The North America Party Supplies Market would witness market growth of 7.5% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 597.9 million units, showcasing a growth of 7.7% (2019-2022).
These supplies are essential items and accessories to organize a party or event. Early on, there were few and unpopular party materials available. However, awareness and connectivity have grown due to increased awareness and connectivity through the internet. These supplies have become a necessity for planning any party. These supplies generally include party invitations, balloons, banners, pinatas, games, cards, home decor, tableware, candles, tents, and umbrellas. These supplies are manufactured on a mass scale in the market.
The increase in the use of event and wedding planners to arrange events and parties, the rise in urban population, and product innovations have driven the growth of the market during the forecast period. Over the past few years, there has been exponential growth in the urban population. An increase in urban population is a key factor that propels the market. This is attributed to urban dwellers who prefer ceremonies, parties, & events to connect with their friends and loved ones to create unforgettable moments.
Americans celebrate various holidays yearly, including national holidays, religious observances, and cultural festivals. These occasions often involve gatherings, parties, and events, contributing to the overall number of events. Individuals in the US celebrate various personal milestones such as birthdays, anniversaries, graduations, and weddings. The desire to commemorate these milestones with events and gatherings contributes to the rising number of celebratory occasions. As a result, these aspects will boost the market growth in the coming years.
The US market dominated the North America Party Supplies Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6,365.1 million by 2030. The Canada market is experiencing a CAGR of 10% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 9% during (2023 - 2030).
Free Valuable Insights: The Party Supplies Market is Predict to reach $23.5 Billion by 2030, at a CAGR of 8.7%
Based on Application, the market is segmented into Domestic Use, and Commercial Use. Based on Distribution Channel, the market is segmented into Supermarket & Hypermarket, Specialized Stores, Convenience Stores, E-commerce, and Others. Based on Product Type, the market is segmented into Tableware & Disposables, Home Décor, Balloons, Banners, Take Away Gifts, Pinatas, Games, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Application (Volume, Million Units, USD Billion, 2019-2030)
By Distribution Channel (Volume, Million Units, USD Billion, 2019-2030)
By Product Type (Volume, Million Units, USD Billion, 2019-2030)
By Country (Volume, Million Units, USD Billion, 2019-2030)
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