Demand for Bespoke Packaging to Expand 1.8X during 2019 - 29
Packaging goes a significant way in determining success and failure of new products. In recent years, as the distinction between mass-market and luxury products is becoming blurred, numerous brands are turning to innovative strategies such as luxury packaging to attract more customers to their high-end products. Moreover, luxury brands are known to keep up a premium quality of materials used – including packaging, which has significantly contributed to growth of the bespoke packaging market. As per Future Market Insights’ analysis, worldwide adoption of bespoke packaging is expected to be valued at US$ 21 Bn by 2029, up from US$ 12 Bn in 2019.
Frequently asked questions about global bespoke packaging market
What is the global status of the bespoke packaging market?
The global bespoke packaging market is estimated to register a substantial CAGR during the forecast period of 2019-2029. The bespoke packaging market is expected to grow 1.8x its current market value by 2029.
What are the key factors shaping the dynamics of the bespoke packaging market?
Growing demand for personalized and sustainable packaging from the e-Commerce and food industries are expected to be a key driver shaping the growth of the bespoke packaging market. Moreover, the ongoing premiumization trend in packaging of apparels is anticipated to offer lucrative opportunities to players in the bespoke packaging market in the foreseeable future.
Which end-use industry is expected to the most lucrative?
As per FMI research, the fashion accessories & apparels industry is expected to be a highly attractive end user for players in the bespoke packaging market during the forecast period of 2019-2029, followed by consumer goods & durables, and personal care & cosmetics industries.
Which countries offer substantial growth opportunities for players in the bespoke packaging market?
The U.S., China, Italy, France, and Japan are estimated to be leading countries in the bespoke packaging market, while Germany, China, and Switzerland are expected to register impressive growth during 2019-2029.
Which region is expected to generate the highest sales in the bespoke packaging market?
Europe is expected to be the most prominent region in the bespoke packaging market, and is projected to generate highest sales during the forecast period of 2019-2028. This is attributable to the growing demand for premium packaging from fashion, apparels, electronics, and cosmetics industries in this region.
What is the degree of competition in the bespoke packaging market?
Global bespoke packaging market is fragmented. Regional companies are also involved in the bespoke packaging market and have the potential to offer customization options. Top 10 players with advanced designing and technology resources are anticipated to lead the bespoke packaging market, some of which include WestRock Company, DS Smith Plc, KOLBUS GmbH & Co. KG, McLaren Packaging Limited, and Burt Rigid Box Inc.
Boxes & Cartons Mainstay for Bespoke Packaging, Bottles Close in
Boxes & cartons account for more than one-third of the global market value, owing to rapid increase in demand for luxury footwear and products for kids. However, bespoke packaging is no longer ‘just a box’ and change is coming thick and fast in line with growing number of affluent consumers across the globe. Bottles with personalized labels or individualized message, for both alcoholic and non-alcoholic beverages packaging, are being offered by companies to create more personal connection with their consumers. These factors played a significant role in Coca Cola’s Share a Coke campaign replacing its logo on bottle labels with common individual forenames.
Europe Remains in the Vanguard
Europe continues to offer greater opportunities, due to companies dealing in products such as confectioneries, personal care & cosmetics, and even tobacco are venturing into the luxury markets. In order to retain and attract a large segment of consumers, numerous brands in the region are focusing on offering products positioned on an ‘everyday luxury’ platform, and bespoke packaging is seen as a way to achieve such objective. Market consolidation in East Asia will further remain a key to gaining a competitive edge, on the account of increased adoption of urban lifestyle and spending on luxury goods.
* This data is only a representation. Actual data may vary and will be available in report.
High-end vs Sustainable: Market Players Prioritize Winning at Both
Currently, the challenge in the bespoke packaging market is to maintain its high-end appeal whilst becoming sustainable. Today, mounting concerns over the ubiquity of plastic within the industry along with consumers’ willingness to pay more for environment friendly products are influencing market players to be active in innovating new products, particularly from sustainable perspective. Consumer-focused packaging within e-commerce as well as brick-and-mortar business are further likely to bring monumental changes in the bespoke packaging space. Simultaneously, with technological advances in digital printing, sensors, and Internet of things (IoT), the market is expected to reach new heights, allowing products to be tracked, secured, and monitored.
Boxes & cartons to account for 36% revenue share
Demand for bottles to gather pace
Paper & paperboard remain material of choice
Surging adoption of glass
High demand from fashion accessories & apparels sector
Application in personal care & cosmetics increases rapidly
How Growth will Unfold
In recent times, significant rise in popularity of flexible packaging paper is weighing on a same scale as growing adoption of paper & paperboard for bespoke packaging. As bespoke packaging worth around US$ 5 Bn sold in 2019 were made of paper & paperboard, manufacturers have specifically focused in this category. In order to stay ahead of the curve, market players are also focusing on capitalizing on other materials such as glass for beverages and textile for fashion accessories & apparels sectors.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Bespoke Packaging Market Analysis 2019 - 2029
A recent market report published by Future Market Insights on the bespoke packaging market includes global industry analysis for 2014-2018 and opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on historic as well as current growth parameters, growth prospects of the market are obtained with maximum precision.
