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Luxury Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 142 Pages
  • February 2023
  • Region: Global
  • IMARC Group
  • ID: 5753467

The global luxury packaging market size reached US$ 15.8 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 20.9 Billion by 2028, exhibiting a CAGR of 4.77% during 2022-2028.

Packaging has a crucial role in creating brand value, protecting against product damage and attracting potential consumers. It also provides information about the product value and the benefits that can be derived from the same. Consequently, luxury brands leverage packaging as a key strategy to enhance brand image. They utilize packaging as a medium for creating value, connecting with consumers and garnering their interest. With the evolving market trends and changing consumer preferences, packaging manufacturers are developing new solutions such as using premium and environment-friendly materials and introducing products with enhanced functionality and multi-use designs.

One of the key factors that are boosting the growth of the luxury packaging market is the increasing adoption of sustainable packaging solutions. As consumers are becoming aware of environmental degradation and seeking products and packaging made from natural materials, numerous brands are prioritizing sustainable development over other aspects. They are offering packaging solutions made with biodegradable, compostable or recycled materials, as well as reducing waste by using lighter materials to lower the weight. Another key trend shaping the luxury packaging market is the expanding e-commerce industry. In line with the transforming consumer purchasing behaviors, several brands are expanding their presence on online retail channels. They are introducing packaging equipped with radio-frequency identification (RFID) tags or decorative holograms, and returnable packaging options to meet the unique challenges presented by online retailing and product counterfeiting. Some of the other growth inducing factors include rapid urbanization, inflating income levels, growing influence of social media and the arrival of curated and personalized packaging formats.

Key Market Segmentation:

The analyst provides an analysis of the key trends in each sub-segment of the global luxury packaging market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on material and application.

Breakup by Material:

  • Paperboard
  • Wood
  • Plastic
  • Glass
  • Metal
  • Others

Breakup by Application:

  • Cosmetics and Fragrances
  • Confectionery
  • Watches and Jewelry
  • Alcoholic Drinks
  • Food and Non-Alcoholic Drinks
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Amcor, Ardagh Group, Crown Holdings, DS Smith, HH Deluxe Packaging, Lucas Luxury Packaging Limited, MW Luxury Packaging, Owens-Illinois Inc., Pendragon Presentation Packaging Ltd, Prestige Packaging Industries and Progress Packaging Ltd., etc.

The analyst's latest report provides a deep insight into the global luxury packaging market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the luxury packaging industry in any manner.

Key Questions Answered in This Report

1. What was the size of the global luxury packaging market in 2022?
2. What is the expected growth rate of the global luxury packaging market during 2023-2028?
3. What are the key factors driving the global luxury packaging market?
4. What has been the impact of COVID-19 on the global luxury packaging market?
5. What is the breakup of the global luxury packaging market based on the material?
6. What is the breakup of the global luxury packaging market based on the application?
7. What are the key regions in the global luxury packaging market?
8. Who are the key players/companies in the global luxury packaging market?

Table of Contents

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Luxury Packaging Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Material
6.1 Paperboard
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Wood
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Plastic
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Glass
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Metal
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast

7 Market Breakup by Application
7.1 Cosmetics and Fragrances
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Confectionery
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Watches and Jewelry
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Alcoholic Drinks
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Food and Non-Alcoholic Drinks
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast

8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast

9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats

10 Value Chain Analysis

11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes

12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Profiles of Key Players
12.3.1 Amcor
12.3.1.1 Company Overview
12.3.1.2 Product Portfolio
12.3.2 Ardagh Group
12.3.2.1 Company Overview
12.3.2.2 Product Portfolio
12.3.3 Crown Holdings
12.3.3.1 Company Overview
12.3.3.2 Product Portfolio
12.3.3.3 Financials
12.3.3.4 SWOT Analysis
12.3.4 DS Smith
12.3.4.1 Company Overview
12.3.4.2 Product Portfolio
12.3.4.3 Financials
12.3.4.4 SWOT Analysis
12.3.5 HH Deluxe Packaging
12.3.5.1 Company Overview
12.3.5.2 Product Portfolio
12.3.6 Lucas Luxury Packaging Limited
12.3.6.1 Company Overview
12.3.6.2 Product Portfolio
12.3.7 MW Luxury Packaging
12.3.7.1 Company Overview
12.3.7.2 Product Portfolio
12.3.8 Owens-Illinois Inc.
12.3.8.1 Company Overview
12.3.8.2 Product Portfolio
12.3.8.3 Financials
12.3.8.4 SWOT Analysis
12.3.9 Pendragon Presentation Packaging Ltd
12.3.9.1 Company Overview
12.3.9.2 Product Portfolio
12.3.10 Prestige Packaging Industries
12.3.10.1 Company Overview
12.3.10.2 Product Portfolio
12.3.11 Progress Packaging Ltd.
12.3.11.1 Company Overview
12.3.11.2 Product Portfolio

