Global Gift Boxes Market Overview, 2024-29

Market Dynamic

Market Drivers • Seasonal and Festive Demand: The global gift box market sees a surge in demand during festive seasons such as Christmas, New Year's, Valentine’s Day, and other regional holidays. These occasions drive large-scale consumer spending on gift packaging. Companies create special seasonal collections with festive themes, tapping into the tradition of gift-giving. As celebrations become more globalized, the demand for creatively designed and themed gift boxes rises, boosting market growth during peak seasons. • Rising Popularity of Corporate Gifting: Many companies use gift boxes for corporate gifting, offering customized packages for clients, employees, and partners. The growing trend of corporate social events, product launches, and holiday gifting boosts the demand for premium and branded gift boxes. The corporate sector is increasingly investing in high-quality packaging to enhance brand image, making this segment a significant driver of the gift box market. Market Challenges • Environmental Concerns and Regulations: With growing environmental awareness, non-recyclable and non-biodegradable packaging is facing scrutiny. Many countries are imposing strict regulations on single-use plastics and other materials. This creates a challenge for manufacturers reliant on non-sustainable materials, who must either innovate or risk losing market share. Compliance with new environmental laws increases production costs, requiring the industry to invest in eco-friendly alternatives. • Supply Chain Disruptions: The gift box industry is vulnerable to supply chain issues, particularly in sourcing raw materials like paper, cardboard, and decorative accessories. Global events, trade restrictions, and logistical disruptions can create bottlenecks, leading to production delays and increased costs. These interruptions affect the timely delivery of products, especially during peak seasons, straining the ability of manufacturers to meet consumer demand efficiently. Market Trends • Rise of Luxury Gift Boxes: As consumers seek unique and memorable gifting experiences, there is a growing trend toward luxury gift packaging. Premium gift boxes featuring high-end materials like velvet, leather, and metal embellishments are gaining popularity, especially for high-value gifts in sectors such as jewelry, cosmetics, and electronics. Luxury brands are focusing on packaging as an extension of their identity, adding elements of sophistication and exclusivity. • Innovative Packaging Designs: Gift box designs are becoming increasingly innovative, integrating interactive elements like pop-ups, hidden compartments, or multi-functional packaging. Manufacturers are experimenting with bold, eye-catching designs, such as holographic prints, artistic illustrations, and embossed logos, which elevate the aesthetic appeal. Consumers are drawn to packaging that enhances the unboxing experience, pushing brands to continuously innovate in design to stand out in a competitive market.

Key Development

• It is a collaboration deal signed between Xiaomi and Qualcomm for Chinese New Year in January 2022. The gift box released in collaboration is technically known as "Xiaomi 12 Years Shopping Festival Selection Gift Box." You will find there the Xiaomi 12 special red protective case and a sparkling Snapdragon 8 Gen 1 commemorative memento. The box is engraved with the year, 2022, and a tiger head instead of the zero for the Year of the Tiger. • Brooklyn Delhi Unveiled a New Gift Box in March 2022 for the holidays. For the modern kitchen, Brooklyn Delhi offers a full range of high-quality Indian pantry staples that include condiments such as the new Curry Mustard and Spicy Mango Chutney, as well as simmer sauces like Golden Coconut Curry and Tikka Masala. All Brooklyn Delhi products are made with high-quality organic ingredients that are plant-based. • A custom packaging and gift box line was launched by Chameleon Like in October 2019 with a large collection of 200 stock styles of gift boxes to meet the various dropship services in Houston. • In 2020, IG Design Group PLC completed the acquisition of CSS Industries, Inc. With this acquisition, the product lineup in the company's portfolio is likely to be bigger and more diverse and enable it to gain a foothold in the United States craft market as well as access many new channels and markets. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Gift boxes market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Raw Material • Paper • Plastic • Others By End-user • Consumer Goods • Food & Beverages • Electronic Devices • Cosmetics and Personal Care Products By Product Type • Slide Sleeve • Telescopic • Others The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Gift boxes industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.