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 comprises ribbons, bows, boxes, containers, sacks, and bags. It is widely available in different materials, such as paper and paperboards, plastics, glasses, and metals, and sizes, shapes, colors, patterns, textures, and styles. It is cost-effective and enhances the appearance and provides uniqueness to gifts while protecting them from any kind of damage and friction. Besides this, gift packaging offers an element of surprise to the gift and makes the receiver feel special. As a result, it is utilized in birthday, farewell, anniversary, festive, and business party presents across the globe.      

Gift Packaging Market Trends and Drivers:

At present, the rising demand for green-paper gift packaging, as it is easy to produce, available in printed designs, and has a high recycling rate, represents one of the primary factors strengthening the market growth. Besides this, the growing corporate gifting culture among companies to build strong and positive relationships between companies and clients is offering a positive market outlook. Apart from this, the wide availability of gift packaging through various distribution channels, such as supermarkets, hypermarkets, and specialty, convenience, and online stores, across the globe is offering a lucrative growth opportunity to industry investors. Furthermore, key players are introducing a new wrapping system with the advanced paper stretch wrap that is an alternative to plastic stretch 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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