Global Luxury Packaging Market Size, Share & Trends Report And Forecast 2022-2028.

The global luxury packaging market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The rapid urbanization coupled with rising disposable income is influencing consumer spending on luxurious items, further driving the growth of the global luxury packaging market. According to the data published by UNCTAD in 2021, the share of the urban population increased to 56.2% in 2020. In developed economies, 79.0% of people live in cities. Also, as per the data published by United Nations Organization, the global population is projected to increase by 2 billion persons in the next 30 years from 7.7 billion in 2020 to 9.7 billion in 2050 and could peak at nearly 11 billion around 2100. The growth has been driven by increasing urbanization and accelerating migration. 61.0% of the global population lives in Asia, 17.0% in Africa, 10.0% in Europe, 8.0% in Latin America, and the remaining 5.0% in Northern America. Moreover, as per the data published by Statistics Canada,  the share of disposable income for the household in the lowest quintile increased from 6.1% in the first quarter to a high of 7.2% in the second quarter of 2020. Also, as per OECD, the average household net adjusted disposable income per capita is $30,490 per annum.

The application of luxury packaging in the cosmetics & fragrances segment owing to rising sales of cosmetics is anticipated to drive the growth of the market. For instance, according to the State Administration of Market Regulation (SAMR), in 2020, there were 2.77 million registered cosmetics-related enterprises up from 12.0% of the 2.47 million enterprises registered in China in 2019. Among these, 74.0% consisted of small enterprises and 1.0% were large enterprises. Moreover, according to the National Beuarue of Statistics, the sale of cosmetics in November 2020 and March 2021 accounted for 32.3% and 42.5% respectively. Further, according to the mainland research report on strategic investment planning in China’s cosmetic sector, the online sales channels accounted for 38.0% of total cosmetic sales. Thus, the growing cosmetic industry is anticipated to drive the demand for the global luxury packaging market during the forecast period.

Competitive Landscape- 

Prestige Packaging Industries, DS Smith Plc, and Amcor Plc among others

By Material

• Paperboard
• Glass
• Metal

By End-User

• Cosmetics & Fragrances
• Confectionery
• Watches & Jewelry
• Premium Beverages

Scope of the Report
The research study analyzes the Global Luxury Packaging industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Global Luxury Packaging Market Report
1. What was the Global Luxury Packaging Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Global Luxury Packaging Market during the forecast period (2022-2028)?
   3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
   4. Which manufacturer/vendor/players in the Global Luxury Packaging Market was the market leader in 2021?
   5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

The report covers the following objectives:

• Proliferation and maturation of trade in the Global Luxury Packaging market.
• The market share of the Global Luxury Packaging market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the Global Luxury Packaging market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Luxury Packaging market.