Gift wrapping paper is a decorative or kraft paper used primarily to enhance the aesthetic value of gifts . The gift wrapping market is finding impressive opportunities due to increased personal consumption and increased use of eye-catching products at reasonable prices. Increasing environmental concerns about the use of plastic packaging products are further boosting the wrapping paper market around the world. Increased spending on luxury gift products such as perfumes and apparel has created significant demand for gift wrapping paper , especially in emerging economies in the Asia Pacific region .
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Global Gift Wrap Market: Dynamics E-Commerce
Increasing Penetration In the world of gifts, it has emerged as an important factor in stimulating the demand for gift wrapping paper. Multinational e-commerce facilities such as Amazon, Alibaba and Snapdeal are primarily expected to drive demand for gift wrapping paper. According to an independent study, the majority of the demand for gift wrapping comes from Christmas and Halloween and is celebrated primarily in Western countries. Most companies focus primarily on offering customized products and expanding their product portfolio, keeping in mind the festive season to seduce consumers to buy products.
Despite the positive outlook, there are certain factors that can impede the global gift wrapping market. Growing concerns about the large amount of waste generated by the use of disposable gift wrapping paper is a major impediment to the growth of the global gift wrapping paper market during the forecast period.
Global Gift Wrapping Paper Market: Regional Outlook
The global gift wrapping paper markets are Latin America, North America, Eastern Europe, Western Europe, Middle East, Africa (MEA), Asia Pacific (APEJ) excluding Japan, and Japan.
North America and Europe are currently the largest markets for gift wrapping paper due to their high per capita income and high standard of living compared to other parts of the world. In addition, most of the multinational pulp and paper mills are well established in the region. However, in terms of growth, the Asia Pacific region is expected to be the most profitable market for gift wrapping paper. With rising disposable income and rising consumer spending in emerging economies of China and India, the region’s gift wrapping market is expected to grow by double digits during the forecast period. However, due to the economic slowdown in countries such as Brazil, Chile and Venezuela over the past decade,
Finally, to summarize the regional scenarios above, the gift wrapping market is projected to grow at a healthy CAGR over the forecast period.
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Global Gift Wrap Market: Key Player
Currently, the global gift wrapping paper market is:
- Mondi GroupPlc。
- International Paper Company
- Oji Paper Co., Ltd.
- DS Smith Plc
- Deufol AG
- Smurfit Kappa Group Plc.
- Graphic Packaging Holding Company
- Stora Enso Oyj
- Nippon Paper Group Headquarters
- KapStone Paper and Packaging Corporation
- SCA Packaging Co., Ltd.
- Glyph Paper and Film Co., Ltd.
- Gascogne SA
- Japan Pulp and Paper Company
- Rengo Co., Ltd.
- Sequana S.A.
- Boxes Prestige Ltd.
The Gift Wrapping Report summarizes direct information, qualitative and quantitative assessments by industry analysts, and input from industry experts and participants throughout the value chain. The Gift Wrapping Paper Report provides a detailed analysis of parent market trends, macroeconomic indicators, and controlling factors, as well as market attractiveness by segment. The Gift Wrapping Report also shows the qualitative impact of various market factors on market segments and regions.
Global Gift Wrapping Paper Market: Regional Analysis
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific (APEJ) excluding Japan
- Middle East and Africa (MEA)
Global Gift Wrapping Paper Market: Segmentation
The global gift wrapping paper market can be segmented based on: Of printing technology, material type, and packaging type.
The global gift wrapping paper market can be categorized as follows based on printing technology.
[*] Offset printing
[*] Digital printing
[*] Inkjet printing
[*] Zerography / electrophotographic printing
[*] Flex graphic printing
[*] Screen printing
[*] Rotogravure printing
The global gift wrapping paper market can be categorized as follows based on the type of material:
[*] Craft Gift Wrapping Paper
[*] Recycled Gift Wrapping Paper [*] Bleached Gift
[*] Unbleached Gift Wrapping Paper
The global gift wrapping paper market can be categorized as follows based on the type of wrapping.