Luxury Rigid Boxes Market to Reach US$ 5.4 Bn by 2030, Future Market Insights

Luxury Rigid Boxes Market to Reach US$ 5.4 Bn by 2030, Future Market Insights

PR Newswire

DUBAI, UAE, July 21, 2020

DUBAI, UAE, July 21, 2020 /PRNewswire/ --The luxury rigid boxes market shall register a value of US$ 5.4 Bn by the end of the 2020-2030 forecast period, opines Future Market Insights in its report.

Future Market Insights

The packaging industry has witnessed considerable advancements since the past several decades, with the introduction of luxury rigid boxes being an important one. As consumers' disposable incomes have risen, the demand for luxury goods has risen considerably in the past few years.

As social interactions have become more common, the trend of gifting has also surged. Therefore, the uptake of luxury rigid boxes has increased as they provide aesthetic value to the gifted product. Also, using luxury boxes for premiumisation has become an emerging trend amongst several gifting startups and companies.

Over the years, the sales of cosmetics, personal care items, apparel, jewellery and cosmetics are anticipated to provide significant traction to the luxury rigid boxes market, keeping the market afloat.

"Increasing number of e-commerce platforms to purchase luxury items is shifting the customer base, prompting market players to invest in online packaging over and above traditional channels," infers an FMI analyst.

Download a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-11926

Key Takeaways from FMI's Luxury Rigid Market Study

Luxury Rigid Boxes Market- Key Trends

Luxury Rigid Boxes Market- Region-wise Analysis

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Luxury Rigid Boxes Market- Competitive Landscape

The luxury rigid boxes market is highly fragmented, making it highly competitive. Market players are concentrating on innovations and new product developments.

For instance, Madovar Packaging Inc. launched custom apparel gift boxes for the Antoniella apparel company in February 2020. Besides, companies also focus on collaborations to remain afloat in the market.

An example of this is McLaren Packaging Ltd acquiring Moelle Interlok Packaging, a company specializing in producing solid board divisions and layer pads for electronics, glasses and beverage industries in 2019.

For information on the research approach used in the report, request methodology@ https://www.futuremarketinsights.com/askus/rep-gb-11926

Luxury Rigid Boxes Market Taxonomy

Packaging Type

Closure Type

Insert Type

Material

End-Use

Fashion Accessories & Apparels

Food & Beverages

Consumer Goods

Perfumes

Consumer Electronics

Region/Country

North America

Latin America

Europe

Asia-Pacific

Middle East & Africa

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Luxury Rigid Boxes Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global luxury rigid boxes market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the luxury rigid boxes market on the basis of packaging (hinge lid box, collapsible box, rigid sleeve box, shoulder neck box, two piece box, telescopic box, and others), closure type (magnetic closure, ribbon tie, mechanical lock, and frictional seal), insert (with insert {foam inserts, paper and paperboard insert, and plastic insert} and without inserts), material (fabrics, metals, plastics, paper and paperboard, and wood), end use industry (fashion accessories & apparels {watches, jewelry, sunglasses, ties, shoes, apparels, and others}, food & beverages {cookies & biscuits, chocolates, sweets, alcoholic beverages, and others}, consumer goods {flowers, ceramics, glass craft, metal craft, and others}, perfumes, and consumer electronics) across five regions.

Explore Extensive Insights on FMI's Packaging Division

Rigid Packaging Containers Market: FMI's rigid packaging containers market offers an in-depth 360-degree analysis on the prominent growth dynamics across four major segments spread over five geographies for the 2020-2030 forecast period.

Rigid Trays Market: The ongoing study on rigid trays market initiated by FMI brings to the fore valuable insights on the business models, key strategies and respective market shares of some of the most prominent players across the landscape.

Luxury Packaging Market: The luxury packaging market study initiated by FMI provides information regarding prominent growth dynamics across the following prominent segments: product type, packaging product and end-user over five prominent regions.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Report: https://www.futuremarketinsights.com/reports/luxury-rigid-boxes-market 
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