Greeting Cards Market Business Outlook and Innovative Trends
According to a new report from Intel Market Research, Global Greeting cards market was valued at USD 6.86 billion in 2024 and is projected to reach USD 5.77 billion by 2032, reflecting a negative CAGR of 2.5% during the forecast period (2025–2032).
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This moderate contraction is driven by shifting consumer communication preferences towards digital channels, although the market retains significant cultural relevance due to the enduring emotional resonance of traditional card-giving.
What are Greeting Cards?
Greeting cards are printed or digitally designed paper products featuring personalized messages, artwork, and photographs to commemorate a wide range of personal and professional occasions. Serving as tangible expressions of sentiment, they are categorized primarily into seasonal cards for holidays and events and everyday cards for general use, with materials spanning from standard paper to premium embossed and eco-friendly finishes. While the market is mature, its core value proposition remains the conveyance of personal connection and thoughtfulness in an increasingly digital world.
This report provides a comprehensive analysis of the global greeting cards market, offering insights from a macro overview to micro-details including market size, competitive dynamics, development trends, niche segments, key drivers, challenges, SWOT analysis, and the industry value chain.
The strategic analysis helps readers to understand the competitive forces at play and identify pathways to profitability, while profiling the operational and market positioning of major players. This allows industry professionals to benchmark performance and refine their competitive strategies effectively.
In short, this report is essential reading for industry participants, investors, researchers, consultants, business strategists, and all stakeholders with an interest or planned involvement in the greeting cards market.
Key Market Drivers
1. Rising Importance of Personalization and Customization
The demand for personalized greeting cards has surged, driven by consumers seeking unique and meaningful ways to connect. Advanced printing technologies and online platforms now enable custom designs incorporating personal photos and messages, a trend particularly strong among younger demographics who value authenticity. This demand has pushed manufacturers to expand bespoke offerings, thereby creating a high-value niche that helps counterbalance volume declines in the standard card segment.
2. Sustained Demand for Seasonal and Holiday Cards
Seasonal events remain a cornerstone of the market, with holidays like Christmas, Valentine's Day, and Mother's Day consistently generating significant sales volume. The cultural tradition of exchanging physical cards during these periods provides a stable and predictable revenue stream. For instance, the Christmas period alone accounts for a substantial portion of annual sales for major retailers, underscoring the enduring nature of this consumer habit.
Furthermore, the expansion of e-commerce has made purchasing greeting cards more convenient, broadening the customer base beyond traditional brick-and-mortar stores. Online retailers offer vast selections and subscription services, catering to last-minute shoppers and providing an incremental growth channel that partially offsets the broader market's decline.
Market Challenges
- Intense Competition from Digital Alternatives – The proliferation of free e-cards, social media greetings, and instant messaging apps presents a fundamental challenge. These digital alternatives offer convenience and immediacy, appealing strongly to younger, cost-conscious consumers and forcing traditional card companies to continuously innovate the value proposition of physical cards.
- Rising Production and Supply Chain Costs – Volatile costs for paper, printing, and global logistics directly pressure profit margins. Concurrently, rising environmental concerns are increasing costs associated with sustainable material sourcing and production.
- Market Saturation in Mature Economies – In established markets like North America and Europe, high competition and a mature consumer base limit volume growth, compelling players to compete primarily on innovation and market share capture rather than market expansion.
Emerging Opportunities
The industry is adapting to new consumer behaviors and technologies to unlock future growth, with significant potential in several key areas. This strategic pivot is crucial for navigating the current market contraction and securing long-term relevance.
- Expansion into Emerging Markets
- Integration of Augmented Reality (AR) and Technology
- Diversification into Non-Traditional Occasions
Collectively, these strategies are expected to open new revenue streams, enhance product appeal, and drive engagement in both new and existing markets.
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Regional Market Insights
- North America: Dominates the global market, holding the largest share, driven by deeply ingrained cultural traditions of card-giving and the presence of industry giants like Hallmark and American Greetings. The market is characterized by a highly developed retail ecosystem and a growing trend towards premium, personalized products.
- Europe: Represents a mature and stable market, with the UK exhibiting one of the highest per capita card-sending rates globally. The regional market shows a strong inclination towards eco-conscious products and supports a vibrant landscape of independent publishers and artists.
- Asia-Pacific: This is the fastest-growing regional segment, fueled by rising disposable incomes, urbanization, and the adoption of Western celebration customs alongside traditional festivals, creating a dynamic and expanding consumer base.
- Latin America, Middle East & Africa: These regions present nascent but promising growth opportunities, driven by economic development, growing middle-class populations, and the cultural significance of gifting during major festivals and celebrations.
Market Segmentation
By Type
- Everyday Greeting Cards
- Seasonal Greeting Cards
By Application
- Personal Cards
- Business Cards
- Others
By Distribution Channel
- Supermarkets & Hypermarkets
- Specialty Stores
- Online Retail
- Other
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
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Competitive Landscape
The market is highly concentrated, with Hallmark Cards and American Greetings collectively controlling a dominant share of over 85%. These established players leverage extensive distribution networks and decades of brand equity. However, the landscape also includes successful value-oriented retailers like Card Factory and digitally-native innovators such as MOO, which are gaining traction through unique business models and targeted offerings.
The report provides an in-depth competitive profiling of key industry participants, including:
- Hallmark Cards
- American Greetings
- Card Factory
- Schurman Retail Group (Papyrus)
- CSS Industries Inc. (IG Design Group)
- Avanti Press
- Simon Elvin
- Myron Manufacturing Corp.
- MOO
- Herbert Walkers Ltd
- UK Greetings
- Pomegranate Communications
Report Deliverables
- Global and regional market forecasts from 2025 to 2032
- Strategic insights into product innovation, consumer trends, and technological integration
- Market share analysis and SWOT assessments of key players
- Pricing trend analysis and retail dynamics
- Comprehensive segmentation by type, application, distribution channel, and geography
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About Intel Market Research
Intel Market Research is a leading provider of strategic intelligence, offering actionable insights in consumer goods, retail, and lifestyle products. Our research capabilities include:
- Real-time competitive benchmarking
- Global retail and consumer trend monitoring
- Country-specific market and regulatory analysis
- Over 500+ market analysis reports annually
Trusted by Fortune 500 companies, our insights empower decision-makers to drive innovation with confidence.
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