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

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).

The global party supplies market has experienced significant growth by various factors such as increasing disposable incomes, changing consumer preferences, and the rising popularity of themed parties and events. As the world becomes more interconnected through social media and other communication channels, the desire to share and celebrate life's moments with friends and family has intensified. This has resulted in a surge in demand for creative and visually appealing party supplies to make these occasions memorable and Instagram-worthy. Moreover, the increasing inclination towards themed parties and events has significantly influenced the party supplies market.

Consumers are seeking innovative and personalised party experiences, leading to a higher demand for themed decorations, tableware, and costumes. Popular themes often include movie characters, superheroes, TV shows, and seasonal motifs. Manufacturers and retailers are responding to this trend by constantly updating their product offerings to cater to diverse and ever-changing preferences. The rise of e-commerce platforms has also been a game-changer for the party supplies market. Online retailing provides consumers with easy access to a vast array of party products, offering convenience and saving time compared to traditional brick-and-mortar stores.

US Party Supplies Market is poised to grow at a sustainable CAGR for the next forecast year.