Wedding Finance

Global Trend: The global party supplies market will experience substantial growth owing to the increasing demand for party supplies across the globe [246-Pages]

The global party supplies market is expected to witness notable growth during the period 2021-2028. The increasing frequency of festive events across the world is driving the growth of the market. E-commerce sub-segment, home sub-segment and tableware / disposable sub-segment are expected to dominate the market. The North American market should be at the forefront.

New York, United States, November 23, 2021 (GLOBE NEWSWIRE) – A new report on the global party supplies market was added by Research Dive to its repository. According to the report, the global market is expected to reach $ 21,352.9 million through 2028, amounting to a 8.2% CAGR of 2021 to 2028. This report constitutes an in-depth study offering a meticulous overview of the current status and future scope of the global industry. The report is written by expert market analysts and guarantees to be a reliable source of comprehensive market data and information for emerging market players, investors, predominant players, stakeholders, shareholders etc.

Factors Affecting Market Growth:

The key factor driving the growth of the global party supplies market is the increasing adoption of event management services, which increases the demand for attractive party materials, including banners, lights, party masks, candles, hats and the like. In addition, the availability of a variety of party supplies from many party supply manufacturers on various e-commerce platforms at a reasonable price is expected to open the door to profitable opportunities for market growth throughout the market. forecast period. However, increasing environmental pollution due to the increasing use of non-biodegradable materials in party supplies is expected to hamper the market growth.

Access Sample Party Supplies Market PDF Report Here! @ https://www.researchdive.com/download-sample/8404

Impact of the COVID-19 pandemic on the market

The global market has seen deterioration in growth due to restrictions on social gatherings during the pandemic period lockdown. Therefore, events such as weddings, parties, concerts, festivals and the like have been postponed or canceled during the pandemic period to prevent the spread of the virus. Additionally, parties in the party supplies industry have shut down their manufacturing processes as the demand for party supplies has dropped significantly during the pandemic, which is hampering the growth of the market.

The report segments the global party supplies market into product type, end use, distribution channel, and region.

Tableware / Disposables sub-segment to dominate the market

The tableware / disposables sub-segment of the Product Types segment is expected to experience significant growth and bring in $ 2,762.7 million during the forecast period. This is mainly due to the increasing demand for products such as plates, disposable cups, tablecloths, paper napkins and the like at festive events.

Find out the impact of COVID-19 on the Party Supplies market. Click here to schedule a call to speak to our expert analyst for Triangulating with your own data @ https://www.researchdive.com/connect-to-analyst/8404

The domestic sub-segment is expected to see rapid growth

The domestic sub-segment of the end-use segment is expected to witness rapid growth and overtake $ 17,779.4 million over the forecast period. This is mainly due to the growing trend of birthday parties, pre-wedding photoshoots, bachelorette parties, house parties, pre-birthday celebrations, baby showers and other events. .

The e-commerce sub-segment will experience significant growth

The e-commerce sub-segment of the distribution channels segment is expected to experience further growth raising $ 4,231.4 million during the forecast period. This is mainly due to the growing adoption of e-commerce platforms for purchasing party favors, due to their fast buying process.

The North American market will see the most important growth

The report analyzes the global party supplies market across several regions such as North America, Europe, Asia-Pacific, and LAMEA. Among these, the North America region market is expected to witness remarkable growth to reach $ 6,184.1 million during the forecast period. The growth of this regional market is mainly due to the increasing demand for party supplies due to the increasing frequency of celebrations and numerous events in this region.

Request Customization of Party Supplies Market Report and Get 10% Discount on this Report @ https://www.researchdive.com/request-for-customization/8404

Key market players

The report lists some of the major players operating in the global party supplies industry including

  1. American Greetings Corporation

  2. Trademark License, LLC.

  3. Shutterfly, Inc.

  4. Handcrafted designs

  5. Martha Stewart Living Omnimedia, Inc.

  6. Unique Industries, Inc.

  7. Party City Holdco Inc.

  8. Oriental Trade Company (OTC)

  9. Pioneer in the world

  10. Chinet, and others.

The report also offers several cutting edge tactics and approaches such as key strategic moves and developments, product / service range, business performance, Porter’s five forces analysis, and SWOT analysis of major players operating in the market. global industry. For example, in June 2021, Glasshouse Fragrances, Australia’s leading manufacturers of high-quality scented products, launched a new line of bakery candles inspired by the sweet scent of popular sweet dishes.

Besides, the report contains detailed information of major business manufacturers such as SWOT Analysis, Product Portfolio, Financial Status – Learn to Access the Detailed Top Companies Development Strategy Report.

Links related to the article:

CONTACT: Contact: Mr. Abhishek Paliwal Research Dive 30 Wall St. 8th Floor, New York NY 10005 (P) +91-(788)-802-9103 (India) +1-(917)-444-1262 (US) Toll Free: 1-888-961-4454 E-mail: [email protected] Website: https://www.researchdive.com Blog: https://www.researchdive.com/blog/ LinkedIn: https://www.linkedin.com/company/research-dive/ Twitter: https://twitter.com/ResearchDive Facebook: https://www.facebook.com/Research-Dive-1385542314927521