Luxury Packaging Market Overview
The high potential in emerging economies has set a strong base for the expansion of the luxury packaging market. Reports that investigate the packaging and transport industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is aiming to expand at a CAGR of 4.8 % in the forecast period.
The integration of sustainable elements in the luxury packaging being produced currently is expected to motivate the market in the forecast period. An upsurge in expenditure on luxury products due to rising disposable income levels is anticipated to bolster the luxury packaging market further. Also, the demand for novelty in packaging on luxury products is anticipated to motivate the market in the forecast period.
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Key Players
The outstanding contenders in the luxury packaging market are
- HH Deluxe Packaging (U.K.)
- Ekol Ofset (Turkey)
- Amcor Limited (Australia)
- Design Packaging, Inc. (U.S.)
- Elegant Packaging (U.S.)
- MW Creative Ltd (U.K.)
- Pendragon Presentation Packaging Ltd (U.K.)
- DS Smith Plc (U.K.)
- Lucas Luxury Packaging (Ireland)
- Winter & Company AG (Switzerland)
- CLP Packaging Solutions Inc. (U.S.)
Segmental Analysis
The segmental evaluation of the luxury packaging market has been carried out on the basis of end-user, material, and region. Based on the materials, the luxury packaging market is segmented into plastic, paperboard material, glass, and others. The luxury packaging market on the basis of end-user is segmented into personal care & cosmetics, food & beverage, confectionery, and others. Based on the regions, the luxury packaging market is segmented into North America, Europe, Asia Pacific and Rest of the World (RoW).
Detailed Regional Analysis
The examination of the regions in the luxury packaging market includes North America, Europe, Asia Pacific, and Rest of the World (RoW). As per the study, the European region governs the luxury packaging market. The growing quantity of flagship stores in the region is driving the development of the market. A rise in online sales is also a progress factor for the market in the European region. The upsurge in expenditure on luxury product by tourists creates an optimistic influence on the development of the region. The nations of Germany, U.K., and France are the chief markets in the region. Moreover, the region is home to key luxury packaging manufacturers. This also offers further lifts the expansion of the market. The Asia Pacific region is expected to have the uppermost CAGR throughout the forecast period. Japan, China, India, Australia, and Indonesia are the main markets in the Asia Pacific region. An upsurge in the spending capacity in the region is also driving the development of the market. Moreover, the accessibility of raw materials and reduced labor cost, together form an optimistic influence on market development. China is accredited for the major share of the luxury packaging market in the Asia Pacific region. The North American region is another key market for luxury packaging. Intensification in sales of personal luxury products in the region is impelling the progress of the market. The Latin American and Middle East & African regions are also anticipated to prime the growth in the forecast period owing to collective demand from the e-commerce sector and development by global luxury manufacturers.
Competitive Analysis
The governments around the world have also played a substantial role in the growth of the luxury packaging industry in recent years. The intensification of investors in the market has played a pivotal role in the progress of the market. The market has developed an incremental pace in the past few years, which is highlighted by the achievements in terms of valuation. The development of the resources needed to sustain against competition has improved greatly leading to an unprecedented growth rate. The reduction in the barrier to trade is expected to offer new areas for growth in the upcoming years. Also, the competition being observed in the market is not detrimental to the individual player’s development in the market. The monetary inflows in the market are being directed towards increasing the innovations in the core product offering offered in the market so that the growth doesn’t stagnate in the forthcoming period.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continues….
List Of Tables
Table 1 Global Luxury Packaging Market: By Region, 2017-2023
Table 2 North America Luxury Packaging Market: By Country, 2017-2023
Table 3 Europe Luxury Packaging Market: By Country, 2017-2023
Table 4 Asia Pacific Luxury Packaging Market: By Country, 2017-2023
Table 5 RoW Luxury Packaging Market: By Country, 2017-2023
Table 6 Global Luxury Packaging Market, By Material, By Regions, 2017-2023
Continues….
List Of Figures
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
Continues…..
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