Report Code: A12040 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Gift Wrapping Product Market
Request Now !Gifting is considered as a way of expressing joy, gratitude, and happiness toward the other person. Today gifting is not limited to birthdays and festivals; consumers are gifting on anniversaries, farewells, and others. Wrapping of gift perceives an aesthetic value to the product, and increased gifting on different occasions is expected to drive the gift-wrapping product market to new heights. Gift wrapped products have a psychological effect on the receiver as they feel overwhelmed. The gift-wrapping product market will grow in future due to the increase of the population and evolving habits of gifting on different occasions. In the advent of the COVID-19 pandemic, the gift-wrapping products market faced a downfall in demand due to the lockdown enforced by the government. Consumers were restricted from moving outdoors and had shifted their focus and interest towards essential products. It is expected post lockdown, the demand for gift wrapping products will increase as customers will get back to their normal routine.
COVID-19 Impact analysis
Top Impacting Factors
Market Trends
Evolving trend of minimalistic design for packing is growing
Consumers all around the globe are opting for simple designs while gifting or want a simple design on their gift. Loud and vibrant design often attracts a lot of attention and consumers may feel a bit odd. Simple design emphases on essential values and avoid the portrayal of extravagancy. Manufacturing companies are working on the new designs which are simple and that will attract customer to purchase.
Franchising is the prime opportunity to grow the business
Franchising is one of the traditional methods for doing business. Manufacturing companies are going for franchising their business to reach a wide range of consumers and grow their business. Franchising gift wrapping products will also help to research the different needs of consumers all over the world. According to the market requirement, the manufacturing companies should work on the innovation and introduce it to the market.
Customization of gift wrappers is attracting consumers
Customization of gift wrappers according to the customer's requirement is flourishing the demand for the gift wrappers. Consumers are opting to customize the gift wrappers by the addition of memorable pictures, quotes and designs. This trend is booming in the market, forcing the manufacturing industries to work on this concept and meet customer demand. This particular demand may help in boosting the gift-wrapping market. With more development and innovation, the market is expected to outrun its current value.
Key Benefits of the Report
Questions answered in the Report
Gift Wrapping Product Market Report Highlights
Aspects | Details |
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By Packaging Type |
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By Material |
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By Product Type |
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By Distribution Channel |
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By Region |
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Key Market Players | Messe Dusseldorf GmbH, Mondi Group, Shenzhen Tianya Paper Product Co, Ltd., Packlyn Ltd, Shenzhen Fuxiang Gifts & Packaging Co, Ltd., Karl Knauger KG, Ebro Color GmbH, Smurfit Kappa Group, DS Smith Plc, Hallmark Cards, Inc |
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