An Incisive, In-depth Analysis on the Luxury Rigid Boxes Market
This study offers a comprehensive, 360 degree analysis on the Luxury Rigid Boxes market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Luxury Rigid Boxes market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Luxury Rigid Boxes Outlook & Key Findings
- Luxury rigid boxes market is projected to reach over US$ 5.4 Bn by 2030, with two-piece luxury rigid boxes at the growth forefront
- Consumer goods and consumer electronics packaging to remain the leading end users with nearly 60% market share in the global luxury rigid boxes market by 2030
- As per material, paper and paperboard-based boxes to remain prominent in the global market, witnessing an incremental opportunity of US$ 572 Mn in the next five years
- Luxury rigid boxes with inserts are expected to hold prominent market share in 2020-2030 and expected to expand 1.5x of current market value in the next decade
- Luxury goods penetration in the consumer market is the fueling factor for growth of luxury rigid boxes market
Ready-to-Display and Zero Deformation Packaging Trends to Create Demand for Luxury Rigid Boxes
Gifting has played an important role in carving a niche for luxury rigid boxes that lend an unparalleled aesthetic value to the product. In recent years, emerging trend of gifting for various kinds of reasons has fueled the market for luxury rigid boxes. Using luxury rigid boxes for premiumization has been a strengthening trend amongst a score of established gifting companies and startups.
Windowed luxury rigid boxes, usually two piece, that allow a peek into perfectly crafted products inside it yet another compelling reason for their soaring sales. Sophisticated presentation and safe packaging of precious and delicate items with luxury rigid boxes has been winning the vendors in the market a steady clientele across various sectors.
Addition of Celebratory Days to Calendar Creates Stronger Demand for Gifting, Fueling Market Growth
The trend of marking days to celebrate awareness raising or specific occasions has been gaining wind. These days to commemorate and celebrate achievements and dedicate a day of gratitude around it have given the gifting companies across the globe to cater to the demands.
From chocolates packed in luxury boxes to expensive, luxury items, the demand for luxury rigid boxes has definitely spiked in recent years. While days such as Mother’s Day, Father’s Day, and Valentine’s Day were commonly seen as occasions to gift, the emerging pet industry is also seen indulging in designing and commercializing gifts for International Cat Day and Dog Day.
Demand for luxury rigid boxes is expected to be driven consumerism that is specifically driven by occasions to gift in additional to conventional ones, predicts FMI.
Lightweight and Aesthetic Appeal Makes a Strong Case for Luxury Rigid Boxes
Packaging industry is adopting luxury rigid boxes due to its properties such as light in weight and superior aesthetics. These boxes help in protecting luxury high-end products, while adding to their appeal.
The wide range of presentation possibilities offered by these boxes has made a sea change in branding processes as well. The high quality rotogravure print or flexo print designs to provide aesthetic, elegant, and attractive appearance in order to attract buyers has fuelled impulse purchasing remarkably over the past few years.
Versatility and high customizable properties of luxury rigid boxes packaging is expected to further drive its adoption in the near future.
Luxury rigid boxes are anticipated to gain significant traction in next decade as consumers are more likely to spend on personalized luxury gifts and cosmetics. These boxes represent brand image of the company, which will push companies to expand their budgets to invest in good quality boxes.
Sale of personal care items, cosmetics, jewelry, apparel, and other consumer goods are expected to directly impact the sale of luxury rigid boxes. As the trend is all-pervasive, this market will see prominent growth across all the regions.
In North America, consumers have a stronger preference for smart and connected luxury boxes. This includes boxes equipped with Near Field Communication Technology enabled (NFC) and RFID to prevent loss of product or counterfeiting.
Asia Pacific is the most lucrative market in terms of market share and incremental revenue opportunity. The key players are planning to expand their business in Asia Pacific as wedding planners across are expected offer lucrative opportunities. Furthermore, rise of gourmet baking and artisanal packaging of confectionery items is also projected to bode well for the market.
Europe is at the maturity stage of the market. However, with the increasing disposable income and expansion of tourism business, Europe market growth trend is expected to increase gradually till 2030.
Latin America and the Middle East & Africa are expected to present luxury rigid boxes market a positive outlook. This market is expected grow further owing to more sales through distribution networks such as online shops and retail stores. Personalization of luxury boxes has emerged as a key trend in Latin America, as attractive and elegant gifts are gaining attention.
Increasing Spending on Luxury Goods Boosts Demand for Luxury Packaging
Launch of new stores across developed and developing countries fuelling the consumption trends around luxury market are expected to complement market growth. Growing number of Millennials and Generation Z with high disposable incomes, reaching their spending peaks are setting trends with regards to shopping for luxury items.
