Market Overview

Global Luxury Packaging Market Analysis, Growth, Trends & Forecasts 2018-2023, With an Expected CAGR of 4.67% - ResearchAndMarkets.com

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The "Global
Luxury Packaging Market - Segmented by Material (Paperboard, Plastic,
Wood), End-User, and Region - Growth, Trends and Forecasts (2018 - 2023)"

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The global luxury packaging market is expected to register a CAGR of
about 4.67% during 2018-2023.

Major packaging manufactures are gaining access to various high-quality
materials and innovative shapes, as these properties enhance the
consumer experience. The factors, like changing consumer preferences,
growing willingness to spend more, and rising focus of several brands on
design, processes, and the overall product development, are boosting the
luxury packaging demand.

An increase in the luxury product consumption rate and the number of
product launches in the fashion and cosmetic sectors are some major
factors driving the market growth. Moreover, increase in investments by
manufacturers, in sustainable development, demands the need for
innovation and technologies in luxury packaging, which is expected to
further accelerate the growth of the luxury packaging market.

The demand for glass material is being driven by the recovering and
growing main luxury markets, such as cosmetics and fragrances. Glass
material remains popular with brand owners and consumers, due to its
strong sustainability associations and aesthetically appealing
properties. The cost associated with glass per ton is quite lower when
compared to, both, luxury paperboard and plastics.

Asia-Pacific is expected to be the fastest growing region, owing to the
increase in consumer spending in China, India, Japan, and other
countries. Moreover, the demand for cosmetics and food products is
expected to grow, owing to the growing population and the demand for
quality products, urbanization, and consumers inclining toward
technology.

Companies Mentioned

  • Group VERPACK
  • Progress Packaging Ltd.
  • Prestige Packaging Industries
  • MW Luxury Packaging
  • Lucas Luxury Packaging Limited
  • Crown Holdings Inc
  • Ardagh Group
  • Pendragon Presentation Packaging Ltd.
  • Owens-Illinois Inc
  • HH Deluxe Packaging

Key Topics Covered:

1. Introduction

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics

5. Global Luxury Packaging Market Segmentation

6. Competitive Intelligence - Company Profiles

7. Investment Analysis

8. Future of the Luxury Packaging Market

For more information about this report visit https://www.researchandmarkets.com/research/9xkzqz/global_luxury?w=4

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