September 15, 2020 08:02 AM Eastern Daylight Time
DUBLIN–(BUSINESS WIRE)–The “Argentina Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) – Market Size and Forecast (2015-2024) – Covid-19 Update Q2 2020” report has been added to ResearchAndMarkets.com’s offering.
The adverse economic growth over the last few years has negatively impacted the overall gifting industry. The author expects growth of gift card industry to remain subdued in 2020.
“Argentina Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) – Market Size and Forecast (2015-2024) – Covid-19 Update Q2 2020”
However, medium to long term growth story of gift cards in Argentina remains strong. In value terms, the gift card market in Argentina has recorded a CAGR of 16.6% during 2015-2019.The gift card industry in Argentina will continue to grow over the forecast period and is expected to record a CAGR of 12.5% during 2020-2024. The gift card market in the country will increase from US$ 779.6 million in 2019 to reach US$ 1050.8 million by 2024.
Nearly half of the population in Argentina is unbanked or underbanked. This means there is a huge growth potential for prepaid cards and gift cards in the country. Another factor that is leading to the growth of the gift card market in Argentina includes corporate spending. Many organizations are using gift cards as a tool to offer rewards and incentives to their employees. Growing adoption of the corporate sector is one of the primary factors pushing the gift card market in Argentina.
Some of the key third party players in the gift card industry include treatgiftcards.com and giftly.com. Adoption of gift card is increasing steadily on e-commerce platforms and in-store purchases.
Another emerging trend in Argentina is purchase of gift cards through cryptocurrencies, using platforms such as CGift gift cards. CGift has collaborated with South American wallet and crypto solutions provider Lemon Cash, which will allow purchase of redeemable digital cryptocurrency gift cards. This partnership is likely to boost and provide support for the growth of the gift card industry in the country.
This report provides a detailed data centric analysis of gift cards and corporate incentive cards market along with consumer 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.
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 Card 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
Closed Loop Gift Card Market Share by Key Retailers. Key Retailers Covered Include:
For more information about this report visit https://www.researchandmarkets.com/r/etngx2
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