Global Wrist Watch Packaging Box Market – Industry Trends and Forecast to 2029

Global Wrist Watch Packaging Box Market, By Material Type (Wood, Fabric, Cardboard and Paperboard, Metal, Plastic), Shape (Round, Square, Triangle, Rectangle, Oval, Diamond Shape) – Industry Trends and Forecast to 2029

Market Analysis and Size

With the increase demand for the wrist watch globally, there has been a significant rise in the adoption of wrist watch packaging boxes for the packaging purposes. These boxes exhibit various advantageous properties, which increases their usage resulting in increased traction for the market.

Global wrist watch packaging box market was valued at USD 2305.00 million in 2021 and is expected to reach USD 3537.45 million by 2029, registering a CAGR of 5.50% during the forecast period of 2022-2029. 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

Market Definition

Wrist watch packaging box are basically the boxes that packs and stores the wrist watches. They are made up of wood, fabric, cardboard and paperboard, metal and plastic.

Wrist Watch Packaging Box Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Growth in branding for the wrist watches

One of the main factors impacting wrist watch packaging box sales is the branding for the watches, which has increased the market's revenue. The elegant and fashionable packaging boxes and cases of wrist watches are one of the things that contribute to an impulse purchase of watches. The classic round and square shapes of wrist watch packaging boxes and cases have given way to triangle and diamond-shaped boxes and cases, enabling wrist watch packaging producers to differentiate their products. Wrist watch packaging has traditionally been made primarily of wooden and metal materials, but as plastic materials have become more readily available and have similar qualities, their use has grown.

Furthermore, to meet customer needs in the luxury watch market, organized retail outlets serve as a critical influencing platform for displaying watch boxes and cases. Additionally, the supply capacity of wrist watch packaging producers has expanded due to the simple availability of raw materials like HDPE and PET plastic. W wristwatch sales have expanded due to the young population's growing purchasing power and consumerist mindset in emerging regions, with young people making up a larger portion of the market.

Opportunities

• Increased focus towards innovation and launch of smart watches

The high focus towards the product innovation and development as watch manufacturers highly demand elegant box design further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, launch of the smart watches which are manufactured by the popular market players such as Apple, Google, Samsung, and others will further expand the future growth of the wrist watch packaging box market.

Restraints/Challenges

• High Costs

The metal boxes are generally very costly as compared to the other wrist watch packaging box, which will further create hindrances for the growth of the wrist watch packaging box market.

• Drawbacks of the box

The major disadvantages of metal packaging is basically the multi-step manufacture and increased weight (particularly steel), which will prove to be a demerit for the wrist watch packaging box market. Therefore, this factor will challenge the wrist watch packaging box market growth rate.

This wrist watch packaging box 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 wrist watch packaging box 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 Wrist Watch Packaging Box Market

The recent outbreak of coronavirus had a significant influence on the wrist watch packaging box market. This can be ascribed to the enormous disruptions that various precautionary lockdowns and other limitations imposed by governing agencies worldwide caused in their respective production and supply-chain operations. However, majority of the consumers are inclined towards online channels, which positively impacts the wrist watch packaging box market as demand for packaging has expanded due to online channels.

Global Wrist Watch Packaging Box Market Scope

The wrist watch packaging box market is segmented on the basis of material type and shape. 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.

Material Type

• Wood
• Fabric
• Cardboard and Paperboard
• Metal
• Plastic

 Shape

• Round
• Square
• Triangle
• Rectangle
• Oval
• Diamond Shape

Wrist Watch Packaging Box Market Regional Analysis/Insights

The wrist watch packaging box market is analyzed and market size insights and trends are provided by country, material type and shape as referenced above.

The countries covered in the wrist watch packaging box 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 wrist watch packaging box market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the rising production as well as consumption of the product within the region.

Asia-Pacific, on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the favorable government policies and the growing number of technological advancements and innovation in design in the 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 Wrist Watch Packaging Box Market Share Analysis

The wrist watch packaging box 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 wrist watch packaging box market.

Some of the major players operating in the wrist watch packaging box market are

• Interpak (U.S.)
• Linkupak. (U.S.)
• Ch. Dahlinger GmbH & Co KG (Germany)
• Studioabd. (India)
• Kling GmbH (Germany)
• Cyberpac (U.K.)
• NATIONALPAK LIMITED (U.K.)
• DELU Ltd. (Germany)
• LOMB ART AG (Switzerland)
• Amspak Inc. (Canada)
• Preferred Printing & Packaging (U.S.)
• MingFeng Packaging (Switzerland)
• MK Packaging (India)
• Pink Knots (India)
• Redwood Print & Packaging (India)
• AVERY DENNISON CORPORATION (U.S.)
• Meadows Publishing Solutions (U.S)
• Shiseido Company, Limited. (Japan)
• Quadpack (Spain)
• Silgan Holding Inc. (U.S.)