Market Insights
As per recent research by MarkNtel Advisors, The Global Gift Wrapping Paper Market is projected to grow at a CAGR of around 4.1% during the forecast period, i.e., 2023-28.
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Key Driver: Intensifying Gift Giving Culture Across the World
The primary driver of the industry is the gift-giving culture, which is an essential part of many occasions, such as birthdays, weddings, anniversaries, Christmas, and other festive celebrations. Gift-giving is an expression of love, appreciation, gratitude, and celebration that has been a cultural practice for centuries, and wrapping paper is an essential component of this practice. Backed by these aspects, the market is projected to proliferate in the coming years.
Market Segmentation and Consumer Behavior:
By Material Type
- Unbleached wrapping paper
- Bleached wrapping paper
- Recycled wrapping paper
- Kraft wrapping paper
By Packaging Type
- Primary packaging
- Secondary packaging
- Tertiary packaging
By Printing Technology
- Digital printing
- Roto - gravure printing
- Flexographic printing
- Lithographic printing
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Gift Wrapping Paper Market Geographical Analysis:
By Region:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Key Players and Competitive Strategies in the Gift Wrapping Paper Market
Several prominent players dominate the Gift Wrapping Paper Market, including:
- DS Smith plc
- Japan Pulp and Paper Company
- Mondi plc
- Nippon Paper Group, Inc.
- Oji Holdings Corporation
- Rengo Co., Ltd.
- SCA Packaging Ltd.
- Stora Enso Oyj
- The Gascogne group
- The International Paper Company
- The Smurfit Kappa Group plc
- Others
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Questions Addressed in this Study
1.What factors are driving the Gift Wrapping Paper Market growth?
2.How is the Gift Wrapping Paper Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Gift Wrapping Paper Market?
4.What is the current size of the Gift Wrapping Paper Market, and how is it projected to change in the future?
5.What is the future outlook for the Gift Wrapping Paper Market in terms of technological advancements and market expansion?
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