company news about Luxury Rigid Boxes Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2030

Luxury rigid boxes market is projected to reach over US$ 5.4 Bn by 2030, as per

the new market study published by the ESOMAR recognized research firm Future

Market Insights.

Luxury rigid boxes have been an ideal solutions for product premiumization.

They add to the appearance and aesthetics, boosting sales of the beauty and

personal care products. This has prompted the end-use segment to use luxury rigid boxes

to make impactful designs to lure in more consumers. With a booming beauty products

market, analysts anticipate that luxury rigid boxes will see excellent growth opportunities.

The global leaders of beauty and personal care industries including Unilever, L’Oréal,

Estée Lauder Procter & Gamble, and Shiseido and Coty have collectively reported soaring

revenues, which is expected to translate with bigger budgets for luxury packaging of

products. North America and Asia Pacific leading market for beauty and personal care

markets and holding nearly 64% market share. All of these statistics point towards brilliant

growth opportunities for luxury rigid boxes, which are continuously evolving to keep with t

he changing demands. Today, demand for eco-friendly packaging materials is also being

factored in the production of luxury rigid boxes.

Furthermore, gradual shift from traditional packaging trend to smart and connected packaging

trend has been observed in recent years. Digital shopping platforms and e-commerce have

drastically increased connectivity with the consumers and it has created a great

exponential opportunity for the manufacturers in the luxury boxes market. The luxury boxes with

Near Field Technology and RFID technology are expected to be next-gen intelligent packaging

formats, as the demand for anti-counterfeiting and anti-theft prevention packaging solutions is increasing.

Key Takeaways of Luxury rigid boxes Market Study
 

• Consumer goods industry is estimated to account for more than

​         ​1/3rd of the luxury rigid boxes market by 2030

• Two piece boxes estimated to have an incremental opportunity

        of US$ 268 Mn by 2025

• Paper and paperboard estimated to account for 68% of the

        global market by value, and reach slightly over US$ 3.6 Bn in 2030

• Magnetic closure is estimated to gain by 180 bps of current market

        share during the forecast period

• Foam inserts are estimated to have a significant market share by

        insert types, accounting for more than half of the market share by 2030

• Asia Pacific is estimated to have an incremental opportunity of

       US$ 930 Mn by 2030 with the increasing demand for luxury boxes for

       confectionery product packaging

Luxury Rigid Boxes Market by Category

By Packaging Type:

• Hinge lid Box​​
• Collapsible Box​
• Rigid Sleeve Box
• Shoulder Neck Box
• Two piece Box
• Telescopic Box
• Others

By Material:

• Fabrics
• Metals
• Plastics
• Paper & Paper Board
• Wood

By Closure Type:

• Magnetic Closure
• Ribbon tie
• Mechanical Lock
• Others

By Inserts:

• Without insert
• With insert
• Foam Inserts
• Plastic Inserts
• Paper or Paperboard Insert

By End Use:

• Fashion Accessories & Apparels
• Watches
• Jewelry
• Sunglasses
• Ties
• Shoes
• Apparels
• Others
• Food & Beverages
• Cookies & Biscuits
• Chocolates
• Sweets
• Alcoholic beverages
• Others
• Consumer Goods
• Flowers
• Ceramics
• Glass craft
• Metal craft
• Others
• Perfumes
• Consumer Electronics

Luxury rigid boxes Market Landscape

The global luxury rigid boxes market is fragmented and it is anticipated to witness tough

competition among the manufacturers across several regions. This market consist

of strong key players focusing on innovative product development. Besides this, new

players are entering into the market owing to significant sales creation with the increasing

demand for luxury boxes in cosmetics, food and beverages and personal care industries.