Registering a CAGR of 3.6% over the forecast period of 2022-2027, the global Luxury Rigid Boxes market is anticipated to reach the market value of USD 5.68 billion in the year 2027 from USD 4.85 billion in the year 2021.
Luxury rigid boxes are commonly used for packaging of consumer goods including luxury pens, watches, electronic accessories, confectionery foods, cosmetics, etc. Since 2012, producers in China and India have participated considerably in growing their production capacity of luxury rigid boxes. Revolutionary successful in mobile phones and mobile phones accessories have fortified many small and local producers to enter the luxury rigid box market in India and China. The global industry for luxury rigid box market is categorized by presence of small to mid-size producer along with established multinational companies.
Global regulatory authorities' growing concern about the increase in plastic waste from packaging and its inappropriate disposal is expected to boost the paper and paperboard product market over the forecast period. Rigid packaging made of paper and paperboard is environmentally friendly and biodegradable. Without damaging the environment, such things can be landfilled, composted, or recycled.
Rigid packaging made of paper and paperboard may be reused many times, making it a sustainable kind of packaging; however, most flexible packaging is not eco-friendly and cannot be reused. Recycling of paper-based products is prevalent, however due to the different layers of flexible packaging, recycling is not possible.
22 February 2022: Fortnum and Mason collaborate with Robinson to launch luxury iced fingers--
Robinson – the manufacturer specialising in value-added custom packaging – has partnered with Fortnum and Mason to launch their new iced fingers. Robinson produced two different sized boxes that have been embellished with gold blocking to add a luxury, high-end appeal.
11.1.2022: Metsä Board developed a combined gift and transport packaging for wines--
In cooperation with the German Prinz von Hessen winery, Metsä Board has developed a new packaging, which is both a gift and a transport box. Metsä Board's packaging design team designed the robust and eye-catching packaging solution at its Excellence Centre in Äänekoski, Finland.
By Type, it is segmented into
By Applications it is segmented into
Asia Pacific and Europe are the two regions that have been leading the global luxury rigid boxes market since the past few years. These two regions collectively accounted for more than 60% of the total market revenue in 2020. The Asia Pacific luxury rigid boxes market is projected to grow at a CAGR of 5.2% during the forecast period (2021-2026). Asia Pacific is followed by North America and Europe. Together, these three regions are expected to account for more than 80% of the total market revenue by 2026. Asia Pacific is anticipated to remain the fastest growing region over the forecast period owing to the growing demand for luxury rigid packaging from cosmetics, fragrances, and jewelry industry in countries such as China, Japan, and India. Asia Pacific is followed by North America and Europe. Together, these three regions are expected to account for more than 80% of the total market revenue by 2026.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 3.6% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Robinson Plc, McLaren Packaging, DS Smith, PakFactory, Madovar Packaging, Burt Rigid Box, Inc., Holmen Group (Iggesund Paperboard), Elegant Packaging, Elite Marking Systems, Bigso Box Of Sweden, ACG Ecopack, JohnsByrne, Sunrise Packaging, Asia Korea Printing Inc., Bell Printers, Prime Line Packaging, Autajon, Npack ltd., Taylor Box Company |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 165 |
Customization Available | Yes, the report can be customized as per your needs |
What is the growth rate of Luxury Rigid Boxes Market?
The Luxury Rigid Boxes Market is growing at a CAGR of 3.6% over the next 5 years.
Who are the key players in Luxury Rigid Boxes Market?
Robinson Plc, McLaren Packaging, DS Smith, PakFactory, Madovar Packaging, Burt Rigid Box, Inc., Holmen Group (Iggesund Paperboard), Elegant Packaging, Elite Marking Systems, Bigso Box Of Sweden, ACG Ecopack, JohnsByrne, Sunrise Packaging, Asia Korea Printing Inc., Bell Printers, Prime Line Packaging, Autajon, Npack ltd., Taylor Box Company
What are the significant types of Luxury Rigid Boxes Market?
Metals, Plastics, Paper & Paper Board, Wood
What are the major end-use applications of Luxury Rigid Boxes Market?
Fashion Accessories & Apparels, Food & Beverages, Consumer Goods, Consumer Electronics, Others
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