Global Gift Card Market - Industry Trends and Forecast to 2030

Global Gift Card Market - Industry Trends and Forecast to 2030

The global gift card market is expected to reach USD 2,632,843.72 million by 2030 from USD 906,341.52 million in 2022, growing at a CAGR of 14.2% during the forecast period of 2023 to 2030.

Market Segmentation
Global Gift Card Market, By Products (E-Gift Cards and Physical Cards), Functional Attribute (Closed Loop, Universal Accepted Open Loop, and E- Gifting), Industry Vertical (Retail and Corporate Institutions), Merchant (Restaurants, Discount Stores, Coffee Shops, Departmental Store, Grocery Store/Food Supermarkets, Entertainment, and Others), Country (U.S., Canada, Mexico, China, India, Indonesia, Philippines, Thailand, Vietnam, Malaysia, Singapore, Cambodia, Myanmar, Rest of South-East Asia, Japan, Australia, New Zealand, South Korea, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Germany, Russia, France, U.K., Turkey, Italy, Spain, Poland, Netherlands, Belgium, Switzerland, Sweden, Rest of Europe, Saudi Arabia, Iran, Egypt, South Africa, U.A.E., Iraq, Israel, Qatar, Kuwait, Jordan, and Rest of Middle East and Africa) - Industry Trends and Forecast to 2030
Overview of The Global Gift Card Market Dynamics

Driver
• The use of gift cards as a business tactic is becoming more popular
• The extensive social trend of giving online gifts
• E-gift cards are becoming increasingly popular among millennials
• Gift cards are gaining rapid popularity among consumers

Restraint

• Exploitative gift cards practices such as redemption and latency fees
• Security concerns such as hacking and fraud associated with the gift cards

Opportunity

• The growing internet and smartphone penetration rate worldwide
• Strategic alliances to increase the company’s business penetration

Market Players

Some of the major players operating in the global gift card market are:
• Walmart Inc.
• Under Armour, Inc.
• Givex Corporation
• American Express
• Target Brands, Inc.
• Best Buy
• Starbucks Coffee Company
• PayPal Holdings, Inc.
• Apple Inc.
• Sephora USA, Inc.
• Gyft, Inc.
• Walgreen Co.
• TransGate Solutions
• AMILON S.R.L.
• Jigsaw Business Solutions
• Diggecard
• Pine Labs Private Limited
• Alltimeprint.com
• Plastek Card Solutions, Inc.
• Card USA, Inc.
• Duracard
• Blackhawk Network
• Tango Card. Inc
• Stockpile, Inc.
• Huuray A/S Show more