Jul 30, 2018   SOURCE: BusinessWire

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

The "Global Luxury Packaging Market - Segmented by Material (Paperboard, Plastic, Wood), End-User, and Region - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

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