The global gift packaging market value is estimated to clock a revenue of USD 37.4 billion by 2033. The gift packaging demand is expected to register a CAGR of 4.3% through 2033, with a present valuation of USD 25.3 billion in 2023.
Key Trends in the Gift Packaging Market
| Attribute | Details |
|---|---|
| Gift Packaging Market Size, 2023 | USD 25.3 billion |
| Gift Packaging Market Size, 2033 | USD 37.4 billion |
| Value-based CAGR (2023 to 2033) | 4.3% |
Sales of gift packaging solutions are predicted to increase over the forecast period, influenced by their increased acceptability in different situations. Manufacturers are focusing on helping businesses enhance their offerings on the shelf by offering minimalist designs and innovative presentation styles. The surging purchasing power of individuals, along with the shifting trend toward gifting on occasions like farewell parties, birthdays, and anniversaries, are adding to product sales.
| Attributes | Details |
|---|---|
| Gift Packaging Market Size (2018) | USD 20.36 billion |
| Gift Packaging Market Size (2022) | USD 24.1 billion |
| Gift Packaging Market (CAGR 2023 to 2033) | 4.3% |
Over the forecast period, the surge in the corporate gifting culture is expected to become prevalent as firms opt to promote themselves and create business relationships. The increasing popularity of corrugated gift boxes, due to their diverse beneficial properties like resistance, reusability, aesthetic appeal, and much more, is predicted to stimulate market growth.
| Country | Market Share in 2023 |
|---|---|
| China | 12.2% |
| India | 8.5% |
| Japan | 3.6% |
| South Korea | 3.4% |
| Thailand | 1.3% |
The gifting culture in the Asia Pacific is especially elaborate during special occasions. Organizations, corporations, and families partake in gifting activities during celebrations, festivals, and different events. A look at the regional market depicts a greater contribution of China and India, which account for leading market shares.
The increase in plastic pollution in Asian countries has led to the popularity of paper boxes. The surge in gift-giving occasions in Asian countries is strengthening the gift packaging market growth. After witnessing huge success in developing countries like China and India, gift packaging merchants are vying for larger shares in countries like Japan, South Korea, and Thailand.
Consumers in China with high purchasing power seek elegant gift box options for gifting purposes. Merchants in China are attracting businesses by offering unique products and services that enhance the overall experience of their customers. Additionally, consumers like to post products with distinct packaging on social media to share their experiences. This is expected to accelerate the trend of themed gift packaging.
China accounts for a major share of global revenue from e-commerce. Consequently, this country is expected to be a prominent market for e-commerce business in the years ahead. High prospects for e-commerce business are expected to be favorable for gift packaging merchants.
As per the latest market estimates, Japan is predicted to enjoy a 3.6% share of the global market. The country is widely known for its obsession with packaging and its popular gift-wrapping techniques. The easy availability of wrapping papers in department stores in Japan is adding to the increasing sales of gift packaging solutions.
Key players are capitalizing on the craze of consumers in Japan for gift wrapping, by introducing their favorite animations as a gift packaging choice for special occasions.
The South Korean market for gift packaging is expected to obtain a market share of 3.4% in 2023. Leading providers of gift packaging solutions are focusing on gaining profits from the intensifying demand for modern as well as traditional wrapping papers in the country. Suppliers are offering businesses customized and personalized packaging solutions for gifts. Vendors provide professional services for different gift boxes, paper bags, hang tags, jewelry boxes, and other paper products for creative packing solutions for brands.
| Country | Market Share in 2023 |
|---|---|
| United States | 14.3% |
| Canada | 1.5% |
The North America market relishes a broader market share in the global gift packaging market, thanks to enthusiastic celebrations and holiday gifting during Christmas time, and other occasions. The United States leads the regional market composition, with Canada following behind. Globally, the United States share accounts for 14.3%, demonstrating its greater influence in the global turnover generated from the gift packaging market.
Consumption of packaging supplies in Canada is surging at an increased pace. A chief driver for this trend is a surge in the migrating population, coming to the country for education, employment opportunities, etc. The increasing population, in tandem with their inflated disposable incomes, is contributing to the sales of gift packaging solutions. Canada is expected to occupy a 1.5% share of the global market.