Bespoke Packaging Market Taxonomy
The global bespoke packaging market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
- Mailers & Envelopes
- Boxes & Cartons
- Bags & Totes
- Others (Composite Cans, Wraps, & Others)
- Paper & Paperboard
- Fashion Accessories & Apparels
- Consumer Goods & Durables
- Personal Care & Cosmetics
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
The report begins with an executive summary of the bespoke packaging market, which includes key findings and statistical analysis of the market. It also includes analysis & recommendations and opportunity analysis pertaining to the bespoke packaging market.
Readers can find definition and detailed taxonomy of the bespoke packaging market in this chapter, which will help them understand basic information about the market. It also highlights inclusions and exclusions to help readers understand the scope of this market report.
This chapter explains the technological developments taken place in global bespoke packaging industry. The detailed analysis of IoT and e-Commerce penetration by bespoke packaging market players is provided with in-depth profiling of leading software based bespoke packaging suppliers.
The section provides the demand for bespoke packaging in value (US$ Mn) and volume (tonnes) in the global bespoke packaging market for the historic period (2014-2018) and forecast for 2019-2029.
The manufacturer-level weighted average pricing by product type is analyzed in this section. The regional market share, segmental market share, and pricing by each region is considered in this section.
This chapter explains the outlook of the parent market, and forecast factors that are expected to influence growth of the bespoke packaging market during the forecast period. Moreover, with macroeconomic factors, this section also highlights the growth rate projection and forecast factors and their impact on the bespoke packaging market. This chapter provides key market dynamics, including drivers and restraints, and opportunity assessment. This chapter will also help readers understand the value chain analysis of the bespoke packaging market.
This chapter provides details about the bespoke packaging market based on product, such as mailers & envelopes, boxes & cartons, bags & totes, pouches, bottles, and others (composite cans, wraps, & others). In this chapter, readers can understand market attractiveness analysis of bespoke packaging based on product type.
Based on material, the bespoke packaging market has been segmented into paper & paperboard, glass, plastic, metal, textile, leather, and wood. In this chapter, readers can find information about key trends, market share, and market attractiveness analysis based on material in the global bespoke packaging market.
This chapter provides details about the bespoke packaging market based on end use industry such as fashion accessories & apparels, food, beverages, consumer goods & durables, personal care & cosmetics, and others. In this chapter, readers can understand market attractiveness analysis of bespoke packaging based on end user industry.
This chapter explains how the bespoke packaging market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa (MEA).
This chapter includes a detailed analysis of the growth of the North American bespoke packaging market, along with country-wise assessment that includes the U.S. and Canada. Readers will also find some key points on the basis of estimated market size and consumption of bespoke packaging in the region.
This chapter provides the growth scenario of the bespoke packaging market in countries such as Brazil, Mexico, Argentina, and the Rest of Latin America. Along with this, assessment of the market across target segments and market attractiveness analysis have also been provided.
Important growth prospects of the bespoke packaging market in several countries in Europe, such as Germany, Italy, France, the United Kingdom, Spain, BENELUX, Nordic countries, Russia, Switzerland, and the Rest of Europe, along with target segments are included in this chapter.
This chapter highlights the growth of the bespoke packaging market in East Asia by focusing on China, Japan, and South Korea. The section also highlights data points regarding growth of the bespoke packaging market in East Asia.
India, Thailand, Indonesia, Malaysia, and the Rest of South Asia are leading countries in the South Asia region that are prime subjects of assessment to obtain growth prospects of the South Asia bespoke packaging market in this chapter. Readers can find detailed information about growth parameters of the South Asia bespoke packaging market during the forecast period of 2019-2029.
This chapter provides information about how the bespoke packaging market is expected to grow in major countries in the MEA region such as the GCC Countries, North Africa, South Africa, and the Rest of MEA during the forecast period.
In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain growth prospects of the Oceania bespoke packaging market.
This chapter highlights growth of the bespoke packaging market in emerging countries by focusing on India and China. The section also highlights data points regarding growth of the bespoke packaging market in emerging countries.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the bespoke packaging market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of prominent stakeholders in the bespoke packaging market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Market players featured in the report are Burt Rigid Box Inc., Diamond Packaging Corporation, DS Smith Plc, Gatto Astucci Spa, GPA Luxury, GWP Group Ltd., K-1 Packaging Group, KOLBUS GmbH & Co. KG, Lil Packaging Limited, Mayr-Melnhof Karton AG, McLaren Packaging Limited, Pollard Boxes Ltd., Quadpack Industries, Robinson Plc, Saxon Packaging, Solutia Italia Srl, Stevenage Packaging Limited, Sunrise Packaging Inc., To Be Packing Srl, and WestRock Company.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the bespoke packaging market report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, and important qualitative and quantitative information about the bespoke packaging market report.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Raw Material Suppliers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Yesteryear Trends
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity of Assumptions
- Industry Associations
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits
Bespoke Packaging Market Reports - Table of Contents
1. Executive Summary
19. Market Structure Analysis
21. Assumptions and Acronyms Used
22. Research Methodology