According to Transparency Market Research’s recent market report titled “Luxury Boxes Market: Global Industry Analysis, 2013 – 2018 and Opportunity Assessment, 2019 – 2027”, worldwide growth of luxury cosmetics industry is projected to drive the growth of the luxury boxes market, during the forecast period. Globally, the revenue generated by the luxury boxes market has been anticipated to be around US$ 6.85 billion in 2018 and is expected to grow at a CAGR of 4.1% in terms of value throughout the forecast period.
Worldwide Beauty & Personal Care Market Growth is Drives Luxury Boxes Market
The aesthetic appeal of luxury boxes in the packaging of cosmetic products is relatively high as compared to other packaging formats. As stated by L'Oréal S.A., 2017 Annual Report, the global beauty products market was valued at around US$ 228.31 Billion in 2017. North America and the Asia Pacific are the key markets for beauty and personal care industry and accounted for near about 62% of the global market share. In 2017, the global leaders in beauty & personal care products, L'Oréal, Unilever, Procter & Gamble, Estée Lauder, and Shiseido and Coty, together collected near about US$ 90 Bn of revenue. The luxury cosmetics market is continuously evolving and has seen a high demand in the last few years, owing to increased disposable income of an average consumer. These global leaders have strong influence on the global luxury boxes market in present market scenario.
Personalised Luxury Boxes for Confectionery Packaging
Confectionery manufacturers and marketers are offering personalised luxury boxes to customers to fulfil their gifting needs. Chocolate gifting luxury boxes with custom messages are trending in the market. Many confectionery shops and delivery services provide the option of printing images or photos on luxury boxes to delight their customers.
Smart & Connected Luxury Boxes trending in the Luxury Boxes Market
The adoption of connected packaging to reach customers from a digital marketing perspectives has created a great innovation opportunity for key players of luxury boxes market. The luxury boxes with NFC-enabled (Near Field Technology) and RFID tags (radio-frequency identification) are expected to be next door intelligent packaging formats, due to anti-counterfeiting and anti-theft prevention.
The adoption of unique shapes and sizes of luxury boxes, along with typography and glossy or matte printing on the luxury boxes for packaging of alcoholic beverages is trending in the global market.
Electronics Industry is projected to boost the Demand for Luxury Boxes
In order to attract and delight customers throughout the shopping experience and ensure superior product quality, electronics brands are adopting luxury boxes for packaging. Mobile companies are adopting luxury boxes enabled with high-security tamper evident and durable packaging. The packaging of apparels in luxury boxes have created a new horizon for the growth of luxury boxes market.
Global Luxury Boxes Market Volume is projected to Expand 1.4X from 2018 to 2027
In the global luxury boxes market report, manufacturers with high production volumes from different geographical regions are profiled. The overview, competing strategies, product lines, company revenue, and segmental share of key players in the luxury boxes market are evaluated in the competitive landscape. The key manufacturers operating in the global luxury boxes market include WestRock Company, Sunrise Packaging Incorporated, Stora Enso Oyj, Stevenage packaging limited, Solutia Italia Srl, Smurfit Kappa Group plc, Robinson Plc, Mondi Group, Metsä Board Oyj, McLaren Packaging Limited, Mayr-Melnhof Karton AG, KOLBUS GmbH & Co. KG, Keskeny & Co. Ltd., KARL KNAUER KG, International Paper Company, HH Deluxe Packaging, Groupe VERPACK, DS Smith Plc, Diamond Packaging Corp, and Coveris Holdings S.A.
Developments in the Global Luxury Boxes Market
- Europe based corrugated packaging company, Smurfit Kappa Group Plc, acquired French packaging company Papcart. The acquisition will expand Smurfit Kappa’s product portfolio with the addition of products in the luxury boxes, fast-moving consumer goods (FMCG) products packaging, alcoholic beverages packaging, and bag-in-box
- Pozzoli S.p.A. launched new luxury box, Pozzoli Flat, a range of patented rigid lift-off lid boxes, which can be printed on the entire surface and folded flat
- Sulapac Oy, a biodegradable packaging products manufacturer, developed a new gift or luxury box made up with wood chips, and natural biodegradable binders for Fazer Food Services Company
- Metsä Board launched new design in luxury boxes product line, Gift Box SkinCare 2.0, a packaging solution for beauty & personal care products that targets to improve the consumer experience and reduce the use of plastics. The luxury boxes are designed in a way to reduce the packaging material and provides a recyclable and plastic-free packaging format.
