Canada Gift Card and Incentive Card Market Future Industrial Demand and Opportunities

sonia mehta

Canada Gift Card and Incentive Card Market Future Industrial Demand and Opportunities

Overall spending on gifts remained stable in Canada in 2020, despite economic slowdown and reduced celebrations due to lockdowns and people staying away from gatherings. The overall spending on gifts recorded a decline in 2020, with a shift towards gift cards. This has resulted in increased penetration for gift card. Gift card growth over the next 4 quarters in 2021 is expected to improve significantly with improved business and consumer sentiment.

Despite a challenging near-term outlook, the gift card industry in Canada is expected to experience steady growth over the medium term, starting Q2 2021. This will be driven by consumer confidence and retail spending in the country along with increased adoption of corporate incentive and loyalty cards.

In the wake of COVID-19, gift card adoption due to additional use cases. For instance, the Province of Prince Edward Island has partnered with Sobeys to offer gift cards to Islanders who have been laid off due to the pandemic. The Employee Gift Card Program will offer approximately US$ 78.11 (C$100) Sobeys gift card to individuals who are undergoing economic hardships.

According to PayNXT360’s Q4 2020 Global Consumer Gift Card Survey, over 43% of Canadians prefer gifting / receiving gift cards. This is significantly higher than previous year, when gift card was seen as a last minute gifting option. Gift card adoption in sectors such as travel and restaurants sector is expected to increase as companies leverage discounted gift cards to attract consumers.

Interestingly, adoption of digital gift cards and digital channel recorded strong growth in 2020, with Canadian customers reflecting a fundamental shift in behaviour. This trend is expected to continue over the short to medium term.

Moreover, technology is also transforming the way people use gift cards in Canada. In particular, millennials are increasingly purchasing digital gift cards (such as Starbucks) and loading them onto the corresponding retailer app. Increasing number of Canadians are showing a preference for mobile apps that allow for reloading gift cards on their devices compared to carrying around traditional plastic gift cards.

The gift card market in Canada is seeing entrance of international players. Miconex, a Scottish based FinTech firm announced plans expand its footprint to offer gift card programmes in Canada, the US and Ireland, in October 2020. Miconex is engaged with Food Island Partnership to provide Food Island gift card programme for Prince Edward Island. The Food Island Gift Card allows visitors and locals to spend on the Island which could boost tourism.

According to PayNXT360’s Q4 2020 Global Gift Card Survey, gift card industry in Canada is expected to grow by 9.5% on annual basis to reach US$ 6312.2 million in 2021. Despite near-term challenges in 2021, medium to long term growth story of gift cards in Canada remains strong. The gift card industry in Canada 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 7.3% during 2021-2025. The gift card market in the country will increase from US$ 5764.6 million in 2020 to reach US$ 8368.4 million by 2025.

Scope

Total Spend on Gifts in Canada

• By Consumer Segment (Retail and Corporate)

• By Product Categories (13 Segments)

• By Retail Sectors (7 Segments)

Gift Card Market Size by KPIs across Consumer Segments in Canada

• Gross Load Value

• Transaction Value

• Unused Value

• Average Value Per Transaction

• Transaction Volume

• Average Value of Card Purchased

• Number of Cards

Gift Card Market Size by Consumer Segment in Canada

• Retail Consumer

• Corporate Consumer (Small Scale, Mid-Tier, Large Enterprise)

Digital Gift Card Market Size in Canada

• By Retail Consumer

• By Retail Purchase Occasion

• By Corporate Consumer

• By Corporate Purchase Occasion

• By Company Size

Gift Card Market Size by Retail Consumer in Canada

• By Functional Attribute

• By Occasion

1. Festivals & Special Celebration Days

2. Milestone Celebration

3. Self-Use

4. Other

• Value by Purchase Channel

Closed Loop Gift Card Market Share by Key Retailers. Key Retailers Covered Include:

1. George Weston Ltd

2. Wal-Mart Stores Inc

3. Empire Co Ltd

4. Costco Wholesale Corp

5. Metro AG

6. Canadian Tire Corp Ltd

7. Home Depot Inc, The

8. Liquor Control Board of Ontario

9. Hudson's Bay Co

10. Home Hardware Stores Ltd

11. Best Buy Co Inc

12. Apple Inc

For In-depth Understanding @ https://bit.ly/3pgxQnz

sonia mehta

Flavors Fudge

Jimmy Andrews 2021-04-06

At Gold Coast Confectionery, owned and operated in Gold Coast we’ve been creating our homemade fudge 3 years.

