A balloon is a flexible bag-like structure that may be filled with air, helium, oxygen, nitrogen, or other gases or liquids.
The global The Party Balloons market is anticipated to increase at a 4.8% CAGR to reach value USD 1,964.4 Million in 2028
Covid-19 Impact & Market Status
As a result of the COVID19 pandemic, most countries have imposed restrictions on public gatherings, which is expected to significantly reduce demand for balloons in the market. In the first few months of 2020 and 2021, demand is expected to be low.
Many environmentalists believe that balloons cause pollution. When balloons float in rivers, animals often mistake them for colourful prey like jellyfish and eat them. This factor is also expected to limit the growth of the party balloon market during the forecast period.
The burgeoning wedding planning and event management industry around the world is a major determinant of the party balloon market's explosive expansion. Most birthday parties and events now include balloon displays. Customers are drawn to malls and events by inventive colour combinations in party balloon installations that encourage them to engage in activities. Hot party trends like orb balloons have made a fashion statement for those throwing parties and birthday parties.
ECommerce has a lot of promise for growing the party balloon company. For example, LENZO, an online party shop established in Australia, specialises in party balloons, decorations, and partyware by serving as a one stop shop for customers. Online party shops in the party balloon industry are expanding their offerings to include event management and food and beverage (F&B) services in order to boost sales of party products.
The blue balloon mass deco concept is being actively promoted by popular wedding and event companies. In 2020, this approach is expected to become more common. As new trends emerge, such as gender-neutral party ideas and circus birthday parties, demand for foil and latex balloons is likely to rise. Meanwhile, the growth of corporate culture is a key driving force behind the growth of the party balloon market, which is expected to reach $2.4 billion by 2030.
Small businesses increasingly need cost-effective decorative materials (SME). This trend is even more pronounced in Asia Pacific, where the party balloon market is projected to be the most lucrative and growing at the fastest rate during the evaluation period.
Over the projected period, the market for party balloons is anticipated to expand significantly at a CAGR of 5.25 percent. Organizations and institutions were forced to comply with a global lockdown for safety reasons due to the negative impacts of COVID19. The market has therefore witnessed a consistent reduction in the creation and manufacture of party balloons. However, after many firms have restarted operations and ordinary life has returned to normal, we may expect to witness a massive expansion in the global market.
The Party Balloon Market has seen remarkable growth in recent years and is expected to continue to do so throughout the projected period. Balloons can be composed of a variety of materials, including rubber, latex, polychloroprene, or nylon fabric, and come in a variety of colours. The features of a balloon, such as its low density and low cost, have led to a wide range of uses. Party balloons can be filled with air, water, helium, or any other appropriate liquid or gas and are often composed of natural latex obtained from rubber trees.
The worldwide Party Balloon Market is validated using top-down and bottom-up techniques, and market size is estimated for companies, regions, type segments, and applications (end users). Throughout the market engineering process, top down and bottom up approaches as well as numerous data triangulation methods were heavily employed to do market estimation and forecasts for the overall market segments and sub segments included in this research. All of the figures obtained during the market engineering process are subjected to extensive qualitative and quantitative analysis in order to list crucial information throughout the report.
During the projected period, the party balloon market is expected to grow at a modest CAGR of 5%. However, rising public awareness about balloon trash is expected to harm party balloon sales. It is widely known that party balloons are not recycled efficiently and often do not reach landfills, polluting rivers and oceans. As a result, manufacturers are expanding their ability to produce biodegradable party balloons that break down quickly and do not increase their already high environmental footprint.
The global party balloon market is highly competitive. There are numerous small and largescale producers on the market. Mergers and acquisitions, as well as product innovation and development, are among the techniques used by companies to grow their market share. Vendor information such as total revenue (financials), Party Balloon sales and revenue produced, business overview, market potential, global presence, and facilities, manufacturing sites, SWOT analysis, market share, price, and product introduction are included in the Party Balloon competitive landscape.
Major Developments and Innovation in Party Balloon market: a Snapshot
• Monochromatic and pastel-coloured party themes are becoming increasingly popular as creative party themes. Pantone LLC, which is best known for its proprietary colour matching technology, has popularised the concept of Pantone Colour of the Year.
• Those who want to add a sophisticated yet stylish touch to their party theme will love foil party balloons. Several party balloon companies are expanding into event planning to provide visually appealing festive party setups. Party themes with one- or two-colour palettes are becoming increasingly popular as a way to make parties appear more opulent.
• In order to maximise revenue opportunities, party balloon manufacturers are focusing more on wedding balloon décor installations. After focusing on major wedding preparations like F&B services and bridal attire, people are moving to more delicate things like bridal jewellery. As a result, manufacturers are discovering a unique preference for pearl-themed weddings that add sparkle and luxury to celebrations. Inflatable ceilings and textured balloon decorations are two popular wedding themes that enhance the aesthetic appeal of a place.
Party Balloons Market Scope
Metrics | Details |
Base Year | 2022 |
Historic Data | 2018-2019 |
Forecast Period | 2022-2028 |
Study Period | 2018-2028 |
Forecast Unit | Value (USD) |
Revenue forecast in 2028 | USD 1,964.4 Million |
Growth Rate | CAGR of 4.8 % during 2018-2028 |
Segment Covered | Product Type, Application, Filling Type, Regions |
Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
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. |
Key Segments of the Global Party Balloon market
Product Type Overview (USD Million)
- Artistic balloons
- Cost-effective charges
- Extensive range
End User Overview, (USD Million)
-
- Household
- Commercial
- Residential
- Others
Filling Type Overview, (USD Million)
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- Oval
- Cylindrical
- Heart
Regional Overview, (USD Million)
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- MEA
- Kingdom of Saudi Arabia (KSA)
- South Africa
- United Arab Emirates (UAE)
- Rest of MEA
- APAC
- Australia and New Zealand (ANZ)
- Japan
- China
- Rest of APAC
- South America
- Brazil
- Mexico
- Rest of South America