Global Gift Cards Sales Market Report 2023

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.

Market Analysis and Insights: Global Gift Cards Market

Due to the COVID-19 pandemic, the global Gift Cards market size is estimated to be worth US$ 414740 million in 2022 and is forecast to a readjusted size of US$ 643150 million by 2029 with a CAGR of 6.5% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Universal Accepted Open Loop accounting for % of the Gift Cards global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Restaurant segment is altered to an % CAGR throughout this forecast period.

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.

Global Gift Cards Scope and Market Size

The global Gift Cards market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Gift Cards market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.


Segment by Type


Universal Accepted Open Loop

E-Gifting

Restaurant Closed Loop

Retail Closed Loop

Miscellaneous Closed Loop


Segment by Application


Restaurant

Retail

Coffee Shop

Entertainment

Others

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


Amazon

ITunes

Walmart

Google Play

Starbucks

Home Depot

Walgreens

Sephora

Lowes

Carrefour

JD

Best Buy

Sainsbury's

Macy's

Virgin

IKEA

H&M

Zara

AL-FUTTAIM ACE

JCB Gift Card