Europe Luxury Packaging Market Report 2030: Industry Size, Growth and Latest Insights by RationalStat

Europe luxury packaging market is expected to reach US$ 3.1 billion by 2030, registering a CAGR of over 4.2%.

Europe Luxury Packaging Market is valued at US$ 2.3 billion in 2023 and is expected to grow at a significant CAGR of over 4.2% over the forecast period of 2023-2030, market report by RationalStat

Market Definition, Market Scope, and Report Overview

The design, materials, and presentation of packaging used for high-end or premium products are referred to as luxury packaging. It goes beyond the simple function of safeguarding the product and focuses on providing the user with a visually appealing and premium experience. High-quality materials, sophisticated designs, and attention to detail are frequently associated with luxury packaging, all of which contribute to conveying a sense of exclusivity and status.

Luxury packaging is critical in defining a brand's perception. High-quality, aesthetically beautiful packaging can boost the perceived value of both the product and the brand. Maintaining a strong and good brand image is critical in Europe, where many prominent and well-established luxury firms are headquartered.

According to a deep-dive market assessment by RationalStat, the Europe Luxury Packaging market has been analyzed on the basis of market segments, including material, packaging format, end use and geography/regions (incl Western Europe, Eastern Europe). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.

• Market intelligence for the Europe Luxury Packaging market covers market sizes on the basis of market value (US$/EUR Million) and volume (Tons) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

• In addition, the long-term sector and products/services 10-year outlook and its implications on the Europe Luxury Packaging market. It also includes the industry's current state - Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Europe Luxury Packaging Market: Segmental and Market Share Analysis
• On the basis of material, Specialty packaging demand in Europe surged owing to the increasing adoption of paper & paperboard. Due to its excellent recyclability this segment is likely to thrive the market.
• On the basis of packaging format, boxes & and cartons lead the market from 2023-2030. Both boxes and cartons exhibit considerable stiffness, which is vital for preventing product damage.

Report Synopsis
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 2.3 billion
Market Size Forecast US$ 3.1 billion
Growth Rate 4.2%
Dominant Segment Paper & Paperboard

Key Market Drivers
• Rise of online shopping
• Environmental concerns
• Competitive advantages

Companies Profiled
• ALPLA Group
• AptarGroup, Inc.
• Berry Global Group, Inc.
• RPC Group
• Silgan Holdings Inc.
• Sonoco Products Company
• Visy Group
• WestRock Company
• DS Smith plc
• Npack LTd.
• Alya Packaging
• Neenah Inc
• Cantobox
• GPA Global
• Swiss Packaging LLC
• Ardagh Group S.A.

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Competition Analysis and Market Structure

Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the Europe luxury packaging market include,

• In February 2023, TriMas Packaging announced the completion of its acquisition of Aarts Packaging, a Dutch specialist packaging company.

• In January 2023, Mainetti Group announced the acquisition of Centurybox Group of Belgium in an effort to improve sustainability in luxury packaging.

Some of the prominent players and suppliers operating and contributing significantly to the Europe luxury packaging market growth include ALPLA Group, AptarGroup, Inc., Berry Global Group, Inc., RPC Group, Silgan Holdings Inc., Sonoco Products Company, Visy Group, and WestRock Company, DS Smith plc, Npack LTd., Alya Packaging, Neenah Inc, Cantobox, GPA Global, Swiss Packaging LLC, and Ardagh Group S.A., among others.

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RationalStat has segmented the Europe luxury packaging market based on material, packaging format, end use and region
• Europe Luxury Packaging Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Material
o Paper & Paperboard
o Plastic
o Wood
o Glass
o Metal
o Fabric
• Europe Luxury Packaging Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Packaging Format
o Bags
o Pouches
o Boxes & Cartons
o Bottles
• Europe Luxury Packaging Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by End Use
o Premium food
o Beverages
o Home & Personal Care
o Consumer Electronics
o Fashion Accessories & Apparels
• Europe Luxury Packaging Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Region
o Western Europe Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Key Segments
 Germany Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Key Segments
 UK Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Key Segments
 France Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Key Segments
 Spain Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Key Segments
 Italy Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Key Segments
 Benelux Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Key Segments
 Nordic Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Key Segments
 Rest of Western Europe Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Key Segments
o Eastern Europe Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Key Segments
 Russia Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Key Segments
 Poland Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Key Segments
 Rest of Eastern Europe Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Key Segments

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Key Questions Answered in the Europe Luxury Packaging Report:
• What will be the market value of the Europe Luxury Packaging market by 2030?
• What is the market size of the Europe Luxury Packaging market?
• What are the market drivers of the Europe Luxury Packaging market?
• What are the key trends in the Europe Luxury Packaging market?
• Which is the leading region in the Europe Luxury Packaging market?
• What are the major companies operating in the Europe Luxury Packaging market?
• What are the market shares by key segments in the Europe Luxury Packaging market?

Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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RationalStat LLC
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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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