Global Luxury Packaging Market By Material (Glass, Metal, Wood, Plastic, Paperboard, Others), Type (Folders, Cartons, Rigid Boxes, Bags, Slipcases, Others), Application (Personal Care, Food & Beverages, Confectionary, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Luxury Packaging Market
Global Luxury Packaging Market is expected to grow with a conservative CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018, and the historic year of 2017. This rise in market value can be attributed to the increase in overall expenses on personal care and cosmetics product which is one of the major applications for luxury packaging methods.
Market Definition: Global Luxury Packaging Market
Luxury packaging is a method that is utilised for increasing the aesthetic appeal of the product and signify the brand appeal, helping the producer of the product to significantly increase the chances of their products standing out. These packaging methods are more often used for increasing the product and brand value rather than protection of the package.
- Innovations in packaging methods resulting in sustainable luxury packaging methods and products; this factor is expected to be one of the major drivers for the market growth
- Increasing growth of retail products and their penetration in the market increasing the demand for luxury packaging method
- Reluctance of consumers and marketers to utilise heavy-weight and bulky packaging products and materials; this factor is expected to act as a restraint to the market growth
Segmentation: Global Luxury Packaging Market
- By Material
- By Type
- Rigid Boxes
- By Application
- Personal Care
- Food & Beverages
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
- North America
Key Developments in the Market:
- In September 2018, GPA Global announced that they have acquired Lucas Luxury Packaging. This acquisition will help both the organisations expand their business capabilities due to the different expertise of products and solutions they offer.
- In September 2018, O-I announced the launch of “O-I:EXPRESSIONS”, an innovative 3D platform for the designing changes and customization to the packaging systems at the late stage or end stages.
Competitive Analysis: Global Luxury Packaging Market
Global luxury packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of luxury packaging market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Luxury Packaging Market
Few of the major competitors currently working in the luxury packaging market are HH Deluxe Packaging; PRESTIGE PACKING INDUSTRY; Crown; GPA Global; Pendragon Presentation Packaging Ltd.; Ardagh Group S.A.; O-I; Design Packaging, Inc.; Ekol Ofset; DS Smith; Elegant Packaging and McLaren Packaging Ltd.
Research Methodology: Global Luxury Packaging Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete market analysis and forecasting
- Market definition, understanding the concept of luxury packaging
- Market drivers and restraints of the industry
- Market segmentations and market share divided amongst them
- Key players in the market and their analysis