Global Party Balloon Market Share Is Likely To Reach At A CAGR Value Of Around 4.8% By 2028

26-Jul-2022 | Facts and Factors

According to Facts and Factors, the global party balloon market size was valued at USD 1,482.8 million in 2021 and is predicted to increase at a CAGR of 4.8% to USD 1,964.4 million by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.

Changing consumer preferences and rising disposable income among the general population are expected to be prominent trends influencing the party balloon market growth in the forecast period. Party balloons are used to decorate for occasions such as birthdays, weddings, events, and corporate parties and since the trend of celebration has increased across the world it will propel the party balloon market potential. Developed economies will be a high potential market for party balloon over the forecast period and emerging economies will give rise to new opportunities and hence favor party balloon market growth over the coming years.

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Browse the full “Party Balloon Market Size, Share, Growth Analysis Report By Type (Printed, Non-printed), By Product (Latex Party Balloon, Foil Party Balloon), By Size (Less than 15”, Between 15” and 30”, More than 30), By Application (Commercial, Residential, Others), By Distribution Channels (Online, Offline, Supermarkets, Hypermarkets, Specialty Stores, Retail Shops), and By Region - Global Industry Insights, Comparative Analysis, Trends, Statistical Research, Market Intelligence, and Forecast 2022 – 2028" report at https://www.fnfresearch.com/party-balloon-market

Rising disposable income and changing consumer trends on a global scale are expected to prominently provide new opportunities for party balloon manufacturers. The increasing trend of sustainability is also expected to provide new opportunities for party balloon vendors and suppliers. However, competitive pricing in local markets will continue to hamper the global party balloon market potential in the years to come.

Segmental Overview

In terms of product, the party balloon market is further segmented into latex part balloons and foil party balloons. Of these the latex part balloons segment is projected to see high growth over the forecast period and will be majorly driven by rising demand for eco-friendly products across the world. Increasing focus on sustainability and rising production of latex balloons will further bolster growth in this segment through 2028

In terms of applications, the commercial segment is expected to hold a dominant outlook and will be a major driver for party balloon market growth through 2028. Changing corporate culture and rising demand for decorations in the corporate sector is also expected to boost demand in the corporate sector.

Regional Overview

The Asia Pacific party balloon market is expected to lead the global party balloon industry and is anticipated to account for a major market share over the forecast period. The presence of a huge consumer base and changing trends of celebration in this region are prime factors that influence the party balloon market growth on a massive scale. The low cost of manufacturing and presence of multiple manufacturers favors the party balloon market potential in this region and will drive growth. However, the party balloon market is unorganized in this region and this could potentially slow down the party balloon market growth. Changing the corporate culture will also guide the party balloon market growth in this region over the coming years.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 1482.8 Million

Projected Market Size in 2028

USD 1,964.4 Million

CAGR Growth Rate

4.8% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Amscan Inc., Balonevi, Belbal, Buttericks Leco AB, CTI Industries, Folat B.V., Galaxy Balloon Inc., Gemar Srl, HI-FLOAT, Lufi Expressz, Maple City Rubber, Melloc Handelsgesellschaft und Agentur GmbH, and Others

Key Segment

By Type, Product, Size, Application, Distribution Channels, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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Competitive Landscape

The report contains qualitative and quantitative research on the global Party balloon Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.

Some of the major companies operating in the party balloons market are Amscan Inc., Balonevi, Belbal, Buttericks Leco AB, CTI Industries, Folat B.V., Galaxy Balloon Inc., Gemar Srl, HI-FLOAT, Lufi Expressz, Maple City Rubber, Melloc Handelsgesellschaft und Agentur GmbH, and others.

The Global Party Balloons Market is segmented as follows:

By Type

  • Printed
  • Non-printed

By Product

  • Latex Party Balloon
  • Foil Party Balloon

By Size 

  • Less than 15”
  • Between 15” and 30”
  • More than 30

By Application

  • Commercial
  • Residential
  • Others

By Distribution Channels

  • Online
  • Offline
  • Supermarkets
  • Hypermarkets
  • Specialty Stores
  • Retail Shops

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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