The global gift boxes market is expected to accumulate USD 2,018.62 million by 2023 end. During the forecast period ranging from 2023 to 2033, a CAGR worth 6.4% has been projected for the market, with an expected closing value worth USD 3,753.80 million. During 2018 to 2022 historical period, the industry expanded at a value CAGR of 5.5%.
The mounting popularity of the e-commerce market in developed countries like the United States & Germany and the growing demand for the development of the gift box packaging industries boost the demand for Gift Boxes.
| Attributes | Details |
|---|---|
| Gift Boxes Market Share (2022) | USD 1,897.2 million |
| Gift Boxes Market Share (2023) | USD 2,018.62 million |
| Gift Boxes Market Share (2033) | USD 3,753.80 million |
| Gift Boxes Market Share (2023 to 2033) | 6.4% |
| Gift Boxes Market Attraction | The increasing growth of the e-commerce market has had a significant impact on the development of the gift box packaging industries because gift boxes are used to package goods to ensure the safe delivery of the product to unlock new growth opportunities. |
Gift boxes are in high demand because food and beverage products such as chocolate, ice cream, sweets, wine, and toys are consumed globally. Food products appear more lustrous and appealing when packaged in gift boxes.
Gift boxes are also used to package a variety of other items, including jewelry, electronic devices, toys, sculpture, personal care products, cosmetic products, and goods. Paperboard, plastic, tin, and aluminum are the most widely used materials used to make gift boxes.
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E-commerce is one of the aspects that influence the growth of the gift box market. The growth of the e-commerce market has had a significant impact on the development of the gift box packaging industry because gift boxes are used to package goods to ensure the safe delivery of the product.
Gift boxes are no longer used solely to protect products from damage, but they also have some unique characteristics such as durability, reusability, and an appealing appearance. The gift box market is gaining popularity throughout the global market due to some superior characteristics when compared to alternatives.
In the market, there are a few alternatives for gift packaging, such as wrapper paper, bags, and so on. The e-commerce industry has grown tremendously in recent years, which has benefited the gift box market. Furthermore, paper or corrugated gift boxes are popular due to their sustainability and eco-friendliness, as they are easily recyclable and degradable.
However, government regulations related to food safety and standards for preventing the quality degradation of food products due to packaging gift boxes are expected to impede market growth. Furthermore, intense competition among key players in the industry creates barriers to entry for new entrants industry and restricts market growth.
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The age-old American culture of personal gifting regularly, as well as rising customer inclination towards eye-catching packaging paper designs, are likely to drive sales of gift paper boxes. Because of the region's greater consumption of gift-box papers for Christmas celebrations, North America is expected to hold a significant share of the global gift boxes market.
For instance, in 2017, Canadians spewed 540,100 tonnes of paper and gift boxes during the Christmas season. Besides this, the region's high population spending on decorative objects contributes to greater consumption of gift boxes, papers, and other packaging accessories.
Another factor driving the growth of paper boxes is the ban on the use of plastic in many industries throughout many countries, including the United States accounted for the bulk of global sales, owing to the rise in gifting occasions in the region.
Because of their high purchasing power, consumers prefer to purchase expensive gift boxes that are elegantly designed to enhance the attractiveness of the gift. During the forecast period, this is expected to propel industry growth in this region.
The global market is highly fragmented, with major players concentrated in major developed countries such as the United States. The two major trends observed in the market are franchising and retailing. North America is expected to account for nearly 23% share of the gift boxes market in 2023.
Europe has consistently seen brands experiment with innovative gifting concepts for various occasions and events, propelling market growth in Europe. With a growing preference for experiences rather than just objects In a few short years, Europeans have shifted their preferences from material gifts to experiences.
With only a few boxes sold in its first year, 2004, Wonderbox now has a revenue of 220.5 million euros. Gift box suppliers appeared all over the place in the early twenty-first century, hoping to leverage a nascent trend in Europe.
The exponential growth of e-commerce, associated with technological advancements in box material options, is fundamentally changing the way most businesses choose the best solution. The main drivers of the European gift box market are performance, cost implications driven by material improvements, packaging necessitates, delivery systems that create on-demand packaging, and sustainability.
Germany is the region's largest market due to its dominance in the gift boxes industry. However, Eastern Europe is expected to grow at a higher pace due to the increasing adoption of these box-making techniques across a variety of industries. In 2023, Europe is expected to acquire a 29% market share in the gift boxes market, and is projected to maintain its dominance over the upcoming years, states Future Market Insights.
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The swelling dispersion of start-ups in the Gift Boxes market has improved product quality and inclined global sales. Besides, to gain a competitive edge, new start-ups are working on novel developments and launching new products such as:
Satyam Kraft, which was founded in the year 2010, is a leading player in the Surat Decorative Item Dealers category. It released a golden dry fruit box in February 2022 that is specifically used for gifting purposes in Indian weddings, gift packaging, corporate giveaways, festive gifting, and a variety of other occasions.
Some major players in the 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.
The key development in the Gift Boxes market is as follows :
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa (MEA) |
| Key Countries Covered | United States, Canada, Germany, United Kingdom, Nordic, Russia, BENELUX, Poland, France, Spain, Italy, Czech Republic, Hungary, Rest of EMEAI, Brazil, Peru, Argentina, Mexico, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, ASEAN, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others |
| Key Segments Covered | Fiber Form, Raw Material, End Use, Product Type, Printing Technology, Region |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market is valued at USD 2,018.62 million in 2023.
Qingdao Hongrui Industry Co. Ltd, and Bayley's Boxes, are the leading market players.
The market is estimated to reach USD 3,753.80 million by 2033.
The market registered a 5.5% CAGR from 2018 to 2022.
North America is estimated to hold a 23% share in 2023.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Raw Material 5.1. Plastic 5.2. Paper 5.3. Other Raw Material 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 6.1. Consumer Goods 6.2. Food and Beverages 6.2.1. Bakery & Confectionary 6.2.2. Alcoholic Drinks 6.2.3. Frozen Desserts 6.2.4. Others 6.3. Electronic Devices 6.4. Cosmetics and Personal Care Products 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 7.1. Slide Sleeve 7.2. Telescopic 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Printing Technology 8.1. Lithography Printed 8.2. Flexography Printed 8.3. Electrophotography Technology Printed 8.4. Dry Toner Printed 8.5. Liquid Toner Printed 8.6. Inkjet Photography Technology Printed 8.7. Other Printed 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Qingdao Hongrui Industry Co. Ltd 19.2. Shenzhen Fuxiang Gifts & Packaging Co. Ltd 19.3. Bayley's Boxes 19.4. Varanna Industries 19.5. Shanghai Xianrong Packing Co., Ltd. 19.6. Om Express Print Pack Private Limited 19.7. Valtenna Industria Cartotecnia 19.8. Shenzhen Tianya Paper Products Co. Ltd. 19.9. Bliss Packaging Co 19.10. Alpna Packaging 19.11. GSM Global Impex 20. Assumptions & Acronyms Used 21. Research Methodology
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Gift Boxes Market
