Market research and analysis:The market for Gift Cards is expected to grow steadily over the next few years

Global Info Research recently published a research report titled, "Global Gift Cards Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029"The analysts authoring the report have estimated the size of the global Gift Cards market in terms of value and volume with the use of latest research tools and techniques. The report also includes estimations of market shares, revenue, production, consumption, gross margin, CAGR, and other key factors. Readers can expand their knowledge of business strategies, recent developments, and current as well as future progress of leading players of the global Gift Cards market.

A gift card (also known as gift certificate in North America, or gift voucher or gift token in the UK) is a prepaid stored-value money card usually issued by a retailer or bank to be used as an alternative to cash for purchases within a particular store or related businesses. Gift cards are also given out by retailers and marketers as part of a promotion strategy, to entice the recipient to come in or return to the store, and at times such cards are called cash cards. Gift cards are generally redeemable only for purchases at the relevant retail premises and cannot be cashed out, and in some situations may be subject to an expiry date or fees.

According to our (Global Info Research) latest study, the global Gift Cards market size was valued at USD 426750 million in 2022 and is forecast to a readjusted size of USD 652310 million by 2029 with a CAGR of 6.2% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The main players of gift card industry are located in the United States, Europe, China and Japan. Amazon accounting for nearly 7% of the market share.The top 5 companies hold a share about 20%.In terms of product, acrylic binder is the largest segment, with a share over 65%. And in terms of application, the largest application is universal accepted open loop, followed by retail closed loop.

This report is a detailed and comprehensive analysis for global Gift Cards market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

This report profiles key players in the global Gift Cards market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Amazon, ITunes, Walmart, Google Play and Starbucks, etc.

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