The high potential in emerging economies has set a strong base for the expansion of the Luxury Packaging Industry. Reports that investigate the packaging and transport industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is aiming to expand at a CAGR of 4.8 % in the forecast period.

The integration of sustainable elements in the luxury packaging being produced currently is expected to motivate the market in the forecast period. An upsurge in expenditure on luxury products due to rising disposable income levels is anticipated to bolster the Luxury Packaging Industry further. Also, the demand for novelty in packaging on luxury products is anticipated to motivate the market in the forecast period.

Segmental Analysis

The segmental evaluation of the Luxury Packaging Industry has been carried out on the basis of end-user, material, and region. Based on the materials, the Luxury Packaging Industry is segmented into plastic, paperboard material, glass, and others. The Luxury Packaging Industry on the basis of end-user is segmented into personal care & cosmetics, food & beverage, confectionery, and others. Based on the regions, the Luxury Packaging Industry is segmented into North America, Europe, Asia Pacific and Rest of the World (RoW).

Detailed Regional Analysis   

The examination of the regions in the Luxury Packaging Industry includes North America, Europe, Asia Pacific, and Rest of the World (RoW). As per the study, the European region governs the Luxury Packaging Industry. The growing quantity of flagship stores in the region is driving the development of the market. A rise in online sales is also a progress factor for the market in the European region. The upsurge in expenditure on luxury product by tourists creates an optimistic influence on the development of the region. The nations of Germany, U.K., and France are the chief markets in the region. Moreover, the region is home to key luxury packaging manufacturers. This also offers further lifts the expansion of the market. The Asia Pacific region is expected to have the uppermost CAGR throughout the forecast period. Japan, China, India, Australia, and Indonesia are the main markets in the Asia Pacific region. An upsurge in the spending capacity in the region is also driving the development of the market. Moreover, the accessibility of raw materials and reduced labor cost, together form an optimistic influence on market development. China is accredited for the major share of the Luxury Packaging Industry in the Asia Pacific region. The North American region is another key market for luxury packaging. Intensification in sales of personal luxury products in the region is impelling the progress of the market. The Latin American and Middle East & African regions are also anticipated to prime the growth in the forecast period owing to collective demand from the e-commerce sector and development by global luxury manufacturers.

Key Players

The outstanding contenders in the Luxury Packaging Industry are HH Deluxe Packaging (U.K.), Ekol Ofset (Turkey), Amcor Limited (Australia), Design Packaging, Inc. (U.S.), Elegant Packaging (U.S.), MW Creative Ltd (U.K.), Pendragon Presentation Packaging Ltd (U.K.), DS Smith Plc (U.K.), Lucas Luxury Packaging (Ireland), Winter & Company AG (Switzerland), and CLP Packaging Solutions Inc. (U.S.).

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