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Home ➤ Consumer Goods ➤ Retailing ➤ Gift Wrapping Products Market
Gift Wrapping Products Market
Gift Wrapping Products Market
Published date: Dec 2024 • Formats:
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  • Home ➤ Consumer Goods ➤ Retailing ➤ Gift Wrapping Products Market

Global Gift Wrapping Products Market Size, Share, Growth Analysis By Product Type (Wrapping Paper, Gift Bags, Ribbons, Bows, Tapes, Tags and Labels), By Material Type, By Distribution Channel, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Statistics, Trends and Forecast 2024-2033

  • Published date: Dec 2024
  • Report ID: 135304
  • Number of Pages: 291
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
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    • Report Overview
    • Gift Wrapping Products Market Key Takeaways
    • Business Environment Analysis
    • Product Type Analysis
    • Material Type Analysis
    • Distribution Channel Analysis
    • Key Market Segments
    • Driving Factors
    • Restraining Factors
    • Growth Opportunities
    • Emerging Trends
    • Regional Analysis of Gift Wrapping Products Market
    • Competitive Landscape of Gift Wrapping Products Market
    • Recent Developments
    • Report Scope

    Report Overview

    The Global Gift Wrapping Products Market size is expected to be worth around USD 43.9 Billion by 2033, from USD 19.8 Billion in 2023, growing at a CAGR of 8.3% during the forecast period from 2024 to 2033.

    Gift wrapping products include items like wrapping paper, ribbons, bows, and tags used to wrap gifts. These products are designed to enhance the aesthetic appeal of a gift. They are available in various designs, sizes, and materials for different occasions and preferences.

    The gift wrapping products market refers to the industry that manufactures and sells wrapping supplies. This market caters to individuals, retailers, and businesses by providing decorative and functional wrapping solutions for gifting purposes. It includes both standard and customized products.

    Gift Wrapping Products Market Growth Analysis

    The gift wrapping products segment is gaining traction due to its role in enhancing gifting experiences. According to a survey, 83% of executives reported measurable returns from business gifts, highlighting the importance of wrapping. Additionally, 48% of U.S. shoppers plan to purchase gift cards, boosting wrapping product sales.

    The gift wrapping products market sees robust competition, driven by evolving consumer preferences. According to the National Retail Federation (NRF), the average American spends $997.73 during Christmas, with $50-$100 spent per gift. These spending patterns, combined with demand for personalized and eco-friendly wrapping, drive consistent market growth.

    Rising consumer expectations for eco-friendly wrapping align with government sustainability goals. Locally, small businesses benefit from festive demand. On a broader scale, governments’ focus on sustainable gift packaging regulations supports innovation in the market. According to the NRF, these trends collectively ensure steady growth while addressing global environmental concerns.

    Gift Wrapping Products Market Key Takeaways

    • The Gift Wrapping Products Market was valued at USD 19.8 billion in 2023 and is expected to reach USD 43.9 billion by 2033, with a CAGR of 8.3%.
    • In 2023, Wrapping Paper dominated the product type segment, being a staple in both personal and corporate gift presentations.
    • In 2023, Paper-based Materials led the material type segment with 79.6%, driven by environmental concerns and consumer shift towards eco-friendly options.
    • In 2023, Supermarkets and Hypermarkets dominated the distribution channel segment, providing consumers with convenient access to a variety of gift-wrapping products.
    • In 2023, North America held 39.7% of the market, underscoring its significant role in driving market growth.

    Business Environment Analysis

    The gift wrapping products market is experiencing moderate saturation, with many established players dominating the landscape. However, new entrants can still capture market share by focusing on innovation and niche segments. Growth is expected to be driven by increasing demand for sustainable and eco-friendly packaging solutions.

    The primary target demographic for gift wrapping products includes consumers aged 25-45, with a growing focus on millennials and eco-conscious individuals. This segment values sustainable, aesthetically pleasing wrapping solutions. The millennial consumer base is projected to increase by 8% annually over the next five years.

    Product differentiation remains a key competitive advantage, particularly in the premium and eco-friendly categories. Companies offering customized, personalized wrapping options or incorporating unique materials (such as biodegradable packaging or recycled options) are likely to experience higher market penetration. Personalized products account for 15% of total market sales.

    The value chain for gift wrapping products involves sourcing raw materials, manufacturing, packaging, and distribution. The market relies on suppliers of paper, ribbons, and eco-friendly materials. The increasing preference for sustainable products has shifted demand toward responsible sourcing and transparent supply chains.

