Global Party Supplies Market – Industry Trends and Forecast to 2029

Global Party Supplies Market, By Product (Balloons, Banners, Pinatas, Games, Tableware/Disposables, Home Décor, Take Away Gifts, Others), Application (Commercial Use, Domestic Use), Distribution Channel (Supermarket or Hypermarket, E-Commerce, Convenience Store, Specialized Store, Others) – Industry Trends and Forecast to 2029.

Party Supplies Market Analysis and Size

Party supplies are specialty products which include everything from tableware to banners and balloons. Technological advancements, product innovations among the market players, along with expansion of business to attract new customers are expected to drive the growth of the party supplies market. Moreover, the mounting demand for wedding planning services and event management represent one of the major factors which drive the market. Also, growing trend of theme parties overall the globe is propelling the demand of party supplies in the market.

Global party supplies market was valued at USD 15,121.75 million in 2021 and is expected to reach USD 30800.90 million by 2029, registering a CAGR of 9.30% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.

Party Supplies Market Scope and Segmentation

Market Definition

Party supplies are important products and accessories which requires to organize event or party. These party supplies normally include banners, pinatas, games, cards, home decor, party invitations, balloons, tableware, umbrellas, candles, tents, and others. It is important to find party supplies which work together to make a common theme. Party supplies can be matched by motif and color which has designed to fit the venue of the party or event.

Party Supplies Market Dynamics

Drivers

• Increasing trend of theme based party

Theme-based party decoration is a popular trend in the party supplies market globally. This trend is expected to promote the huge demand for party supplies in the forecast period. Theme-based parties need specialty party supplies customized according to the demand of party organizers which are expected to drive the market's growth rate.

• Increasing demand of millennial consumers

 In recent years, the number of professional event planners has augmented significantly to deal with evolving needs of millennial consumers which are expected to drive the growth of the party supplies market.

• Rapid modernization of lifestyle

Parents in the modern economy are expected to spend more money on their kid’s birthday parties. For instance, a recent survey, BabyCenter poll reveals that in the U.K. 25% of parents spend between US$ 200 to US$ 500 on their baby’s first birthday function. 

Opportunities

• High investment on ecofriendly party supply

The major market players which are operating in the party supplies market are highly investing in environment friendly party supplies such as decoration products and plastic free tableware.

Moreover, companies are adopting digital business operations and e-commerce platforms to reach untapped markets. Also, the collaboration with major event planning companies is the key business strategy of established brands, which will create beneficial opportunities for market growth.

Restraints/Challenges

• Environmental Impact associated with the use of non-biodegradable party supplies

The use of non-biodegradable party supplies in the event and functions such as plates, balloons, plastic ribbons, cups, and others leads to the accumulation of plastic waste that is non-degradable. Moreover, these waste leads to the environmental pollution such as water pollution. This factor is expected to restrain the growth of the party supplies market growth during the forecast period of 2022-2029.

This party supplies market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the party supplies market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Party Supplies Market

The outbreak of COVID-19 pandemic had negative impact on the party supplies market. This is attributed to consumers overall the globe, who restrict themselves from going out normally to avoid getting infected by coronavirus. Thus, minimum gathering and social distancing have led to cancellation of several parties and events, thereby leading to loss in sales of several party supplies in terms of sales. This, in turn, has hindered the demand for party supplies worldwide, which negatively impacts the growth of the party supplies market.

Global Party supplies Market Scope

The party supplies market is segmented on the basis of product, application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Balloons
• Banners
• Pinatas
• Games
• Tableware/Disposables
• Home Décor
• Take Away Gifts
• Others

Application

• Commercial Use
• Domestic Use

Distribution Channel

• Supermarket or Hypermarket
•  E-Commerce
• Convenience Store
• Specialized Store
• Others

Party Supplies Market Regional Analysis/Insights

The party supplies market is analysed and market size insights and trends are provided by country, product, application and distribution channel as referenced above.

The countries covered in the party supplies market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the party supplies market in terms of revenue and share of market during the forecast period of 2022-2029. The market growth over this region is due to the upsurge in co-ed life-event party celebrations, such as pre-wedding gender-segregated bachelor, post-wedding couple's showers and bachelorette parties.

Asia-Pacific on the other hand, is projected to show lucrative growth during the forecast period of 2022-2029, due to the growth in the popularity of several events such as celebration of various festivals, wedding functions, birthday parties, and other events in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Party Supplies Market Share Analysis

The party supplies market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to party supplies market.

Some of the major players operating in the party supplies market are

• ARTISANO DESIGNS (Canada)
• HALLMARK LICENSING, LLC (U.S.)
• PARTY CITY (U.S.), Pioneer Balloon Company (U.S.)
• SHUTTERFLY, INC (U.S.)
• UNIQUE INDUSTRIES, INC (U.S.)
• AGC, LLC. (U.S.)
• HUHTAMAKI (Finland)
• Meredith Corporation (U.S.)
• Arc Group (France)
• Libbey, Inc. (U.S)
• Sisecam Glassware (Turkey)
• Bormioli Rocco S.p.A. (Italy)
• Tiroler Glashütte GmbH (Austria),
• The Oneida (U.S)
• The Boelter Companies (U.S)
• Waterford (Ireland)
• Anhui Deli daily Glass Co., Ltd. (China)
• Mannington Mills, Inc (U.S.),