Key Highlights
- The global greeting card market was valued at approximately $30 billion in 2022
- The United States accounts for nearly 50% of the global greeting card sales
- Approximately 6.5 billion greeting cards are sold each year in the U.S.
- Around 75% of greeting cards are purchased by women
- The average American spends around $20 on greeting cards annually
- Christmas greeting cards account for roughly 50% of total sales in the industry
- Eco-friendly greeting cards make up approximately 20% of the market as consumers increasingly seek sustainable options
- The rise of e-cards has led to over 60% of consumers choosing digital greeting options over physical cards
- The most popular occasion for greeting card purchases is birthdays, representing about 33% of total sales
- The UK greeting card market was valued at approximately £1.3 billion in 2022
- Hallmark, one of the leading brands, holds around 40% of the U.S. market share
- The average retail price of a greeting card in the U.S. is around $3.50
- Retail stores account for approximately 70% of greeting card sales, with the rest occurring online and through direct sales
Did you know that despite a booming industry valued at over $30 billion globally, the greeting card market is rapidly evolving with digital innovations, eco-friendly options, and personalized touches shaping its future?
Consumer Behavior and Spending
- Around 75% of greeting cards are purchased by women
- The average American spends around $20 on greeting cards annually
- The rise of e-cards has led to over 60% of consumers choosing digital greeting options over physical cards
- The most popular occasion for greeting card purchases is birthdays, representing about 33% of total sales
- The average retail price of a greeting card in the U.S. is around $3.50
- Nearly 80% of Americans recognize the importance of greeting cards for expressing emotion
- Seasonal cards, especially those for Christmas and Mother’s Day, generate over 65% of annual sales
- The average lifespan of a physical greeting card in use is about 3 days, with many discarded soon after receipt
- Approximately 35% of consumers buy greeting cards on impulse, often influenced by store displays or promotions
- The median price point for a luxury greeting card is about $8, catering to high-end or special occasion markets
- The average consumer owns approximately 25 greeting cards at any given time, stored for future use or sentimental reasons
- The greeting card industry experiences a peak in sales during the holiday season, with up to 50% of annual revenue generated in the last quarter of the year
- Younger consumers aged 18-34 are more likely to send e-cards rather than physical cards, accounting for about 65% of digital greetings
- Retailers who offer personalized greeting card options have reported a sales increase of 25% over those without customization
- The average number of greeting cards sent per person per year is 2.4 in the U.S., indicating steady consumer engagement
- Digital greeting cards are often viewed as more cost-effective, with 70% of consumers preferring them for their convenience and lower price point
- Greeting cards are most often purchased in the last week before the occasion, with 60% bought within 2-3 days of usage
- Corporate clients make up around 10% of greeting card sales, mainly for employee recognition and client appreciation
- The average number of greeting cards bought per year per household has remained steady at around 12, indicating consistent demand
- Recent surveys indicate that emotional connection and personalization are key factors influencing consumers’ choice of greeting cards, with 85% stating these as important
Consumer Behavior and Spending Interpretation
Environmental Sustainability and Materials
- The most common materials used in greeting cards are cardstock (around 85%), followed by recycled paper (about 15%), to meet sustainability trends
- The proportion of recycled paper used in greeting cards has increased by 50% over the last decade, reflecting industry sustainability efforts
- The recycling rate of greeting card waste has improved by 20% over the last five years due to increased industry initiatives
- The durability of greeting cards varies by material, with high-quality cardstock lasting on average 10-15 years in good conditions
Environmental Sustainability and Materials Interpretation
Market Size and Valuation
- The global greeting card market was valued at approximately $30 billion in 2022
- The United States accounts for nearly 50% of the global greeting card sales
- Approximately 6.5 billion greeting cards are sold each year in the U.S.
- Christmas greeting cards account for roughly 50% of total sales in the industry
- The UK greeting card market was valued at approximately £1.3 billion in 2022
- Hallmark, one of the leading brands, holds around 40% of the U.S. market share
- The greeting card industry employs around 15,000 people in the U.S., from designers to retail staff
- Independent card shops make up roughly 45% of the overall greeting card retail sector, sustaining local businesses
- The global market for holiday-specific greeting cards is projected to grow at a CAGR of about 4% from 2023 to 2028
- The average size of a greeting card is 5 x 7 inches, with variations depending on occasion and design
- The global online greeting card market is projected to reach $5 billion by 2027, growing at a CAGR of 8%, according to research by MarketsandMarkets
Market Size and Valuation Interpretation
Market Trends and Innovations
- Eco-friendly greeting cards make up approximately 20% of the market as consumers increasingly seek sustainable options
- The fastest-growing segment of the market is personalized or customized greeting cards, which grew by around 25% in 2022
- E-commerce sales of greeting cards increased by roughly 15% annually over the past three years
- In Asian markets like Japan and South Korea, digital greeting cards are gaining popularity, growing at an annual rate of approximately 10%
- The most popular greeting card themes are love, gratitude, and celebration, comprising over 60% of the market share
- Several companies have launched biodegradable greeting cards to reduce plastic and paper waste, with a growth rate of 12% per year
- The use of QR codes in greeting cards has increased by 30% in 2023, allowing embedding of videos and personalized messages
- During the COVID-19 pandemic, the sales of greeting cards declined slightly by 3%, but e-cards saw an increase of 20%
- The greeting card subscription model is emerging, with 10% of consumers interested in receiving monthly card deliveries
- Mainstream brands are increasing collaboration with artists and designers, resulting in a 15% increase in unique card designs over the past year
- The proportion of handmade greeting cards has increased by 12% as consumers seek more personalized and artisanal options
- Countries like Germany, France, and Canada show a growing trend in eco-friendly and sustainable card options, with market growth rates of 7-10% annually
- The industry has seen a 5% annual growth rate globally from 2018 to 2023, driven by emerging markets and digital innovations
- The industry's growth is projected to accelerate at a CAGR of 4% through 2030, driven by innovation and demographic shifts
- The use of augmented reality features in greeting cards is emerging, with 5% of cards incorporating AR elements as of 2023, expected to grow rapidly
Market Trends and Innovations Interpretation
Sales Channels and Distribution
- Retail stores account for approximately 70% of greeting card sales, with the rest occurring online and through direct sales
- In the United States, about 10% of greeting cards are purchased directly from nonprofit or charity organizations for fundraising purposes
- The most common sales channel for greeting cards in the U.S. remains retail stores, accounting for approximately 75% of total sales
Sales Channels and Distribution Interpretation
Sources & References
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