Implementation of Nano-technology Decorative Elements in Luxury Folding Cartons to Capture Consumer Attention
The global luxury folding carton market has been recently analyzed by Transparency Market Research to evaluate the global and regional trends and market forecast. As per the report named, “Luxury Folding Carton Market: Global Industry Analysis 2013 – 2018 and Opportunity Assessment 2019 – 2027,” TMR observed that the consumer preference for packaging and growing focus of the end-user industry on differentiating their products from a competitor’s are boosting the demand for luxury folding cartons. In 2018, the global luxury folding carton market was valued at around US$ 2 Bn and is anticipated to expand at a CAGR of 4.6% during the forecast period (2019-2027).
Personal Care and Cosmetics Industry Is Expected to Dominate the Luxury Folding Carton Market Throughout the Forecast Period
The personal care and cosmetics industry is anticipated to be the most dominating end user for luxury folding carton owing to the need for aesthetic and specialized packaging. Luxury cosmetics are generally packaged in primary and secondary packaging, where a paperboard luxury folding carton is used as the secondary packaging. Printing technologies play a key role in converting a standard folding carton into a luxury folding carton.
Weight, shape, structure, and material of luxury folding cartons are influencing the personal care and cosmetics industry preferences for packaging. In 2017, the global luxury cosmetics market was valued for about 23% of the total beauty market and is projected to witness impressive growth during the forecast period. Skincare and makeup products are expected to be prominent segments in the global luxury beauty market.
Apparel Industry Is Expected to Witness Fast-paced Growth Throughout the Forecast Period
Apparel marketers are focusing on growing their retail sales with the help of exclusive packaging and excellent shelf appeal. With luxury folding carton, end users are focusing on shelf appeal and customer engagement at point of sale and providing delightful service to retain their customers.
E-commerce industry emphasizes on creating uniqueness for consumers through interesting packaging of apparel. Luxury folding cartons for the apparel industry are projected to witness fast-paced growth during the forecast period amongst all end users.
Western European apparels industry is estimated to be the largest consumer for luxury folding carton, followed by North America and the Asia Pacific regions. The introduction of new apparel brands in emerging markets such as the Asia Pacific and Latin America is anticipated to boost the demand for luxury folding cartons during the forecast period.
Need for Premiumization of Alcoholic Beverages Packaging is Anticipated to Boost the Demand for Luxury Folding Carton
The food and beverages industry has transformed a lot in the past few years. The increased competition and a new era of online food services are repositioning the food and beverages packaging market. Alcoholic beverages are expected to a prominent user for the luxury folding carton owing to the need for premium packaging formats for high-cost liquors.
Online food services are focusing on luxury folding carton to enhance brand visibility and use smart packaging for digital connectivity, which is expected to create technological advancements in luxury folding carton.
The global luxury folding carton market is analyzed by observing the global and regional key players of the luxury folding carton market. The dedicated section for competitive landscape is presented to explain the company overview, total and segmental revenue, how it competes in the luxury folding carton market, and product lines.
The key players operating in the global luxury folding carton market which are profiled in the report are- Robinson Plc, McLaren Packaging, Sunrise Packaging, Stora Enso Oyj, Westrock Company, International Paper Company, Smurfit Kappa Group Plc, DS Smith Plc, Mondi Group, Coveris Holdings S.A., Karl Knauer KG, Keskeny & Co. Ltd., Mayr-Melnhof Karton AG, Groupe VERPACK, Metsä Board Oyj, KOLBUS GmbH & Co. KG, HH Deluxe Packaging, Solutia Italia Srl, Stevenage Packaging Limited, and Diamond Packaging Corp. The competitive dashboard in the luxury folding carton report distinguishes key players on the basis of different parameters such as regions, employees, key strength, product lines, and others.
