2019 to 2023 Global Eyewear Packaging Sales Analysis Compared to Demand Forecast for 2024 to 2034

The global eyewear packaging industry was valued at USD 231.1 million in 2019. It grew at a CAGR of 1.7% during the historical period to reach a size of USD 247.3 million in 2023.

The market, since the recent past, has been witnessing some serious ups and downs. During the first wave of the pandemic, it faced significant challenges. Lockdowns meant local eyewear suppliers to shut down their stores. This reduced the foot traffic drastically, which affected the market adversely.

Attributes Description
Projected Global Catalase Industry Value (2023F) USD 247.3 million
Estimated Global Catalase Industry Size (2024E)  USD 252.4 million
Value-based CAGR (2025 to 2035) 1.7%

A significant number of consumers also postponed eye exams and eyewear purchases. This, too, caused a sharp decline in sales across the industry.

Brands due to this, had to quickly shift to e-commerce platforms. They improved their online presence so as to attract more consumers during the pandemic. Virtual consultations also gained popularity as consumers sought alternatives. These factors helped the market sustain even in the difficult times of the pandemic.

By the coming of the second wave, the market began to recover. As governments eased the restrictions, consumers returned to stores cautiously. Demand for prescription eyewear surged due to delayed appointments. This led to an increase in the demand for eyewear packaging solutions, especially in developing economies.

Lockdowns also forced people to work from their homes and look for indoor ways to entertain themselves. This drove interest in blue-light glasses. Brands, too, capitalized on these trends by launching new products, which again supported market growth. With supply chains getting better, things finally began to look good for the market.

By 2023, the market experienced strong growth. Vaccination rollouts encouraged consumers to resume normal activities. Many people prioritized eye care after neglecting it during lockdowns. The eyewear packaging market, finally, benefited from this renewed focus on eye health.

Market Concentration

Tier one companies, such as Kling GmbH, Honeywell International Inc., etc., do bring an innovative spirit to the market. These companies leverage their enormous financial resources to introduce new designs, machinery, or solutions to the international marketplace. They also sometimes take over companies in the lower tier to take advantage of their already established supply chains.

Meanwhile, companies in the second tier generally operate on a regional level. Their consumers are mainly from the country in which they are situated.

This limited consumer base allows them to provide fast and affordable packaging services. These businesses largely depend on the innovations of well-established ones for product innovations.

Companies in tier three serve locally. They are confined to a specific region and have a restricted market reach. Their main selling point is affordable packaging solutions. To retain their clientele, these companies also offer after-sales services and are considered to be the backbone for small eyewear companies in the underdeveloped parts of the world.

Country-wise Insights

The below section provides companies with an overview of the industry. It comprises a detailed analysis of the emerging trends and opportunities on a country-by-country basis. This country-specific examination of the industry dynamics is estimated to help businesses understand the industry's complex nature.

India is estimated to spearhead the country-wise growth in the industry during the forecast period with a CAGR of 5.1%. China, Japan, and the United States are projected to follow behind India with anticipated CAGRs of 4.3%, 3.0%, and 2.8%, respectively.

Countries CAGR 2024 to 2034
India 5.1%
China 4.3%
Japan 3.0%
Germany 2.2%
The United States 2.8%

Innovative Packaging Designs Leads to Market Expansion in India

India is predicted to lead the eyewear packaging market over the assessment period with a CAGR of 5.1%

The increasing use of social media and short video platforms has brought significant changes in the way people see eyewear. Influencers, with millions of virtual followers, have started incorporating eyewear in their outfits as an essential accessory. This has not only helped them gain popularity but also created enormous opportunities for players in the eyewear packaging market.

Brands are capitalizing on these opportunities by bringing innovative and eye-catching packaging designs to the forefront. They are also focusing on aesthetics that resonate with social media trends. These strategies are not only enhancing brand visibility but also driving sales in the country.

China’s Aging Population and Preference for Eco-friendly Eyewear Packaging to Fuel Demand

The eyewear packaging market in China is estimated to grow at a CAGR of 4.3% from 2024 to 2034.

China is home to one of the largest geriatric populations in the world. This makes it a profitable ground for eyewear as this demographic is highly susceptible to problems related to vision. With the increasing incidences of myopia in the younger population, this demand has reached unprecedented levels.

Brands in the China’s eyewear packaging industry are, thus, coming up with packaging solutions that are efficient and tailored to meet the needs of these diverse consumer groups.

They are also opting for eco-friendly materials to attract environmentally aware consumers. This shift not only meets consumer demand but also positions China as one of the leading countries in this market.

Increasing Myopia Prevalence Benefits in the United States to Fuel Eyewear Demand

The United States eyewear packaging market is anticipated to grow at a CAGR of 2.8% during the forecast period. Nearly 30% of people in the United States are diagnosed with myopia. This number indicates that the demand for eyewear in the country is significantly high.

Responding to this, brands are introducing innovative lens technologies and fashionable designs.

The emphasis on personalization allows consumers to choose eyewear that suits their unique styles. As brands focus on attracting attention, packaging must reflect their innovative offerings.

All these factors have collectively made eyewear packaging an essential component of the overall consumer experience, which is why the industry is very likely to flourish in the coming years in the country.

Category-wise Insights

The section offers companies with insightful data and analysis of the two leading segments. Segmentation of these categories is predicted to help organizations understand the dynamics of the industry and invest in beneficial zones.

Businesses are Preferring Plastic for Eyewear Packaging despite Environmental Concerns

The primary materials used in eyewear packaging include paper, kraft paper, cardboard, plastic, leather, and other materials. Among these, the plastic segment holds a majority share of 48%, as of 2024.

