The global party supplies market reached a value of US$ 12.1 Billion in 2021. The market is forecast to reach a value of US$ 19.8 Billion by 2027 exhibiting a CAGR of 8.10% during 2022-2027.
The escalating demand for event management and wedding planning services represent one of the key factors driving the market. Moreover, the increasing trend of theme parties across the globe is propelling the growth of the market. In addition, there is a rise in the celebration of many special events, such as weddings and engagements on account of the growing penetration of the internet and social media. This, along with the wide availability of party supplies through online stores at a discounted rate and the burgeoning e-commerce industry, is contributing to the growth of the market.