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Luxury Rigid Boxes Market Share, Growth, Opportunities 2031
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Luxury Rigid Boxes Market Share, Growth, Opportunities 2031

Segments - Luxury Rigid Boxes Market by Material (Metals, Paper & Paperboards, Plastics, and Fabrics), Packaging Type (Rigid Sleeve Box, Hinge Lid Box, and Collapsible Box), Closure Type (Mechanical Lock, Ribbon Tie, and Magnetic Closure), Insert Type (Without Insert, Foam Inserts, and With Insert), End-user Industry (Food & Beverages, Consumer Goods, and Fashion Accessories & Apparels), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Riddhesh Dani
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Fact-checked by : Harneet Meher
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Editor : Shruti Bhat

Upcoming | Report ID :MC-5150 | 4.6 Rating | 58 Reviews | 211 Pages | Format : PDF Excel PPT

Report Description


The global luxury rigid boxes market size was USD 4 Billion in 2022 and is likely to reach USD 6.42 Billion by 2031, expanding at a CAGR of 5.4% during 2023–2031. Rising demand for luxury packaging of goods and products for branding purposes is estimated to fuel the market in the coming years.

Every business wants to brand its products and services for acquisition of new customers and to win customer loyalty in the business. Luxury rigid boxes are elegant packaging solutions for businesses that want to increase brand recognition and win customer loyalty. These boxes are made of high-quality materials and exhibit a lasting impression on the receiver with customized branding.

Luxury Rigid Boxes Market Outlook

Luxury rigid boxes provide excellent protection for the items to be packed while adding a touch of royalty and luxury. Luxury rigid boxes have an aristocratic appearance and are highly durable. They can withstand rough handling or exposure to volatile weather during transportation and storage.

These boxes are used in packaging luxury items including luxury watches, pens, cosmetics, accessories, and exotic food items. They are made up of wood, fabric, metal, plastic, paperboard, and paper for presentable proportions.

Luxury rigid boxes are designed as per the requirements of the clients. These boxes represent the culture, character, and differentiated characteristics of the organization. Rising popularity of luxurious phones, tablets, automotive accessories, and pens boosts the demand for these boxes.

Luxury Rigid Boxes Market Dynamics

Global Luxury Rigid Boxes Market Dynamics

Drivers

Rising need for branding of goods for branding of products and winning customer loyalty is expected to drive the market. Branding of products is an important aspect of marketing products. Luxury rigid boxes provide effective branding for business owners.

Restraints

High capital investments and availability of multiple sales channels that offer competitive prices for consumers are likely to hinder the market.  The production of luxury rigid boxes requires high initial investment and a high cost of procurement for high-quality material.

Opportunities

Rising popularity of luxury items such as luxury phones, tablets, and pens creates significant opportunities in the market. Rise in the adoption of e-commerce services has increased consumer expectations. Moreover, companies are using multiple sales channels to allow customers to customize their box, while offering them with multiple discounts and boxes at competitive prices.   Thus creating opportunities in the market.

Scope of the Luxury Rigid Boxes Market Report

The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Luxury Rigid Boxes Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Material (Metals, Paper & Paperboards, Plastics, and Fabrics), Packaging Type (Rigid Sleeve Box, Hinge Lid Box, and Collapsible Box), Closure Type (Mechanical Lock, Ribbon Tie, and Magnetic Closure), Insert Type (Without Insert, Foam Inserts, and With Insert), and End-user Industry (Food & Beverages, Consumer Goods, and Fashion Accessories & Apparels)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast

Key Players Covered in the Report

Crown Equipment Corporation; Lucas Luxury Packaging; Pendragon Presentation Packaging Ltd; M.W. Creative LLC; McLaren Packaging Ltd; Ardagh Group S.A.; Winter and Company AG; and Progress Packaging Ltd.

Luxury Rigid Boxes Market Segment Insights

Based on material, the luxury rigid boxes market is divided into metals, paper & paperboards, plastics, and fabrics. The paper & paperboards segment is expected to expand at a significant pace during the projection period owing to rising consumer concerns about environmental sustainability and waste material management. Companies are focusing on sustainable smart packaging solutions through innovation and enhanced aesthetics. Paper & paperboard serve as biodegradable packaging materials for the production of luxury rigid boxes.

Global Luxury Rigid Boxes Market Material

On the basis of packaging type, the global market is segregated into rigid sleeve box, hinge lid box, and collapsible box. The hinge lid box segment is projected to register a considerable CAGR during the forecast period due to the convenience and utility offered by the hinge lid boxes during the packaging and handling of the products to be shipped or presented. The hinge lid boxes are preferred due to the easy handling of the luxury packaging.

In terms of closure type, the luxury rigid boxes market is segmented into mechanical lock, ribbon tie, and magnetic closure. The magnetic closure segment is expected to expand at a robust pace during the forecast period owing to the easy handling of magnetic closure type of packaging for customers. Magnetic closures are handled comfortably and thus, are an attractive proposition for companies to attract customers.

On the basis of insert type, the market is categorized as without insert, foam insert, and with insert. The foam insert segment is expected to expand at a high CAGR during the forecast period. Foam inserts hold the products within the box in place, allowing the customers to fill the boxes with delicate items made from glass or china, while making the products and the box look luxurious.

