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| Market size in 2024 | US$ 456.7 million |
Forecast Market size by 2030 | US$ 634.5 million |
|---|---|---|---|
| Growth Rate | CAGR of 5.6% | Number of Pages | 112 Pages |
The global Paper Lanterns market size was valued at US$ 456.7 million in 2024 and is projected to reach US$ 634.5 million by 2030, at a CAGR of 5.6% during the forecast period 2024-2030.
The United States Paper Lanterns market size was valued at US$ 134.5 million in 2024 and is projected to reach US$ 178.9 million by 2030, at a CAGR of 4.9% during the forecast period 2024-2030.
Paper Lanterns are decorative light fixtures made from paper or fabric, used for events and home decoration.
The global Paper Lanterns market is experiencing steady growth, driven by event decoration demand. In 2023, total unit sales reached 180 million, with event planners accounting for 50% of demand. The home decoration segment is growing at 6.5% annually. The market saw a 18% increase in demand for LED-integrated lanterns in 2023. Traditional paper lanterns dominate with a 70% market share, while battery-powered versions are growing at 7.5% annually. Asia Pacific leads with a 45% market share, while North America is the fastest-growing region at 6.2% CAGR. The industry is focusing on developing weather-resistant materials, with a 20% growth in R&D investments.
Report Overview
A paper lantern is a lantern made of thin, brightly colored paper.
This report provides a deep insight into the global Paper Lanterns market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Paper Lanterns Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Paper Lanterns market in any manner.
Global Paper Lanterns Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Just Artifacts
Beistle
Cultural Intrigue
PAXCOO
Talking Tables
Wah Lee
PaperLanternStore
Market Segmentation (by Type)
Traditional
With Lights
Market Segmentation (by Application)
Wedding Company
Home
Supermarket
Geographic Segmentation
| Report Attributes | Report Details |
|---|---|
| Report Title | Paper Lanterns Market, Global Outlook and Forecast 2024-2030 |
| Market size in 2024 | US$ 456.7 million |
| Forecast Market size by 2030 | US$ 634.5 million |
| Growth Rate | CAGR of 5.6% |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 112 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
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