Global Party Supplies Market Synopsis

Party supplies products such as balloons, banners, pinatas, and others are widely used for events such as birthday parties, wedding, anniversaries, bachelorette party, and others. These party products are gaining huge popularity owing to the ease of availability, low cost, appealing look that makes an entire event beautiful. Party supplies grab attention of the guests during the event and make the event memorable and meaningful.

However, negative environmental impact caused by the use of non-biodegradable party supplies such as balloons is estimated to sabasport restrain the party supplies market size during the forecast period.

Availability of wide range of attractive and cost-effective party supplies products is estimated to drive party supplies market opportunities in the coming years. For instance, the party favors comprise of various party products such as balloons, candies, bubbles, glasses, glowsticks, keychains, stickers, plush toys, bouncy balls, ribbons, temporary tattoos, lanyards, and others. Also, in recent years the popularity of theme-based party products is increasing rapidly. Based on party theme, such as baby shower, gender reveal party, bridal shower, wedding, bachelorette party, and birthday party, one can easily get the party supplies products.

According to regional analysis, the North America party supplies market accounted for a highest market share for party supplies majorly owing to the growing prevalence of parties and events across U.S., Canada, and Mexico. The corporate events, including award functions, pre-wedding, and bachelorette party are increasing in this region.

Party Supplies Market Overview

Party supplies includes different items that range from balloons to tableware, banners, and others. Party supplies products are widely used for several events such as weddings, birthdays and based on theme one can choose the appropriate party products. These products are available in variety of colors and designs to suit the venue and the event. The party supplies industry has gained significant popularity as they make the event joyful and celebratory. Also, the party products such as balloons, ribbons, tableware, and banners can be easily stored for future and can be disposed of in a convenient manner. Some of the widely used party supplies include confetti, balloons, banners, party hats, streamers, party blowers, wall decorations, centerpieces, yard sign, and others.

COVID-19 Impact on Global Party Supplies Market

The coronavirus pandemic had a negative impact on various industries. The party supplies market also experienced a negative impact due to social distancing norms, lockdown restriction, and ban on large gathering of people. Several events across the world such as weddings, concerts, parties, festivals, and others were cancelled due to stringent regulation and growing concerns over the spread of COVID-19 virus. Owing to this the demand for party supplies was affected greatly. Additionally, the closure of hypermarkets and supermarkets have led to supply chain disruptions. Also, low spending on non-essential products and growing tendency toward cash saving has affected the party supplies market growth during the pandemic. Also, many companies have suffered a huge economic crisis and laid off significant number of employees. Party supplies demand from the events industry was seriously impacted during the pandemic.

Growing Popularity of Party Supplies Across Event Management Sector to Drive the Market Growth

The global party supplies market is growing rapidly owing to the growing demand for party supplies from event management industry. Event management industry offers amazing experience to the guests that capture the audience’s attention and manages the entire event. To manage various events such as wedding receptions, theme parties, corporate parties, birthday celebrations, house parties, concerts, and so on, appropriate party supplies must be used. As a result, the growing demand for event management raises the demand for eye-catching party supplies like balloons, banners, party masks, hats, candles, lights, and so on. Furthermore, event management companies are experts in providing an appealing customer experience by utilizing innovative color combinations of party supplies such as balloons to create an eye-catching appearance. These factors are anticipated to boost the party supplies market share during the forecast period.

Harmful Effect of Non-biodegradable Party Supplies Products on Environment to Restrain Market Growth

The use of non-biodegradable party supplies such as plastic ribbons, cups, plastic plates, and other items results in the accumulation of non-biodegradable plastic waste. Furthermore, such waste contributes to environmental pollution, such as water pollution. This factor is expected to limit market growth during the forecast period.

Growing Popularity of Online Party Supplies Retail Platforms to Boost the Market Opportunities

The significant growth in e-commerce platforms during and post-pandemic due to the availability of a variety of products from various party supply manufacturers at competitive prices is expected to drive market demand. Several countries’ lockdown restrictions on social movements have encouraged people to shift to online retail platforms for purchasing various products, including party supplies. Furthermore, the convenience provided by these platforms, such as home delivery, easy payment options, an excellent mobile shopping experience, and others, is expected to increase demand for party supplies. Moreover, various platforms such as Shopify and Amazon have linked their products online with social media sites such as Instagram and Facebook to attract large number of customers. These aspects are anticipated to propel the party supplies market size during the analysis timeframe.

Global Party Supplies Market, By Product Type

Based on product type, the market has been divided into balloons, banners, pinatas, games, home décor, tableware/disposables, take away gifts, and others. Out of these, the tableware/disposables sub-segment accounted for the dominant market share in 2021 and games sub-segment is anticipated for the fastest growth during the analysis period.

The tableware/disposables product type accounted for the highest market size during  2021. Tableware/disposables include all the products such as plates, tablecloths, disposable cups, paper napkins, and others. Agricultural wastes like sugarcane pulp and other natural materials like recycled paper, corn flour, and leaves are used to make biodegradable tableware. These items are 100% biodegradable, safe to use, and leave no residue behind or dangerous chemicals in the environment. Additionally, because these products are renewable, less energy is required for manufacturing these products. Furthermore, these products save time and water while cleaning and are safe to use. Disposable tableware also comes in a wide range of designs and colors. In the following years, it is projected that all of these factors would increase demand for disposable dinnerware and party supplies.

The games party supplies sub-segment is predicted to show the fastest growth during the analysis timeframe. To increase consumer engagement and draw youngsters to their events, event management companies are focused on providing a variety of games. A rise in participant involvement may contribute to the development of networking opportunities. Additionally, when attending events that offer amusement and recreation, games serve as a stress reliever. The majority of party games are inexpensive and aid in fostering a festive atmosphere. Simple yet attractive games can draw sizable audiences. During the review period, demand for the games sub-segment is anticipated to be driven by each of these reasons.

Global Party Supplies Market, by End-Use

Based on end-use the analysis has been divided into commercial and domestic. The domestic sub-segment accounted for the dominant market share and commercial sub-segment accounted for the fastest growth in the global market.

The domestic sub-segment of the global party supplies market is anticipated to have fastest growth during the forecast period. The growth is majorly owing to rise in the popularity of birthday parties, pre-wedding shoots, house parties, bachelorette party, pre-birthday celebrations, baby showers, and other events. Moreover, due to COVID-19 pandemic the birthday parties, and other celebration events are being virtually conducted via online platforms such as video conferencing platforms including Zoom. Hence, for conducting these events the living rooms or house are well decorated with the help of ribbons, balloons, decorative lights, banners, and others. These factors are predicted to drive the demand for domestic sub-segment in the coming years.