The Global Party Supplies Market Report is a compilation of comprehensive research studies of various aspects of the Party Supplies Market. With accurate data and highly authentic information, a brilliant attempt is made to paint a true, transparent picture of the current and future situations of the global Party Supplies market. Market participants can use this powerful tool when creating effective business plans or making major changes to their strategies. The report discusses the growth of the global as well as regional markets. It also throws light on high-growth segments of the global Party Supplies market and how they will evolve in the years to come.
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In terms of revenue, the global party supplies market stood at around US$ 12,774.66 Mn in 2022 and is anticipated to reach US$ 18,438.47 Mn by 2030, expanding at a CAGR of 4.2% during the forecast period.. AGC, LLC, All Fun Parties, AmazingCo, American Family Day, ChildTime Parties, Clowns.com, Joe’s Party Animals, Party City Holdings, My Party PhotoBooth, New England PhotoBooth, Party Pieces, My Balloon Guy, Tickled Photo Booth, WeddingWire, Inc., and Other Market Participants.
Party supplies market includes suppliers and service providers essential for organizing an event. Party organizers utilize these party supplies for their various product and service requirements. Most common party supplies include cake supplies, catering and bar tending services, décor services, music and entertainment services, cleaning services and others. The services are also availed by individuals during small home events such as birthday parties, anniversaries and others.
Rising urban population is one of the crucial factors fuelling party culture worldwide. According to United Nations the urban population that is 55% worldwide may increase to 68% by 2050. As urban dwellers spend more on lifestyle products, leisure events and parties, the market is expected to grow notably in coming years. The party culture has its seeds in western civilization. Countries in the North America and Europe region have a huge demand for party supplies. Modernization after the colonization era in the former British colonies like China and India has not only brought Industrialization but also some of the western practices along with it. The influence of western culture, western movies and growing trend of expressing on social media is also leading to the growth of party culture in the Asian countries. The increase in per capita income across these countries and rising trend of investing large amount of money for events and parties is also leading to the party supplies market growth.
This is further leading to a high competition among the organizers, who are trying hard to attract the customers. This competition is the reason for the growth in the party supplies market. The event organizers maintain their positions in the market by providing popular ceremonial and client oriented themes to their clients. The growing number of people preferring the ceremonies to connect with their loved ones is another reason helping the growth in popularity of party culture among people.
The party supplies market is largely unorganized. Medium and small large market participants who operate on a regional level account for a notable market share. Though the market is growing at a steady pace, there is a lack of regulatory framework regarding product and service quality that is provided by such market players. Moreover, the adoption of technology in this industry is still very low. On one hand where caterers and party suppliers have started adopting software to manage their operations efficiently and keep a track of their activities and expenses, such trend is at a very initial stage in developing economies such as India and China. In these countries, event tenders, caterers and similar participants still continue to rely on their manual efforts for their day-to-day management.
The rising number of startups and event organizers across the world are creating an opportunity for the party suppliers. The governments across the globe are encouraging entrepreneurship to boost economy and decrease unemployment. This trend has also impacted the event management industry. As per estimates, the overall event management industry in the Asia Pacific region has witnessed a growth of (10 – 12) % in past three years. All these factors collectively have contributed to a rising demand for various kind of services that are outsourced by these event organizers.
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Global Party Supplies Market:
- By Service
- Balloon Decor
- Inflatables
- Mascot Characters
- Face Painters
- Magician
- Concession Rental
- Photo Booth
- By Product
- Event Rentals
- Cakes / Cupcakes
- Catering, Bar Tending, Servers/ Cleanup Services
- Music, Caricature Artists
- Circus, Clowns & Acrobatics (including stilt walkers)
- Tarot Card Reader and Hypnotics
- Other Activities
- By Sales Channel
- Business to Business
- Business to Customer
- By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of South Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- North America
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