The Global Party Balloons Market is considered to grow at a significant CAGR of 5.25% during the forecast period.
Party Balloon Market Overview:
Party balloons are airtight bags that can be inflated using the most common gas and are used for decoration many times around the world. They come in all colors, shapes, and sizes and are attractive for all ages, from children to adults. It is also used for marketing and advertising purposes as it can provide a unique perspective. Growing party events across the globe and the rising disposable income of the general population will further boost the potential of the party balloon market in the future.
Changing consumer trends and increasing spending power on a global scale will provide new opportunities for party balloon manufacturers in the coming years. They can use these opportunities to further strengthen their products and increase their revenue-generating potential. However, the party balloon market may be constrained by competitive pricing in the local market, which may slow the global party balloon market's ability to generate revenue.
Party Balloon market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Party Balloon market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.
Key Market Updates:
- Dollar Tree, Inc. (NASDAQ: DLTR) recently announced plans to hire more than 25,000 people for its Dollar Tree and Family Dollar stores and the company's US distribution centers during its fifth annual Nationwide Hiring Event.
Major Segments Covered in the Global Party Balloon Market:
Market Key Players:
Latex Occidental, CTI Industries, BELBAL, Pioneer Balloon, Sempertex, Gemar Balloons, Amscan, Colour Way, Xingcheng, Maple City Rubber, Rubek Balloons, Balonevi, Tailloon, York Impex, Hengli Latex Products, BK Latex, Tongle Latex Products, Guohua Latex Products, Xiong County Shaohua Latex Products, Jaya Latexindo Internusa, and Others.
Party Balloon Market by Types:
- Latex Party Balloon
- Foil Party Balloon
- Less than 15
- Between 15 and 30
- More than 30
Party Balloon Market by Applications:
- Specialty Stores
- Retail Shops
Party Balloon Market by Regions:
The report estimates revenue growth at the worldwide, regional, and country levels and delivers an analysis of the recent industry trends in each sub-segment from 2017 to 2030. Asia Pacific is expected to emerge as the most lucrative region for the party balloon market during the forecast period. Evolving corporate culture and the growing disposable income of the population are expected to be major factors favoring the demand for party balloons in the region. A growing number of celebrations in the corporate world and changing consumer preferences will drive the party balloon market growth in the long run as the number of local celebrations in the corporate world increases.
The North American party balloon market is estimated to hold a significant market share in the global market environment. Higher use of party balloons in different events and event decorations in the region will significantly boost the party balloon market growth during the forecast period. Europe will also hold a significant market share in the global party balloon market environment.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Significant Market Dynamics:
Celebrating festivals is an important aspect of human society and balloons are heavily used for decoration. Additionally, balloons have become a major decorative element in Western (European and North American) societies. Party balloons are cost-effective and can be used in creative ways depending on the occasion. Birthdays, weddings, and anniversaries are common occasions across the globe and account for a major share of the global party balloons market. The culture of celebrating such occasions in both developing and developed countries is driving the party balloon market.
The global demand for environmentally friendly balloons has been increasing; thus, manufacturers are focusing on developing clean latex balloons that are not treated with harmful chemicals. Many manufacturers have started producing 100% latex balloons, which they claim are biodegradable and environmentally friendly. This is likely to increase the demand for party balloons and is expected to create significant opportunities for manufacturers and distributors during the forecast period.
The COVID-19 pandemic has led to restrictions on social gatherings in most countries, which may significantly reduce the market demand for balloons. Demand is expected to remain subdued for several months in 2020 and 2021.
Many environmentalists believe that balloons are a source of environmental pollution. Also, when balloons end up floating in waterways, animals often mistake them for colorful prey, such as jellyfish, and eat them. This factor is also expected to hamper the growth of the party balloons market during the forecast period.
Report Scope of Global Party Balloon Market:
Points Covered in the Report
- The points that are discussed within the report are the major market players that are involved in the Market such as Market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
- The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.
- The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
- Data and information by market player, region, type, application and etc., and custom research can be added according to specific requirements.
- The report contains a SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Frequently Asked Questions-
What is the CAGR of Party Balloon market?
The Party Balloon Market is growing at a CAGR of 5.25% During the Forecast Period.
What are the key types and applications of the Party Balloon market?
- By Product (Latex Party Balloon, Foil Party Balloon), By Type (Printed, Non-printed), By Size (Less than 15, Between 15 and 30, More than 30)
- Commercial, Residential, Others
Who are the key players in the Party Balloon market?
Latex Occidental, CTI Industries, BELBAL, Pioneer Balloon, Sempertex, Gemar Balloons, Amscan, Colour Way, Xingcheng, Maple City Rubber, Rubek Balloons, Balonevi, Tailloon, York Impex, Hengli Latex Products, BK Latex, Tongle Latex Products, Guohua Latex Pr, And others.
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Note – In order to provide a more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19 and the Russia-Ukraine war.