Core Insights - The Mid-Autumn Festival and National Day holidays have merged this year, creating the longest holiday period of the year, which has led to a shift in the gift box market dynamics [1] - The market for gift boxes has seen a trend towards more affordable pricing, with popular products priced around 99 yuan for four boxes or 100 yuan for five boxes, indicating a stabilization in the market after a previous decline [1][2] - The overall pricing of mainstream gift boxes has decreased compared to last year, with many items priced below 100 yuan, contributing to a higher market activity than the same period last year [1][2] Market Trends - Manufacturers and distributors are adopting a more rational mindset, with some well-known brands pricing their gift boxes low and operating on thin margins to boost sales [2] - Despite the introduction of affordable gift boxes, some distributors report a decline in market activity, with sales down by 20-30% in certain areas [2] - The fast-moving consumer goods (FMCG) gift box market has been weak in recent years, particularly during the Spring Festival, where sales initially surged but then dropped significantly, impacting the performance of related listed companies [2] Consumer Behavior - The shift towards affordable gift boxes is influenced by multiple factors, including criticism of "sky-high gift box prices" and a changing consumer mindset that values actual worth over extravagant packaging [3] - The past two years of sluggish gift market performance reflect consumer resistance to overly luxurious products, prompting companies to adjust their strategies to offer more reasonably priced options [3]