The latest report by IMARC Group, titled “Gift Packaging Market Report by Product Type (Ribbons, Wrapping Papers, Containers, Boxes, and Others), Material (Paper and Paperboards, Plastic, Glass, and Others), Packaging (Primary Packaging, Secondary Packaging, Tertiary Packaging), and Region 2024-2032“, The global gift packaging market size reached US$ 23.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 31.6 Billion by 2032, exhibiting a growth rate (CAGR) of 3.4% during 2024-2032.

Gift packaging includes a variety of items like ribbons, bows, boxes, containers, sacks, and bags. It can be found in various materials such as paper, plastic, glass, and metal, in different sizes, shapes, colors, patterns, textures, and styles. Not only does it add a special touch to gifts, but it also protects them from damage and adds an element of surprise for the recipient. Gift packaging is commonly used for various occasions like birthdays, farewells, anniversaries, holidays, and business events worldwide.

Gift Packaging Market Trends and Drivers:

Currently, the increasing desire for eco-friendly gift wrapping made from green paper is boosting market growth. This type of popular because it can be easily made, features attractive printed designs, and is highly recyclable. Additionally, the trend of corporate gifting is on the rise, with companies using it as a strategy to foster positive relationships with clients. The global market for gift packaging is thriving due to the wide availability of these products across various distribution channels like supermarkets, hypermarkets, specialty stores, convenience stores, and online retailers. Moreover, industry leaders are introducing innovative wrapping solutions such as advanced paper stretch wrap as a sustainable alternative to traditional plastic film.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/gift-packaging-market/requestsample

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product Type:

• Ribbons
• Wrapping Papers
• Containers
• Boxes
• Others

Breakup by Material:

• Paper and Paperboards
• Plastic
• Glass
• Others

Breakup by Packaging:

• Primary Packaging
• Secondary Packaging
• Tertiary Packaging

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• DS Smith plc
• Ebro Color GmbH
• Hallmark Cards Inc.
• IG Design Group plc
• International Packaging Corporation
• Karl Knauer KG
• Mondi plc
• POL-MAK
• Smurfit Kappa Group plc
• Yama Ribbon & Bows Co. Ltd.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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