The Latin America, Middle East and Africa Party Supplies Market would witness market growth of 12.6% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 242.9 million units, showcasing a growth of 14.0% (2023-2030).
Non-biodegradable supplies, such as plastic cups & plates, flimsy favors, balloons, and others, may add to a waste-generating mix that can negatively impact the environment, such as water pollution. In addition, environment-conscious customers do not prefer these non-biodegradable supplies, which hampers the demand for these supplies. Therefore, this is expected to hamper the growth of the market in terms of volume sales during the forecast period.
The leading brands produce supplies for birthdays, graduations, anniversaries, Christmas, Halloween, and others. In addition, expanding distribution channels, such as online stores, supermarkets, hypermarkets, specialized stores, and others, has made these supplies easily available to customers, thereby contributing to the market growth. Online shopping is more suitable than physical shopping as consumers can find anything easily in online stores without being physically present.
According to UAE Stat, the total disposable income in UAE was 1,100,319 AED in 2020. Growing disposable income often leads to a willingness to invest in premium event venues. This, in turn, can drive demand for high-end supplies that complement the luxury and aesthetics of upscale venues in the UAE. Additionally, the International Trade Administration projects that the number of Saudi internet users engaged in e-commerce (purchasing and selling) will increase by 42 percent from 2019 to 2024, reaching 33.6 million. Saudi Arabia has the world's greatest smartphone penetration rate (97 percent). The convenience of online shopping for these supplies aligns with the rise of virtual events and celebrations. As individuals and businesses host online gatherings, the demand for digital or easily accessible supplies increases. Thus, the above aspects will expand the market growth across the region in the upcoming years.
The Brazil market dominated the LAMEA Party Supplies Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $628.3 million by 2030. The Argentina market is showcasing a CAGR of 13.8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 12.3% during (2023 - 2030).
Free Valuable Insights: The Worldwide Party Supplies Market is Projected to reach USD 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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