Luxury Packaging Market Overview
[PDF] Packaging has become an essential part of the product that needs transporting and helps to prevent damage during delivery. Further, growing health awareness among consumers and rising environmental concern has given rise to sustainable packaging products, which are expected to boost the demand for target market growth over the forecast period.
Growing food & beverage industries has become a major driving factor in market growth. The wide use of paper & paperboard, and wood material in packaging goods has made it a more sustainable packaging material, facilitating the demand for market growth. Further growing economic status, rising demand for cosmetic products, gifts, and attractive packaging by manufacturers is expected to boost the future demand for Luxury Packaging Market growth.
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Attributes |
Details |
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Luxury Packaging Market Value (2022) |
US$ 15.2Bn |
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Luxury Packaging Market Projected Value (2032) |
US$ 24.8Bn |
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Luxury Packaging Market CAGR (2022 – 2032) |
5.0% |
Luxury Packaging Market Dynamics
Growing use of sustainable & biodegradable packaging and rate of urbanization to fuel market growth
Due to environmental concerns, sustainable & biodegradable packaging is in high demand. Paperboard materials are an example of sustainable & biodegradable packaging. They are widely used due to their attractive designs and recyclable properties, making it more bearable by providing smoothness with superior strength. Paperboard materials are featured with unique coatings, laminations, and super embossing, making it more attractive for packaging luxury goods. Rapid growth in urbanization has given rise to disposable income, which allows an individual to purchase luxury products.
For instance, in January 2020, Lecta launched a new Diva Art Metal range of metalized paperboard products for luxury packaging. Diva Art Metal is an eco-friendly product manufactured with Elemental Chlorine Free (ECF) pulp with quality standards and features with cracking resistance & perfect folding characteristics. They are used in packaging perfumes, cosmetics, greeting & postcards, beverage boxes, brochures & folders.
Restrains:
Huge investment is needed to set up manufacturing facilities for luxury packaging operations which have restrained market growth. Further, the Russia-Ukraine war has also had a negative impact on Luxury Packaging market growth.
Luxury Packaging Market Segmentation
Luxury Packaging Market is segmented based on Material, Product Type, End-Users and Region.
Material Insight
On the basis of Material, Luxury Packaging Market is segmented into Paper & Paperboard, Plastic, Glass, Wood, Metal, Fabric. Paper & Paperboard material segment is expected to dominate the target market growth as it offers strength, sustainability and high recyclability properties.
Product Type Insights
On the basis of Product Type, Luxury Packaging Market is segmented into Bottles, Bags, Composite Cans, Boxes & Cartons, Pouches. Boxes & Cartons is expected to dominate the target market growth. The protective property of boxes and cartons to secure product and availability of various design has boost the segment growth.
End-Users Insights
On the basis of End-Users, Luxury Packaging Market is segmented into Food & Beverages, Fashion Accessories & Apparels, Consumer Electronics, Consumer Goods. Food & Beverages end user segment is expected to dominate the target market growth. Growing food & beverage industries, consumption of snacks such as biscuits, cookies & beverages and increasing adoption of attractive packaging by owners of branded product has boost the segment growth.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
On region the Luxury Packaging Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period. Moreover, high disposable income, luxurious lifestyle, high adoption of luxury goods and technological advancement is anticipated to increase demand for Luxury Packaging in the region.
Asia Pacific market is estimated to witness a fastest growth over the forecast period. Rapid growth in urbanization, growing economic status with purchasing power of branded products has boost the market in the region. China has become the most rapidly growing economy in Asia Pacific which has further fueled the Luxury Packaging market growth in the region due to growing economic status and high consumption of luxury goods.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2022 |
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Forecast period |
2022 – 2032 |
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Market representation |
Revenue in USD Billion & CAGR from 2022 to 2032 |
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Market Segmentation |
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 |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Luxury Packaging Market report based on Material, Product Type, End-Users and Region:
Luxury Packaging Market, By Material:
- Paper & Paperboard
- Specialty Papers
- Corrugated Board
- Molded Pulp
- Kraft Papers
- Carton Board
- Plastic
- Bioplastics
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Polypropylene
- Glass
- Wood
- Metal
- Fabric
Luxury Packaging Market, By Product Type:
- Bottles
- Bags
- Composite Cans
- Boxes & Cartons
- Pouches
Luxury Packaging Market, By End-Users:
- Food & Beverages
- Chocolates
- Alcoholic Beverages
- Sweets
- Cookies & Biscuits
- Fashion Accessories & Apparels
- Jewellery
- Apparels
- Watches
- Perfumes
- Shoes
- Sunglasses
- Consumer Electronics
- Consumer Goods
- Glass & Metal Crafts
- Ceramics
- Flowers
Luxury Packaging Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Luxury Packaging Market Key Players
The key players operating 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.
Luxury Packaging Market Company Profile
- DS Smith plc.*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Design Packaging Inc.
- Luxpac Ltd.
- Lucas Luxury Packaging
- WestRock Company
- HH Deluxe Packaging
- Ekol Ofset
- McLaren Packaging
- Eurobox Packaging
- Fleet Luxury Packaging
“*” marked represents similar segmentation in other categories in the respective section
Recent Development:
- In May 2023, Fedrigoni a specialty paper manufacturer launched new paper range for premium labels. The new Sheets Exclusive Collection is designed to raise touch & feel experience and aesthetic value of labels from packaging of luxury products to premium beverages. It is also used in home office products, logistics and others.
- In July 2023, Berlin Packaging showcased Renais a luxury modern gin pack developed by Alex & Emma Watson at Imbibe Live 2023 – on & off trade drinks industry show. The new launched bottle is comprised of French modern aesthetic.
- In January 2023, GPA Global acquired Cosfibel Group a luxury packaging & merchandising specialist. This acquisition will strengthen the GPA’s product portfolio of luxury packaging in European market.
Luxury Packaging Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Material
- Market Snippet, By Product Type
- Market Snippet, By End-Users
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Luxury Packaging Market, By Material
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Paper & Paperboard
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Plastic
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Glass
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Wood
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Metal
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Fabric
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Luxury Packaging Market, By Product Type, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Bottles
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Bags
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Composite Cans
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Boxes & Cartons
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Pouches
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Luxury Packaging Market, By End-Users, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Food & Beverages
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Fashion Accessories & Apparels
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Consumer Electronics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Consumer Goods
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Luxury Packaging Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Material, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Product Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Material, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Product Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Material, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Product Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Overview
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- Latin America
- Market Size and Forecast (US$ Bn), By Material, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Product Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Material, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Product Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
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- GCC
- Israel
- South Africa
- Rest of Middle East
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- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- DS Smith plc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Design Packaging Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Luxpac Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Lucas Luxury Packaging
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- WestRock Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- HH Deluxe Packaging
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ekol Ofset
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- McLaren Packaging
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Eurobox Packaging
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Fleet Luxury Packaging
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Luxury Packaging Market is segmented into Material, Product Type, End-Users and Region.
Luxury Packaging Market is driven by factors like growing use of sustainable & biodegradable packaging and rate of urbanization to fuel market growth.
By region, the Luxury Packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating 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.
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%.