Global Luxury Rigid Boxes Market – Industry Trends and Forecast to 2029

Market Analysis and Size

Luxury rigid boxes are mainly used for packaging of consumer goods such as luxury cosmetics, pens, watches, electronic accessories, confectionery foods, etc. The companies have invested significantly and enhancing their production capacity of luxury rigid boxes. Revolutionary boom in mobile phones and their accessories have encouraged several small and local manufacturers to enter in luxury rigid box market. The global market for confectionery, sweets, and other food products are the major sector which are expected to witness the growth of the market. Visual material properties and quality of luxury rigid boxes increase the preference of consumers toward luxury rigid boxes.

Data Bridge Market Research analyses that the luxury rigid boxes market was valued at USD 4.85 billion in 2021 and is expected to reach USD 6.12 billion by 2029, registering a CAGR of 2.95% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.     

Report Scope and Market Segmentation

Market Definition

Luxury rigid boxes packaging is a type of packaging box which are rectangular in shape. Rigid Boxes features a tray and a lid that is made from cardboard. The packaging of a luxury product is part of the brand’s image and consumers are always ready to spend more on these luxury rigid boxes. This packaging looks luxurious and appealing as well as adding the value to the product,

Luxury Rigid Boxes Market Dynamics

Drivers

• Rising demand for the Presentation and Display

Luxury brands mainly prefer rigid boxes because they used as display pieces. The brand will display their jewelry, cosmetic products, electronic device or other products in rigid boxes with the lid next to the product face-down to display the box branded logo and design. Several rigid boxes can have numerous textured which include cushioned, or even use glass type material to reflect the product. The rising demand in various industries for the presentation and display of the product are expected to drive the luxury rigid boxes market growth rate.

• Use to Protect Retail Products

Luxury rigid boxes also help to enhance the consumers experience with the product, it protects the retail merchandise from harm and damages. Luxury rigid boxes are very well made and can be designed with custom features such as the padded in a snug fit enclosure to further protect the products. The rigid box walls are constructed using high-quality, strong materials with a secure-fitting lid that comes in many functional options.

Opportunities

• Growing demand for the packaging of food products

The sweets and others confectionary are expected to witness growth in the market which has directly impacted on the growth of the luxury rigid boxes market. The food products packaging, such as doughnut, cookies, cakes and especially, the chocolates which has packed in luxury rigid boxes are expected to create the beneficial opportunities for the growth of the market.

Also, the introduction of e-commerce and retail shops directly influences the demand and sales for luxurious rigid boxes market. The upward trend in industries such as accessories, perfumes, food, and many other is grasping the attention over the luxury rigid boxes, thus creating healthy growth opportunities for the luxury rigid boxes market.

Restraints/ Challenges

The luxury rigid boxes market has been rising immensely in the global market but some factors restrain the market such as high initial capital investment and many substitute channels from where a consumer can buy the product with affordable price will hamper the growth of the luxury packaging market. Also, the use of bulky and heavy-weight packaging also hinders the growth of the luxury rigid boxes market globally.

This luxury rigid boxes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the luxury rigid boxes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Luxury Rigid Boxes Market

The outbreak of covid-19 has a negative effect on textile and fashion industries. However, these industries are considered largely affected by the outbreak. The large number of Garment exporters and Manufacturers companies in get affected for the order cancellation. It is projected that more than a billion garment employees are out of job during this pandemic. This has disrupted the supply chain of the products with other parts of the globe. However, the businesses have now changed their manufacturing line to protective gear to fight against the pandemic.

Recent Development

• In February 2020, Madovar Packaging Inc. had launched custom gear gift boxes for the Antoniella apparel company. Besides, this company also focus on collaborations to remain afloat in the market.

Global Luxury Rigid Boxes Market Scope

The luxury rigid boxes market is segmented on the basis of material, packaging type, closure type, insert type and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material

• Fabric
• Metal
• Wood
• Plastic
• Paper
• Paperboard

Packaging Type

• Hinge Lid Box
• Collapsible Box
• Rigid Sleeve Box
• Shoulder Neck Box
• Two Piece Box
• Telescopic Box
• Others

Design

• Round and Oval Luxury Rigid Box
• Square Shaped Luxury Rigid Box
• Other Shaped Luxury Rigid Box

 Closure Type

• Magnetic Closure
• Ribbon Tie
• Mechanical Lock
• Frictional Seal

 Insert Type

• With Insert
• Without Insert

 End User

• Fashion Accessories and Apparels
• Food and Beverages, Consumer Goods
• Perfumes
• Consumer Electronics

Luxury Rigid Boxes Market Regional Analysis/Insights

The luxury rigid boxes market is analysed and market size insights and trends are provided by country, products material, packaging type, closure type, insert type and end-user as referenced above.

The countries covered in the luxury rigid boxes market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.

Asia-Pacific dominates the luxury rigid boxes market in terms of market share during the forecast period. This is due to the growing demand for luxury rigid boxes in this region. The Asia-Pacific region dominates the luxury rigid boxes market due to the expansion of food and beverage industries in this region.

During the estimated period, North America is projected to be the fastest developing region due to the rising demand for processed food.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Luxury Rigid Boxes Market Share Analysis

The luxury rigid boxes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to luxury rigid boxes market.

Some of the major players operating in the luxury rigid boxes market are:

• Amcor Plc (Australia)
• H.H. Deluxe Packaging (U.K.)
• Ekol Ofset (Turkey)
• DS Smith (U.K.)
• Pendragon Presentation Packaging Ltd (U.K.)
• M.W. Creative Ltd (U.K.)
• Winter and Company AG (Switzerland)
• Lucas Luxury Packaging (Ireland)
• CLP Packaging Solutions Inc. (U.S.)
• PRESTIGE PACKING INDUSTRY (UAE)
• Crown Equipment Corporation (U.S.)
• GPA Global (China)
• Pendragon Presentation Packaging Ltd (U.K.)
• Ardagh Group S.A (Luxembourg)
• Design Packaging, Inc. (U.S.)
• Elegant Packaging (India)
• McLaren Packaging Ltd, (U.K.)
• Progress Packaging Ltd (U.K.)

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