According to a new report, published by KBV research, The Global Greeting Cards Market size is expected to reach $21.5 billion by 2030, rising at a market growth of 1.6% CAGR during the forecast period.
The Traditional Card segment is leading the Global Greeting Cards Market by Type in 2022 thereby, achieving a market value of $16.1 Billion by 2030. Traditional greeting cards hold a sentimental value that digital communication often cannot replicate. The tactile experience of holding a physical card, the personal handwritten message, and the effort put into selecting and sending a traditional card continue to be highly cherished by many. For significant events and milestones such as birthdays, weddings, anniversaries, and holidays, traditional cards are often preferred. The personal touch conveyed through selecting, writing, and sending a physical card remains an integral part of celebrating these occasions. These aspects will boost the demand in the segment.
The Online market would display a CAGR of 1.7% during (2023 - 2030). Online greeting card platforms offer unparalleled convenience. Consumers can browse, select, personalize, and send cards from the comfort of their homes or on-the-go through computers, smartphones, or tablets. This accessibility has attracted a larger audience, including those with limited time for in-store shopping. Online platforms provide various greeting card options, from traditional designs to niche or specialized cards catering to various occasions, themes, and diverse demographics. These platforms often offer customization tools that allow users to personalize cards with their own messages, photos, and designs. As a result, the demand in the segment will rise in the coming years.
The North America region dominated the Global Greeting Cards Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $8 Billion by 2030. The Europe market is anticipated to grow at a CAGR of 1.5% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 1.9% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/greeting-cards-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of American Greeting Corporation (Clayton, Dubilier & Rice LLC), Avanti Press Inc., Card Factory plc (Charterhouse Capital Partners), Herbert Walkers, Galison Publishing LLC (The McEvoy Group, LLC), Hallmark Cards, Inc. IG Design Group Plc, Archies Limited, and Crane & Co. (Mohawk Fine Papers Inc.).
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