The global party supplies market size reached a value of US$ 12.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 19.8 Billion by 2027 exhibiting a CAGR of 8.10% during 2022-2027.
Party supplies refer to the various items and accessories that are essential to organize parties or related events. They include balloons, tableware, candles, tents, party invitations, umbrellas, banners, games, home decor, cards, etc. Party supplies are widely used according to the party theme for planning and conducting numerous events, such as birthdays, anniversaries, farewells, etc. They come in several designs, colors, types, styles, etc., and are extensively available via various distribution channels, including supermarkets, hypermarkets, convenience stores, online stores, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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|Base Year: 2021|
|Forecast Year: 2022-2027|
Party Supplies Market Trends and Drivers:
The escalating demand for event management and wedding planning services is among the primary factors driving the party supplies market. In line with this, the emerging trend of theme parties is further catalyzing the market growth.
Moreover, the expanding focus on celebrating numerous special events, including weddings and engagement ceremonies, in a unique manner, on account of the elevating penetration of the internet and social media platforms, is acting as another significant growth-inducing factor.
Besides this, the easy availability of party supplies via online stores at discounted rates and the growing e-commerce sector are also positively influencing the global market. Apart from this, the rising levels of urbanization, the inflating incomes of consumers, and the increasing number of professional event planners are expected to stimulate the party supplies market over the forecasted period.
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.Global Party Supplies Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
American Greetings Corporation, ArtisanoDesigns, Hallmark Cards Inc., Huhtamäki Oyj, Martha Stewart Living Omnimedia Inc. (Marquee Brands), MyBirthdaySupplies.in, Oriental Trading Company (Berkshire Hathaway Inc.), Party City Holdco Inc., Pioneer Worldwide, Shutterfly LLC and Unique Industries Inc.
The report has segmented the market on the basis of region, product type, application and distribution channel.
Breakup by Product Type:
- Home Decor
Breakup by Application:
- Commercial Use
- Domestic Use
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialized Stores
- Online Stores
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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