Gift Boxes Market Expected to Reach Valuation of US$ 3,459.3 Million, at a CAGR worth 6.2% by 2032 | Future Market Insights, Inc.
The global gift boxes market is highly fragmented, with major players concentrated in major developed countries such as the United States. North America is expected to account for nearly 23% share in the gift boxes market in 2022
NEWARK, Del, Aug. 30, 2022 (GLOBE NEWSWIRE) — The global gift boxes market is projected to reach a valuation of US$ 3,459.3 Mn, with sales growing at a positive CAGR of 6.2% over the forecast period of 2022 to 2032. Expected to reach an estimated US$ 1,897.2 Mn by the end of 2022, the gift boxes market is prompted by the escalating popularity of e-commerce and the resultant surge in the demand for the development of the gift box packaging industry.
In the past few years, the e-commerce industry has scaled new heights of popularity and market penetration. This has had a considerable impact on the overall packaging industry but specifically on the growth of the gift box packaging market. These boxes are in high demand due to the expansion of the gift culture along with rising e-commerce and the fact that gift boxes ensure the safe delivery of the gift item. Food and beverage goods like chocolate, ice cream, wine, sweets, and many others are extensively used as gift items all over the world. Gift boxes not only ensure the safety of these products but also make them look luxurious and attractive. Other products like jewelry, toys, cosmetics, and personal care items, electronic devices are also packed and delivered in gift boxes.
Request a Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4944
Moreover, advantages associated with gift boxes such as durability, reusability, protection from damage, and an attractive appearance further propels the gift boxes market. Limited gift packaging options and poor quality alternatives benefit the gift box market tremendously. In addition to this, due to growing environmental consciousness and sustainability drives, gift boxes made of paper and paperboard are gaining traction because of their recyclable and degradable properties. All of these factors are fostering a positive environment of growth for the gift boxes market over the projected period.
“Advancing e-commerce sector, growing gifting culture and the availability fewer alternatives are certain factors that will boost market prospects for gift boxes over the forecast period,” says an FMI analyst.
Key Takeaways:
- Sustainability and ecofriendliness of gift boxes are promoting the market growth.
- Stringent government regulations related to food safety may deter expansion of the gift boxes market.
- In 2022, North America is anticipated to hold 23% of the overall market share.
- The gift boxes market in Europe is expected to exhibit remarkable growth over the assessment period.
- Start-ups are focusing on product development and releases during the forecast period.
Request for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-4944
Competitive Landscape
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., among others are some of the major players in the gift boxes market that are profiled in the full version of the report.
Major market players are concentrating on new product releases and development. These businesses are employing strategies like acquisition and mergers to enhance their market presence.
Key Segments Covered In the Gift Boxes Industry Survey
By Raw Material:
- Plastic Gift Boxes
- Paper Gift Boxes
- Other Raw Material Gift Boxes
By End Use:
- Gift Boxes for Consumer Goods
- Gift Boxes for Food and Beverages
- Bakery & Confectionary
- Alcoholic Drinks
- Frozen Desserts
- Others
- Gift Boxes for Electronic Devices
- Gift Boxes for Cosmetics and Personal Care Products
By Product Type:
- Slide Sleeve Gift Boxes
- Telescopic Gift Boxes
By Printing Technology:
- Lithography Printed Gift Boxes
- Flexography Printed Gift Boxes
- Electrophotography Technology Printed Gift Boxes
- Dry Toner Printed Gift Boxes
- Liquid Toner Printed Gift Boxes
- Inkjet Photography Technology Printed Gift Boxes
- Other Printed Gift Boxes
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Ask an Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-4944
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
4. Global Gift Boxes Market Analysis 2017-2021 and Forecast, 2022-2032
More Insights into the Gift Boxes Market Report
In its latest report, FMI offers an unbiased analysis of the global gift boxes market, providing historical data from 2016 to 2021 and forecast statistics for 2021 to 2031. To understand the global market potential, growth, and range, the market is segmented based on raw materials (plastic, paper, others), end use (consumer goods, food and beverages (bakery & confectionary, alcoholic drinks, frozen deserts, others), electronic devices, cosmetics and personal care products), product type (side sleeve gift boxes, telescopic gift boxes), printing technology (lithography printed gift boxes, flexography printed gift boxes, electrophotography technology printed gift boxes, dry toner printed gift boxes, liquid toner printed gift boxes, inkjet photography technology printed gift boxes, other printed gift boxes), and region.
According to the latest FMI reports, based on region, the gift boxes market in North America is expected to account for about 23% of the global market share by the end of 2022. The higher purchasing power of consumers coupled with multiple gifting occasions in a year boosts the regional market growth. Again, the plastic ban in many states across the United States also supplements the growth of the gift boxes market.
In Europe, the gift boxes market is predicted to present notable growth over the forecast period. It is expected that the regional market will acquire about 29% of the overall market share in 2022. Packaging needs, high quality, affordable packaging, and better delivery systems account for the market growth in Europe.
Have a Look at Related Reports of Packaging Domain
Luxury Rigid Boxes Market Growth: The global luxury rigid boxes market is estimated to value at US$ 4.0 billion in 2022 and is projected to reach US$ 5.4 billion by 2030, at a CAGR of 3.9%.
Custom Packaging Boxes Market Type: The global custom packaging boxes market is set to reach a valuation of US$ 5.7 Bn in 2022. Demand is projected to increase at a CAGR of 4.7% over the forecast period, reaching US$ 9.0 Bn by 2032.
Interlocking Boxes Market Analysis Forecast: Global Interlocking Boxes demand is anticipated to be valued at US$ 45,312.0 Million in 2022, forecast to grow at a CAGR of 5.3% to be valued at US$ 76,212.0 Million from 2022 to 2032.
Transport Cases & Boxes Market Sale: The global transport cases & boxes market to grow in conjunction with linear transition at a CAGR of 3.2% between 2022 and 2030.
Membrane Boxes Market Value: As per FMI Analysts, the global Membrane boxes market is estimated to be valued at US$ 264.2 Million in 2022 and is projected to increase at a CAGR of 4.5% in the forecast period from 2022 to 2032.
Download complimentary copy of Future Market Insights White Paper on Intelligent Packaging for Circular Economy published in collaboration with Graham Packaging and Avery Dennison
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: [email protected]
Browse Latest Market Reports: https://www.futuremarketinsights.com/reports
Disclaimer: This content is distributed by The GlobeNewswire 
