Global Party Supplies Market

Party Supplies Market Size, Share, Growth Analysis, By Type(Balloons and Decorations, Tableware and Drinkware, Costumes and Accessories, Games and Activities), By Application(Individuals, Event Planners and Corporate), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25AF2003 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 64 | Figures: 75

Party Supplies Market News

  • In May 2023, Smart Cents announced that it had acquired the party supplies business of Unique. This acquisition will help Smart Cents to expand its product offerings and reach a wider audience.
  • In April 2023, Wilton announced that it had launched a new line of sustainable party supplies. These supplies are made from recycled materials and are designed to be environmentally friendly.
  • In March 2023, American Greetings announced that it had partnered with Disney to create a new line of party supplies. This line will feature Disney characters and themes, and it is designed to appeal to children and adults alike.
  • In February 2023, Chinet announced that it had expanded its product offerings to include a new line of biodegradable tableware. This tableware is made from plant-based materials and is designed to be compostable.
  • In January 2023, Hallmark announced that it had launched a new line of party supplies that are specifically designed for virtual events. This line includes virtual invitations, decorations, and favours, and it is designed to help people celebrate special occasions from afar.
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Party Supplies Market size was valued at USD 12.6 million in 2021 and is poised to grow from USD 13.57 million in 2022 to USD 24.61 million by 2030, growing at a CAGR of 7.72% in the forecast period (2023-2030).

Manufacturers in the party supplies industry continually strive to introduce innovative and trendy products that cater to evolving consumer preferences. They invest in research and development to create a diverse range of party essentials, such as balloons, banners, tableware, party favours, and themed decorations. The ability to provide unique and eye-catching designs is a key factor that sets some manufacturers apart from the competition. 'Party City (US)', 'Unique Industries, Inc. (US)', 'Oriental Trading Company (US)', 'Party Delights (UK)', 'Shindigz (US)', 'Fun Express (US)', 'Walmart Inc. - Party Supplies Division (US)', 'Target Corporation - Party Supplies Division (US)', 'American Greetings Corporation (US)', 'Factory Card and Party Outlet (US)', 'Party Pieces (UK)', 'The Walt Disney Company - Party Supplies Division (US)', 'Card Factory (UK)', 'PartyLite (US)', 'Amscan International (US)', 'Partypro (US)', 'Artisano Designs (Canada)', 'Century Novelty (US)', 'Crown Display (US)', 'Discount Party Warehouse (Australia)'

The growth of e-commerce and online retail platforms has significantly contributed to the accessibility and visibility of party supplies. Consumers can conveniently browse and purchase a vast range of products, promoting market growth.

Personalised and Themed Party Supplies: Consumers are seeking unique and creative ways to make their celebrations stand out, whether it's for birthdays, weddings, anniversaries, or other special occasions. As a result, there is a growing preference for party supplies that align with specific themes, characters, or colour schemes. This trend has prompted manufacturers and retailers to offer a diverse range of themed decorations, tableware, balloons, and other party essentials to cater to the evolving preferences of customers. Moreover, the rise of social media and the desire to create share-worthy moments have further fueled the demand for visually appealing and Instagram-worthy party setups, leading to a surge in customised and themed party supplies. To capitalise on this trend, companies are investing in design capabilities and collaborating with licensors to offer licensed party supplies featuring popular characters and franchises.

In the party supplies market, different regions contribute to the industry's growth and development. Among these regions, North America emerges as the most dominant market for party supplies. The region's dominance can be attributed to its strong consumer spending on celebrations, including birthdays, weddings, holidays, and other special occasions. The cultural significance of various festivities and the popularity of organising themed parties have boosted the demand for a wide range of party supplies in North America.

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Global Party Supplies Market

Report ID: SQMIG25AF2003

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