Global Luxury Packaging Market Size, Share Overview 2020-2023 |A Latest Research Report to Share Market Insights and Dynamics by Market Reports World

Worldwide "Luxury Packaging" Market report 2020 sheds light on key attributes of industry which incorporates market dynamics and growth of Luxury Packaging industry in upcoming years. This report also provides in-depth information of Top key players, Types and Applications and geographically analysis and contains information about Industry Overview, Definition, Specifications, Raw Material and Suppliers, Cost Structure Analysis, RandD Status and Technology Source. Luxury Packaging market report also presents the proficient and detailed analysis of the current situation of industry. The research report provides

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Top Manufacturers Listed in the Luxury Packaging Market Report are:
o Group VERPACK
o Progress Packaging Ltd.
o Prestige Packaging Industries
o MW Luxury Packaging
o Lucas Luxury Packaging Limited
o Crown Holdings Inc
o Ardagh Group
o Pendragon Presentation Packaging Ltd.
o Owens-Illinois Inc
o HH Deluxe Packaging

The global luxury packaging market is expected to register a CAGR of about 4.67% during 2018-2023 (the forecast period). The report highlights the different types of materials that are used by the players for the manufacture of packaging solutions. The regions considered in the scope of this report include North America, Europe, and various others. Apart from this, the report also discusses that how the growing penetration of travel retail and online retail is fueling the demand for luxury packaging solutions
Luxury packaging is used for packaging and decorating high-end products.
Major packaging manufactures are gaining access to various high-quality materials and innovative shapes, as these properties enhance the consumer experience. The factors, like changing consumer preferences, growing willingness to spend more, and rising focus of several brands on design, processes, and the overall product development, are boosting the luxury packaging demand.
In addition, the small-scale suppliers are differentiating themselves by offering specific products, engineered support, and packaging solutions for their target customers. Even though the global macro environment is challenging, the underlying growth of the luxury packaging market is expected to remain strong, as many technological trends are evolving.
The companies, with broader product portfolios, are expected to outperform on the basis of their capability, to address challenges in the major market space. These companies are also expected to benefit from the decreasing production costs, owing to globalization and deflationary pressures.
Growth in the Demand for Appealing Packaging to Drive the Market
An increase in the luxury product consumption rate and the number of product launches in the fashion and cosmetic sectors are some major factors driving the market growth. Moreover, increase in investments by manufacturers, in sustainable development, demands the need for innovation and technologies in luxury packaging, which is expected to further accelerate the growth of the luxury packaging market. Through luxury packaging solutions, each brand seems to be adopting a unique style. It further helps customers to associate products with a particular brand. Also, the major market players are concentrating on the development of packaging materials that prevent contamination of products (especially food and beverages), apart from being aesthetically appealing.
Glass to Hold the Highest Market Share
The demand for glass material is being driven by the recovering and growing main luxury markets, such as cosmetics and fragrances. Glass material remains popular with brand owners and consumers, due to its strong sustainability associations and aesthetically appealing properties. The cost associated with glass per ton is quite lower when compared to, both, luxury paperboard and plastics. Moreover, the prominence of glass in the alcoholic drinks segment is expected to drive the market demand. However, glass, on the whole, is expected to lose share in the upcoming years, owing to the growing demand for plastic packaging that is being driven by lower costs and lighter weights associated with plastic.
Asia-Pacific to witness the Highest Growth Rate
Asia-Pacific is expected to be the fastest growing region, owing to the increase in consumer spending in China, India, Japan, and other countries. Moreover, the demand for cosmetics and food products is expected to grow, owing to the growing population and the demand for quality products, urbanization, and consumers inclining toward technology. Large population and heavy urbanization have led to an increase in demand for frozen food products in the region Chinese consumers are looking for easy-to-use and quality food products. Also, in the recent years, a surge in online retailing in the region is expected to drive the demand for luxury packaging solutions.
Key Developments in the Market
o October 2019 - Port Glasgow-based McLaren Packaging, a Scottish manufacturer who drives the bulk of its business from the Scotch whiskey industry, announced a multi-million-pound expansion plan. The company planned to invest about GBP 3 million, in order to build a luxury packaging facility in Stirling.

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Regional Segmentation Includes:
- United States
- Europe
- China
- Japan
- South Korea
- Other Regions
Reasons to Purchase the Luxury Packaging Market Report:
- The report analyses how the shift towards safety will drive the global automotive anti-lock braking system market size and Share.
- Analyzing various perspectives of the market with the help of Porter's five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest Luxury Packaging Market growth during the forecast period.
- Identify the latest developments, Luxury Packaging market shares and strategies employed by the major market players.

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Major Points from Table of Contents:
1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Factors Driving the Market
4.2.1 Growing Demand for Appealing Packaging Solutions
4.2.2 Increasing Penetration of Travel Retail and Online Retail
4.3 Factors Restraining the Market
4.3.1 Decline in the Demand for Glass Packaging
4.4 Industry Attractiveness - Porter's Five Industry Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products or Services
4.4.5 Competitive Rivalry among Existing Competitors
4.5 Industry Policies
5. Global Luxury Packaging Market Segmentation
5.1 By Material
5.1.1 Paperboard
5.1.2 Wood
5.1.3 Plastic
5.1.4 Glass
5.1.5 Metal
5.1.6 Others
5.2 By End User
5.2.1 Cosmetics and Fragrances
5.2.2 Confectionery
5.2.3 Watches and Jewelry
5.2.4 Alcoholic Drinks
5.2.5 Food and Non- Alcoholic Drinks
5.2.6 Others
5.3 By Region
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Others
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Others
5.3.4 Latin America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Mexico
5.3.4.4 Others
5.3.5 Middle East & Africa
5.3.5.1 UAE
5.3.5.2 Saudi Arabia
5.3.5.3 Others
6. Competitive Intelligence - Company Profiles
6.1 MW Luxury Packaging
6.2 Progress Packaging Ltd
6.3 HH Deluxe Packaging
6.4 Groupe VERPACK
6.5 Prestige Packaging Industries
6.6 Lucas Luxury Packaging Limited
6.7 Crown Holdings Inc.
6.8 Ardagh Group
6.9 Pendragon Presentation Packaging Ltd
6.10 Owens-Illinois Inc.
7. Investment Analysis
8. Future of the Luxury Packaging Market

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