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India Gift Cards Market: By Card Type: Closed-Loop Card, Open-Loop Card; By Product: Digital Gift Card, Physical Gift Card; By Business Type: B2B, B2C; By Application; By Distribution Channel; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

India Gift Cards Market Outlook

The India gift cards market is expected to grow at a CAGR of 18% in the forecast period of 2021-2026.

 

Rising Demand for Digital Gift Cards Owing to Rapid Digitalisation in India to Bolster the Growth of the Gift Cards Industry

Based on product, the digital gift card segment is likely to occupy a significant share in the market over the forecast period. This can be attributed to the growing internet penetration and the adoption of smart electronic devices such as smartphones, and tablets, among others in the region. The growing digitalisation across the country has led to the emergence of digitalised payments, especially in the retail sector. The growing usage of mobile applications for shopping and payments is likely to bolster the demand for e-gifting among consumers, thus, aiding the overall market growth.

 

India Gift Cards Market

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Rising Popularity of Closed-Loop Cards to Augment the India Gift Cards Industry Growth

On the basis of card type, closed-loop cards accounted for a significant share in the industry and are likely to occupy a considerable market share over the forecast period. The growth can be attributed to the free activation benefits provided by the closed-loop cards to the users.

 

Growing Inclination Towards Health, Wellness, and Beauty to Bolster the Gift Cards Industry Growth in India

The health, wellness, and beauty segment, among other applications of the product, is likely to witness a healthy growth in the forecast period. This can be attributed to the rising disposable income and the growing inclination of consumers towards health and well-being in India. Moreover, the growth of the e-commerce industry in the country is expected to provide a further impetus to the growth of the segment.

 

Gift Cards: Industry Definition and Segmentation

A gift card refers to a smart card that can be exchanged for a specified cash value of goods or services. It is basically a prepaid debit card in the form of a smart card, which contains a specific amount of money available for use for a variety of purchases.

Based on card type, the market is divided into:

  • Closed-Loop Card
  • Open-Loop Card

On the basis of product, the industry is segmented into:

  • Digital Gift Card
  • Physical Gift Card

The industry, on the basis of business type, can be divided into:

  • Business to Business (B2B)
  • Business to Consumer (B2C)

The significant applications of the product include:

  • Food and Beverages
  • Health, Wellness, and Beauty
  • Apparel, Footwear, and Accessories
  • Books and Media Products
  • Consumer Electronics
  • Restaurants and Bars
  • Kids Products
  • Others

The various distribution channels of the product include:

  • Retail
  • Corporate
  • Others

 

Growing Demand for Convenient Gifting Options in the Corporate Sector to Boost the Growth of the India Gift Cards Industry

The India gift cards industry is driven by the rising demand for convenient gifting options in the corporate sector to engage with partners and employees. The growing partnership between brands and corporates to build brand awareness and strengthen the business strategy by providing diversified purchasing options to the consumers is aiding the market growth. The gift cards enhance customer engagement effectively, which is a crucial component of expansion for any corporate firm. The market growth will further be aided by the easy transactions offered by the digital gift cards and the rapid digitalisation, which will spread awareness about the various benefits of the product. Furthermore, the rising applications of gift cards in the food and beverages, health, wellness and beauty, apparel, and footwear and accessories, among other sectors are expected to provide a further impetus to the market growth.

 

Key Industry Players in the India Gift Cards Market

The report gives a detailed analysis of the following key players in the India gift cards market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Plasto Cards Private Limited
  • Creative Cards & Solutions
  • Creation Technics India Private Limited
  • Plastic Loyalty Cards
  • Arahan Infotech
  • Others 