In the global luxury boxes market report, we have analysed strategies of key players to expand business and sustain the competition. A competition dashboard of significant key players is provided in the global luxury boxes market report.
In this report, Transparency Market Research offers a 9-year forecast for the global luxury boxes market between 2019 and 2027. In terms of value, the global luxury boxes market is expected to expand at a CAGR of 4.1% during the forecast period. The study reveals the luxury boxes market dynamics in five geographic segments along with a market analysis for the current market environment and future scenario over the forecast period of the global luxury boxes market.
Luxury Boxes Market: Report Description
This Transparency Market Research report studies the global luxury boxes market for the period 2019–2027. The prime objective of this report is to offer insights and key market trends about the luxury boxes market that are gradually helping transform global businesses.
The global luxury boxes market report begins with an executive summary for various categories and their market value and volume share in the regional market. To compare the segments in the luxury boxes market on the basis of CAGR and incremental opportunity, the wheel of opportunity is provided with a comparative analysis among all the segments. It is then followed by market dynamics and overview of the global luxury boxes market, which includes TMR analysis of market drivers, restraints, opportunities, and trends that are affecting the growth of the luxury boxes market.
The next section of the report highlights the luxury boxes market by region and provides the market outlook for 2019–2027. The study analyses the drivers that influence the regional luxury boxes market. The main regions assessed in this report include North America, Latin America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA). The report evaluates the present scenario and growth prospects of the regional luxury boxes market for 2019–2027. A country-level analysis of the luxury boxes market for each region is presented in the report.
The global market for luxury boxes is segmented by material type, box type, and end-user industry. On the basis of material type, the global market for luxury boxes is segmented into paper, wood, plastic, metal, glass, and other materials (fabric, bio-plastics). On the basis of box type, the global market for luxury boxes is segmented into telescopic, tray with sleeve, neck box, flip top or cigar box, book style, and clamshell. On the basis of end-user industry, the global market for luxury boxes is segmented into personal care & cosmetics, food, beverages, apparel, jewelry, tobacco, and electronics. The next section of the report highlights the luxury boxes market, by region, and provides the market outlook for 2019–2027. The study investigates the Y-o-Y growth regionally, as well as analyses the drivers that influence the regional luxury boxes market. The report evaluates the present scenario and growth prospects of the regional luxury boxes market for 2019–2027.
To ascertain the market size in terms of value and volume, revenue generated by the key manufacturers of luxury boxes and their respective production capacities are taken into consideration. The forecast presented here assesses the total revenue generated by value, across the luxury boxes market. To provide an accurate forecast, we initiated by sizing up the current market, which forms the basis of how the luxury boxes market is expected to develop in the future. Given the characteristics of the luxury boxes market, we triangulated the outcome on the basis of three different types of analysis; based on the supply side, downstream industry demand, and the economic envelope. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR but also analyze the luxury boxes market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the luxury boxes market and identify the right opportunities across it.
The global market size for luxury boxes was tracked from the production capacities of key manufacturers across the world. The penetration of different materials in the global luxury boxes market was calculated accordingly. The same was validated through the bottom-up approach.
In the final section of the report on luxury boxes market, the ‘dashboard view’ of the manufacturers of luxury boxes is provided, to compare the current industrial scenario and their contribution to the market. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a luxury boxes market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the luxury boxes marketplace.
Detailed profiles of companies are also included in the global luxury boxes market report to evaluate their strategies, key product offerings, and recent developments. The key players operating in the global luxury boxes market are Coveris Holdings S.A., Diamond Packaging Corp, DS Smith Plc, Groupe VERPACK, HH Deluxe Packaging, International Paper Company, Karl Knauer KG, Keskeny & Co. Ltd., Kolbus GmbH & Co. KG, Mayr-Melnhof Karton AG, McLaren Packaging Limited, Metsä Board Oyj, Mondi Group, Robinson Plc, Smurfit Kappa Group plc, Solutia Italia Srl, stevenage packaging limited, Stora Enso Oyj, Sunrise Packaging Incorporated, and WestRock Company.
Luxury Boxes Market: Key Segments Covered
By material type, the global luxury boxes market is segmented into:
By end-user industry type, the global luxury boxes market is segmented into:
- Personal Care & Cosmetics
By box type, the global luxury boxes market is segmented into:
- Tray with Sleeve
- Neck Box
- Flip Top or Cigar Box
- Book Style
By region, the global luxury boxes market is segmented into:
- North America
- Latin America
- Rest of Latin America
- Rest Of Europe
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
- Asia Pacific
- South Korea
- Rest of APAC