Luxury Rigid Boxes Market Is Projected to Value USD 6.12 billion at a CAGR of 2.95%, Globally, by 2029: States Data Bridge Market Research

The higher A comprehensive understanding of the strategic study of partnerships, acquisitions, mergers, expansions, and investments is provided by the Luxury Rigid Boxes Market Research Report. Businesses can benefit from the market research analysis and data in this study when planning their production, product launches, costs, inventories, purchases, and marketing activities. This object-oriented market research report was created by combining the best talent solutions, industry insight, industry expertise, and the newest techniques and technology available. A useful resource for guidance and support for businesses and individuals interested in the industry is the Luxury Rigid Boxes Market study.

Explore Further Details about This Research Luxury Rigid Boxes Market Report https://www.databridgemarketresearch.com/reports/global-luxury-rigid-boxes-market

Luxury rigid boxes are mainly used for packaging of consumer goods such as luxury cosmetics, pens, watches, electronic accessories, confectionery foods, etc. The companies have invested significantly and enhancing their production capacity of luxury rigid boxes. Revolutionary boom in mobile phones and their accessories have encouraged several small and local manufacturers to enter in luxury rigid box market. The global market for confectionery, sweets, and other food products are the major sector which are expected to witness the growth of the market. Visual material properties and quality of luxury rigid boxes increase the preference of consumers toward luxury rigid boxes.

Data Bridge Market Research analyses that the luxury rigid boxes market was valued at USD 4.85 billion in 2021 and is expected to reach USD 6.12 billion by 2029, registering a CAGR of 2.95% 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.     

Market Definition

Luxury rigid boxes packaging is a type of packaging box which are rectangular in shape. Rigid Boxes features a tray and a lid that is made from cardboard. The packaging of a luxury product is part of the brand's image and consumers are always ready to spend more on these luxury rigid boxes. This packaging looks luxurious and appealing as well as adding the value to the product,

Opportunities

Growing demand for the packaging of food products

The sweets and others confectionary are expected to witness growth in the market which has directly impacted on the growth of the luxury rigid boxes market. The food products packaging, such as doughnut, cookies, cakes and especially, the chocolates which has packed in luxury rigid boxes are expected to create the beneficial opportunities for the growth of the market.

Also, the introduction of e-commerce and retail shops directly influences the demand and sales for luxurious rigid boxes market. The upward trend in industries such as accessories, perfumes, food, and many other is grasping the attention over the luxury rigid boxes, thus creating healthy growth opportunities for the luxury rigid boxes market.

Recent Development

In February 2020, Madovar Packaging Inc. had launched custom gear gift boxes for the Antoniella apparel company. Besides, this company also focus on collaborations to remain afloat in the market.
Global Luxury Rigid Boxes Market Scope

The luxury rigid boxes market is segmented on the basis of material, packaging type, closure type, insert type 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.

Material

Fabric
Metal
Wood
Plastic
Paper
Paperboard

Packaging Type

Hinge Lid Box
Collapsible Box
Rigid Sleeve Box
Shoulder Neck Box
Two Piece Box
Telescopic Box
Others

Design

Round and Oval Luxury Rigid Box
Square Shaped Luxury Rigid Box
Other Shaped Luxury Rigid Box

 Closure Type

Magnetic Closure
Ribbon Tie
Mechanical Lock
Frictional Seal

 Insert Type

With Insert
Without Insert

 End User

Fashion Accessories and Apparels
Food and Beverages, Consumer Goods
Perfumes
Consumer Electronics

Some of the major players operating in the luxury rigid boxes market are:

Amcor Plc (Australia)
H. Deluxe Packaging (U.K.)
Ekol Ofset (Turkey)
DS Smith (U.K.)
Pendragon Presentation Packaging Ltd (U.K.)
W. 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 (U.S.)
GPA Global (China)
Pendragon Presentation Packaging Ltd (U.K.)
Ardagh Group S.A (Luxembourg)
Design Packaging, Inc. (U.S.)
Elegant Packaging (India)
McLaren Packaging Ltd, (U.K.)
Progress Packaging Ltd (U.K.)

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