The global gift box market was worth around $1.6 billion in 2022. It is predicted to grow to around $2.6 billion by 2030 with a 6.5% compound annual growth rate between 2023 and 2030. The growing popularity of e-commerce and demand for customized gift boxes are significant drivers of the market. Sustainability is also a factor, with gift boxes made of recyclable paper and paperboard gaining traction.
Regional Trends and Market Growth
In the Asia Pacific, China is expected to be the largest market for gift boxes due to increasing demand for aesthetic and convenient packaging. The Middle East and Africa are also expected to see above-average growth over 2017-2025 as per capita incomes rise, influencing demand for luxury packaging like gift boxes.
Buying Gift Boxes
- Retail stores provide different sizes and colors of gift boxes.
- Craft stores offer materials for creating unique personalized boxes.
- Custom packaging companies provide high-quality customized options.
Factors Driving Market Growth
- Consider size, shape, style, and purpose when selecting gift boxes.
- Introduction of special gift boxes during festivals and occasions further drives demand.
Profitability of Selling Gift Boxes
Is selling gift boxes profitable?