Dallas, Texas, Oct. 05, 2022 (GLOBE NEWSWIRE) -- The economic growth of global party balloons market is expected to rebound post-covid recording revenue growth of US$ 2.5 Bn 2030. The percent growth rate is anticipated to be 5% during the forecast period of 2022-2030.
Rising disposable income, growing trend of official and home parties, birthday parties are getting a makeover, trending fairytale-themed parties, thematic virtual video call parties becoming increasingly popular is driving the global party balloons market.
However, the implications and impacts of the COVID-19 pandemic have been far-reaching and wide, creating not just a myriad of challenges for governments at every level, but a challenge for the well-being of party balloon businesses and communities across the globe.
Global party balloons market Scope:
| Metrics | Details |
| Study Period | 2019-2030 |
| Market Size in 2029 | USD 2.5 Billion |
| Segment Covered | by Type, Application, By Region, |
| by Type Covered | Printed and Nonprinted; Size: Less than 15", between 15" and 30", and more than 30" |
| Application Covered | Commercial, Residential, and Others; and Distribution Channel: Online and Offline |
| Regions Covered | North America, Europe, Asia Pacific, Middle East, and Africa and South America |
| Key Players Profiled | Amscan Inc., Balonevi, Belbal, Galaxy Balloon Inc., Gemar Srl, HI-FLOAT, Lufi Expressz, Buttericks Leco AB, CTI Industries, Folat B.V., Maple City Rubber, Pioneer Worldwide, Progressive Balloons Inc, Rubek Balloons. |
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The restrictions and lockdowns disrupted supply chains and markets, impacted the operations, drastically reduced employment scope, contributed to fluctuating incomes for households, as well as decreased tax revenue, governments overall revenue. This hampered the global party balloons market.
Nevertheless, despite the global negative impacts of COVID-19, the party balloon enterprises were able to take advantage of the crisis to adapt and innovate. Most importantly, during the pandemic small scale and other business reeling under the economic impact innovated and implemented unique strategies thus helping them cope with the impacts of the pandemic.
In addition to this, government support and initiatives also supported the market survive the economic impact. The market players endeavored to cope, adapt, overcome and even survive the pandemic. These groups survived by adopting innovations in various country contexts and social settings and how the production, supply and market continued operation. Moreover, responsive the government policies and interventions supported the businesses, adaptation policies, investment and action plans were taken for sustainabillity and resilience of businesses in the future. Retailing products online, building a business group for better networking and building trust in product quality and safety to gain clients gave a remarkable boost to global party balloons market.
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Regionally, the APAC is the largest shareholder of global party balloons market due to rising disposable income, growing trend of official and home parties, birthday parties are getting a makeover, trending fairytale-themed parties, thematic virtual video call parties becoming increasingly popular in the region. Also, market dominants are investing heavily on new product developments, environment friendly balloons, collaborations with start-up and medium sized companies, and more. Hence, according to market enthusiasts and researchers APAC may play a significant role for improving the overall market revenue.
Important Points from Table of Contents:
1. Introduction
2. Research Methodology
3. Market Outlook
4. Party Balloon Market by Product type overview, 2022-2029(USD Billion)
• Artistic balloons
• Cost-effective charges
• Extensive range
5. Party Balloon Market by End User overview, 2022-2029 (USD Billion)
• Household
• Commercial
• Residential
• Others
6. By Filling Type Overview, 2022-2029 (USD Billion)
• Oval
• Cylindrical
• Heart
7. Party Balloon Market by region 2022-2029 (USD Billion)
o North America
US
Canada
o Europe
UK
Germany
France
Rest of Europe
o Asia Pacific
China
Japan
India
Rest of Asia Pacific
o South America
Brazil
Mexico
Rest of South America
o Middle East & Africa
8. Competitive Landscape
10. Company Profiles.
11. Appendix
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