Gift Packaging Market Driven by Growing Personalization Trends
The gift packaging market refers to the packaging solutions used for gifting purposes. Gift packaging comes in various materials like paper, plastics, fabrics, and more and is designed to enhance the appearance of a gift. Personalized gift boxes, bags, ribbons, cards, and Wraps are commonly used types of gift packaging. Gift packaging protects the product from damage and acts as a visual medium to express emotions and festive occasions to the recipient. Growing consumer demand for premium and customized gifts has driven innovation in gift packaging styles and designs. With increasing marketing of gifts during festivals and occasions, gift packaging plays a crucial role in branding and promoting products. The rising trend of personalization has encouraged manufacturers to introduce customizable gift packaging options.
The Global Gift Packaging Market is estimated to be valued at USD 25.4 Bn in 2024 and is expected to reach USD 38.9 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
The growing trend of personalization and customization is a key driver for the Gift Packaging Market. Customers prefer unique designs and want packaging tailored to their needs and preferences. This encourages designers to introduce mass-customization options.Rising disposable incomes and growth of retail industry in developing regions contributes to the sales of premium and specialized gift packaging.
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