Gifts Novelty And Souvenirs Market | Market Highlights and Insights to Recovery from COVID-19

American Greetings Corp., Archies Ltd., Card Factory Plc, funkypigeon.com Ltd., Hallmark Licensing LLC and PersonalizationMall.com LLC are some of the leading vendors discussed in the research report

Global gifts novelty and souvenirs market will post an incremental growth of $ 11.88 billion and progressing at a CAGR of over 3% during the forecast period. Our research report segments the market into major segments and the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

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Gifts Novelty And Souvenirs Market: Segments and Leading  Regions

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

• Market is segmented Product (Souvenirs and novelty items, Seasonal decorations, Greeting cards, and Other gift items), Distribution Channel (Offline and Online), and Geography (Europe, North America, APAC, South America, and MEA).
• 35% of the market growth will originate from Europe during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Gifts Novelty And Souvenirs Market size.

Gifts Novelty And Souvenirs Market: Trends, Drivers, Challenges

Our report helps market players to discover the various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will provide clients with all the information they would require for designing a growth strategy for their business.

• A significant factor in driving the growth of the Gifts Novelty And Souvenirs Market will be the growing culture of gifting.
• Technological advances leading to product innovation and premiumization is another factor that will be instrumental in driving market growth during the forecast period.
• Availability of alternate products for social expression is a hurdle that needs to be crossed on the path to success.

Gifts Novelty And Souvenirs Market: Vendor Analysis

• The market is fragmented.
• The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
• American Greetings Corp., Archies Ltd., Card Factory Plc, funkypigeon.com Ltd., Hallmark Licensing LLC, PersonalizationMall.com LLC, Redbubble Ltd., Scotts Highland Services Ltd., Spencer Gifts LLC, and The Walt Disney Co. are some of the major market participants.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

Browse through some of other related market research reports for more insights:

• Personalized Gifts Market: The personalized gifts market will grow by $ 11.19 billion, fragmented at a CAGR of almost 7.48% over the next five years.
• Personalized Gifts Market in US: Technavio has been monitoring the personalized gifts market in US and it is expected to grow by $ 2.01 billion, accelerating at a CAGR of almost 5.83% during the forecast period.
• Gifts Retailing Market: The gifts retailing market is set to grow by $ 14.60 billion, accelerating at a CAGR of almost 3.37% during the forecast period.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market will accelerate at a CAGR of over 3%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 11.88 billion through 2021-2025.
    
3. What is a key factor driving this market?
   Growing culture of gifting will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   Europe, North America, APAC, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   35% growth will originate from Europe
    
6. Who are the leading market vendors?
   The leading vendors in this market are American Greetings Corp., Archies Ltd., Card Factory Plc, funkypigeon.com Ltd., Hallmark Licensing LLC, PersonalizationMall.com LLC, Redbubble Ltd., Scotts Highland Services Ltd., Spencer Gifts LLC, and The Walt Disney Co.
    
7. What are the market segments covered in this report?
   The market is segmented by Product (Souvenirs and novelty items, Seasonal decorations, Greeting cards, and Other gift items), Distribution Channel (Offline and Online), and Geography (Europe, North America, APAC, South America, and MEA)