The global foil party balloon market is anticipated to grow at a CAGR of 2.8 % during the forecast period (2022-2028). Foil party balloons are available in different shapes and sizes such as hearts, giant letters, numbers, and stars which last longer and make them great for events. Foil party balloons also hold a mirror-like quality, which makes them popular with photographers and artists. The global foil party balloon market is growing due to the increasing number of accessories needed to organize a party or an event. The rise in disposable income in emerging economic countries and the increasing urbanization are further boosting the growth of the market.
The rising awareness and the internet connectivity have made party supplies such as foil party balloons become an essential requirement as well as easily available while organizing parties and events. The major manufacturers of foil party balloons are introducing innovative party supplies for various occasions such as birthdays, graduation, anniversary, Christmas, and Halloween among others, and attracting the consumers towards buying those products and are expected to propel the growth of the market. Moreover, the changing consumer lifestyle and their increasing expense towards lifestyle, occasions, and events are also driving the demand for foil party balloons market during the forecast period.
Some major players in the market include ArtisanoDesigns, Huhtamaki, Hallmark Licensing, LLC, Meredith Corp., OTC Direct, Inc., PARTY CITY, and PBC among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market.
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Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- ArtisanoDesigns, HUHTAMAKI, Hallmark Licensing, LLC, Meredith Corp., OTC Direct, Inc., PARTY CITY, PBC, and others.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global Foil Party Balloon Market Report by Segment
By Type
- 3D Foil Balloon
- Numbers & Letters
- Customized Foil Balloon
By Application
- Public Events
- Private Events
- Advertisement and Promotion
By Distribution Channel
- Online
- Offline
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