    Investment opportunities exist in the development of innovative wrapping solutions, such as reusable packaging and smart packaging that integrate with digital technologies. Additionally, companies investing in sustainable production processes stand to benefit from growing consumer preferences for environmental responsibility. Sustainability-focused brands see 10-12% higher growth rates.

    The export-import dynamics of the gift wrapping market are influenced by the global demand for seasonal items. Key exporting countries include China, India, and the U.S., while European countries lead in imports, especially for premium and eco-friendly packaging.

    Product Type Analysis

    Wrapping Paper dominates with the largest share due to its universal application and ease of use.

    In the Gift Wrapping Products Market, the Product Type segment is a pivotal area of analysis. Wrapping Paper, as the dominant sub-segment, claims the largest market share, which can be credited to its universal appeal and practicality. It is a staple in gift wrapping, chosen for its ability to be easily customized and its cost-effectiveness, catering to a broad audience.

    Gift Bags offer a convenient alternative to wrapping paper, appreciated for their reusability and diverse designs, enhancing their value in the market despite a smaller share. Ribbons and Bows add aesthetic value to gifts, playing an essential role in the market by allowing personalization and adding a premium feel.

    Tapes are fundamental for securing wrapping materials and ensuring the integrity of the packaging, while Tags and Labels serve as critical elements for personal messages and identification, contributing to the market by enhancing the personal touch of gifts.

    Material Type Analysis

    Paper-based materials dominate with 79.6% due to their sustainability and adaptability.

    Material Type is a crucial segment in the Gift Wrapping Products Market, with Paper-based materials leading at 79.6%. The dominance of Paper-based materials is largely due to the increased consumer awareness towards sustainability and the versatility of paper in gift wrapping applications.

    It is favored for being eco-friendly, easily recyclable, and widely available, making it a top choice among both consumers and manufacturers.

    Plastic-based materials, although durable and versatile, are seeing a decrease in usage due to environmental concerns. Fabric-based materials offer a reusable, premium alternative often used for more personalized gift wrapping.

    Foil-based materials provide a distinctive shiny finish that appeals to consumers looking for standout wrapping options. Each of these materials supports the market by catering to specific consumer preferences and sustainability trends.

    Distribution Channel Analysis

    Supermarkets and Hypermarkets lead due to their wide accessibility and variety of options.

    The Distribution Channel segment in the Gift Wrapping Products Market is essential for understanding how consumers access these products. Supermarkets and Hypermarkets are the leading channels, offering extensive accessibility and a broad selection of wrapping products under one roof.

    Their dominance is supported by the convenience they offer to consumers, who appreciate being able to choose from a wide range of products during their routine shopping trips.

    Specialty Stores are significant for providing specialized and high-quality wrapping products, catering to consumers seeking unique and premium options. Online Retail is rapidly growing, driven by the shift towards digital shopping platforms and the appeal of convenient, home-delivery services.

    This channel is becoming increasingly popular due to its ability to offer a wide selection and competitive pricing. Convenience Stores, while smaller in scale, play a vital role in providing last-minute, accessible options for consumers. Each channel contributes to the market by meeting different consumer needs and shopping preferences.

    Gift Wrapping Products Market Share Analysis

    Key Market Segments

    By Product Type

    • Wrapping Paper
    • Gift Bags
    • Ribbons
    • Bows
    • Tapes
    • Tags and Labels

    By Material Type

    • Paper-based
    • Plastic-based
    • Fabric-based
    • Foil-based

    By Distribution Channel

    • Supermarkets and Hypermarkets
    • Specialty Stores
    • Online Retail
    • Convenience Stores

    Driving Factors

    Seasonal Demand and DIY Trends Drive Market Growth

    Seasonal demand fluctuations significantly drive the Gift Wrapping Products Market. During holidays and special occasions, the surge in gift-giving elevates the need for diverse wrapping solutions. Additionally, the rise of DIY and crafting trends empowers consumers to create personalized wrapping, enhancing market demand for specialized materials and tools.

    Enhanced retail experiences also contribute by offering engaging in-store displays and interactive packaging options that attract customers. Moreover, the popularity of subscription boxes, which often include unique and themed wrapping products, further fuels market growth.

    As consumers continue to seek unique and meaningful ways to present their gifts, the market responds with innovative and tailored wrapping options, ensuring sustained growth and expanding market presence.

