Global Luxury Packaging market is expected to reach $23 billion by 2021; Finds New Report

The Worldwide Luxury Packaging market is estimated to reach a value of $23 billion by 2021.

The report “Strategic Assessment of Worldwide Luxury Packaging Market and Forecast 2021” considers the present scenario and growth aspect of worldwide Luxury Packaging market and strategic assessment of the market for the period 2015-2021.The report includes the market growth drivers, trends, and restraints. The report gives a market segmentation

By Type of Material

• Paper & Paperboard
• Glass
• Metal
• Plastic
• Wood
• Others

By End- Use Market

• Cosmetics & Fragrances
• Premium Alcoholic drinks
• Gourmet Food & Beverages
• Watches & Jewellery
• Confectionery
• Tobacco
• Others

By Geography

• North America
• Europe
• MEA
• APAC
• Latin America

By Countries

• Africa (South Africa, Nigeria, East Africa)
• Brazil
• China
• Eastern Europe
• GCC (UAE, Qatar)
• India
• Japan
• Mexico
• US
• Western Europe

Luxury Packaging – Market Size and Forecast

Analyst at publisher forecast the Worldwide Luxury Packaging Market to grow at a CAGR of 4.96% during the forecast period.

The global luxury packaging market continues to grow by exciting trends such as the surge of personalized packaging, increasing awareness to sustainability issues, demographic and economic drivers. It is one of the most lucrative opportunities in the packaging industry. The prestigious brands look for new packaging techniques and innovations to enable their products to shine in extremely competitive shelf spaces. The packaging sales in the emerging markets are expected to continue to show strong growth. As both increased consumer consumption and demand for luxury goods drives the need for more sophisticated packaging. The Worldwide Luxury Packaging market is estimated to reach a value of $23 billion by 2021.

Luxury Packaging- Geographic Analysis

The report includes the market analysis of different regions such as North America, APAC, Latin America, Europe and MEA. The report outlines the major market share holder and the market size analysis of all the regions. US is the largest luxury market in the world with a revenue share of 21.5% in 2015. China is the world’s second largest consumer of luxury goods and second largest luxury packaging manufacturer in the world. Europe with a 36% consumption share of the world’s luxury good market in terms of revenues. Also Europe is the hub for majority of luxury houses. European countries such as Brazil is more into fashion product packaging, hence it drives the Packaging market.

Luxury Packaging- Market trends, Drivers and Restraints

Rapid growth of E-commerce in emerging markets is the key driver of the luxury packaging market. The factor that packaging and display helps creating a competitive advantage for luxury goods is also driving the market. Customers purchasing luxury goods are also seeking for the packaging that plays the part. Packaging plays an integral part of the brand image, especially for luxury items. With the ever-changing landscape of product packaging, the ability to keep pace with packaging trends could have a significant impact on company’s market share. Companies are creating an experience around their product through their packaging and linking closely with marketing strategies and social media.

Luxury Packaging- Market Share and Key Vendors

This market research profiles the major companies in the Worldwide Commercial Deep Fryer Market and also provides the competitive landscape and market share of key the players. The report covers the entire market outlook regarding the value chain operating within the market. The major vendors dominating the luxury packaging market are Amcor, Crown Holdings, International Paper, WestRock, Owen-Illinois.

Other Prominent vendors included in the report are Ardagh Group, BC Boncar, Ch.Dahlinger, Stolzle Glass Group, Pendragon presentation Packaging, Fleet Luxury, HH Deluxe Packaging, Euro Box, Keenpac, MW Luxury Packaging.

Why should you buy Global Luxury Packaging Market Report?

The report gives reasonable answers for the following questions which leads you to know the in- depth market analysis such as

1) How has the market been performing and what are some of the current changes which are expected to change the landscape in the coming years?

2) What are the various factors that can affect the market and in what way over the next few years?

3) What are the emerging trends and challenges for the market over the next five years?

4) Which regions are going to have the largest market share and what are the factors propelling the market growth in that region?

5) What is the market size and growth forecast of the market in the key countries?

6) Which companies are the key vendors in the market?

7) What are the strategies used by the top vendors, and what are the opportunities to grow?

8) Which companies are the emerging vendors in the market?

Spanning over 138 pages and 90 Exhibits “Global Luxury Packaging - Strategic Assessment and Forecast Till 2021” report covers Research Methodology, Executive Summary, Report Coverage, Introduction, Key Market Trends, Key Market Drivers, Key Market Challenges, Global Luxury Packaging Market, Segmentation by Material, Segmentation by End-user Markets, Segmentation by Geography, Value Chain Analysis of Luxury Packaging Market, Competitive Landscape, Key Vendor Analysis, Emerging Vendors, Appendix. This report Covered Companies - Amcor, Crown Holdings, International Paper, WestRock, Owen-Illinois, Ardagh Group, BC Boncar, Ch.Dahlinger, Stolzle Glass Group, Pendragon presentation Packaging, Fleet Luxury, HH Deluxe Packaging, Euro Box, Keenpac, MW Luxury Packaging.

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