Additionally, there is a gradual upliftment of lockdown restrictions on account of the decreasing cases of coronavirus disease (COVID-19) and uptake of vaccination projects by governments of numerous countries.Īs a result, parents nowadays are spending on party supplies to celebrate small birthday parties of their children to make them feel special, which is bolstering the growth of the market. This, along with the wide availability of party supplies through online stores at a discounted rate and the burgeoning e-commerce industry, is contributing to the growth of the market. In addition, there is a rise in the celebration of many special events, such as weddings and engagements on account of the growing penetration of the internet and social media. Moreover, the increasing trend of theme parties across the globe is propelling the growth of the market. The escalating demand for event management and wedding planning services represent one of the key factors driving the market. At present, rising environmental concerns among individuals are encouraging the utilization of paper party supplies around the world. They are used according to the party theme for making events, such as birthdays, farewells and anniversaries, memorable and can be easily stored for future events. These supplies comprise balloons, party hats, napkins, wall decorations, candles, yard signs, guest books and pens, souvenirs, invitation cards, banners, and tableware. Party supplies are specialty items used by party organizers to decorate and create the right ambiance for party venues. Oriental Trading Company (Berkshire Hathaway Inc.) Looking forward, the publisher expects the market to reach US$ 21.1 Billion by 2028, exhibiting a CAGR of 8.13% during 2022-2028. The global party supplies market size reached US$ 13.2 Billion in 2022. DUBLIN-( BUSINESS WIRE)-The "Party Supplies Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to 's offering.
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