Industrial Research World

  The  global party supplies market  is estimated to be valued at  $21,352.9 million by 2028 , surging from  $10,096.5 million in 2020  at a noteworthy  CAGR of 8.2% . Impact Analysis of COVID-19 on the Party Supplies Market The global market for party supplies is estimated to experience a negative impact amid the COVID-19 pandemic. The growth rate of the market has been found to decline amid the pandemic due to supply chain disruptions and complete lockdowns that has led to restrictions on large gatherings. In addition, the closure of supermarkets, hypermarkets, specialized stores, convenience stores, and others has led to huge revenue losses and decline in demand. Some of these stores are closed permanently and the workers have now become jobless. The change in consumer preferences towards purchase of essential goods and cash savings have greatly affected the demand for party supplies market. Also, the social distancing norms, economic crisis, and ban on social gatherings have led to

  Forecast Analysis of Global Party Supplies Market The  global party supplies market  is projected to witness a striking growth during the forecast period, owing to the significant growth in the e-commerce platforms pre- and post-pandemic times as variety of products are available from different party supplies manufacturers at competitive price. Conversely, the environmental impact associated with the use of non-biodegradable party supplies such as plastic ribbons, balloons and others may hamper the market growth in the projected timeframe. The growing demand for event management business across the globe is the significant factor estimated to propel the growth of the global party supplies market in the coming future. According to a latest report published by Research Dive, the global party supplies market is expected to garner $21,352.9 million during the forecast period (2021-2028). Regionally, the North America region is estimated to hold a dominant position in the global industry,

  The  global party supplies market  is estimated to be valued at $21,352.9 million by 2028, surging from $10,096.5 million in 2020 at a noteworthy CAGR of 8.2%. Impact Analysis of COVID-19 on the Party Supplies Market The global market for party supplies is estimated to experience a negative impact amid the COVID-19 pandemic. The growth rate of the market has been found to decline amid the pandemic due to supply chain disruptions and complete lockdowns that has led to restrictions on large gatherings. In addition, the closure of supermarkets, hypermarkets, specialized stores, convenience stores, and others has led to huge revenue losses and decline in demand. Some of these stores are closed permanently and the workers have now become jobless. The change in consumer preferences towards purchase of essential goods and cash savings have greatly affected the demand for party supplies market. Also, the social distancing norms, economic crisis, and ban on social gatherings have led to decli