This ad will be closed automatically in X seconds.

Balloon market to be worth $2.4bn by 2030

Recent research has revealed that the party balloon market is predicted to reach a value of $2.4 billion by 2030 and is estimated to grow by about 5% each year over the next decade.

The report, which was undertaken by Transparency Market Research, investigated the increase in interest in the balloon market during the pandemic as consumers continue to look to create a party atmosphere at home.

The report said that ‘birthday parties are getting a makeover amid the coronavirus pandemic‘, pointing out that consumers are transforming their homes and gardens using party props such as latex and foil balloons and paper garlands to make the most of their smaller, home-based celebrations.

It went on to state that this boost in business has resulted in ‘a number of companies in the party balloon market increasing their production capacities to meet customer demands‘, with some increasing production by up to 14% in order to to meet the growing market demand and to serve existing customers.

The research also covered geographical trends, the importance of sustainability and the prevalence of social media influences.

Click here to read the report in full.

CEO Brad Weston revealed that Party City will be placing its focus on balloons in 2021....
Owner Adrienne D'Souza talks Halloween, lockdown and preparing for Christmas....
Mark Brett prepares for the new Brexit regulations which come into effect on 1 January, 2021....
Rhyl-based balloon business For Every Occasion has spent the last 24hrs in the eye of a media storm...
Amscan's Jen Wilson explains why the company is proud to be sponsoring next week's SILC conference....
Leading partyware supplier has given customers the ability to manage orders on demand. ...
Get the latest news sent to your inbox
Subscribe to our daily newsletter