Soaring demand for diverse gifting accessories like containers, ribbons & bows, gift sacks, and gift bags, etc. is catalyzing the market growth in Canada. Apart from this, leading vendors are strengthening their distribution networks to yield increased accessibility and sales from their products. The widespread establishment of small business entities in the country is increasing opportunities for gift packaging suppliers.
| Country | Market Share in 2023 |
|---|---|
| Germany | 4.2% |
| United Kingdom | 3% |
| Italy | 2.6% |
| France | 1.7% |
| Spain | 1.6% |
The Europe gift packaging market is filled with strong contenders for gift packaging solutions. To differentiate their offerings, competitors are offering eco-friendly gift packaging solutions. This strategy chiefly captures the wide environment-conscious population in Europe. Key players are offering custom-made gift bags and other products, available in different sizes and materials, for a more personalized experience. In the future, top vendors are projected to strive for packaging innovations to sustain consumers' intrigue in gift packaging.
Germany and the United Kingdom enjoy a substantial market share. Going forward, key players are predicted to enter or expand their reach in less penetrated countries like Spain, Italy, France, etc.
Germany is anticipated to account for 4.2% market share in 2023. Market leaders of gift packaging in Germany are considered trendsetters in terms of design and material implementation. Key players are offering a wide selection of solutions that promise high-quality gift packaging solutions. Gift packaging providers offer custom gift boxes and other solutions to assist businesses in providing gifts with a custom design.
| Top Product Type | Gift Boxes |
|---|---|
| Market Share in 2023 | 21.3% |
The gift boxes segment is anticipated to gain a market share of 21.3% in 2023. Surging demand for personalized gifting and rising consumer liking for eye-catching packaging designs have been pushing segment growth. Technological innovations in box material options, plus rampant e-commerce growth, are propelling businesses to opt for boxes more cautiously. Manufacturers are improving their services by offering high-performing materials, cost-effectiveness, on-demand delivery systems, etc.
Gift boxes are typically composed of plastic, paperboard, aluminum, and tin. The demand for gift boxes is rising on account of the increasing consumption of food and beverages, including sweets, chocolate, toys, and wine across the globe. Sellers of food products deploy gift boxes for packaging as it enhances the appeal of the food item. Apart from food and beverages, gift boxes are used to package toys, cosmetic products, sculptures, personal care products, jewelry, electronic devices, and other items.
| Top Material Type | Paper and Paperboard |
|---|---|
| Market Share in 2023 | 43% |
Paper and paperboard are predicted to settle at a significant market share of 43%. These materials find extensive use in packaging food and drinks, due to high returns available on investment. The introduction of bans on single-use plastics and other materials has pushed the sales of eco-friendly gift packaging solutions like paper and paperboard.
The concept of environmental conservation is bearing positive results with the use of recycled paper and paperboard. Paper packaging is gaining widespread popularity owing to its durability and attractive packaging. Apart from surging demand for cards, the flourishing market of bouquets is also spurring gift packaging market growth.
The gift packaging industry is quite fragmented and has fierce competition. The market is filled with domestic as well as regional contenders. Some typical market expansion strategies include expansions, M&A, partnerships, and collaborations. Apart from this, top players are developing new products as a strategic approach to elevate their market presence. Strategies like these are predicted to boost the level of competition and the product portfolio.
