Global Personalized Gifts Market

Personalized Gifts Market Size, Share, Growth Analysis, By Product Type(Non-Photo Personalized Gifts and Photo Personalized Gifts.Cartons, Trays, Containers and Others.), By End-User(Women, Unisex, Kids and Men.), By Distribution Channels(Online and Offline), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15H2060 | Region: Global | Published Date: March, 2024
Pages: 184 | Tables: 88 | Figures: 76

Personalized Gifts Market Insights

Personalized Gift Market size was valued at USD 29.1 billion in 2022 and is poised to grow from USD 30.82 billion in 2023 to USD 48.75 billion by 2031, growing at a CAGR of 5.9% during the forecast period (2024-2031).

Increasing preference of people to send personalized and hand-crafted gifts to their loved ones and friends is projected to bolster the demand for personalized gifts over the coming years. High demand for eco-friendly personalized gifts is also estimated to create new opportunities for personalized gift companies in the future. Companies operating in the personalized gifts market are increasingly focusing on providing products made of organic and natural materials to reduce the environmental impact associated with their production.

Also, there is a significant industry expansion of businesses offering personalized gifts. Due to consumers spontaneous choices, changing preferences and aesthetic appeals, this market experiences a challenge in maintaining a stable gifting solution. Businesses are thus focusing on raising sales and client base through expansions to satisfy the rising end-user demand. They are growing through building an online presence, opening additional stores, and signing contracts with numerous offline and online merchants. It is also projected that rising smartphone usage and rapid digitization will help in the market expansion. Expansion ambitions of companies will improve the availability of their personalized gift offerings at more locations and boost their sales, which will accelerate the market's growth momentum throughout the projection period.

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Personalized Gift Market size was valued at USD 29.1 billion in 2022 and is poised to grow from USD 30.82 billion in 2023 to USD 48.75 billion by 2031, growing at a CAGR of 5.9% during the forecast period (2024-2031).

The global personalized gifts market is characterized by a diverse mix of players ranging from established e-commerce platforms to niche boutiques and specialty retailers. Large online marketplaces such as Etsy, Shutterfly, and Moonpig dominate the market with their extensive product offerings, global reach, and robust customization tools. These platforms cater to a wide range of consumer preferences and occasions, offering personalized gifts across various categories including home decor, jewelry, apparel, and stationery. Additionally, traditional retailers and specialty stores compete by offering unique and artisanal personalized products that emphasize craftsmanship, quality, and exclusivity. Moreover, advancements in technology and digital printing have lowered barriers to entry, enabling smaller businesses and independent artisans to enter the market and differentiate themselves through innovative designs, personalized experiences, and niche offerings. 'Etsy (United States)', 'Shutterfly (United States)', 'Moonpig (United Kingdom)', 'Not on the High Street (United Kingdom)', 'Personalization Mall (United States)', 'Things Remembered (United States)', 'Minted (United States)', 'Zazzle (United States)', 'VistaPrint (Netherlands)', 'CafePress (United States)', 'Snapfish (United States)', 'Hallmark (United States)', 'Papier (United Kingdom)', 'Printerpix (United Kingdom)', 'Photobox (United Kingdom)', 'Greetabl (United States)', 'Cricut (United States)', 'Inked Gaming (United States)', 'Redbubble (Australia)', 'Custom Ink (United States)'

Social media platforms play a significant role in driving demand for personalized gifts by showcasing unique gift ideas, customer testimonials, and user-generated content. Influencers and brand ambassadors often promote personalized products, amplifying their visibility and appeal to a wider audience.

Consumers want one-of-a-kind personalized gifts with unique shapes, textures, and features. Due to this, 3D printing technology will become more prevalent in the personalized gifts market, enabling businesses to offer highly customized and intricate designs across various product categories. 3D printing will allow faster delivery and making of personalized gifts and allow companies to maximize their business and revenue generation scope as well.

Based on the geography, the global Personalized Gifts market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.

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Global Personalized Gifts Market

Report ID: SQMIG15H2060

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