Based on end-user industry, the luxury rigid boxes market is segmented into food & beverages, consumer goods, and fashion accessories & apparels. The food & beverages segment is expected to expand at a robust growth rate during the forecast period owing to the rising trend of selling gourmet food & beverages in attractive packaging. Additionally, food & beverages are packed in luxury boxes during the festive season, and for special occasions, thus boosting the segment.

Global Luxury Rigid Boxes Market End User Industry

In terms of region, the global luxury rigid boxes market is fragmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the global market during the projection period due to innovative marketing techniques adopted by various goods and products providers in the region. Companies in North America attract customers by providing differentiated and best-in-class services to customers. Luxury rigid boxes serve as an ideal branding method for companies.

Global Luxury Rigid Boxes Market Region

Segments

The luxury rigid boxes market has been segmented on the basis of

Material

  • Metals
  • Paper & Paperboards
  • Plastics
  • Fabrics

Packaging Type

  • Rigid Sleeve Box
  • Hinge Lid Box
  • Collapsible Box

Closure Type

  • Mechanical Lock
  • Ribbon Tie
  • Magnetic Closure

Insert Type

  • Without Insert
  • Foam Inserts
  • With Insert

End-user Industry

  • Food & Beverages
  • Consumer Goods
  • Fashion Accessories & Apparels

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

Key players competing in the global luxury rigid boxes market are Crown Equipment Corporation; Lucas Luxury Packaging; Pendragon Presentation Packaging Ltd; M.W. Creative LLC; McLaren Packaging Ltd; Ardagh Group S.A.; Winter and Company AG; and Progress Packaging Ltd. These companies adopted development strategies such as R&D, mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to increase their consumer base worldwide. For instance,

  • In November 2022, Ardagh Group S.A. collaborated with B&B studio and Belvoir Farm to design glass bottles from recycled glass for a range of sophisticated and non-alcoholic botanical sodas. The bottles are intricately designed to protect the carbonated drink packed inside the bottles.

Global Luxury Rigid Boxes Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Luxury Rigid Boxes Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Luxury Rigid Boxes Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Luxury Rigid Boxes Market - Supply Chain
  4.5. Global Luxury Rigid Boxes Market Forecast
     4.5.1. Luxury Rigid Boxes Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Luxury Rigid Boxes Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Luxury Rigid Boxes Market Absolute $ Opportunity
5. Global Luxury Rigid Boxes Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Luxury Rigid Boxes Market Size and Volume Forecast by End Users
     5.3.1. Food & Beverages
     5.3.2. Consumer Goods
     5.3.3. Fashion Accessories & Apparels
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Luxury Rigid Boxes Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Luxury Rigid Boxes Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Luxury Rigid Boxes Demand Share Forecast, 2019-2026
7. North America Luxury Rigid Boxes Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Luxury Rigid Boxes Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Luxury Rigid Boxes Market Size and Volume Forecast by End Users
     7.4.1. Food & Beverages
     7.4.2. Consumer Goods
     7.4.3. Fashion Accessories & Apparels
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Luxury Rigid Boxes Demand Share Forecast, 2019-2026
8. Latin America Luxury Rigid Boxes Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Luxury Rigid Boxes Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Luxury Rigid Boxes Market Size and Volume Forecast by End Users
     8.4.1. Food & Beverages
     8.4.2. Consumer Goods
     8.4.3. Fashion Accessories & Apparels
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Luxury Rigid Boxes Demand Share Forecast, 2019-2026
9. Europe Luxury Rigid Boxes Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Luxury Rigid Boxes Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Luxury Rigid Boxes Market Size and Volume Forecast by End Users
     9.4.1. Food & Beverages
     9.4.2. Consumer Goods
     9.4.3. Fashion Accessories & Apparels
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Luxury Rigid Boxes Demand Share Forecast, 2019-2026
10. Asia Pacific Luxury Rigid Boxes Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Luxury Rigid Boxes Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Luxury Rigid Boxes Market Size and Volume Forecast by End Users
     10.4.1. Food & Beverages
     10.4.2. Consumer Goods
     10.4.3. Fashion Accessories & Apparels
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Luxury Rigid Boxes Demand Share Forecast, 2019-2026
11. Middle East & Africa Luxury Rigid Boxes Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Luxury Rigid Boxes Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Luxury Rigid Boxes Market Size and Volume Forecast by End Users
     11.4.1. Food & Beverages
     11.4.2. Consumer Goods
     11.4.3. Fashion Accessories & Apparels
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Luxury Rigid Boxes Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Luxury Rigid Boxes Market: Market Share Analysis
  12.2. Luxury Rigid Boxes Distributors and Customers
  12.3. Luxury Rigid Boxes Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Crown Equipment Corporation
     12.4.2. Lucas Luxury Packaging
     12.4.3. Pendragon Presentation Packaging Ltd
     12.4.4. M.W. Creative LLC
     12.4.5. McLaren Packaging Ltd.
     12.4.6. Ardagh Group S.A.
     12.4.7. Winter and Company AG
     12.4.8. Progress Packaging Ltd.

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