Recent Developments in the Gift Packaging Market
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Packaging Type, 2018 to 2033
Table 4: Global Market Volume (Units) Forecast by Packaging Type, 2018 to 2033
Table 5: Global Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 6: Global Market Volume (Units) Forecast by Product Type, 2018 to 2033
Table 7: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 8: North America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 9: North America Market Value (US$ Million) Forecast by Packaging Type, 2018 to 2033
Table 10: North America Market Volume (Units) Forecast by Packaging Type, 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 12: North America Market Volume (Units) Forecast by Product Type, 2018 to 2033
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: Latin America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 15: Latin America Market Value (US$ Million) Forecast by Packaging Type, 2018 to 2033
Table 16: Latin America Market Volume (Units) Forecast by Packaging Type, 2018 to 2033
Table 17: Latin America Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 18: Latin America Market Volume (Units) Forecast by Product Type, 2018 to 2033
Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 20: Western Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 21: Western Europe Market Value (US$ Million) Forecast by Packaging Type, 2018 to 2033
Table 22: Western Europe Market Volume (Units) Forecast by Packaging Type, 2018 to 2033
Table 23: Western Europe Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 24: Western Europe Market Volume (Units) Forecast by Product Type, 2018 to 2033
Table 25: Eastern Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: Eastern Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 27: Eastern Europe Market Value (US$ Million) Forecast by Packaging Type, 2018 to 2033
Table 28: Eastern Europe Market Volume (Units) Forecast by Packaging Type, 2018 to 2033
Table 29: Eastern Europe Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 30: Eastern Europe Market Volume (Units) Forecast by Product Type, 2018 to 2033
Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 32: South Asia and Pacific Market Volume (Units) Forecast by Country, 2018 to 2033
Table 33: South Asia and Pacific Market Value (US$ Million) Forecast by Packaging Type, 2018 to 2033
Table 34: South Asia and Pacific Market Volume (Units) Forecast by Packaging Type, 2018 to 2033
Table 35: South Asia and Pacific Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 36: South Asia and Pacific Market Volume (Units) Forecast by Product Type, 2018 to 2033
Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 38: East Asia Market Volume (Units) Forecast by Country, 2018 to 2033
Table 39: East Asia Market Value (US$ Million) Forecast by Packaging Type, 2018 to 2033
Table 40: East Asia Market Volume (Units) Forecast by Packaging Type, 2018 to 2033
Table 41: East Asia Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 42: East Asia Market Volume (Units) Forecast by Product Type, 2018 to 2033
Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 44: Middle East and Africa Market Volume (Units) Forecast by Country, 2018 to 2033
Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Packaging Type, 2018 to 2033
Table 46: Middle East and Africa Market Volume (Units) Forecast by Packaging Type, 2018 to 2033
Table 47: Middle East and Africa Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 48: Middle East and Africa Market Volume (Units) Forecast by Product Type, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Packaging Type, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 5: Global Market Volume (Units) Analysis by Region, 2018 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ Million) Analysis by Packaging Type, 2018 to 2033
Figure 9: Global Market Volume (Units) Analysis by Packaging Type, 2018 to 2033
Figure 10: Global Market Value Share (%) and BPS Analysis by Packaging Type, 2023 to 2033
Figure 11: Global Market Y-o-Y Growth (%) Projections by Packaging Type, 2023 to 2033
Figure 12: Global Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 13: Global Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 14: Global Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 15: Global Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 16: Global Market Attractiveness by Packaging Type, 2023 to 2033
Figure 17: Global Market Attractiveness by Product Type, 2023 to 2033
Figure 18: Global Market Attractiveness by Region, 2023 to 2033
Figure 19: North America Market Value (US$ Million) by Packaging Type, 2023 to 2033
Figure 20: North America Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 21: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 23: North America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 26: North America Market Value (US$ Million) Analysis by Packaging Type, 2018 to 2033
Figure 27: North America Market Volume (Units) Analysis by Packaging Type, 2018 to 2033
Figure 28: North America Market Value Share (%) and BPS Analysis by Packaging Type, 2023 to 2033
Figure 29: North America Market Y-o-Y Growth (%) Projections by Packaging Type, 2023 to 2033
Figure 30: North America Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 31: North America Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 34: North America Market Attractiveness by Packaging Type, 2023 to 2033
Figure 35: North America Market Attractiveness by Product Type, 2023 to 2033
Figure 36: North America Market Attractiveness by Country, 2023 to 2033
Figure 37: Latin America Market Value (US$ Million) by Packaging Type, 2023 to 2033
Figure 38: Latin America Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 39: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 44: Latin America Market Value (US$ Million) Analysis by Packaging Type, 2018 to 2033
