Global Bespoke Packaging Market, By Product (Mailers and Envelopes, Boxes and Cartons, Bags and Totes, Pouches, Bottles, Others), Material (Paper and Paperboard, Glass, Plastic, Metal, Textile, Leather, Wood), End-Use Industry (Fashion Accessories and Apparels, Food, Beverages, Consumer Goods and Durables, Personal Care and Cosmetics, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Bespoke packaging has gained increased globally due to the high aesthetic appeal compared to other packaging styles. In addition to this, the manufacturers of bespoke packaging in the various areas anticipate that by 2022, 4 out of every 10 bespoke packaging items sold worldwide will be composed of paper and paperboard. Moreover, as the average customers' disposable incomes have improved in recent years, the market for luxury cosmetics has experienced rapid growth, which positively impacts the worldwide bespoke packaging market.
Global bespoke packaging market was valued at USD 12.71 billion in 2021 and is expected to reach USD 21.19 billion by 2029, registering a CAGR of 6.6% during the forecast period of 2022-2029. 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
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Mailers and Envelopes, Boxes and Cartons, Bags and Totes, Pouches, Bottles, Others), Material (Paper and Paperboard, Glass, Plastic, Metal, Textile, Leather, Wood), End-Use Industry (Fashion Accessories and Apparels, Food, Beverages, Consumer Goods and Durables, Personal Care and Cosmetics, Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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Ascend Performance Material (U.S.), 3M (U.S.), Hellermann Tyton (U.K.), ABB Installation Products Inc. (U.S.), Changhong Plastics Group Imperial Plastics Co.,Ltd. (China), HellermannTyton (U.K), YUEQING HUADA PLASTIC CO., LTD., (China), AVERY DENNISON CORPORATION (U.S), Quad/Graphics Inc. (U.S.), Cenveo Worldwide Limited (U.S.), Mondi (South Africa), AVERY DENNISON CORPORATION (U.S.), Meadows Publishing Solutions (U.S), Shiseido Company, Limited. (Japan)., Quadpack (Spain), Silgan Holding Inc. (U.S.), APACKS (Thailand), syntegon (Germany), Marchesini Group S.P.A. (Italy), Berry Global Inc. (U.S.), Zhejiang Rigao Machinery Corp., Ltd. (China) and Amcor Ltd. (Switzerland)
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Market Opportunities
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Market Definition
Bespoke packaging is a unique style of packaging that is opulent and specific to one brand. It is the finest technique to display a high-quality goods, its brand, and increase the appeal of a product. Bespoke is defined as being made specifically for a person or an objective. A product's packaging safeguards the contents, keeps it secure during transport, and guards against damage.
Bespoke packaging Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increased requirement of bespoke packaging
The prevalence of premium packaging of apparel, rising adoption of paper and paperboard packaging as well as high quality raw material, rising number of applications in various industries such as aerospace, cosmetics, military, defense and among others, increasing demand of the bespoke packaging due to UV stability, anti-static and flame resistance properties which will likely to enhance the growth of the bespoke packaging market in the forecast period.
Furthermore, the prevalence of various manufacturing companies will further propel the bespoke packaging market growth rate. These increased disposable incomes of average consumers will drive market value growth. The utilization of these packaging across the industries is another market growth determinant. Rising e-commerce and food industry need for individualized and eco-friendly packaging. As transportation efficiency improves and supply chain efficiency boosts retail sustainability, rising demand from the e-commerce sector drives market expansion.
Opportunities
- Innovations and advancements
The growing number of design innovations extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the technological advancement in printing will further expand the future growth of the bespoke packaging market.
Restraints/Challenges
- High cost
The high price of product for low income group people will create hindrances for the growth of the bespoke packaging market.
- Low awareness
Also, the dearth of awareness among the people in developing economies will further prove to be a demerit for the bespoke packaging market. Therefore, this will challenge the bespoke packaging market growth rate.
This bespoke packaging 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 bespoke packaging 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 Bespoke Packaging Market
The recent outbreak of coronavirus had a significant influence on the bespoke packaging market as the global market for luxury goods saw negative growth during the covid-19 epidemic. This is due to the lockdown imposed by regulatory authorities to stop the further transmission of the virus among people. Also due to the closure of stores that sold luxury items, the global market for bespoke packaging also experienced negative growth.
However, as online shopping reached an all-time high during the pandemic period, online retailers and e-commerce enterprises saw a huge increase in demand for customized packaging. The need for custom packaging is anticipated to increase globally when the epidemic is over during the entire period of the prediction.
Recent Development
- In February 2020, The UK-based packaging company DS Smith plc's Plastics Division has been acquired by Liqui Box Corporation, a US-based developer of high-quality flexible packaging solutions. Both flexible and rigid packaging companies are part of the acquired Plastics Division. Liqui Box Corporation will be able to expand its presence in the UK and diversify its product line as a result of this acquisition.
Global Bespoke Packaging Market Scope
The bespoke packaging market is segmented on the basis of product, material, and end-use industry. 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.
Product
- Mailers and Envelopes
- Boxes and Cartons
- Bags and Totes
- Pouches
- Bottles
- Others
Material
- Paper and Paperboard
- Glass
- Plastic
- Metal
- Textile
- Leather
- Wood
End-Use Industry
- Fashion Accessories and Apparels
- Food
- Beverages
- Consumer Goods and Durables
- Personal Care and Cosmetics
- Others
Bespoke Packaging Market Regional Analysis/Insights
The bespoke packaging market is analyzed and market size insights and trends are provided by country, product, material, and end-use industry as referenced above.
The countries covered in the bespoke packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the bespoke packaging market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the rising demand of the product for premium packaging of apparel, cosmetics, electronics and other industries within the region.
Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the favorable government policies as well as the rising applications from various end-use industries in the region.
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 Bespoke Packaging Market Share Analysis
The bespoke packaging 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 bespoke packaging market.
Some of the major players operating in the bespoke packaging market are
- Ascend Performance Material (U.S.)
- 3M (U.S.)
- Hellermann Tyton (U.K.)
- ABB Installation Products Inc. (U.S.)
- Changhong Plastics Group Imperial Plastics Co.,Ltd. (China)
- HellermannTyton (U.K)
- YUEQING HUADA PLASTIC CO., LTD., (China)
- AVERY DENNISON CORPORATION (U.S)
- Quad/Graphics Inc. (U.S.)
- Cenveo Worldwide Limited (U.S.)
- Mondi (South Africa)
- AVERY DENNISON CORPORATION (U.S.)
- Meadows Publishing Solutions (U.S)
- Shiseido Company, Limited. (Japan)
- Quadpack (Spain)
- Silgan Holding Inc. (U.S.)
- APACKS (Thailand)
- syntegon (Germany)
- Marchesini Group S.P.A. (Italy)
- Berry Global Inc. (U.S.)
- Zhejiang Rigao Machinery Corp., Ltd. (China)
- Amcor Ltd. (Switzerland)
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