From watches to clothes, bags and shoes, the demand for luxury items and suitable packaging is expected to create myriad opportunities in the market. Additionally, the growing sentiment of responsible shopping has shifted focus on eco-friendly packaging materials. Vendors, standalone startups, and individual artists are looking at recycled packaging materials used as ephemera art form, to lend an aesthetic value for developing luxury rigid boxes.
Today, luxury rigid boxes are being designed as individual art pieces in their own right to cater and create awareness amongst buyers about handmade artefacts.
Personalized Luxury Boxes for Confectionery Packaging Gains Special Attention
Confectioners and bakers have been opting for luxury boxes for artisanal packaging of products to establish brand value and maintain transparency about ingredients. Chocolate gifting luxury boxes with custom messages are a sustained trend in the market. Many confectionery shops and delivery services provide the option of printing personalized images or photos on luxury boxes to delight their customers.
The use of materials such as paper and paperboard, fiber, and metals more than plastic and wood have made this line of packaging in line with eco-friendly sentiment. Efforts to reduce the pressure off landfills and to make packaging a more responsible effort has also brought in fresh perspective in the made luxury rigid boxes market that are specifically used for confectionery items.
COVID-19 Impact on Luxury Rigid Boxes Market
The luxury rigid boxes market has also witnessed nearly 20% to 25% contraction at the global level in the year 2020 so far due to COVID-19. Prior to pandemic, the luxury rigid boxes market was expected to register peak Y-o-Y of 5.8% in 2020. However, due to this pandemic, the market is estimated to register only 3% Y-o-Y growth in 2020. Demand for luxury goods has dropped significantly as consumers are only spending on necessities.
Key players are facing numerous challenges as the supply chain is completely disrupted. Scarcity of raw material and unavailability of workforce are the major problems faced by the manufacturers. With no end in sight, some of the manufacturers switched to life essential products manufacturing such as mask and PPE kits.
Today, in China, India, and the United States the manufacturers are slowly resuming manufacturing activities with all precautions. In spite of this declining phase, e-commerce is anticipated to boost luxury rigid boxes market growth in 2021.
Luxury Rigid Boxes Market: Regional Analysis
Asia Pacific market is anticipated to hold more than 2/5th of the market share during the forecast period. However, with the expansion of food & beverage and consumer goods packaging industries, the Asia Pacific luxury rigid boxes market is expected to expand 1.6 times of current market value till 2030. Therefore, many key players are planning to expand their business in India, China, and Malaysia.
In Europe, the production of luxury rigid boxes is slightly reduced due to COVID-19. Therefore, in 2020-2021, the Europe market growth is expected to slow down compare to past year. However, post COVID 19 pandemic, expansion of travels and tourism business is expected to create significant revenue opportunities for luxury rigid boxes market in next decade.
In North America, beauty & personal care market drives the luxury boxes market. But, production activities of this region is also experiencing a declining phase due to corona pandemic. As per FMI, North America market is estimated to hold nearly 18% market share in 2020. The market is expected to decline by 70bps of current market share till 2030 end.
Latin America and Middle East and Africa are expected to grow with moderate CAGR during 2020–2030. Strong distribution network and increasing disposable income of the consumers is likely to expand the regional luxury rigid boxes market in near future.
Luxury Rigid Boxes Market: Competition Landscape
The luxury rigid boxes market is a fragmented and the top players account for 10% to 12% of the global production. Key players are emphasizing on expansion of business in the untapped regions to increase their global reach. Besides this, these players are also focused on expansion of product portfolio through innovations and product developments.
- In February 2020, Madovar Packaging Inc. has created custom apparel gift boxes for ‘Antoniella Apparel’, which is a luxury apparel brand, specializing in beautifully designed pocket squares and scarves
- In 2019, McLaren Packaging Ltd acquired Port Glasgow-based Moelle Interlok Packaging, a producer of solid board divisions and layer pads for the drinks, glasses, and electronics industries
- In 2019, Autajon, a Europe-based company, expanded its arm to the U.S. market for confectionary product packaging. With this, the compay had developed a partnership with Lindt & Sprüngli USA to mark their footprint in the U.S.
As per FMI analysis, following are the leading players of luxury rigid boxes market.
- Robinson Plc
- McLaren Packaging Ltd
- DS Smith Packaging Limited
- Madovar Packaging Inc.
- Burt Rigid Box, Inc.
- Holmen AB ADR (Iggesund Paperboard)
- Elegant Packaging
- Elite Marking Systems
- Design Packaging, Inc.