Over the years, our fudge has maintained a consistently soft, creamy and delectable flavor.

We are able to cater for everything from some fudge to fulfill a candy craving to favours for weddings and cooperate presents - fudge gold coast.We are dedicated to providing fast, affordable and quite literally.

Over the years our market has grown substantially but our fudge has remained absolutely the same: soft, creamy and utterly phenomenal tasting.Our beautiful gifts are custom poured with your choice of flavor or multiple flavors and sent directly to your recipient.

The specialty gift boxes are also a wonderful way to show your appreciation for teachers, clients and more - fudge online australia.All of our fudge contains ingredients that are processed on equipment and with utensils that come into contact with peanuts.

We have over many flavors of fudge you can present in a variety of ways from quarter-pound and half-pound fudge tubs and larger fudge gift packages to six-pound fudge party bars for the buffet.

Family Gift Giving Ideas

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Holidays get extra special when you are spending them with your family.

But gifting during a festival, buying gifts for all of them can get tough.

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The global Security Spending Market is estimated to be valued at US$152. With the increasing digitization of businesses and the growing complexity of security threats, organizations are shifting towards cloud-based security solutions that offer scalability, flexibility, and cost-effectiveness. The dominant segment in this market is the cybersecurity solutions segment. The rise in digitization and cloud adoption has further fueled the demand for security spending solutions. These companies offer a wide range of security solutions and services, including network security, endpoint security, and cybersecurity consulting. The global Security Spending Market is estimated to be valued at US$152. With the increasing digitization of businesses and the growing complexity of security threats, organizations are shifting towards cloud-based security solutions that offer scalability, flexibility, and cost-effectiveness. The dominant segment in this market is the cybersecurity solutions segment. The rise in digitization and cloud adoption has further fueled the demand for security spending solutions. These companies offer a wide range of security solutions and services, including network security, endpoint security, and cybersecurity consulting.

Wentworth Estate Architect – How To Choose The Best Today

christopherdavid 2021-11-13

Is it true that you are needing an architect?

Here are the means that you ought to continue to track down the right one for you.

You need to accumulate a list of the most legitimate Architect in Staines that you have gone over or known about.

If you don't know about any expert, you ought to ask your companions or relatives to allude you to the ones that they are aware of.

At the point when you get a proposal, you should visit the building and assess the nature of the development.You need to likewise counsel various individuals who have worked with the architect and see whether the Wentworth Estate Architect is not difficult to work with.

You ought to likewise enquire if the architect finished the undertaking on schedule and regardless of whether he/she remained inside the spending plan.

How much should You spend on a down comforter?

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There are a certain things you should think about before purchasing a down comforter, such as the appropriate warmth level, the various weaves, how to choose the optimum size, etc. Below following, these some key factors and your requirements are decisive that how much you should spend on a down comforter while buying. Check the fill power and fill weight of a possible comforter to determine the ideal level of warmth. Because of the increased thread count, comforters cost more money. In comparison to a comforter with a thread count under 800, a comforter with a high thread count may only last a few years.

Global Security Spending Market Is Estimated To Witness High Growth Owing To Increasing Cyber Threats

Ashish Thapa 2023-09-08

With the increasing reliance on technology and digitalization, the need for robust security measures has become crucial. The market offers a wide range of solutions such as network security, endpoint security, cloud security, and application security. The global Security Spending Market Size is estimated to be valued at US$152. - North America is projected to be the fastest-growing and dominating region in the Security Spending Market. In conclusion, the global Security Spending Market is witnessing significant growth due to the increasing prevalence of cyber threats.

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