List of Figures
Figure 1: Global: Luxury Packaging Market: Major Drivers and Challenges
Figure 2: Global: Luxury Packaging Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Luxury Packaging Market: Breakup by Material (in %), 2022
Figure 4: Global: Luxury Packaging Market: Breakup by Application (in %), 2022
Figure 5: Global: Luxury Packaging Market: Breakup by Region (in %), 2022
Figure 6: Global: Luxury Packaging Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: Global: Luxury Packaging (Paperboard) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Luxury Packaging (Paperboard) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Luxury Packaging (Wood) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Luxury Packaging (Wood) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Luxury Packaging (Plastic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Luxury Packaging (Plastic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Luxury Packaging (Glass) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Luxury Packaging (Glass) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Luxury Packaging (Metal) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Luxury Packaging (Metal) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Luxury Packaging (Other Materials) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Luxury Packaging (Other Materials) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Luxury Packaging (Cosmetics and Fragrances) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Luxury Packaging (Cosmetics and Fragrances) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Luxury Packaging (Confectionery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Luxury Packaging (Confectionery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Luxury Packaging (Watches and Jewelry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Luxury Packaging (Watches and Jewelry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Luxury Packaging (Alcoholic Drinks) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Luxury Packaging (Alcoholic Drinks) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Luxury Packaging (Food and Non-Alcoholic Drinks) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Luxury Packaging (Food and Non-Alcoholic Drinks) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Luxury Packaging (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Luxury Packaging (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: North America: Luxury Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: North America: Luxury Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: United States: Luxury Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: United States: Luxury Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Canada: Luxury Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Canada: Luxury Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Asia Pacific: Luxury Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Asia Pacific: Luxury Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: China: Luxury Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: China: Luxury Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Japan: Luxury Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Japan: Luxury Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: India: Luxury Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: India: Luxury Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: South Korea: Luxury Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: South Korea: Luxury Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Australia: Luxury Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Australia: Luxury Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Indonesia: Luxury Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Indonesia: Luxury Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Others: Luxury Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Others: Luxury Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Europe: Luxury Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Europe: Luxury Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Germany: Luxury Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Germany: Luxury Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: France: Luxury Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: France: Luxury Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: United Kingdom: Luxury Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: United Kingdom: Luxury Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Italy: Luxury Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Italy: Luxury Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Spain: Luxury Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Spain: Luxury Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Russia: Luxury Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Russia: Luxury Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Luxury Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Luxury Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Latin America: Luxury Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Latin America: Luxury Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Brazil: Luxury Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Brazil: Luxury Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Mexico: Luxury Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Mexico: Luxury Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Luxury Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Luxury Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Middle East and Africa: Luxury Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Middle East and Africa: Luxury Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Global: Luxury Packaging Industry: SWOT Analysis
Figure 80: Global: Luxury Packaging Industry: Value Chain Analysis
Figure 81: Global: Luxury Packaging Industry: Porter’s Five Forces Analysis

List of Tables
Table 1: Global: Luxury Packaging Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Luxury Packaging Market Forecast: Breakup by Material (in Million US$), 2023-2028
Table 3: Global: Luxury Packaging Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Luxury Packaging Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Luxury Packaging Market: Competitive Structure
Table 6: Global: Luxury Packaging Market: Key Players

Companies Mentioned

  • Amcor
  • Ardagh Group
  • Crown Holdings
  • DS Smith
  • HH Deluxe Packaging
  • Lucas Luxury Packaging Limited
  • MW Luxury Packaging
  • Owens-Illinois Inc.
  • Pendragon Presentation Packaging Ltd
  • Prestige Packaging Industries
  • Progress Packaging Ltd.

Methodology

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