- Bigso Box Of Sweden
- ACG | Ecopack (Finn Industries, Inc.)
- Sunrise Packaging, Inc.
- Asia Korea Printing Inc.
- Bell Printers
- Prime Line Packaging
- Npack ltd.
- Taylor Box Company
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report
Luxury Rigid Boxes: The Way Forward
The luxury rigid boxes market is projected to register a peak Y-o-Y of 4% in 2025. The market is likely to have an upward trend in the next decade. Packaging industries such as consumer electronics, perfumes, food, and fashion accessories are using luxury boxes for grabbing more attention of the consumers and increase point-of-sale. Therefore, these industries are anticipated to create exponential growth opportunities for this market.
Furthermore, increasing number of e-commerce platforms, supermarkets, and retail shops are directly influencing sales of luxury boxes in many countries.
Global Luxury Rigid Boxes Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030
A recent market report published by Future Market Insights on the luxury rigid boxes market provides global industry analysis for 2015-2019 & forecast for 2020-2030. The report offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical, as well as current growth parameters of the luxury rigid boxes market, the growth prospects of the market are obtained with maximum precision.
The global luxury rigid boxes market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
By Packaging Type
By Closure Type
By Insert Type
By End Use
Chapter 01 – Executive Summary
The report begins with the executive summary of the luxury rigid boxes market, which includes a summary of the key findings and statistics of the market. It also includes dominant segments in the global luxury rigid boxes market, along with key facts about luxury rigid boxes. It also includes graphical representation of the segments according to market size and growth rate.
Chapter 02 – Market Overview
Readers can find detailed taxonomy and definition of the luxury rigid boxes market in this chapter, which will help them understand the basic information about luxury rigid boxes present in the market. This section also highlights the inclusions and exclusions, which help readers to understand the scope of the luxury rigid boxes market report.
Chapter 03 – Key Market Trends
This chapter includes recent developments and trends in the global luxury rigid boxes market such as product developments, merger and acquisitions by the key players, innovations, technology upgradation, and business expansion activities of the key players.
Chapter 04 – Key Success Factors
This chapter highlights the various parameters responsible for creating growth opportunities for luxury rigid boxes market across the world.
Chapter 05 - Global Luxury Rigid Boxes Market Demand Analysis 2015-2019 and Forecast, 2020-2030
This section explains the global market volume (Tons) analysis and forecast for the Luxury rigid boxes market between the forecast period of 2020-2030. It includes the detailed analysis of the historical luxury rigid boxes market, along with an opportunity analysis for the future. This section explains the global market value (US$ Mn) analysis and forecast for the luxury rigid boxes market. Readers can also find the Y-o-Y growth opportunity for the forecast period.
Chapter 06 – Pricing Analysis
This section highlights the average pricing analysis of packaging format used for manufacturing luxury rigid boxes in different regions across the globe. The weighted average pricing at the manufacturer-level is also analyzed in this section.
Chapter 07 - Global Luxury Rigid Boxes Market Value (US$ Mn) Analysis 2015 -2019 and Forecast, 2020 - 2030
This section explains the global market value analysis and forecast for the luxury rigid boxes market between the forecast period of 2020 - 2030. Readers can also find the absolute $ opportunity for the current year (2019 – 2020), and an incremental $ opportunity for the forecast period.
Chapter 08 - Market Background
This chapter explains the key macroeconomic and forecast factors that are expected to influence the growth of the luxury rigid boxes market over the forecast period. This chapter also highlights analysis of parent markets along with the key market dynamics of the luxury rigid boxes market, which include the drivers, restraints, opportunities and trends. The value chain analysis provided in the section helps readers to understand the flow of manufacturing of luxury rigid boxes. Furthermore, this chapter highlights the key market dynamics of the luxury rigid boxes market, which includes drivers and restraints.
Chapter 09 – Impact of COVID 2019
Readers can find impact of COVID-19 pandemic on packaging industry as well as other key markets. The impact of COVID 2019 is described with before COVID-19 situation, pessimistic scenario and optimistic scenario.
Chapter 10 – Global Luxury Rigid Boxes Market Analysis 2015-2019 and Forecast 2020-2030, By Packaging
As per packaging, the global luxury rigid boxes market analysis is segmented as hinge lid box, collapsible box, rigid sleeve box, shoulder neck box, two piece box, telescopic box, and others. The graphical representation includes market share analysis and market attractiveness analysis.
Chapter 11 - Global Luxury Rigid Boxes Market Analysis 2015-2019 and Forecast 2020-2030, By Closure Type
Readers can find global luxury rigid boxes market analysis based on closure type in this chapter. This chapter is segmented as magnetic closure, ribbon tie, mechanical lock, and frictional seal. This chapter includes the value (US$ Mn) and volume (Tons) analysis for historic 2015-2019 and forecast period 2020-2030.
