About Global Secondary Paper & Paperboard Luxury Packaging Market
Secondary paper and paperboard luxury packaging involves the use of high-quality materials and innovative designs to create packaging for premium products. This type of packaging serves as an outer layer, providing protection, brand differentiation, and an enhanced consumer experience. Generally used in the cosmetics, spirits, and luxurious retail, it involves eco-friendly and recyclable materials as it is supported by ecological trends. Embossing, foil stamping, and custom printing are some of the techniques that give the package a luxurious touch. The market for secondary luxury packaging is growing, driven by consumer demand for aesthetically pleasing and environmentally conscious packaging solutions.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global secondary paper and paperboard luxury packaging market is experiencing significant growth, driven by increasing demand for sustainable and aesthetically appealing packaging solutions. The major players of this market include Amcor PLC, International Paper Company, and Reynolds Packaging, among others drawing on their abundant resources and innovation technologies to maintain the competitive edge. The market also sees the entrance of small, niche companies specializing in a specific area and providing customized solutions. Competition is intense, with companies investing in research and development to create eco-friendly and high-quality packaging that meets the evolving preferences of consumers and regulatory requirements. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Global Secondary Paper & Paperboard Luxury Packaging Market market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Amcor plc (Switzerland), Mondi (United Kingdom), DS Smith (United Kingdom), Smurfit Kappa (Ireland), Holmen (Sweden) and International Paper (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Reynolds Packaging (United States), Sealed Air (United States), Stora Enso (Finland) and Pratt Industries (United States).
Segmentation Overview
AMA Research has segmented the market of Global Global Secondary Paper & Paperboard Luxury Packaging Market market by Type (Chipboard, Corrugated and Heat/shrink wrap), Application (Personal Care and Cosmetics, Food and Beverages, Education and Stationary, Confectionary, Healthcare and Others) and Region.
On the basis of geography, the market of Global Secondary Paper & Paperboard Luxury Packaging Market has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Grade, the sub-segment i.e. Clay Coated News Backboard (CCNB) will boost the Global Secondary Paper & Paperboard Luxury Packaging Market market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing demand for automation in packaging and Increasing trends towards customizable and visually appealing packaging
Market Growth Drivers:
Increasing demand for sustainable and eco-friendly packaging
Challenges:
Vulnerability to Moisture and Impact
Restraints:
Increasing Environmental impact during manufacturing
Opportunities:
Increasing demand for Smart Packaging
Market Leaders and their expansionary development strategies
In Aug 2023, Amcor acquired Phoenix Flexibles, expanding Amcor’s capacity in the high-growth Indian market. The addition of Phoenix Flexibles’ capitalized and strategically located production facility increased Amcor’s capacity to satisfy continued high demand and drive strong returns for shareholders. The acquisition also added advanced film technology, enabling local production of a broader range of more sustainable packaging solutions, and bringing capabilities allowing Amcor to expand its product offering in attractive high-value segments.
In Oct 2023, Amcor signed a Memorandum of Understanding (MOU) with SK Geo Centric (SK), a leading petrochemical company based in South Korea, to source advanced recycled material primarily in the Asia Pacific region beginning in 2025. The MOU with SK will enable Amcor to provide access to packaging solutions using recycled content for food and healthcare customers in key markets in Asia Pacific, as well as globally, building on Amcor’s existing global access to advanced recycled material through other suppliers.
Key Target Audience
Packaging Manufacturers, Market Research Firms, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.