About Luxury Boxes
Luxury box is referred to as the box which is been used for packaging of the costly items, such as phones, jewelry, beauty product and etc. The aesthetic appeal of luxury boxes in the packaging of cosmetic products is relatively high as compared to other packaging formats. The increasing demand for luxury boxes from beauty & personal care, beverages, and electronics packaging industries is propelling the growth of the global market. While some of the factors like the high cost associated with the product market is hampering the market growth.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States and United Kingdom Vendors will contribute the maximum growth to Global Luxury Boxes 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.
DS Smith (United Kingdom), Mondi Group (Austria), Smurfit Kappa (Ireland), International Paper (United States), Stora Enso (Finland), Sunrise Packaging (India), Westrock (United States), Robinson (United Kingdom), McLaren Packaging (United Kingdom) and Coveris (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 Karl Knauer KG, Keskeny & Co Ltd, Mayr-Melnhof Karton, Verpack (Diam Group), Metsa Board and Others.
Segmentation Overview
AMA Research has segmented the market of Global Luxury Boxes market by Type (Neck box, Flip top or cigar box, Telescopic, Tray with sleeve, Book style and Clamshell), Application (Gifting based and Product based) and Region.
On the basis of geography, the market of Luxury Boxes 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 End Use, the sub-segment i.e. Apparel will boost the Luxury Boxes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Paper will boost the Luxury Boxes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Electronics Brands are Adopting luxury boxes for packaging and Increased Disposable Income of an Average Consumer
Market Growth Drivers:
Confectionery Manufacturers and Marketers are Offering Personalised Luxury Boxes to Customers to Fulfil their Gifting Needs, Increasing Demand for Luxury Boxes from Beauty & Personal Care, Beverages, and Electronics Packaging Industries and Increased Adoption of Luxury Lifestyle
Challenges:
People are Unaware Of the Luxury Box Packaging and Fluctuation in the Price of Raw Material
Restraints:
High Cost Associated with the Product if Contain in Luxury Box and Availability of Alternatives
Opportunities:
Adoption of Connected Packaging to Reach Customers From a Digital Marketing Perspectives
Market Leaders and their expansionary development strategies
In December 2018, 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
In June 2023, 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
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Software Developers, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
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.