Argentina Gift Card and Incentive Card Market Report 2021: Market Intelligence and Future Growth Dynamics, Market Size and Forecast 2016-2025
DUBLIN, Nov. 25, 2021 /PRNewswire/ -- The "Argentina Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) - Market Size and Forecast (2016-2025) - Q2 2021 Update" report has been added to ResearchAndMarkets.com's offering.
According to the Q2 2021 Global Gift Card Survey, gift card industry in the country is expected to grow by 13.5% on annual basis to reach US$ 745.7 million in 2021.
Historically, the gift card market in Argentina has recorded a steady growth with a CAGR of 7.0% during 2016-2020.
Gift card market in 2020 was driven a wide range of factors, which supported growth across retail and corporate segments. The primary factors included growth of ecommerce, increased adoption to incentivize employees working remotely, digital gifting, and initiatives undertaken by government, hospitality, and travel industries to revive growth. Though the gift card market was impacted due to COVID-19, the market is expected to bounce back in the coming quarters, especially in H1 2021.
Gift card industry in Argentina has done well to withstand the impact of economic slowdown along with negative business and consumer sentiment due to disruption caused by Covid-19 outbreak.
Despite near-term challenges in 2021, medium to long term growth story of gift cards in Argentina remains strong. The gift card industry in Argentina is expected to grow steadily in H1 2021 and record a strong growth in H2 2021. The growth momentum is expected to continue to grow over the forecast period, recording a CAGR of 11.8% during 2021-2025. The gift card market in the country will increase from US$ 656.8 million in 2020 to reach US$ 1163.5 million by 2025.
This report provides a detailed data centric analysis of gift cards and corporate incentive cards market along with cnsumer behaviour and retail spend dynamics in Argentina. With over 200 KPIs at country level, this report provides comprehensive understanding of gift and incentive card market dynamics.
Closed Loop Gift Card Market Share by Key Retailers
Total Spend on Gifts in Argentina
Gift Card Market Size by KPIs across Consumer Segments in Argentina
Gift Card Market Size by Consumer Segment in Argentina
Digital Gift Card Market Size in Argentina
Gift Card Market Size by Retail Consumer in Argentina
Gift Card Spend by Consumer Behavior and Demographics in Argentina
Gift Card Market Size by Corporate Consumer in Argentina
Gift Spend by Product Categories (Split by Retail and Corporate Consumers) in Argentina
Gift Card Spend by Retail Sector (Split by Retail and Corporate Consumers) in Argentina
Gift Card Spend by Distribution Channel (Split by Retail and Corporate Consumers) in Argentina
For more information about this report visit https://www.researchandmarkets.com/r/2h6tcl
Research and Markets
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