The global gift wrapping market is driven by increased spending by consumers on gifts and increased product offerings in the market. Many people enjoy choosing gift paper with a bit more design, and numerous designs exist that are themed. Gift wrapping originates from the western world; the tradition is now adopted worldwide to surprise the receiver. Consumers are increasingly exchanging presents on numerous occasions such as wedding anniversaries, birthday parties, graduation parties, festivals, and house-warming parties. This is projected to increase consumer spending on gift items. Some shops offer complimentary gift wrapping on purchased. Now, online stores also provide an option to gift wrap purchased products, projected to amplify the global gift wrapping market's growth.
The major players in the gift wrapping market include Deufol AG, Smurfit Kappa Group Plc., Graphic Packaging Holding Company, Stora Enso Oyj, Nippon Paper Group, Inc., KapStone Paper and Packaging Corporation, Mondi Group Plc., International Paper Company, Oji Paper Co., Ltd., DS Smith Plc.
The entire gift wrapping market has been sub-categorized into raw material and product type. current and future demand for gift wrapping market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
By Raw Material
- Paper & Paperboard
- Plastic
- Other
By Product Type
- Wrapping Paper
- Ribbons
- Film & Foils
- Decorative Boxes
- Pouches
- Bags
- Other
Source: https://www.valuemarketresearch.com/report/gift-wrapping-market
Naira Shekhawat has been into Content Writing just after completing her Graduation in English Literature. Her love for words has won her many accolades in her respective jobs ever since. Naira covers business sections for VMR News. She is a traveller by heart and loves writing on food blogs as a freelancer.