    Restraining Factors

    High Competition and Environmental Concerns Restrain Market Growth

    High competition from low-cost alternatives poses a significant restraint on the Gift Wrapping Products Market. Numerous players offering affordable wrapping solutions can undercut prices, making it challenging for premium brands to maintain their market share.

    Limited raw material availability further exacerbates this issue, as shortages can lead to increased production costs and delays in meeting consumer demand. Additionally, increasing environmental concerns compel manufacturers to adopt sustainable practices, which often involve higher costs and complex supply chain adjustments.

    Rising labor costs also add financial pressure, impacting overall profitability and pricing strategies. These restraining factors create barriers for market expansion and necessitate strategic planning to navigate competitive pricing, ensure sustainable sourcing, and manage operational expenses effectively. Companies must innovate and differentiate their products to overcome these challenges and maintain their foothold in the market.

    Growth Opportunities

    Integration of Technology and Personalization Provide Opportunities

    The Gift Wrapping Products Market presents significant growth opportunities through the integration of technology in wrapping solutions. Advancements such as smart packaging and interactive designs enhance the consumer experience, making gift-giving more engaging and memorable.

    Expansion into personalized and customized markets allows businesses to cater to individual preferences, offering tailored wrapping options that reflect personal tastes and special occasions. The growth of eco-friendly wrapping products also opens avenues for companies to meet the rising demand for sustainable and environmentally responsible packaging solutions.

    Additionally, increasing online sales channels provide broader market access and convenience for consumers, enabling businesses to reach a global audience. These opportunities enable market players to diversify their offerings, adopt innovative technologies, and tap into new customer segments, fostering sustained growth and competitive advantage in the Gift Wrapping Products Market.

    Emerging Trends

    Interactive Designs and Reusable Products Are Latest Trending Factors

    The Gift Wrapping Products Market is being shaped by several trending factors that enhance consumer appeal and market differentiation. The use of interactive and augmented reality packaging introduces a novel experience, allowing consumers to engage with their gifts in innovative ways through digital integrations.

    Emphasis on aesthetic and unique designs caters to the growing demand for visually appealing and distinctive packaging that stands out in a crowded market. The growing popularity of reusable wrapping products aligns with sustainability trends, offering eco-friendly alternatives that reduce waste and appeal to environmentally conscious consumers.

    Additionally, the incorporation of cultural and thematic elements in packaging designs allows for greater customization and relevance to diverse consumer groups, enhancing the emotional connection and value of the gifts.

    Regional Analysis of Gift Wrapping Products Market

    North America Dominates with 39.7% Market Share in the Gift Wrapping Products Market

    North America holds a significant 39.7% share of the Gift Wrapping Products Market valued at USD 7.86 Bn, supported by a strong retail infrastructure and a deep-rooted culture of gift-giving. This high market share is driven by extensive consumer spending during holidays and special occasions which consistently boost demand for diverse and innovative wrapping solutions.

    Key factors influencing North America’s dominance include high disposable incomes and the presence of major players in the retail sector, both of which ensure a steady supply of and demand for high-quality, creative gift wrapping products. The preference for personalized and premium wrapping options also plays a crucial role in this market segment.

    The regional market dynamics are shaped by North America’s trend-setting consumer base, which influences gift wrapping styles globally. The region’s commitment to sustainability is pushing manufacturers towards eco-friendly materials and practices, setting a standard in the industry.

    Gift Wrapping Products Market Regional Analysis

    Regional Mentions:

    • Europe: Europe holds a strong market presence, driven by a high emphasis on eco-friendly and innovative wrapping solutions. Trends toward sustainability and luxury packaging keep Europe at the forefront of market evolution.
    • Asia Pacific: Rapid urbanization and increasing consumer wealth in the Asia Pacific region fuel the demand for sophisticated and culturally unique gift wrapping products, making it a fast-growing segment in the global market.
    • Middle East & Africa: The Middle East and Africa are experiencing growth in the gift wrapping market, supported by expanding retail sectors and a growing preference for luxury and personalized products.
    • Latin America: Latin America’s gift wrapping market is expanding, with increased demand influenced by rising consumer spending and festive traditions that emphasize the cultural importance of gift-giving.

