The party supplies industry is a rapidly growing market, with global revenues estimated to reach USD 18.7 billion by 2028. According to Grandview Research, the global party supplies market size was valued at USD 12.3 billion in 2020 and is projected to grow at a CAGR of 7.8% from 2021-2028. Disposable tableware accounted for 54.1% of the total revenue in 2020 while e-commerce emerged as the fastest-growing distribution channel with an 8.2% CAGR during this period; North America held 34.6%, making it the largest regional market for party supplies that year; Party City had net revenues of $1
This statistic is a testament to the immense size of the party supplies market, highlighting its importance in the global economy. It serves as a reminder of the vast potential of the industry, and the opportunities it presents for businesses and consumers alike. It also provides a benchmark for the industry’s growth, allowing us to track its progress over time.
The party supplies market is projected to grow at a CAGR of 7.8% from 2021 to 2028.
This statistic is a key indicator of the potential for growth in the party supplies market. It suggests that the industry is likely to experience a steady increase in demand over the next few years, making it an attractive investment opportunity for those looking to capitalize on the trend. Furthermore, it provides a valuable insight into the current state of the industry, allowing businesses to plan their strategies accordingly.
Party Supplies Industry Statistics Overview
The disposable tableware segment of the party supplies industry represented 54.1% of the global market in 2020.
This statistic is a telling indication of the party supplies industry’s current state. It reveals that the disposable tableware segment is the most dominant sector in the global market, accounting for more than half of the industry’s total market share. This statistic is a valuable insight for anyone looking to gain a better understanding of the party supplies industry and its current trends.
E-commerce is expected to be the fastest-growing distribution channel for party supplies during the forecast period, with a CAGR of 8.2%.
This statistic is a clear indication of the potential of the party supplies industry in the e-commerce space. It shows that the industry is likely to experience significant growth in the coming years, as more and more people turn to online shopping for their party supplies. This could be a great opportunity for businesses to capitalize on the growing demand for party supplies and tap into the lucrative e-commerce market.
North America is the largest regional market for party supplies, accounting for 34.6% of the global revenue in 2020.
This statistic is a testament to the immense popularity of party supplies in North America, highlighting the region’s significant contribution to the global party supplies industry. It is a clear indication that North America is a major player in the party supplies market, and its influence is likely to continue in the years to come.
Party City, a leading party supplies manufacturer, had net revenues of $1.531 billion in 2020.
This statistic is a testament to the success of Party City in the party supplies industry. It shows that the company has been able to generate a significant amount of revenue in 2020, despite the challenges posed by the pandemic. This statistic is a clear indication of the strength of the party supplies industry and the potential for growth in the future.
The wedding industry, a major segment of the party supplies market, contributed about $55 billion to the US economy in 2019.
This statistic is a testament to the immense impact the party supplies industry has on the US economy. It highlights the sheer size of the industry and the amount of money it generates for the country. It also serves as a reminder of the importance of the industry and the need to support it in order to ensure its continued success.
The balloon market, a subsegment of the party supplies industry, is projected to grow at a CAGR of 5.2% from 2021 to 2026.
This statistic is a key indicator of the potential for growth in the party supplies industry, particularly in the balloon market. It suggests that the industry is likely to experience a steady increase in demand over the next five years, providing a great opportunity for businesses to capitalize on the expanding market. This could be a great opportunity for businesses to invest in the industry and take advantage of the projected growth.
The global online party supplies market is expected to grow by $4.54 billion during 2021-2025, progressing at a CAGR of over 8%.
This statistic is a testament to the potential of the party supplies industry, indicating that it is a rapidly growing market with a bright future. It shows that the industry is expected to experience significant growth over the next few years, with a compound annual growth rate of 8%. This is an exciting prospect for those interested in the party supplies industry, as it suggests that there are plenty of opportunities for businesses to capitalize on.
Themed parties were the dominant type segmentation, accounting for 72.6% of the global party supplies market revenue in 2020.
This statistic is a telling indication of the current state of the party supplies market. It reveals that themed parties are the most popular type of segmentation, accounting for the majority of the market’s revenue. This suggests that the industry is heavily reliant on themed parties for its success, and that businesses should focus their efforts on providing customers with the best themed party supplies.
In 2020, the UK party supplies market was valued at £814 million.
