The Future of Giftware
: Trends You Will Love in 2023

Show To Toronto - wholesale home decor giftware tradeshow toronto 2022

The giftware industry has never been more competitive. With a growing population and an aging population, Canadians are constantly on the hunt for gifts that will inspire them and their loved ones. This demand for quality, affordable giftware in Canada has never been higher.
From a lifestyle perspective, the ease of gifting in the digital world has only made this demand even more prevalent. Consumers are looking for products that are both beautiful and functional. Here are some trends you will love in 2023 that will help to positively influence customers’ experiences with a brand.

1.Convenience is key to keep customers happy.

Digital products such as eGifts, GIFT Cards, and mobile apps

Giftware used to be associated with weddings, birthdays, and special occasions. However, the convenience of online gifting has made the product a daily part of consumer’s everyday life. Digital products such as eGifts, GIFT Cards, and mobile apps have made it easy to gift and collectibles have been made more accessible to a wider audience.

2. In-store pickup or deliveries are going the way of the high street.

In-store pickup

With the rise of eCommerce and the convenience of online gifting, it’s become more challenging to find a retail location that offers in-store pickup or deliveries. With the rise of online shopping, most retailers now offer select stores that allow customers to make online orders and pick them up at a later date.

3. Smart connected devices have a major influence on product design in 2023

Show To Toronto - wholesale home decor giftware tradeshow toronto 2022

This year will see a major change in the way we interact with products. We are going to see the rise of the “fifth mode” in consumer electronic devices. We will also see a growing number of gadgets, including smartphones, which will come with facial recognition and other smart features.

4. An “evolve or die” strategy will drive product development in 2022.

Show To Toronto - wholesale home decor giftware tradeshow toronto 2022

As people become more accustomed to receiving gifts on a daily basis, the desire for unique, meaningful gifts will remain high. Consumers will continue to look for products that stand out from the crowd. This trend will be accompanied by a decline in the average age of consumers who are gifting.

5. The rise of eCommerce is bringing new platforms and new forms of payment to market.

new forms of payments ecommerce

eCommerce generated $116 billion in sales in 2016 across a vast array of industries. This figure is likely to rise to $143 billion in 2022, making eCommerce the industry’s largest single market. It is also worth noting that the number of online retailers will nearly double over the next five years.

The world is changing and so are the methods of payment. With the emergence of mobile commerce and the booming ecommerce industry, more and more people are using their mobile phones to purchase products.

The pressure is on to ensure that your ecommerce website can take advantage of this new trend in order to keep up with the competition.The most common payment options on ecommerce websites are credit cards and PayPal. But online shoppers are increasingly using other forms of payment, including Apple Pay, Google Wallet and Square Cash.

There are many new ecommerce platforms and new forms of payment for ecommerce.

The most popular of these is Amazon, which has been around since 1995. It offers a wide range of products and services, which makes it a lucrative choice for many businesses.

Other notable platforms include eBay, which was established in 1995, and Etsy, which was founded in 2005. The new ecommerce platforms are coming to the fore and you can now buy almost anything online. 

Here are some of the most popular ecommerce platforms and new forms of payment for ecommerce that you should consider using when setting up your store:

PayPal – .

Amazon Payments – 

Shopify Payments – 

Show To Toronto - wholesale home decor giftware tradeshow toronto 2022

Summary

Giftware has always been at the center of weddings, birthdays, and other special occasions. However, the convenience of online gifting has made the product a daily part of consumer’s everyday life. Digital products such as eGifts, GIFT Cards, and mobile apps have made it easy to gift and collectibles have been made more accessible to a wider audience. In 2023, more people than ever before are going to love gifts, and giftware businesses are in for a treat.

Also Read5 Timeless Home Decor Gift Ideas in Canada 2022

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