The report provides a transparent image of this Luxury Packaging Market situation and therefore the expected way forward for the trade. The report focuses on the premise of market drivers, restraints, growth, trends, and forecast for the period of 2018-2025. Additionally, the report conjointly maps the market performance by price chain analysis which can facilitate in higher product differentiation beside the analysis of every phase in terms of size, share, market attractiveness index and rate of growth.
Luxury packaging is high quality materials used for packaging, finishing and decorating high-end products. These products include cosmetics & fragrances, tobacco, confectionery, premium alcoholic drinks, gourmet food & drinks, watches and jewellery. Therefore, luxury packaging has a broad range of end-user industries like food & beverages, FMCG, household products and pharmaceuticals.
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Different materials used for luxury packaging include paperboard, glass, metal, plastic, textiles, leather and wood. Glass followed by paperboards and plastics are the major products segments used for the production of luxury packaging. In addition, cosmetics and fragrances are the biggest end user of luxury packaging, followed by alcoholic drinks and tobacco. However, the reduced demand of glass as luxury packaging can affect the growth of the global luxury packaging market. This can be attributed to the heavy weight and brittle nature of glass. In contrast, the demand for plastics and paperboards is rising. Besides, active research is being carried out to produce more sustainable, lightweight luxury packaging. All of these factors can contribute to an overall growth of the global luxury packaging market.
Aesthetic appeal is one of the major driving forces of the global luxury packaging market. Companies frequently add innovative products to their product line to be noticeable in the competitive market. The compliance to environmental standards set by EPA and other agencies is very essential these days. Hence, many of the recent products have been designed to not pose any threat to human health or environment along with having the aesthetic appeal. In this regard, sustainable luxury packaging is the new trend these days.
Major player assessed in the report are:
– Crown Holdings
– International Paper
– Ardagh Group
– Bag & Pack
Geographically, this market has been segmented into regions such as North America, Europe, Latin America, Asia Pacific and the Middle East & Africa. The study details country-level aspects based on each segment and gives estimates in terms of market size.
Table Of Contents – Overview
4.Luxury Packaging Market Analysis By Material
5.Luxury Packaging Market Analysis By Application
6.Luxury Packaging Market Analysis By Geography
7.Competitive Landscape Of Luxury Packaging Companies
8.Company Profiles Of Luxury Packaging Industry
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