HS Code:
The Gift Wrap (other than tissue) category, classified under HS Code 481190 (which includes paper, paperboard, cellulose wadding, and webs of cellulose fibers, coated, impregnated, covered, surface-colored, surface-decorated, or printed, in rolls or sheets, often used for gift wrapping), encompasses a variety of decorative wrapping materials used for packaging gifts. These products are typically made from paper or plastic and are often printed with designs or patterns to enhance aesthetic appeal. This category excludes tissue paper, which falls under a separate classification. The global trade of gift wrap products is driven by consumer demand during festive seasons, cultural celebrations, and personal gifting occasions. The market is influenced by trends in sustainable packaging, with a growing preference for eco-friendly and recyclable materials.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 450 million
37.5% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Stable
USD 120 million
10.0% of total trade of total trade
Increasing
USD 80 million
6.7% of total trade of total trade
Stable
USD 60 million
5.0% of total trade of total trade
Increasing
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU internal trade or USMCA)
Shift towards sustainable materials
Increased demand for eco-friendly gift wrap made from recycled paper or biodegradable plastics, influencing production and trade patterns.
2021-2023
Rise in e-commerce gifting
Growth in online retail has boosted demand for pre-packaged gift wrap solutions, driving trade volumes through logistics hubs.
2020-2022
Customization and personalization
Consumers are increasingly seeking personalized gift wrap designs, leading to niche market growth and higher value per unit in trade.
2019-2023
The European Union introduced stricter regulations on packaging materials, mandating a higher percentage of recyclable content in gift wrap products.
March 2023
Exporters to the EU must adapt to new standards, potentially increasing production costs but also opening opportunities for sustainable product innovators.
A revised trade agreement reduced tariffs on certain paper products, including gift wrap, between the US and China.
January 2023
This has led to an increase in Chinese gift wrap exports to the US, strengthening China's position as the leading exporter.
India launched initiatives to promote handmade and artisanal gift wrap products under its 'Make in India' campaign, targeting export markets.
September 2022
This has resulted in a gradual increase in India's trade volume, particularly in niche markets valuing traditional craftsmanship.