Technavio forecasts that the Personalized Gifts Market will increase by USD 14.98 billion, growing at a CAGR of 8.35% from 2023 to 2028. The market’s expansion is driven by several factors, such as the constant development of new products, rising demand for 3D-printed personalized gifts, and the growing popularity of private-label brands. These elements contribute to the market’s growth, showcasing evolving consumer preferences and advancements in technology. The regular introduction of new products keeps the market dynamic and aligned with consumer demands, while 3D printing technology boosts the trend toward customized and unique items. Additionally, the rise of private-label brands highlights consumers' preference for affordable yet high-quality options, driving the market's continuous growth.
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