Luxury Packaging Market Size, Competitive Dynamics, Target Audience and Global Outlook till forecast 2023
Key Players
The prominent players in the Luxury Packaging Market Size, include
- Amcor Limited (Australia)
- HH Deluxe Packaging (U.K.)
- Ekol Ofset (Turkey)
- DS Smith Plc (U.K.)
- Pendragon Presentation Packaging Ltd (U.K.)
- Design Packaging, Inc. (U.S.)
- Elegant Packaging (U.S.)
- MW Creative Ltd (U.K.)
- Winter & Company AG (Switzerland)
- Lucas Luxury Packaging (Ireland)
- CLP Packaging Solutions Inc. (U.S.).
Regional Analysis
On the basis of regions, global Luxury Packaging Market Size is segmented as North America, Europe, Asia Pacific and Rest of the World (RoW). Europe dominates the global Luxury Packaging Market Size,. Increasing number of flagship stores in the region drive the growth of the market. A surge in online sales is also a growth driver for the market in Europe. Increase in spending on luxury product by tourists, forms a positive influence on the growth of the region. Germany, U.K., and France are the major markets in the region. Additionally, the region is home to major luxury packaging manufactures. This also provides further boost to the growth of the market.
North America is another major market for the luxury packaging. Increase in sales of personal luxury products in the region, drive the growth of the market. Latin America and Middle-East & Africa regions are also expected to set the growth during the forecast period due to rising demand from the e-commerce sector and expansion by global luxury manufacturers.
Market Segmentation
Global Luxury Packaging Market Size, has been segmented based on material, end-user, and region. On the basis of material, the market segments are paperboard material, plastic, glass and others.
Paperboard dominates the material segment of the market and is expected to be the fastest growing material segment. Growing demand for sustainability packaging drives the growth of the paperboard segment.
It is light weight and is gaining prominence due to the rising need for renewable and recyclable solutions for various packaging needs. This material is used for packaging cosmetics, food, beverages, pharmaceuticals, and household products.
Plastic is one of the most widely used materials for packaging across various end-use industries. The material offers high barrier, cost efficient, temperature resistance and durable packaging options.
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