Introduction to the gift card holders Market
The gift card industry is a seemingly niche market, driven mostly by innovations in custom solutions. However, the gift card market has been registering steady growth for the last couple of decades. A quick look at market research reports available in the public domain predict the market to reach nearly US$ 700 Bn, by the end of 2024. Although the numbers seem unlikely and exaggerated, one thing is certain – the gift card market is expected to continue growing at a steady pace during the forecast period. The global gift card holders market is expected to grow on the backdrop of change in consumer spending and shopping habits. Gift card holders are designed to impart a fresh and attractive appearance, while offering the flexibility of customization. Manufacturers in the gift card holders market compete in terms of their custom offerings, and this is expected to ensure a high level of competition in the market. The outlook for growth of the global gift card holders market is therefore expected to remain positive during the forecast period.
The Dynamics of Gift Card Holders Market
The rapid growth of modern retail and ecommerce portals is expected to be the key driver for growth of the gift cards market, which in turn will propel demand for gift card holders. Furthermore, large retail chains such as Walmart are also expected to be significantly influential. Manufacturers of gift card holders are expected to focus more on their bespoke offerings to cater to changing habits and consumer spending capabilities. The developing countries in the Asia Pacific region are expected to be key growth contributors to the global gift card holders market. Manufacturers of gift card holders are expected to tap into the lucrative opportunities created by the ecommerce sector. In addition, the use of gift cards is not only limited to consumers, but it also booming in the corporate sector. Gift card holders are used regularly by gift card providers for brand advertising. Brand advertising has been proved to be a key component of success for companies operating in the modern market scenario. Therefore, manufacturers of gift card holders are expected to look for options such as embossing and high-quality printability to cater to branding requirements of companies. Furthermore, sales of gift card holders increase during festive occasions and it is this opportunity that brands are expected to exclusively target.
For More Info | Download PDF Brochure, Click Here: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=66023
Gift Card Holders Market: Regional Outlook
Developing countries in the Asia Pacific region are expected to witness growth in demand for gift card holders at a healthy CAGR. However, it is the North America and Europe markets which are expected to dominate the global gift card holders market in terms of value generated, during the forecast period. This is attributed to the sheer size of the retail and ecommerce sector in the regions. Growth in penetration of ecommerce in the Asia Pacific countries is expected to speed up growth in usage of gift card holders. The process is expected to be slow at first but will eventually gain traction as gift cards become more commonplace in countries in the region.
Gift Card Holders Market: Segmentation
The defined scope for the gift card holders market is as below –
By material, the global gift card holders market is segmented as –
- Metal
- Plastic
- Leather
- Fibres
By locking mechanism, the global gift card holders market is segmented as –
- Clasps
- Magnets
By sales channel, the global gift card holders market is segmented as –
- Indirect Sales
- Retailers
- Wholesale
- Direct Sales
Gift Card Holders Market: Key Players
The global gift card holders market is fragmented in nature with a large number of small-scale manufacturers. Some of the key players operating in the global gift card holders market include –
- Gold Valley Industrial Limited
- Prestar Packaging, Inc.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Customization of the Report: This report can be customized as per your needs for additional data or countries. – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=66023
Regional analysis includes –
- North America
- Latin America
- Europe
- Middle East and Africa (MEA)
- East Asia
- South Asia
- Oceania
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector – such as heavy engineering equipment, pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports thrive to provide clients to serve their overall research requirement.
U.S. Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
Website: https://www.transparencymarketresearch.com