Figure 45: Latin America Market Volume (Units) Analysis by Packaging Type, 2018 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Packaging Type, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Packaging Type, 2023 to 2033
Figure 48: Latin America Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 49: Latin America Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 52: Latin America Market Attractiveness by Packaging Type, 2023 to 2033
Figure 53: Latin America Market Attractiveness by Product Type, 2023 to 2033
Figure 54: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 55: Western Europe Market Value (US$ Million) by Packaging Type, 2023 to 2033
Figure 56: Western Europe Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 57: Western Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 59: Western Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 62: Western Europe Market Value (US$ Million) Analysis by Packaging Type, 2018 to 2033
Figure 63: Western Europe Market Volume (Units) Analysis by Packaging Type, 2018 to 2033
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Packaging Type, 2023 to 2033
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Packaging Type, 2023 to 2033
Figure 66: Western Europe Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 67: Western Europe Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 70: Western Europe Market Attractiveness by Packaging Type, 2023 to 2033
Figure 71: Western Europe Market Attractiveness by Product Type, 2023 to 2033
Figure 72: Western Europe Market Attractiveness by Country, 2023 to 2033
Figure 73: Eastern Europe Market Value (US$ Million) by Packaging Type, 2023 to 2033
Figure 74: Eastern Europe Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 77: Eastern Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 80: Eastern Europe Market Value (US$ Million) Analysis by Packaging Type, 2018 to 2033
Figure 81: Eastern Europe Market Volume (Units) Analysis by Packaging Type, 2018 to 2033
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Packaging Type, 2023 to 2033
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Packaging Type, 2023 to 2033
Figure 84: Eastern Europe Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 85: Eastern Europe Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 88: Eastern Europe Market Attractiveness by Packaging Type, 2023 to 2033
Figure 89: Eastern Europe Market Attractiveness by Product Type, 2023 to 2033
Figure 90: Eastern Europe Market Attractiveness by Country, 2023 to 2033
Figure 91: South Asia and Pacific Market Value (US$ Million) by Packaging Type, 2023 to 2033
Figure 92: South Asia and Pacific Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 95: South Asia and Pacific Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by Packaging Type, 2018 to 2033
Figure 99: South Asia and Pacific Market Volume (Units) Analysis by Packaging Type, 2018 to 2033
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Packaging Type, 2023 to 2033
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Packaging Type, 2023 to 2033
Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 103: South Asia and Pacific Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 106: South Asia and Pacific Market Attractiveness by Packaging Type, 2023 to 2033
Figure 107: South Asia and Pacific Market Attractiveness by Product Type, 2023 to 2033
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033
Figure 109: East Asia Market Value (US$ Million) by Packaging Type, 2023 to 2033
Figure 110: East Asia Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 111: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 113: East Asia Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 116: East Asia Market Value (US$ Million) Analysis by Packaging Type, 2018 to 2033
Figure 117: East Asia Market Volume (Units) Analysis by Packaging Type, 2018 to 2033
Figure 118: East Asia Market Value Share (%) and BPS Analysis by Packaging Type, 2023 to 2033
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Packaging Type, 2023 to 2033
Figure 120: East Asia Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 121: East Asia Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 122: East Asia Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 124: East Asia Market Attractiveness by Packaging Type, 2023 to 2033
Figure 125: East Asia Market Attractiveness by Product Type, 2023 to 2033
Figure 126: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 127: Middle East and Africa Market Value (US$ Million) by Packaging Type, 2023 to 2033
Figure 128: Middle East and Africa Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033
Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 131: Middle East and Africa Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Packaging Type, 2018 to 2033
Figure 135: Middle East and Africa Market Volume (Units) Analysis by Packaging Type, 2018 to 2033
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Packaging Type, 2023 to 2033
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Packaging Type, 2023 to 2033
Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 139: Middle East and Africa Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 142: Middle East and Africa Market Attractiveness by Packaging Type, 2023 to 2033
Figure 143: Middle East and Africa Market Attractiveness by Product Type, 2023 to 2033
Figure 144: Middle East and Africa Market Attractiveness by Country, 2023 to 2033
The gift packaging market revenue is USD 25.3 billion in 2023.
The market is expected to expand at a CAGR of 4.3% through 2033.
The gift packaging market is predicted to account for USD 37.4 billion by 2033.
The United States is projected to grab a maximum market share.
Paper and paperboard are highly preferred for packaging, accounting for 43% of the global market share.
Hallmark Cards, Packlane, and Smurfit Kappa Group are the key competitors in the market.
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