Gift Card Market size is projected to reach multi-million by 2026, in comparison to 2021, at an unexpected CAGR % during 2022-2026.
A gift card is a stored value card that is usually issued by a retailer or bank. And it is used as a substitute for cash. Gift cards issued by retailers and marketers are also as part of a promotional strategy to attract recipients to come in or return to the store. These cards are usually only available at the relevant retail outlets, and these cannot be redeemed. Generally, the card has expiration dates or fees. Moreover, one feature of these cards is that they are usually anonymous and discarded when the stored value on the card is exhausted.
The Gift Card market revenue was Million USD in 2016, grew to Million USD in 2021, and will reach Million USD in 2026, with a CAGR of % during 2021-2026.
Considering the influence of COVID-19 on the global Gift Card market, this report analyzed the impact from both global and regional perspectives. From production end to consumption end in regions such as North America, Europe, China, and Japan, the report put emphasis on analysis of market under COVID-19 and corresponding response policy in different regions.
This report also analyzes the strategies for different companies to deal with the impact of COVID-19 in detail to seek a path to recovery.
Under COVID-19 Outbreak, how the Gift Card Industry will develop is also analyzed in detail in Chapter 1.8 of this report.
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