Luxury Packaging provides various benefits such as a good unboxing experience due to the quality of material & beauty of packaging, attractive design with enhanced brand image, and increased shelf life of the product due to its quality-based luxurious materials.

Rising demand for packed foods, strict regulations regarding food safety, and the need for eco-friendly packaging are expected to propel market growth. The presence of major players and newly launched innovative products has fueled the market growth. The growing purchasing power of an individual and growing cosmetics industries is anticipated to increase the demand for the Luxury Packaging market in the coming years.

The report “Luxury Packaging Market, By Material (Paper & Paperboard, Plastic, Glass, Wood, Metal, Fabric), By Product Type (Bottles, Bags, Composite Cans, Boxes & Cartons, Pouches), By End-Users (Food & Beverages, Fashion Accessories & Apparels, Consumer Electronics, Consumer Goods), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

 Key Highlights:

• In March 2023, Fedrigoni launched new luxury papers for various sectors and aimed to replace plastic with papers. The new ‘Metamorphosis’ collection is composed of mono-material with recyclable property used for various application such as shopping bags, luxury self-adhesive labels, cosmetic packaging, liquid packaging and others.

Analyst View:

The increasing demand for eco-friendly packaging from food industries which helps maintain the safety and hygiene of food has given positive impact on target market growth. The growing food industries has given rise to using biodegradable packaging material. Applications in food & beverage industries, personal care products, and homecare products have given rise to use of luxury packaging material. Rising awareness among people towards eco-friendly packaging and favorable government regulations is expected to provide lucrative opportunities in Luxury Packaging Market during the forecast period.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Luxury Packaging Market, By Material (Paper & Paperboard, Plastic, Glass, Wood, Metal, Fabric), By Product Type (Bottles, Bags, Composite Cans, Boxes & Cartons, Pouches), By End-Users (Food & Beverages, Fashion Accessories & Apparels, Consumer Electronics, Consumer Goods), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Luxury Packaging Market accounted for US$ 15.2 billion in 2022 and is estimated to be US$ 24.8 billion by 2032 and is anticipated to register a CAGR of 5.0%. The Luxury Packaging Market is segmented based on Material, Product Type, End-Users and Region.

• Based on Material, Luxury Packaging Market is segmented into Paper & Paperboard, Plastic, Glass, Wood, Metal, Fabric.
• Based on Product Type, Luxury Packaging Market is segmented into Bottles, Bags, Composite Cans, Boxes & Cartons, Pouches.
• Based on End-Users, Luxury Packaging Market is segmented into Food & Beverages, Fashion Accessories & Apparels, Consumer Electronics, Consumer Goods.
• By Region, the Luxury Packaging Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Luxury Packaging Market:

The prominent players operating in the Luxury Packaging Market includes, DS Smith plc., Design Packaging Inc., Luxpac Ltd., Lucas Luxury Packaging, WestRock Company, HH Deluxe Packaging, Ekol Ofset, McLaren Packaging, Eurobox Packaging, Fleet Luxury Packaging, and others.

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