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Luxury Packaging Market Share

Report ID: GMI12158
Published Date: Nov 2024
Report Format: PDF

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Luxury Packaging Market Share

Competition in the luxury packaging industry is primarily driven by factors such as product differentiation, design innovation, sustainability, and quality. Brands compete by offering unique and visually appealing packaging solutions that enhance product presentation and align with luxury standards. Sustainability is becoming a critical factor, with companies investing in eco-friendly materials to meet consumer and regulatory demands. Additionally, price competitiveness, efficient distribution networks, and customization options are important, as brands seek to provide premium packaging while balancing cost efficiency and consumer expectations.

Luxury Packaging Market Companies

Major players operating in the luxury packaging industry are:

Amcor
Cosfibel Group
Crown Holdings
Delta Global
DS Smith
GPA Global
HH Deluxe Packaging
Hunter Luxury
IPL Packaging
Keenpac
Lucas Luxury Packaging
McLaren Packaging
Packhelp
PackMojo
Premier Packaging
Stoelzle Glass Group
Tinshine Tin Box
WestRock

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The global market size for luxury packaging was valued at USD 17.2 billion in 2023 and is projected to reach USD 25.8 billion by 2032, driven by a CAGR of 4.6% from 2024 to 2032.

The food and beverages segment is the fastest-growing, with a CAGR of over 5% from 2024 to 2032, driven by rising consumer demand for premium, artisanal, and gourmet products.

North America held over 30% of the global market share in 2023, driven by growing consumer demand for premium, visually appealing products.

Major players in the industry include Amcor, Cosfibel Group, Crown Holdings, Delta Global, DS Smith, GPA Global, HH Deluxe Packaging, Hunter Luxury, and IPL Packaging.