Global Decorative Latex Balloons Market Size, Share, and Trends Analysis Report, By Type (Round Latex Balloons, Heart Shaped Latex Balloons, Animal Shaped Latex Balloons, and Others), By Application (Commercial, Residential, and Others), and By Distribution Channel (Online and Offline) Forecast Period (2022-2028)

The global decorative latex balloons market is anticipated to grow at a CAGR of 5.2 % during the forecast period (2022-2028). Decorative latex balloons are the golden standard of party balloons. They can be made from rubber, latex, polychloroprene, or nylon fabric. These are elastic and are designed to take up air and expand up to 5x more than their normal size. Latex balloons are the most affordable out of the different types available, this makes them perfect for buying in bulk for bigger events. Latex is a very versatile material it can be filled with helium, air, or water. The benefits associated with decorative latex balloons such as durability and affordability is expected to accelerate the market growth during the forecast period.

The decorative latex balloons have shown significant growth during the forecast period as there is a rapid increase in the number of events and event management companies. For instance, in July 2022, a new start-up of an event management company, “The Stars India” was launched in the Bhopal with an objective to curate events based on customer experiences. The company stated that the services will be expanded to the central India level. While after around two years will plan to leverage the ‘The Stars India’ event and marketing services across India.”

The growing disposable income coupled with the increasing spending power across the globe is further propelling the growth of the market during the forecast period. Furthermore, the surge in the innovation of party latex balloons along with the rising number of balloons activities is a key factor in the growth of global decorative latex balloons during the forecast period.

Some major players in the market include Gemar Balloons, Pioneer Balloon, Amscan, BELBAL, Xingcheng, CTI Industries, Maple City Rubber, Colour Way, and others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in October 2021, Gemar launched a new range of balloons that are 100% FSC-certified (FSC C155424). This means that all the materials derived from forests used in manufacturing both the balloons and the packaging come from sustainably managed forests.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
  • By Distribution Channel
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Gemar Balloons, Pioneer Balloon, Amscan, BELBAL, Xingcheng, CTI Industries, Maple City Rubber, Colour Way, and others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Decorative Latex Balloons Market Report by Segment

By Type

• Round Latex Balloons
• Heart-Shaped Latex Balloons
• Animal-Shaped Latex Balloons
• Others

By Application

• Commercial
• Residential
• Others

By Distribution Channel

• Online
• Offline