In 2023, the market was valued at USD 1.65 billion and is expected to reach USD 2.87 billion by 2030, growing at a CAGR of 7.8%. The surge in disposable income, increasing interest in party decorations, and the growing popularity of themed events are some of the primary factors contributing to the market’s expansion. Additionally, the rise in the number of events, ranging from corporate parties to personal celebrations, has further fueled the demand for decorative balloons.