The global greetings cards market size is projected to experience dynamic growth in the forthcoming years owing to the increasing popularity of Valentine’s Day celebrations across the world, observes Fortune Business Insights™ in its report, titled “Greetings Cards Market, 2022-2029”.
A greeting card can be used to express love, affection, good will, gratitude, or other sentiments towards friends or family. In recent years, there has been an increasing demand for greeting cards due to the rising popularity of celebrating Valentine’s Day around the world. This is an important factor contributing the growth of this market. Further, the greeting card can be used on numerous occasions such as birthday parties, wedding ceremonies, Christmas celebrations, and others in order to send good wishes to close relatives or friends. Thus, there is a rising demand for greeting cards across several regions which is projected to fuel this market’s growth.
However, the increasing use of cell phones and other electronic devices to send the invitations to people is projected to restrict the growth of this market.
With the increasing lockdown restrictions and social distancing norms due to the COVID-19 outbreak, there has been a decline in the demand for greeting cards in several regions as most of the social and cultural events and festival celebrations have come to a halt. Thus, this pandemic has hugely impacted the greetings cards market growth.
List of Key Players Covered in Greetings Cards Market Report:
Carlton Cards Ltd.
American Greetings Corporation
Hallmark Cards Inc.
IG Design Group Plc
Galison Publishing LLC
Herbert Walkers Ltd.
Avanti Press Inc.
Party City Holdco Inc.
The report provides a bird’s eye-view analysis of the industry trends and outlook, as well as supplies a meticulous study of all market segments. In addition, the report contains an in-depth assessment of the market drivers and challenges and also offers an exhaustive evaluation of the regional dynamics and competitive landscape of the market.
Rising Popularity of Handmade Greeting Cards to Fuel the Market
Nowadays, there is an increasing popularity of handmade greeting cards instead of readymade cards across several regions as these greeting cards can be customized and decorated as per the user’s convenience and the type of occasion such as birthday, wedding ceremony, and others. This is a crucial factor contributing to the growth of this market. Further, there is a wide variety of greeting cards available on several e-commerce platforms such as Flipkart, Amazon, and others, so that the customers can select their choice of greeting cards as per their requirement. This is also an important factor driving this market’s growth.
Growing Disposable Income of People to Propel the North America Market Growth
North America region is projected to expand rapidly in the greetings cards market share on account of the rising disposable income and improved standard of living of the people in this region which has resulted in the increasing number of celebrations such as birthday parties, anniversaries, and others.
Europe is expected to witness steady growth in this market due to the presence of some of the prominent greeting card companies such as Hallmark Cards Inc. that are focusing on attracting maximum customers with the help of promotional campaigns.
On the basis of type, this market is divided into flat and folded. By product, the market is classified into personalized, thank you, and farewell. Based on end-user, the market is categorized into men and women. In terms of geography, the market is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Technological Innovations in Greeting Cards to Boost Competition
The emergence of latest technologies such as recordable greeting cards or e-cards has led to an increasing demand for such type of greeting cards in several regions of the market. This has resulted in the rising production of innovative greeting cards by key companies in this market. As a result, there is an increasing competition among these companies which will enable them to diversify their business offerings and strengthen their market position.
The Global Greetings Cards Market Research/Analysis Report Contains Answers to your following Questions:
Which Manufacturing Technology is used for Greetings Cards ? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Greetings Cards Market? What are Their Company Profile, Their Product Information, and Contact Information?
What Was Global Market Status of Greetings Cards Market? What Was Capacity, Production Value, Cost and PROFIT of Greetings Cards Market?
What Is Current Market Status of Greetings Cards Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Greetings Cards Market Trends by Taking Applications and Types in Consideration?
What Are Projections of Global Greetings Cards Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
What Is Greetings Cards Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is Economic Impact On Greetings Cards Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Greetings Cards Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Greetings Cards Industry?
Highlights of the Report:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Supply Chain Analytics market.
Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Supply Chain Analytics market
July 2019: Hallmark announced the launch of its multicultural card line. This launch will focus on celebrating Chinese, Indian, African, American, and Latino cultures.
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