Global Luxury Rigid Gift Boxes- Market Overview:
Luxury rigid boxes present merchandise in a luxurious, elegant, and sophisticated manner. These boxes are primarily used to attract the attention of customers and increase sales at the place of sales. As a result, most industries are focusing on prepared packaging or shelf ready packaging via luxury boxed products.Luxury Rigid Gift Boxes are non-flexible, weight-bearing, & hard gift boxes made of various materials depending on the end use, such as paper, corrugated fiberboard, high-density polyethylene, aluminum, wood, fibre, and steel. As a result, rising customer preference for rigid packaging over flexible packaging, owing to its high impact strength, better product protection, as well as durability, is propelling rigid box sales in the global market.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | -2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Advancement In Manufacturing Of Luxury Gift Boxes and Innovation In New Design Of Luxury Gift Boxes
Market Growth Drivers:
Increasing Trend Of Festival Celebration Leads The Demand For Luxury Rigid Gift Boxes and Growing Corporate Events, Using Gifting To Express Gratitude To Establish Business Relation
Challenges:
High Cost associated with Luxury Rigid Gift Boxes and Intense Competition Among Players
Restraints:
Rise In Price Of Raw Material and Presence Of Alternative Product At Low Price In Market
Opportunities:
Growing Demand For Luxury Rigid Gift Boxes Through E-Commerce Channels
Competitive Landscape:
The market for Luxury Rigid Gift Boxes is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share.
Some of the key players profiled in the report are Dribbble (United States), ARTECHPMS LTD. (China), r-pac International Corporation (United States), Khang Thanh (Vietnam), Progress Luv2Pak (Canada), Paper Mart (United States), Metsä Board (Finland), Packaging Bee (United States), Stora Enso (Finland), Infinity Packaging Solutions (United States) and The Packing Company (India). Analyst at AMA Research see United States Vendors to retain maximum share of Global Luxury Rigid Gift Boxes- market by 2027. Considering Market by Material , the sub-segment i.e. Chipboard will boost the Luxury Rigid Gift Boxes- market. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Luxury Rigid Gift Boxes- market.
On 25 February r-pac International a leading global provider of branded packaging, trims, sensor technologies & supply chain solutions and American Securities LLC, a leading U.S. private equity firm, announced a strategic partnership that includes an investment from affiliates of American Securities to support the continued growth and global expansion of r-pac International.
What Can be Explored with the Luxury Rigid Gift Boxes- Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Luxury Rigid Gift Boxes- Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Luxury Rigid Gift Boxes-
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Luxury Rigid Gift Boxes- market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Luxury Rigid Gift Boxes- market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.