Segment Plastic (Material)
Value Share (2024) 48%

Businesses in the industry are opting for plastic to package eyewear products as they are often cheaper to produce than other materials. This also helps brands keep manufacturing costs low. Also, when compared with paper and Kraft, plastic is lightweight and resistant to damage.

The demand for packaging solutions involving plastic is also touching the skies as it can be molded into various shapes and sizes, allowing for creative and functional designs. This versatility enables brands to create unique packaging that stands out on shelves and online.

Bespoke Boxes to Remain the Most Preferred Design in Eyewear Packaging

In terms of design, the market features various options such as EVA cases, round boxes, bespoke boxes, slide open boxes, and other innovative designs. Among these, bespoke boxes hold a majority share of 36%, as of 2024.

Segment Bespoke Boxes (Design)
Value Share (2024) 36%

Custom packaging is becoming more popular these days due to several reasons. Firstly, it reinforces brand identity and storytelling. Brands can incorporate their logo, colors, and design elements that resonate with their target audience. This helps create a memorable experience that fosters brand loyalty.

Also, these boxes often allows for the use of sustainable materials, appealing to eco-conscious buyers. Brands that prioritize sustainability in their packaging can differentiate themselves in a competitive market.

Competition Outlook

The eyewear packaging market is very competitive, where international players have dominated the market for the past few decades. These players have sustained excellent quality across the years, which have resulted in a loyal consumer base.

There are various innovations now and then in terms of materials and designs. Other than that, sustainability trends and customization are what influencing the competition in this market.

Some of the prominent companies in the market are Kling GmbH, Honeywell International Inc., and Packman Packaging Private Limited

Industry Updates

  • In June 2023, MCR Safety announced its commitment to eco-friendly packaging for eyewear. The company faced challenges in eliminating single-use plastics due to the protective needs of lens coatings. They opted for polybags made from 30% recycled material, aiming for sustainability while minimizing environmental impact.
  • On September 13, 2023, French investment firm Tikehau Capital acquired a 25% stake in Italian packaging company Brandart, known for supplying high-end brands in fashion and eyewear. Brandart, which reported €215 million in revenues in 2022, aims to enhance its sustainability efforts by using recycled materials and eco-design strategies.
  • On January 17, 2023, it was reported that Sunny Opotech, a subsidiary of China's Sunny Optical Technology, has signed an agreement with Apple to establish a USD 300 million factory in India. The exact location for the facility has yet to be determined, and the project is planned to roll out in phases, with completion expected by 2026.

Key Manufacturers in the Eyewear Packaging Market

  • Kling GmbH
  • Honeywell International Inc.
  • Marber S.r.l.
  • Packman Packaging Private Limited
  • Pyramex Safety Products, LLC
  • GATTO ASTUCCI SPA
  • Rongyu Packing
  • GIORGIO FEDON & FIGLI SpA
  • Umiya Plast
  • lsunny Co., Limited

Key Segments of Market Report

By Material:

The primary materials used in eyewear packaging include paper, kraft paper, cardboard, plastic, leather, and other materials.

By Design:

In terms of design, the market features various options such as EVA cases, round boxes, bespoke boxes, slide open boxes, and other innovative designs.

By Region:

The industry is spread across North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.

Table of Content

  • 1. Executive Summary
  • 2. Industry Introduction, including Taxonomy and Market Definition
  • 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
  • 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
  • 5. Pricing Analysis
  • 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
    • 6.1. Material
    • 6.2. Design
  • 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material
    • 7.1. Paper
    • 7.2. Kraft Paper
    • 7.3. Cardboard
    • 7.4. Plastic
    • 7.5. Leather
    • 7.6. Other Materials
  • 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Design
    • 8.1. EVA Cases
    • 8.2. Round Boxes
    • 8.3. Bespoke Boxes
    • 8.4. Slide Open Boxes
    • 8.5. Other Designs
  • 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
    • 9.1. North America
    • 9.2. Latin America
    • 9.3. Western Europe
    • 9.4. South Asia and Pacific
    • 9.5. East Asia
    • 9.6. Middle East and Africa
  • 10. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
  • 11. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
  • 12. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
  • 13. South Asia and Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
  • 14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
  • 15. Middle East and Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
  • 16. Sales Forecast 2024 to 2034 by Material and Design for 30 Countries
  • 17. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
  • 18. Company Profile
    • 18.1. Kling GmbH
    • 18.2. Honeywell International Inc.
    • 18.3. Marber S.r.l.
    • 18.4. Packman Packaging Private Limited
    • 18.5. Pyramex Safety Products, LLC
    • 18.6. GATTO ASTUCCI SPA
    • 18.7. Rongyu Packing
    • 18.8. GIORGIO FEDON & FIGLI SpA
    • 18.9. Umiya Plast
    • 18.10. Isunny Co., Limited

Frequently Asked Questions

What is the market size for eyewear packaging?

The market is estimated to reach USD 252.4 million in 2024.

What is the future of eyewear packaging?

The market is predicted to reach a size of USD 379.2 million by 2034.

Who are the key manufacturers?

Kling GmbH, Honeywell International Inc., and Packman Packaging Private Limited are few of the key manufactures in the market.

At what rate will the market grow from 2024 to 2034?

It is predicted to witness a CAGR of 4.2% during the forecast period.

Which country is estimated to dominate?

India is projected to dominate with a CAGR of 5.1% during the assessment period.

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