Global Luxury Packaging Market, By Product (Rigid Box, Cartons, Bags, Slipcases, Folders), Packaging (Perfumes, Cosmetics, Fashion and Eyewear, Wine and Alcohol, Pastries and Sweets), Application (Personal Care, Food and Beverages, Confectionary, Others), End-Users (Food and Beverage Industry, Retail and Consumer Products) – Industry Trends and Forecast to 2029
Market Analysis and Size
Luxury packaging is a method used for growing brand appeal and signify the aesthetic appeal of the product, helping the manufacturer of the product to considerably increase the chances of their products standing out. These packaging techniques are more often used to grow the product value rather than protect the package from situations. Growing adoption of sustainable packaging solutions and upsurge in the number of product launches in cosmetic and fashion sector is the major factors which is increasing the growth of the market and also
Data Bridge Market Research analyses that the luxury packaging market was valued at USD 17.45 billion in 2021 and is expected to reach USD 25.35 billion by 2029, registering a CAGR of 4.78% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Product (Rigid Box, Cartons, Bags, Slipcases, Folders), Packaging (Perfumes, Cosmetics, Fashion and Eyewear, Wine and Alcohol, Pastries and Sweets), Application (Personal Care, Food and Beverages, Confectionary, Others), End-Users (Food and Beverage Industry, Retail and Consumer Products)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
Amcor Plc (Australia), HH Deluxe Packaging (U.K.), Ekol Ofset (Turkey), DS Smith (U.K), Pendragon Presentation Packaging Ltd (UK.), MW Creative Ltd (U.K.), Winter and Company AG (Switzerland), Lucas Luxury Packaging (Ireland), CLP Packaging Solutions Inc. (U.S.), PRESTIGE PACKING INDUSTRY (UAE), Crown Equipment Corporation (US), GPA Global (China), Pendragon Presentation Packaging Ltd (UK), Ardagh Group S.A (Luxembourg), Design Packaging, Inc. (U.S.), Elegant Packaging (India), McLaren Packaging Ltd, (U.K.), Progress Packaging Ltd (U.K.)
Luxury packaging is a kind of packaging. It is the design for a high-end product. Where the box is an important part of the product, it reflects and becomes a part of the brand. The packaging of a luxury product is part of the brand’s image and consumers are willing to spend more on these products if the packaging looks luxurious and appealing as well as adding to the value of the product, luxury packaging fulfils numerous other roles, it improves the image of the brand, increases consumer engagement through personalized packaging.
Luxury Packaging Market Dynamics
- Customization and Personalization
The demand of digital printers increase in several parts of the globe due to their great benefits in personalised gift products this trend carries strong implications for the luxury packaging industry. Personalised printed products are now being delivered by various leading brands, with consumption peaking during gifting occasions, such as Valentine’s Day and Christmas due to this increase the demand of luxury packaging for the packaging of these products during this period which are expected to drive the growth of the luxury packaging market.
- Rise the demand of eco-friendly packaging
The use of biodegradable and sustainable packaging is an important driver for the market. Several companies are steadily prioritizing the sustainable development over other option, as the consumers are becoming more and more aware regarding environment and are looking for out more sustainable lifestyle choices. The ecological make-up box which has produced by Giorgio Armani is intended to increase the awareness toward an eco-friendly environment.
- Increase in adoption due to paperboard
Paperboard is one of the most popular material which is used materials in luxury packaging. Some of the other material used in which include plastic, metal, glass, and wood, among others. Most of the raw materials used because these are easily source able and, at the same time, help to create a sense of best quality in the minds of customers.
Increase in the number of product launches, especially in the fashion industry and cosmetic sectors is driving the growth of the luxury packaging market. One of the significant trends, which has been observed by several manufacturers in recent times is the use of bio-degradable, sustainable, or eco-friendly packaging. Thus, manufacturers are progressively investing in advanced technology and innovation so as to provide manufacturers with sustainable luxury packaging and this is increasing the opportunities for the growth of the market. Additional factor which is boosting the growth of the market is the increasing penetration of online retail and travel retail. The travel retail market is increasing at a high pace and is developing as an opportunity for upcoming growth of the global luxury packaging market.
The luxury packaging market has been growing enormously in the global market but some factors restrain the growth of the market such as high initial capital investment which has been required for starting the manufacturing unit for doing the packaging work hampers the growth of the luxury packaging market. The use of bulky and heavy-weight packaging also hampers the growth of the luxury packaging market globally.
This luxury packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the luxury packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Luxury Packaging Market
The situation of this global pandemic of COVID-19 has vigorously affected the several industries. Now, the people has faced financial crises along with health issues. The outbreak of this global pandemic has influenced the economies into forced recession. During the post lockdown and lockdown situation, most of the manufacturing units were closed which has reduced the market revenue of the luxury packaging market. However, after sometime, the demand for luxury packaging has augmented due to an increasing awareness about packed food for safety purposes and it is also anticipated that the luxury packaging market will improve moreover in the second quarter of the upcoming year.
- In June 2021, Amcor introduced an advanced heat seal medical packaging solution for paper packaging and medical applications; the ACT2100 offers augmented productivity and it is available globally. This next-generation coating technology has features for healthcare uses and also provides documents for guidelines in all markets.
- In September 2020, Delta Global produced an eco-friendly and innovative packaging solution for Heat's high-end fashion mystery box service. With innovation and sustainability taking center stage, this partnership goals to reinforce both the brands' and mitigate the fashion industry's impact on climate change.
Global Luxury Packaging Market Scope
The luxury packaging market is segmented on the basis of products, packaging, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Rigid Box
- Fashion and Eyewear
- Wine and Alcohol
- Pastries and Sweets
- Personal Care
- Food and Beverages
- Food and Beverage Industry
- Retail and Consumer Products
Luxury Packaging Market Regional Analysis/Insights
The luxury packaging market is analysed and market size insights and trends are provided by country, products, packaging, application and end-user as referenced above.
The countries covered in the luxury packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the luxury packaging market in terms of revenue and market share during the forecast period. This is due to the increasing demand for luxury packaging in this region. North America region leads the Luxury Packaging market due to increasing investment in advanced technology and innovation so as to provide manufacturers with sustainable luxury packaging, increase in the number of product launches, especially in the fashion and cosmetic sectors in this region.
During the projected period, Asia-Pacific is anticipated to be the fastest developing region due to increase in product launches, especially in the cosmetic and fashion sectors and gradually investing in advanced technology so as to provide producers with supportable luxury packaging in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Luxury Packaging Market Share Analysis
The luxury packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to luxury packaging market.
Some of the major players operating in the luxury packaging market are
- Amcor Plc (Australia)
- HH Deluxe Packaging (U.K.)
- Ekol Ofset (Turkey)
- DS Smith (U.K.)
- Pendragon Presentation Packaging Ltd (UK.)
- MW Creative Ltd (U.K.)
- Winter and Company AG (Switzerland)
- Lucas Luxury Packaging (Ireland)
- CLP Packaging Solutions Inc. (U.S.)
- PRESTIGE PACKING INDUSTRY (UAE)
- Crown Equipment Corporation (US)
- GPA Global (China)
- Pendragon Presentation Packaging Ltd (UK)
- Ardagh Group S.A (Luxembourg)
- Design Packaging, Inc. (US)
- Elegant Packaging (India)
- McLaren Packaging Ltd, (UK)
- Progress Packaging Ltd (UK)