Dallas, Texas, October 5, 2022 – The global party balloons market is poised for significant growth, rebounding post-COVID. With a projected revenue of $2.5 billion by 2030, the market is expected to grow at a 5% compound annual growth rate (CAGR).
Key Trends Driving the Party Balloons Market:
Rising Disposable Income: The Asia-Pacific (APAC) region, driven by increasing disposable income, is anticipated to be the largest shareholder in the global party balloons market. Celebrations like birthday parties, official events, and home gatherings contribute to this trend.
Innovative Party Themes: Birthday parties are getting a makeover, with fairytale-themed celebrations and thematic virtual video call parties gaining popularity.
COVID-19 Impact: The pandemic disrupted supply chains and markets, affecting party balloon businesses worldwide. However, enterprises adapted and innovated during the crisis.
Market Scope:
Segmentation: The market is segmented by type (printed and nonprinted), size (less than 15", between 15" and 30", and more than 30"), application (commercial, residential, and others), and distribution channel (online and offline).
Geographic Coverage: North America, Europe, Asia Pacific, Middle East, Africa, and South America.