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Luxury Packaging Market Trends

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

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Luxury Packaging Market Trends

The latest trend in the luxury packaging industry is the integration of innovative NFC solutions that emphasize sustainability and digital engagement. Brands are increasingly adopting eco-friendly, plastic-free NFC tags and smart packaging to enhance product authentication and traceability. This shift reflects a growing consumer demand for luxurious yet responsible packaging solutions, balancing premium aesthetics with environmental considerations. By incorporating technology into packaging design, companies aim to create a more interactive and informative experience for consumers, further elevating brand value and consumer trust in the luxury sector?.

For instance, in January 2024, TOPPAN Digital showcased innovative NFC solutions for luxury packaging at Paris Packaging Week. Highlighting the theme “Fusing Digital & Ecological,” the company presented eco-friendly, plastic-free NFC tags and smart packages designed for the cosmetics industry, emphasizing authentication, traceability, and sustainability in packaging design.

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.