Chapter 12 – Global Luxury Rigid Boxes Market Analysis 2015-2019 and Forecast 2020-2030, By Insert Type
Based on application of insert type, the global luxury rigid boxes market is segmented as with insert and without insert. This chapter highlights market value share analysis, incremental opportunity analysis and market attractiveness analysis as per the considered segments.
Chapter 13 – Global Luxury Rigid Boxes Market Analysis 2015-2019 and Forecast 2020-2030, By Material
The global luxury rigid boxes market is further analyzed on the basis of raw material which includes fabrics, metals, plastics, paper & paperboards, and wood. The graphical representation of market share and incremental opportunity along with the value and volume market trends.
Chapter 14 – Global Luxury Rigid Boxes Market Analysis 2015-2019 and Forecast 2020-2030, By End Use
This section provides demand and sales analysis for luxury rigid boxes in end use industries which includes fashion accessories & Apparels, food & beverage, consumer goods, perfumes, and consumer electronics.
Chapter 15 – Global Luxury Rigid Boxes Market Analysis 2015-2019 and Forecast 2020-2030, By Region
This chapter explains how the luxury rigid boxes market is expected to grow across various geographical regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa (MEA).
Chapter 16 – North America Luxury Rigid Boxes Market Analysis 2015-2019 and Forecast 2020-2030
This chapter includes a detailed analysis of growth of the North America luxury rigid boxes market, along with a country-wise assessment that includes the U.S. and Canada. Furthermore, demand of luxury rigid boxes as per the considered segments is also provided in the chapter during the forecast period. Market dynamics and its impact on the North America luxury rigid boxes market is provided
Chapter 17 – Latin America Luxury Rigid Boxes Market Analysis 2015-2019 and Forecast 2020-2030
Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America luxury rigid boxes Market. This chapter also includes the growth prospects of the luxury rigid boxes market in leading countries in Latin America such as Brazil, Mexico, Argentina, and the Rest of Latin America.
Chapter 18 – Europe Luxury Rigid Boxes Market Analysis 2015-2019 and Forecast 2020-2030
Important growth prospects of the luxury rigid boxes market based on the key segments in several countries such as Germany, the U.K., France, Spain, Italy, Russia, BENELUX, and the Rest of Europe, are included in this chapter. Graphical representation for market share, y-o-y growth trends and market attractiveness analysis is provided in the chapter along with the market dynamics.
Chapter 19 – Asia Pacific Luxury Rigid Boxes Market Analysis 2015-2019 and Forecast 2020-2030
China, India, Japan, Australia & New Zealand, ASEAN countries and Rest of Asia Pacific are the leading countries in the Asia Pacific region that are the prime subjects of assessment to obtain the growth prospects of the Asia Pacific luxury rigid boxes market in this chapter. Readers can find detailed information about the growth parameters of the Asia Pacific luxury rigid boxes market during the forecast period of 2020-2030.
Chapter 20 – Middle East and Africa Luxury Rigid Boxes Market Analysis 2015-2019 and Forecast 2020-2030
This chapter provides information about how the luxury rigid boxes market will grow in major countries in the MEA region such as GCC Countries, South Africa, Northern Africa, and the Rest of MEA during the forecast period 2020 - 2030.
Chapter 21 – Market Structure Analysis
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the luxury rigid boxes market along with competitive dashboard. This section also provides regional and product footprints of the key players.
Chapter 22 – Competition Analysis
In this chapter, readers will find key players market presence analysis by region. Furthermore, this section includes a comprehensive list of all leading manufacturers in the luxury rigid boxes market, along with detailed information about each company, including company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Robinson Plc, McLaren Packaging Ltd, DS Smith Packaging Limited, PakFactory, Madovar Packaging Inc., Burt Rigid Box, Inc., Holmen AB ADR (Iggesund Paperboard), Elegant Packaging, Elite Marking Systems, Design Packaging, Inc., Bigso Box Of Sweden, ACG | Ecopack (Finn Industries, Inc.), JohnsByrne, Sunrise Packaging, Inc., Asia Korea Printing Inc., Bell Printers, Prime Line Packaging, Autajon, Npack ltd., Taylor Box Company, and many others.
Chapter 23 – Assumptions and Acronyms Used
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the luxury rigid boxes report.
Chapter 24 – Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, about the luxury rigid boxes market.
Sources and Primary Research Splits (%)
Primary research interviews with key opinion leaders and other participants were conducted for data collection and validation of the below information: