The Latest research study released by Absolute Markets Insights Personalized Gifts Market with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth.In terms of revenue, global personalized gifts market was valued at US$ 25.28 Bn in 2022 growing at a CAGR of 7% over the forecast period (2022 – 2030). Some of the Major Companies covered in this Research are: 1-800-FLOWERS.COM INC., AGC LLC., Card Factory, Cimpress, Disney, Etsy Inc., Gifts.com, Hallmark Licensing LLC., IGP.com, PersonalCreations.com, prestogifts.com, Redbubble, Shutterfly Inc., and Zazzle Inc., amongst other market participants.
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Global Personalized Gifts Market:
By Type
- Photo Personalized Gifts
- Non-Photo Personalized Gifts
By Category
- Bed & Bath
- Clothing & Accessories
- Frames & Albums
- Home Décor
- Jewelry
- Stationery & Gift Cards
- Bar & Wine
- Kitchenware
- Outdoor & Garden
- Travel Gifts & Accessories
- Others
By Occasion
- Anniversary
- Birthday
- Housewarming
- Festivals
- Wedding
- Corporate & Group Events
- Parties
- Others
By Recipient
- Adult
- Teen
- Kids
By End Users
- Individuals
- Corporate
By Distribution Channels
- Online
- Offline
By Region
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
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Personalized gifts are the items that carry the name, initials, picture of the person who is receiving them as a gift. Sometimes, they feature monogram on them. They are expected to create a sense of belonging among recipients of the gift, making them feel happy about the fact that the gift is exclusively made for them. Personalization is an art that can turn ordinary gifts into memorable ones so that any occasion of the gift recipient becomes extra special for them. The personalized gifts are commonly adorned with the name, picture or a short personal message that lets gift-senders share their sentiments with the gift recipients.
In the global personalized gifts market, the major driver contributing to the market growth is the growing influence from the western culture, which has popularized the trend of celebrating special days such Father’s Day, Mother’s Day, and Thanksgiving amongst others. Rapid prospects in technology have made the products more affordable due to production procedure becoming easy and less time consuming. The allure of attaching personalized messages to the gifts, is giving massive boost to the market demand and the market growth. The demand for eco-friendly gifts is also increasing, particularly in the section of the children’s toys. Other factors contributing to the market growth include product innovation due to technological advancement, rising internet facilities, and presence of wide range of options.
Challenges related to inventory, merchandising management, and supply chain are hampering the growth of global personalized gifts market.
The outbreak of China-originated coronavirus has resulted in governments in most countries to impose lockdown to prevent the spread of COVID-19. This lead to border restrictions and breakdown of transportation networks. Corporates were enforced to impost work-from-home for all their employees and later resume with limited staff in their premises. However, since the business operations are gradually reopening, personalized gifts are gaining massive traction amongst the corporate and individual end users. Corporates are increasingly preferring personalized gift for their staff so as to reward their contribution and reliance with the organization amidst the difficult times. The trend is estimated to retain and further contribute towards the growth of global personalized gifts market over the period of next eight years.
Personalized Gifts Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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