Gift Packaging Market Analysis

The Global Gift Packaging Market is estimated to be valued at USD 25.4 Bn in 2024 and is expected to reach USD 38.9 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031. The market has been experiencing consistent growth over the past few years and this trend is expected to continue over the forecast period supported by increasing sales during festive seasons and occasions across the world. There has been a rise in demand for sustainable and eco-friendly packaging in the market. Players are focusing on developing packaging from recyclable or biodegradable materials like paper and paperboards to cater to the growing environmental concerns of consumers. Innovation in packaging designs and addition of value-added features like embossing, ribbon embellishments are also fueling the sales. Increased online shopping has further boosted the demand for elegant and secure packaging solutions for gift items.