Non-photo Personalized Gifts Market to accelerate at a CAGR of 10% during 2021-2025

Technavio has been monitoring the non-photo personalized gifts market and it is poised to grow by USD 8.75 billion during 2021-2025, progressing at a CAGR of over 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.To get more news about personalized gifts, you can visit koalaprint.com official website.
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the non-photo personalized gifts market. The market growth in 2021 is likely to increase compared to market growth in 2019.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The Walt Disney Co., and Zazzle Inc. are some of the major market participants. Although the growing gifting culture and increasing demand for seasonal decorations will offer immense growth opportunities, factors such as the availability of alternate products for social expression is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this non-photo personalized gifts market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.