Dublin, Oct. 12, 2020 (GLOBE NEWSWIRE) — The “Belgium 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.
Gift card industry in Belgium has been impacted in the second quarter of 2020 due to reduced celebrations. The author expects a bounce back towards end of third quarter. However, impact on gift card sector due to socio-economic environment driven by Covid-19 outbreak is expected to be less than overall gifting industry. This also means that gift card penetration in Belgium will increase more than previous forecast.
Over the medium to long term, value proposition and growth dynamics of gift card industry remains steady.
In value terms, the gift card market in Belgium has recorded a CAGR of 14.2% during 2015-2019.The gift card industry in Belgium will continue to grow over