The latest market report published by Constancy Researchers “Global Luxury Packaging Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities, Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Luxury Packaging Market: Overview
The global luxury packaging market was valued at US$ 16,899.3 Million in 2020 and is estimated to grow at a CAGR of 5.2% during the forecast period. The global luxury packaging market is anticipated to witness lucrative growth in the years to come due to the increased demand for luxury packaging among end users and the growing innovative packaging solutions worldwide. Furthermore, the growing awareness for these products coupled with change in consumer trends are some other key factors for the growth of the luxury packaging market during the forecast period. Moreover, the increased demand for sustainable packaging solutions across developed and developing economies is one of the key opportunities for the global luxury packaging market over the upcoming years. Besides, the volatile raw material prices is one of key factors estimated to hamper the global luxury packaging market growth in the years to come.
Global Luxury Packaging Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global luxury packaging market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global luxury packaging market, the demand for luxury packaging has decreased due to haltin the manufacturing industry worldwide during the COVID-19 period.
www.constancyresearchers.com/sample-request/
Global Luxury Packaging Market: Report Highlights
- Based on end user, the food & beverages category had a major share in the global luxury packaging market in 2020 and presumed to witness lucrative growth over the forecast period.This is ascribed to the growing demand for luxury packaging for alcoholic beverages among consumers.
- Based on the regional analysis, North America had a major share in the global luxury packaging market and is estimated to continue its dominant position over the upcoming years. This is majorly due to the increased demand for luxury packaging among millennials along with growing awareness for sustainable packaging among consumers. Moreover, the Asia Pacific region is projected to grow at a rapid pace due to the growing urbanization along with the rising luxury market in the region.
- Mergers & acquisitions, new product launches, strategic partnerships, and collaborations among key players are estimated to be the key strategies in the global luxury packaging market.
- As per the research by Constancy Researchers Private Limited, the global luxury packaging market is highly fragmented in nature owing to the presence of a large number of players at the global, regional, and country-level.
List of Key Players of Global Luxury Packaging Market
- MW Luxury Packaging
- Progress Packaging Ltd
- HH Deluxe Packaging
- Prestige Packaging Industries
- Lucas Luxury Packaging Limited
- Crown Holdings Inc.
- Ardagh Group
- Pendragon Presentation Packaging Ltd
- Owens-Illinois Inc.
- Design Packaging Inc.
- Winter & Company AG
- Ekol Ofset
- DS Smith
- Elegant Packaging
- Others
Global Luxury Packaging Market: Segmentation
Constancy Researchers Private Limited has segmented the global luxury packaging market on the basis of material,product type, application, end use and regional analysis-
Global Luxury Packaging Market: By Material
- Paperboard
- Wood
- Plastic
- Glass
- Metal
- Others
Global Luxury Packaging Market: By Product Type
- Rigid Box
- Cartons
- Bags
- Slipcases
- Folders
Global Luxury Packaging Market: By End Use
- Food & Beverages
- Retail and Consumer Goods
Global Luxury Packaging Market: By Application
- Cosmetics and Fragrances
- Confectionery
- Watches and Jewelry
- Alcoholic Drinks
- Food and Non- Alcoholic Drinks
- Others
Global Luxury Packaging Market: By Regional Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America (LATAM)
- Brazil
- Mexico
- Rest of Latin America (LATAM)
- Middle East & Africa (MEA)
- United Arab Emirates (UAE)
- Saudi Arabia
- Rest of Middle East & Africa (MEA)