Recent product-level developments in the global luxury folding carton market -
- In November 2018, Fresnels Inc, the company which provides packaging solutions, developed a new recycled luxury folding carton featuring dynamic nanotechnology decorative elements to catch the eye and interact with customers in the retail beverages environment
- In January 2019, Metsä Board, the paperboard and packaging manufacturer, introduced a new luxury folding carton named SkinCare 2.0 gift box, which uses fiber-based materials to replace plastic
- In October 2018, Sappi North America, Inc., announced the launch of a luxury packaging and folding carton line with its two premium boards, Proto and Spectro
- In September 2018, the United States-based company Hippo Premium Packaging introduced a new child-resistant packaging line for the cannabis industry. Duallok, the luxury folding carton, is expected to offer greater brand visibility to the cannabis industry.
In this report, Transparency Market Research offers a 9-year forecast for the global luxury folding carton market between 2019 and 2027. In terms of value, the global luxury folding carton market is expected to expand at a CAGR of 4.6% during the forecast period. The study reveals the luxury folding carton market dynamics in six geographic segments along with a market analysis for the current market environment and future scenario over the forecast period of the global luxury folding carton market.
Luxury Folding Carton Market: Report Description
This Transparency Market Research report studies the global luxury folding carton market for the period 2019–2027. The prime objective of this report is to offer insights and key market trends pertaining to the luxury folding carton market that are gradually helping transform global businesses.
The global luxury folding carton 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 folding carton 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 an overview of the global luxury folding carton market, which includes TMR analysis of market drivers, restraints, opportunities, and trends that are affecting the growth of the luxury folding carton market.
The next section of the report highlights the luxury folding carton market by region and provides the market outlook for 2019–2027. The study analyses the drivers that influence the regional luxury folding carton 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 folding carton market for 2019–2027. A country-level analysis of the luxury folding carton market for each region is presented in the report.
The next section of the report highlights the luxury folding carton 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 folding carton market. The report evaluates the present scenario and growth prospects of the regional luxury folding carton market for 2019–2027.
To ascertain the market size in terms of value and volume, revenue generated by the key manufacturers of luxury folding carton and their respective production capacities are taken into consideration. The forecast presented here assesses the total revenue generated by value, across the luxury folding carton market. To provide an accurate forecast, we initiated by sizing up the current market, which forms the basis of how the luxury folding carton market is expected to develop in the future.
Given the characteristics of the luxury folding carton 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 folding carton market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the luxury folding carton market and identify the right opportunities across it.
The global market size for luxury folding carton was tracked from the production capacities of key manufacturers across the world. The penetration of different materials in the global luxury folding carton market was calculated accordingly. The same was validated through the bottom-up approach.
In the final section of the report on the luxury folding carton market, the ‘dashboard view’ of the manufacturers of luxury folding carton 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 folding carton market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on an in-depth assessment of their capabilities and success in the luxury folding carton marketplace.
Detailed profiles of companies are also included in the global luxury folding carton market report to evaluate their strategies, key product offerings, and recent developments. Key players operating in the global luxury folding carton market are Smurfit Kappa Group Plc, DS Smith Plc, Mondi Group, Coveris Holdings S.A., Robinson Plc, McLaren Packaging, Sunrise Packaging, Stora Enso Oyj, Westrock Company, International Paper Company, Metsä Board Oyj, KOLBUS GmbH & Co. KG, Karl Knauer KG, Keskeny & Co. Ltd., Mayr-Melnhof Karton AG, Groupe VERPACK, HH Deluxe Packaging, Stevenage Packaging Limited Solutia Italia Srl, and Diamond Packaging Corp.
Luxury Folding Carton Market: Key Segments Covered
The global market for luxury folding carton is segmented by material type, structure, inserts, and end-user industry.
By material type,
- Folding Boxboard
- Solid Unbleached Board
- Solid Bleached Board
- White Line Chipboard
- Foam Insert
- Paper or Paperboard Insert
- Plastic Insert
- Without insert
- Straight Tuck End
- Reverse Tuck End
- Tuck Top Auto-bottom
- Tuck Top Snap-lock Bottom
- Full Seal End Cartons
- Double Glued Sidewall
By end-user industry type,
- Food & Beverages
- Cosmetics & Personal Care
- North America
- Latin America
- Rest of Latin America
- Western Europe
- Rest of Western Europe
- Eastern Europe
- Czech Republic
- Rest of Eastern Europe
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific