Latest News- Personalized Gifts Market: Non-photo personalized gifts is expected to lead the Product segment during 2025-2029
The Personalized Gifts Market is being driven by Continuous development and introduction of new products
The Personalized Gifts Market is expected to grow at a CAGR of 6.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 10758.8 million. In the dynamic personalized gifts market, vendors are prioritizing the production and distribution of eco-friendly products. These gifts, crafted from organic and natural materials, offer several advantages. Their biodegradable nature ensures they decompose easily without contributing to environmental pollution. Moreover, as they are fabricated from non-toxic raw materials, they pose no health risks or allergic reactions to recipients. The production of eco-friendly personalized gifts minimizes environmental impact, making them an attractive choice for consumers. Additionally, for infants' safety and well-being, gifts made from non-toxic materials are preferred to prevent adverse health effects. The benefits of eco-friendly personalized gifts are compelling, fostering increased demand and growth in this market.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Product (Non-photo personalized gifts, Photo personalized gifts) Distribution Channel (Online, Offline) Geography (North America, Europe, APAC, South America, Middle East and Africa).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Personalized Gifts Market Research Report
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The Personalized Gifts market encompasses Handcrafted Gifts for Friends, Family, and Relatives, with Roc Nation's expansion into this sector. Smartphone usage and digitization drive the demand for Non-Photo and Photo Personalized Gifts. Sustainability is a priority with Eco-friendly Personalized Clothing and 3D Printing. Stores and contracts expand the client base, while Etsy thrives with a Zero-Covid policy. Competitiveness faces challenges from trade tensions and the risk of recession. Peer-to-peer collaborative platforms offer bespoke updates, and digitization continues with Digital archives. Competitor percentage remains significant.
The global market for handcrafted personal care gifts encompasses the production and development of a diverse range of items, including cosmetics, perfumes, masks, sex toys, hair wigs and extensions, and polarized sunglasses. According to Technavio, market size is determined by the collective revenue generated by manufacturers in this sector. Key growth drivers include rising disposable income, which positively influences consumer spending on non-essential items, such as personalized gifts. The increasing trend of gifting unique, handcrafted items, particularly among friends, family, and relatives, is also contributing to market expansion. Roc Nation's entry into the personal care gifts industry, leveraging its influence and brand recognition, is expected to further fuel market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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