Press release
Luxury Packaging Market Size to Be Valued at USD 28.23 Billion by 2032
Luxury Packaging Market
Luxury packaging is a state-of-the-art style of packaging that increases the overall visual appeal of a product and also helps companies improve their brand image. Several market players have started using digital technologies to improve the overall visual appeal of the packaging materials. A robust rise in the number of customers opting for online shopping is one of the key factors accelerating the market's growth.
During the COVID-19 pandemic the demand for luxury goods dipped most customers focused on buying products that met their basic needs, which hindered the production of luxury products.
Fortune Business Insightsโข displays this information in a report titled, "Luxury Packaging Market, 2024-2032."
๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐:
โข DS Smith (U.K.)
โข Ardagh Group (Luxembourg)
โข Stoelzle Glass Group (Austria)
โข WestRock (U.S.)
โข Crown Holdings Inc. (U.S.)
โข O-I Glass, Inc. (U.S.)
โข Amcor Plc (Switzerland)
โข IPL Packaging Inc. (China)
โข Thou Luxury Packaging (India)
โข Elegant Packaging (U.S.)
โข HH Deluxe Packaging (U.K.)
โข Lucas Luxury Packaging (Ireland)
โข Prestige Packaging Industries (France)
โข Pendragon Presentation Packaging (U.K.)
โข Ekol Ofset (Turkey)
๐๐๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ :
https://www.fortunebusinessinsights.com/enquiry/sample/luxury-packaging-market-107307
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
Paper & Paperboard Widely Used in Luxury Packaging Products Due to Their Recyclability and Sustainability
Based on material, the market is segmented into paper & paperboard, metal, glass, plastic, and others. The paper & paperboard segment has captured the largest share of the market as this material offers various lucrative features, such as high recyclability and sustainability, making it a preferred choice among brands wanting to become eco-friendly.
Demand for Boxes & Cartons Rises Owing to Their Customizability
Based on product type, the market is segmented into boxes & cartons, bottles, bags & pouches, cans & jars, and others. The boxes & cartons segment is dominating the global luxury packaging market share as these products offer brands the option to customize their packaging in different ways to help them stand out from their competitors.
Food & Beverage Brands Increase Reliance on Luxury Packaging Due to Increasing Consumption of Gourmet Foods
Based on end-use, the market is segmented into food & beverages, fashion accessories & apparel, beauty & fragrance, consumer goods, and others. The food & beverage segment is dominating the global market as the consumption of gourmet foods and drinks, such as fine teas, coffee, baked goods, fine wine, and spirits is increasing.
With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐:
The report has conducted a detailed study of the market and highlighted several critical areas, such as leading materials, product types, end uses, and key market players. It has also focused on the latest market trends and the key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ:
Growing Need for Personalized Packaging Products to Accelerate Market Expansion
The concept of having customized packaging products is gaining immense traction among luxury brands across the world to help them differentiate themselves from their competitors. Customizations in packaging can include making changes in the dimensions of the packaging products to help a brand safely transport its products to customers or having strategic and unique placement of their logos to help customers identify them immediately. The rising presence of e-commerce platforms has further increased the demand for customized luxury packaging solutions, thereby creating a positive impact on the market's growth.
However, since several materials are bonded together to make these products, separating and recycling them becomes an impossible task, which can hinder the luxury packaging market growth.
๐ฎ๐๐ ๐ ๐ธ๐๐๐๐:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/luxury-packaging-market-107307
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
North America Dominates Global Market Due to Strong Expansion of Food & Beverage Sector
North America is dominating the global market owing to the robust expansion of the region's food & beverage industry. An increasing number of customers are indulging in gourmet foods due to their rising disposable incomes, which will boost the need for luxurious packaging solutions.
Europe is holding the second-leading position in the global market due to a notable presence of several leading luxury brands.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
Leading Companies to Launch Novel Packaging Solutions to Gain Strong Competitive Edge
The luxury packaging market has a vast competitive landscape with the presence of leading manufacturers. These companies are collaborating with other firms to develop and launch cutting-edge and personalized packaging solutions for different industries.
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ:
July 2024 - Quadpack Industries announced a new project with PSB Industries, a private company, to merge Quadpack and PSB's key subsidiary, Texen, into a single group. Texen, headquartered in Brion, France, is known for producing high-quality packaging products for the luxury perfumery and makeup markets. It has its factories in in France, Poland, the U.S., and Mexico.
๐น๐๐๐ ๐ด๐๐๐ ๐ฐ๐๐๐๐๐๐๐๐๐๐
https://www.fortunebusinessinsights.com/luxury-packaging-market-107307
๐น๐๐๐๐๐๐ ๐น๐๐๐๐๐๐ -
Perfume Packaging Market
https://www.fortunebusinessinsights.com/perfume-packaging-market-108348
Personal Care Packaging Market
https://www.fortunebusinessinsights.com/personal-care-packaging-market-107317
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Fortune Business Insightsโข offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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