Rising Focus on Innovative Packaging to Drive Global Gift Packaging Market

Rising Focus on Innovative Packaging to Drive Global Gift Packaging Market

The rising trend of gifting has supported the growth of the gift packaging market across the globe in the last few years. The changing lifestyle of consumers, along with their spending capacity are projected to support the growth of the market in the coming few years. Thanks to these, the global gift packaging market is estimated to register a healthy growth rate in the next few years.

The rapid development of the e-commerce sector is one of the major factors estimated to enhance the growth of the global gift packaging market in the near future. The rising exposure to global trends and the increasing number of gifting occasions are some of the other factors that are predicted to accelerate the growth of the overall market in the next few years. In addition to this, the growing focus of the key players on innovations is projected to accelerate the market growth in the coming few years.

Among the key regional segments, Asia Pacific is expected to account for a large share of the global gift packaging market in the next few years. The rising disposable income of consumers and the increasing contribution from India and China are estimated to accelerate the growth of the overall market in the coming few years. In addition to this, the rise in the GDP and the rising lucrative opportunities are likely to enhance the growth of the Asia Pacific market in the coming years.

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The global gift packaging market is extremely competitive in nature and is predicted to witness an intense level of competition among the key players in the next few years. The key players are emphasizing on the expansion of the product portfolio and innovations, which is expected to enhance the growth of the market in the near future. Some of the key players operating in the gift packaging market across the globe are Ebro Color GmbH, Packlyn Ltd, Smurfit kappa Group, Interpak, and Shenzhen Fuxiang Gifts & Packaging Co. Ltd.