The global gift boxes market is expected to accumulate US$ 1,897.2 Million in value by 2022 – end. During the forecast period ranging from 2022 to 2032, a CAGR worth 6.2% has been projected for the market, with an expected closing value worth US$ 3,459.3 Million.
The demand of the gift boxes is high because food and beverage products such as chocolate, ice-crème, sweets, wine, and toys are consumed globally. Food products look more lucent and attractive if they are packed within gift boxes. Gift boxes are also used for packaging many other products such as jewelry, electronic gadgets, toys, sculpture, personal care products, cosmetic products, and goods. Gift boxes are mainly manufactured by paperboard, plastic, tin, and aluminum.
There are some factors which contribute to the growth of the gift box market, e-commerce is one of them. The increase in e-commerce market plays a significant role in the growth of the gift box packaging industries because they use gift boxes for the purpose of packaging the goods to provide the safe delivery of the product.
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Gift boxes are no longer used only for the purpose of protecting the product from the damage, but it has some special quality such as durability, reusability and attractive look. Due to some better characteristic as compared to alternatives, gift box market is gaining popularity throughout the global market. Few alternative options are available in the market for the gift packaging such as wrapper paper, bag etc. Over the past few years, e-commerce industry has emerged tremendously which has positively impacted the market for gift boxes. In addition to, paper or corrugated gift box is on trend due to the sustainability, and eco-friendly nature because they are easily recyclable and degradable.
Furthermore, the factors which are contributing towards the growth of gift boxes market is the rise in per capita income of consumers which has increased the investment of income on the gift. The logistics and transport market is expanding at a high pace and is emerging as an opportunity for future growth of the global box packaging market.
Gift Boxes Market – Regional outlook
Gift Boxes Market has been segmented on the basis of the region into North America, Latin America, Asia Pacific, Europe and the Middle East. Among these regions, North America and Asia Pacific are expected to witness a high growth for gift boxes market. In Asia Pacific, China is anticipated to be the largest market for gift boxes because of the increasing trends towards aesthetic and convenience in packaging.
Above average growth is expected in the Middle East and Africa for gift boxes market over the forecast period 2017-2025. Emerging economies across the globe have seen an increase in per capita income which is positively influencing the preferences for the usage of luxury packaging solutions such as gift boxes.
Gift Boxes Market – Key players
Few of the key players in the global gift boxes market are Qingdao Hongrui Industry Co. Ltd, Shenzhen Fuxiang Gifts & Packaging Co. Ltd, Bayley’s Boxes, Varanna Industries, Shanghai Xianrong Packing Co., Ltd., Om Express Print Pack Private Limited, Valtenna Industria Cartotecnia, and Shenzhen Tianya Paper Products Co.,Ltd.
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The report covers exhaustive analysis on:
- Global Gift Boxes Market Segments
- Global Gift Boxes Market Dynamics
- Historical Actual Market Size, 2012 – 2016
- Global Gift Boxes Market Size & Forecast 2017 to 2027
- Supply & Demand Value Chain for Gift Boxes Market
- Global Gift Boxes Market Current Trends/Issues/Challenges
- Competition & Companies involved in Gift Boxes Market
- High Altitude Aeronautical Platform Stations Technology
- Value Chain of High Altitude Aeronautical Platform Stations
- Global Gift Boxes Market Drivers and Restraints
Gift Boxes – Market Segmentation
Gift boxes market can be segmented on the basis of by material type, by the end user, and by product type, by printing technology.
On the basis of raw material type, the gift boxes market is segmented into –
- Plastics
- Paper
- Others
On the basis of end use, the gift boxes market is segmented into –
- Consumer goods
- Food and beverages
- Bakery & Confectionary
- Alcoholic Drinks
- Frozen Desserts
- Others
- Electronic devices
- Cosmetic and personal care
On the basis of product type, the gift boxes market is segmented into –
- Slide sleeve boxes
- Telescopic boxes
On the basis printing technology, the gift boxes market is segmented into –
- Lithography
- Flexography
- Electrophotography Technology
- Dry toner
- Liquid toner
- Inkjet Photography Technology
- Others
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