This statistic is a powerful indicator of the size and scope of the UK party supplies market. It demonstrates the immense potential of the industry, and the potential for growth and expansion. It also highlights the importance of the industry to the UK economy, and the potential for businesses to benefit from the market. Furthermore, it provides a benchmark for businesses to measure their performance against, and to identify areas for improvement.
The top 5 largest companies in the party supplies industry held a 56.5% market share in the US in 2021.
This statistic is a powerful indicator of the current state of the party supplies industry in the US. It shows that the top 5 largest companies in the industry have a significant hold on the market, and that the industry is highly concentrated. This information is important for anyone looking to gain insight into the industry, as it provides a clear picture of the competitive landscape.
61.3% of party supply store industry revenue is derived from sales of party goods, while 27.7% comes from sales of costumes and related products.
This statistic is a crucial insight into the Party Supplies Industry, providing a clear picture of the industry’s revenue sources. It reveals that the majority of the industry’s income is generated from the sale of party goods, while costumes and related products make up a significant portion of the remaining revenue. This information is essential for anyone looking to gain a better understanding of the Party Supplies Industry and its financial standing.
There are approximately 4,281 party supply stores operating in the United States in 2021.
This statistic is a testament to the thriving party supply industry in the United States. It shows that there is a large and growing demand for party supplies, and that businesses are responding to this demand by opening up stores to meet the needs of their customers. This is a great sign for the industry, and it shows that the party supply industry is a viable and profitable business.
In 2021, the Halloween spending in the US, which influences party supplies sales, is expected to reach $10.14 billion.
This statistic is a clear indication of the potential for growth in the party supplies industry. With Halloween spending in the US expected to reach $10.14 billion in 2021, it is clear that there is a large and growing market for party supplies. This presents a great opportunity for businesses in the industry to capitalize on the increased demand for their products.
The global birthday party supplies market is expected to grow at a CAGR of 6.07% from 2020-2024.
This statistic is a key indicator of the potential growth of the party supplies industry in the coming years. It shows that the market is expected to expand at a steady rate, indicating that the industry is likely to remain a viable and profitable sector. This is great news for businesses in the party supplies industry, as it suggests that there is plenty of room for growth and expansion. Furthermore, it provides a valuable insight into the industry’s future prospects, allowing businesses to plan and strategize accordingly.
Disposable party supplies have a predicted market growth rate of 8.93% CAGR from 2020-2024.
This statistic is a key indicator of the potential for growth in the party supplies industry over the next four years. It suggests that the industry is likely to experience a steady increase in demand, making it an attractive option for businesses looking to invest in the sector. Furthermore, it provides a useful benchmark for companies to measure their own performance against, allowing them to assess their progress and make informed decisions about their future strategies.
The US party supplies market is expected to grow by $1.51 billion during 2020-2024.
This statistic is a testament to the potential of the US party supplies market, indicating that it is set to experience significant growth over the next four years. This is an exciting prospect for those in the industry, as it suggests that there is a wealth of opportunity for businesses to capitalize on. Furthermore, it provides a valuable insight into the current state of the market, allowing readers to gain a better understanding of the industry and its potential.
Conclusion
The global party supplies market is a rapidly growing industry, with the size of the market estimated to be valued at USD 12.3 billion in 2020 and projected to grow at a CAGR of 7.8% from 2021-2028. Disposable tableware was found to represent 54.1% of the total revenue generated by this sector in 2020, while e-commerce is expected to be its fastest-growing distribution channel during the forecast period with an 8.2% CAGR growth rate over that time frame. North America has been identified as having held 34.6% share of global revenues for this industry in 2020, followed closely by Europe and Asia Pacific regions respectively; however it is anticipated that APAC will experience highest growth rates within this sector between now and 2028 when their value reaches 619 million dollars US Dollars (USD).
Themed parties were also revealed as being dominant type segmentation accounting for 72.6%, while birthday party supplies are predicted have a 607 %CAGR from 2020 – 2024 according to Technavio’s report on Birthday Party Supplies Market Industry Analysis. With all these factors taken into consideration it can be concluded that there are many opportunities available within both established markets such as North America but also emerging ones like those located throughout Asia Pacific region which should not go overlooked or underestimated due their potential future impact on overall success achieved by companies operating within this space going forward.
References
0. – https://www.investor.partycity.com
1. – https://www.www.technavio.com
2. – https://www.www.mordorintelligence.com
3. – https://www.nrf.com
4. – https://www.www.grandviewresearch.com
5. – https://www.www.businesswire.com
6. – https://www.www.ibisworld.com
