Party Balloons Market Size, Share, Growth, And Industry Analysis By Type (Latex Party Balloon, Foil Party Balloon), By Application (Commercial, Residential) and Regional Insights and Forecast to 2031

Updated On: 22 April 2024

party balloons market Report Overview

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The global party balloons market size was USD 1514.93 million in 2021 and is expected to reach USD 2260.77 million by 2027, exhibiting a CAGR of 6.9% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with the party balloons market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Party balloons are large, brightly colored balloons that are often used to celebrate birthdays, holidays and other special occasions. They are usually filled with helium gas for buoyancy and often have decorative streamers and ribbons attached to them. This type of balloons is a popular decoration for parties and other celebrations.

To the explosive development of the world market is added the increase in the organization of weddings, birthdays and anniversary parties, the sharp growth of the retail business and the possible entry into the management of party decorations in various countries. The growth of the party balloons market is due to the increasing demand for balloons for various applications such as commercial and residential. Latex balls are expected to dominate the market by type during the forecast period due to their low cost and easy availability. However, foil balloons are expected to grow faster due to their superior properties such as durability and high quality printing.

COVID-19 Impact: COVID-19 Pandemic halted The Supply Chain Of Raw Materials results in Market Collapse

The sudden outbreak of the COVID-19 pandemic has caused major changes in the global economy and led to major lifestyle changes to prevent the contagious spread of coronavirus infections. Also, the growth trend of the party balloon market collapsed due to the pandemic of 2020, when all public gatherings and events were closed to prevent the spread of communities around the world. Sales of party balls have been hampered by limited production and sales activities due to numerous blockade restrictions around the world. The party balloons market is expected to recover at a steady pace in the post-pandemic era, with the reopening of many public spaces and the lifting of lockdown restrictions, normalizing parties from balloon gatherings and casual choices.

Latest Trends

"Huge Investment In Eco-Friendly Party Favors Market Growth"

Major players in the party supplies market are investing heavily in eco-friendly party supplies, such as decorative products and plastic-free tablecloths. The change in consumption trends and the increase in consumption capacity on a global scale will offer new opportunities for manufacturers of party balloons in the coming years. They can take advantage of these opportunities to strengthen their offerings and increase their earning potential. In addition, companies are adopting digital commerce and e-commerce platforms to reach untapped markets. Cooperation with large event companies is also a key business strategy for established brands, creating useful opportunities for party balloons market growth.

party balloons market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Latex Party Balloon, Foil Party Balloon. Latex Party Balloon is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into Commercial, Residential. Commercial will be dominating segment.

Driving Factors

"Growth In Demand For Themed Parties And Millennial Consumers Augment Market Growth"

Themed party decoration is a popular trend in the party supply market worldwide. This trend is expected to contribute to the huge demand for party supplies during the forecast period. Theme-based parties require party supplies that are customized as per the requirements of the party planners, which is expected to drive the growth of the market. In recent years, the number of professional event planners has increased significantly to meet the changing needs of millennial consumers who are expected to grow the party balloons market.

"Increase In The Number Of Balloon Operations Foster Market Growth"

Balloon activities are gaining popularity among children because these activities are fun activities and promote the growth and development of children, the balloons are very affordable and entertain children, babies and toddlers in many different ways. Balloon games and activities such as surprise pop, balloon tennis, balloon defense, balloon wading competition and balloon passing are important games and activities organized in schools, playgroups and kindergartens to ensure rapid growth of children. Balloons are also used in various treatments for color blindness, which helps people distinguish balloons based on different colors, stickers, and markings. The increase in the number of activities related to balloons is the main factor fueling the global party balloons market growth.

Restraining Factors

"Rising Concern About The Environmental Impacts Associated With The Use Of Non-Biodegradable Party Balloons May Hinder Market Growth"

Growing public awareness of balloon waste is expected to reduce sales. It is widely observed that they are recycled inefficiently and often end up not in a landfill but in rivers and seas, causing environmental pollution. As a result, manufacturers are expanding their production capacity to produce biodegradable types that break down efficiently without adding to an already large environmental footprint. Sustainable and recyclable party decorations are popular among environmentally conscious people. As a result, manufacturers are focusing on developing materials that help produce reusable types.

party balloons market Regional Insights

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"North America Will Lead The Market Due To Higher Demand Among Peoples"

In 2019, North America dominated the global party balloons market share in terms of revenue. As a developed economy, the U.S. has the infrastructure and largest commercial facilities such as shopping malls, restaurants, hotels and airports and among others. In North America, balloons are most often used to decorate parties or special occasions such as birthdays, while foil balloons are used for wedding ceremonies or baby showers. The North American party balloon market is expected to grow steadily due to the traditional party culture. The number of people having festive decorations like birthdays, baby showers, holidays and anniversaries is driving the growth of the market in the region.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios. Key industry players in the antacid tablet market have a significant impact on market dynamics. These companies are at the forefront of research and development, consistently introducing innovative formulations and product variations. Their focus on convenience and effectiveness sets industry standards and influences market growth.

List of Market Players Profiled

• Balonevi (Turkey)
• Shaohua Latex Products Co., Ltd. (China)
• Xingcheng (China)
• TAILLOON Balloons (Taiwan)
• Belbal (Belgium)
• Folat B.V. (Netherlands)
• Pioneer Balloon (U.S.)
• Maple City Rubber (U.S.)
• Gemar Balloons (Italy)
• CTI Industries (U.K.)
• Galaxy Balloon Inc. (U.S.)
• Latex Occidental (U.S.)
• Party City (U.S.)

Report Coverage

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.