The luxury rigid boxes market shall register a value of US$ 5.4 Bn by the end of the 2020-2030 forecast period, opines Future Market Insights in its report.
The packaging industry has witnessed considerable advancements since the past several decades, with the introduction of luxury rigid boxes being an important one. As consumers’ disposable incomes have risen, the demand for luxury goods has risen considerably in the past few years.
As social interactions have become more common, the trend of gifting has also surged. Therefore, the uptake of luxury rigid boxes has increased as they provide aesthetic value to the gifted product. Also, using luxury boxes for premiumisation has become an emerging trend amongst several gifting startups and companies.
Over the years, the sales of cosmetics, personal care items, apparel, jewellery and cosmetics are anticipated to provide significant traction to the luxury rigid boxes market, keeping the market afloat.
“Increasing number of e-commerce platforms to purchase luxury items is shifting the customer base, prompting market players to invest in online packaging over and above traditional channels,” infers an FMI analyst.
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Key Takeaways from FMI’s Luxury Rigid Market Study
Luxury Rigid Boxes Market- Key Trends
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Luxury Rigid Boxes Market- Region-wise Analysis
Luxury Rigid Boxes Market- Competitive Landscape
The luxury rigid boxes market is highly fragmented, making it highly competitive. Market players are concentrating on innovations and new product developments.
For instance, Madovar Packaging Inc. launched custom apparel gift boxes for the Antoniella apparel company in February 2020. Besides, companies also focus on collaborations to remain afloat in the market.
An example of this is McLaren Packaging Ltd acquiring Moelle Interlok Packaging, a company specializing in producing solid board divisions and layer pads for electronics, glasses and beverage industries in 2019.
Table Of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation Trends
4. Key Success Factors
4.1. Product Adoption Analysis
4.2. Product USPs / Features
5. Global Luxury Rigid Boxes Market Demand Analysis 2015–2019 and Forecast, 2020–2030
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
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