    Key Regions and Countries covered in the report

    • North America
      • US
      • Canada
    • Europe
      • Germany
      • France
      • The UK
      • Spain
      • Italy
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Australia
      • Rest of APAC
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Rest of MEA

    Competitive Landscape of Gift Wrapping Products Market

    The gift wrapping products market is shaped by a mix of established and emerging players. Leading companies such as American Greetings Corporation, Hallmark Cards, Inc., Papyrus-Recycled Greetings Inc., and Mondi Group have a significant influence.

    American Greetings Corporation stands out for its diverse and vibrant product portfolio. It offers wrapping paper, ribbons, and accessories, emphasizing creative designs for every occasion. Its strong distribution network supports its global reach.

    Hallmark Cards, Inc. is synonymous with quality in the gifting industry. The company focuses on high-end, visually appealing wrapping products. Seasonal offerings and consistent branding strengthen its market position.

    Papyrus-Recycled Greetings Inc. combines premium quality with eco-conscious practices. Its products cater to luxury gifting needs, featuring unique designs and sustainable materials. This approach resonates with environmentally aware consumers.

    Mondi Group plays a crucial role in this market with its sustainable and functional solutions. Known for its paper-based wrapping products, the company supports both industrial and personal use.

    These key players dominate through design innovation, environmental stewardship, and extensive market reach. Their adaptability to changing consumer preferences ensures continued relevance in the gift wrapping products market.

    Major Companies in the Market

    • American Greetings Corporation
    • Hallmark Cards, Inc.
    • Papyrus-Recycled Greetings Inc.
    • Mondi Group
    • Smurfit Kappa Group
    • IG Design Group PLC
    • International Greetings Ltd.
    • Shurtape Technologies, LLC
    • Rifle Paper Co.
    • Hoomark

    Recent Developments

    • Scotch™ Brand: In November 2023, Scotch™ Brand introduced its inaugural Holiday Gifting Suite at the Lotte New York Palace in New York City. This suite offers a cozy environment equipped with a fully stocked wrapping station, including wrapping paper, boxes, bows, and essential supplies like Scotch® Gift-Wrap Tape and Scotch® Box Lock™ Packaging Tape, to assist consumers in wrapping, packing, and shipping gifts during the holiday season.
    • DS Smith: In December 2024, DS Smith, a leader in sustainable fiber-based packaging, highlighted the increasing paper recycling rates in the United States during the holiday gifting season. The American Forest & Paper Association reported that 65-69% of paper available for recovery was recycled in the previous year, marking a nearly 60% increase since 1990. DS Smith’s facility in Reading, Pennsylvania, contributes to this effort by recycling over 36,000 tons of used corrugated cardboard annually, supporting a circular economy.

    Report Scope

    Report Features Description
    Market Value (2023) USD 19.8 Billion
    Forecast Revenue (2033) USD 43.9 Billion
    CAGR (2024-2033) 8.3%
    Base Year for Estimation 2023
    Historic Period 2019-2022
    Forecast Period 2024-2033
    Report Coverage Revenue Forecast, Market Dynamics, Competitive Landscape, Recent Developments
    Segments Covered By Product Type (Wrapping Paper, Gift Bags, Ribbons, Bows, Tapes, Tags and Labels), By Material Type (Paper-based, Plastic-based, Fabric-based, Foil-based), By Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, Convenience Stores)
    Regional Analysis North America – US, Canada; Europe – Germany, France, The UK, Spain, Italy, Rest of Europe; Asia Pacific – China, Japan, South Korea, India, Australia, Singapore, Rest of APAC; Latin America – Brazil, Mexico, Rest of Latin America; Middle East & Africa – South Africa, Saudi Arabia, UAE, Rest of MEA
    Competitive Landscape American Greetings Corporation, Hallmark Cards, Inc., Papyrus-Recycled Greetings Inc., Mondi Group, Smurfit Kappa Group, IG Design Group PLC, International Greetings Ltd., Shurtape Technologies, LLC, Rifle Paper Co., Hoomark
    Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements.
    Purchase Options We have three licenses to opt for: Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF)
    Gift Wrapping Products Market
    Gift Wrapping Products Market
    Published date: Dec 2024
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    • American Greetings Corporation
    • Hallmark Cards, Inc.
    • Papyrus-Recycled Greetings Inc.
    • Mondi Group
    • Smurfit Kappa Group
    • IG Design Group PLC
    • International Greetings Ltd.
    • Shurtape Technologies, LLC
    • Rifle Paper Co.
    • Hoomark
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