Gift Wrapping Paper Market

Increased penetration of e-commerce in the gifting world has emerged as a crucial factor to fuel the demand for gift wrapping paper. Multinational e-commerce establishments such as Amazon, Alibaba, and Snapdeal are largely expected to drive the demand for gift wrapping paper. According to an independent research, the major portion of demand for gift wrapping papers comes from Christmas and Halloween, largely celebrated in western economies. Most of the companies are primarily focusing on offering customized products as well as expanding their product portfolio while keeping the festive season in mind to lure consumers to buy their products.

Despite the positive outlook, there are certain factors, which might hamper the global gift wrapping paper market. The increasing concern over the huge amount of waste generated due to the use of single-use gift wrapping paper is the major restraining factor that will hamper the growth of the global gift wrapping paper market in the forecast period.

Global Gift Wrapping Paper Market: Segmentation

The global gift wrapping paper market can be segmented on the basis of printing technology, material type, and packaging type.

Global Gift Wrapping Paper Market: Regional Outlook

The global gift wrapping paper market is segmented into seven regions, namely, Latin America, North America, Eastern Europe, Western Europe, Middle East and Africa (MEA), Asia Pacific Excluding Japan (APEJ), and Japan.

North America and Europe are currently the largest markets for gift wrapping paper owing to their high per capita income as well as a better standard of living in comparison with any other regions across the globe. Moreover, most of the multinational pulp & paper manufacturing mills are well established in this region. However, in terms of growth, the Asia Pacific region is expected to be the most lucrative market for gift wrapping papers. Owing to the rising disposable incomes as well as an increase in consumer spending in emerging economies of China & India, the market for gift wrapping papers in this region is expected to witness a double-digit growth over the forecast period. However, due to an economic slowdown in countries like Brazil, Chile, Venezuela, etc. over the last decade, the market for gift wrapping paper in Latin America is projected to witness below-average growth.

Finally, summarizing the above regional scenario, the market for gift wrapping paper is projected to grow at a healthy CAGR over the forecast period.

Global Gift Wrapping Paper Market: Key Players

The report on gift wrapping paper is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, as well as inputs from industry experts and industry participants across the value chain. The gift wrapping paper report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The gift wrapping paper report also maps the qualitative impact of various market factors on market segments and geographies.

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 Future Market Insights.