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Card Type, Product, Business Type, Application, Distribution Channel
Breakup by Card Type Closed-Loop Card, Open-Loop Card
Breakup by Product Digital Gift Card, Physical Gift Card
Breakup by Business Type Business to Business (B2B), Business to Consumer (B2C)
Breakup by Application Food and Beverages, Health, Wellness, and Beauty, Apparel, Footwear, and Accessories, Books and Media Products, Consumer Electronics, Restaurants and Bars, Kids Products, Others
Breakup by Distribution Channel Retail, Corporate, Others
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Plasto Cards Private Limited, Creative Cards & Solutions, Creation Technics India Private Limited, Plastic Loyalty Cards, Arahan Infotech, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    India
7    Industry Opportunities and Challenges
8    India Gift Cards Market Analysis

    8.1    Key Industry Highlights
    8.2    India Gift Cards Historical Market (2016-2020) 
    8.3    India Gift Cards Market Forecast (2021-2026)
    8.4    India Gift Cards Market by Card Type
        8.4.1    Closed-Loop Card
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Open-Loop Card
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    India Gift Cards Market by Product
        8.5.1    Digital Gift Card
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Physical Gift Card
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    India Gift Cards Market by Business Type
        8.6.1    Business to Business (B2B)
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Business to Consumer (B2C)
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    India Gift Cards Market by Application
        8.7.1    Food and Beverages
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Health, Wellness, and Beauty
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Apparel, Footwear, and Accessories
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Books and Media Products
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
        8.7.5    Consumer Electronics
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2016-2020)
            8.7.5.3    Forecast Trend (2021-2026)
        8.7.6    Restaurants and Bars
            8.7.6.1    Market Share
            8.7.6.2    Historical Trend (2016-2020)
            8.7.6.3    Forecast Trend (2021-2026)
        8.7.7    Kids Products
            8.7.7.1    Market Share
            8.7.7.2    Historical Trend (2016-2020)
            8.7.7.3    Forecast Trend (2021-2026)
        8.7.8    Others
    8.8    India Gift Cards Market by Distribution Channel
        8.8.1    Retail
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2016-2020)
            8.8.1.3    Forecast Trend (2021-2026)
        8.8.2    Corporate
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2016-2020)
            8.8.2.3    Forecast Trend (2021-2026)
        8.8.3    Others
9    Market Dynamics
    9.1    SWOT Analysis
        9.1.1    Strengths
        9.1.2    Weaknesses
        9.1.3    Opportunities
        9.1.4    Threats
    9.2    Porter’s Five Forces Analysis
        9.2.1    Supplier’s Power
        9.2.2    Buyer’s Power
        9.2.3    Threat of New Entrants
        9.2.4    Degree of Rivalry
        9.2.5    Threat of Substitutes
    9.3    EMR’s Key Indicators for Demand
    9.4    EMR’s Key Indicators for Price
10    Value Chain Analysis
11    Competitive Landscape

    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Plasto Cards Private Limited
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Creative Cards & Solutions
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Creation Technics India Private Limited
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Plastic Loyalty Cards
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Arahan Infotech
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Others
12    Industry Events and Developments

 

List of Figures and Tables

1.    India Gift Card Market: Key Industry Highlights, 2016 and 2026
2.    India Gift Card Historical Market: Breakup by Card Type (USD Million), 2016-2020
3.    India Gift Card Market Forecast: Breakup by Card Type (USD Million), 2021-2026
4.    India Gift Card Historical Market: Breakup by Product (USD Million), 2016-2020
5.    India Gift Card Market Forecast: Breakup by Product (USD Million), 2021-2026
6.    India Gift Card Historical Market: Breakup by Business Type (USD Million), 2016-2020
7.    India Gift Card Market Forecast: Breakup by Business Type (USD Million), 2021-2026
8.    India Gift Card Historical Market: Breakup by Application (USD Million), 2016-2020
9.    India Gift Card Market Forecast: Breakup by Application (USD Million), 2021-2026
10.    India Gift Card Historical Market: Breakup by Distribution Channel (USD Million), 2016-2020
11.    India Gift Card Market Forecast: Breakup by Distribution Channel (USD Million), 2021-2026
12.    India Gift Card Market Structure

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