The Asia Pacific Party Supplies Market would witness market growth of 9.8% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 396.7 million units, showcasing a growth of 9.6% (2019-2022).
People in urban and rural areas use various products, such as balloons, banners, pinatas, games, and others, to decorate their parties and events. An increase in the use of such products and innovative ideas given by the party and event planners is likely to spur the expansion of the market during the forecast period. For instance, banners have gained popularity over the years as they are a great way to celebrate and display excitement. Parties and event planners use these banners to add a special touch to their events or parties.
Banners are generally used to draw attention to parties or events. They are instantly noticeable due to their size, color, and design, which draw people's attention. The key players in the market also offer custom banners where an individual can print messages or photos on them. This offers a true party vibe that helps to keep the party fun. Additionally, manufacturers introduce innovative banners, such as party banner balloons, in the market, which become a trend among customers. This has driven the market demand regarding value sales in the forecast year.
With globalization, Indian businesses are increasingly looking to expand their presence in the market. Trade shows provide a platform for international exposure, attracting foreign companies and facilitating cross-border collaborations. The Indian government admits the significance of trade shows in promoting economic activities and fostering business relationships. Initiatives and policies that support the exhibition industry contribute to the growth and expansion of trade shows. Larger trade shows often feature hospitality suites or lounges where companies can entertain clients, partners, and visitors. These supplies such as table decorations, branded napkins, and party favors may be used to create a welcoming atmosphere. Due to the aforementioned factors the market will drive in this region.
The China market dominated the Asia Pacific Party Supplies Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,549.8 million by 2030. The Japan market is registering a CAGR of 9.1% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 10.5% during (2023 - 2030).
Free Valuable Insights: The Global Party Supplies Market is Predict to reach $23.5 Billion by 2030, at a CAGR of 8.7%
Based on Application, the market is segmented into Domestic Use, and Commercial Use. Based on Distribution Channel, the market is segmented into Supermarket & Hypermarket, Specialized Stores, Convenience Stores, E-commerce, and Others. Based on Product Type, the market is segmented into Tableware & Disposables, Home Décor, Balloons, Banners, Take Away Gifts, Pinatas, Games, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Application (Volume, Million Units, USD Billion, 2019-2030)
By Distribution Channel (Volume, Million Units, USD Billion, 2019-2030)
By Product Type (Volume, Million Units, USD Billion, 2019-2030)
By Country (Volume, Million Units, USD Billion, 2019-2030)
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