ALBANY, New York, May 20, 2020 /PRNewswire/ -- The compound annual growth rate of global luxury folding carton market will be 4.6% over the forecast period of 2019 to 2027. This would translate to a 1.4X growth in revenue over the period.
As per Transparency Market Research, "Growth in luxury goods market and retail industry is paving way for notable growth in the global luxury folding market over the forecast period. As luxury brands emerge or try to expand presence across developing economies in Asia and Latin America, demand for luxury folding cartons increases."
Key Findings of Global Luxury Folding Carton Market Study:
Personal care and cosmetics industry to contribute massively to the growth of the global luxury folding carton market
Europe to be a large market for luxury folding cartons; Asia Pacific to present new opportunities of growth
Premiumization of alcoholic beverage to be a notable growth factor in the market
Gather core insights about the growth dynamics of the Luxury Folding Carton Market (Material Type - Folding Boxboard, Solid Unbleached Board, Solid Bleached Board, White Line Chipboard; Inserts - Foam Insert, Paper or Paperboard Insert, Plastic Insert, Without Insert; Structure - Straight Tuck End, Reverse Tuck End, Tuck Top Auto-bottom, Tuck Top Snap-lock Bottom, Full Seal End Cartons, Double Glued Sidewall, Others; End-use Industry - Food & Beverages, Cosmetics & Personal Care, Confectionery, Tobacco, Apparel) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027 at https://www.transparencymarketresearch.com/luxury-folding-carton-market.html
Key Drivers of Global Luxury Folding Carton Market:
The food and beverages industry is growing and a lot of this credit goes to increase in disposable income, and growing online services. Besides, it is pertinent to note here that packaging in luxury folding cartons in this industry is witnessing an upward demand curve. And, this is particularly true of alcoholic beverages. As players try to tap into the high-end consumer base, the cartons witness an increase in demand. Other factors of growth include the following:
Exclusive packaging and high shelf-appeal are driving apparel marketers towards upscale packaging, leading to growth in luxury folding carton market
E-commerce industry is also dabbling with luxury folding cartons in order to attract consumers
Appealing packaging is also being demanded for cosmetics and personal care products, with big brands wanting to tap into a premium consumer base
Nano-technology decorative elements to pave way for higher demand in the market over the forecast period
Regional Analysis of Global Luxury Folding Carton Market:
In Western Europe, the demand from apparel industry for luxury folding cartons will be high; Germany and Italy to be at the forefront of growth in the region
North America would be second in term of market share, owing to high disposable incomes and presence of top luxury brands
Growth of e-commerce and introduction of new apparel brands in Asia Pacific and Latin America will generate a slew of untapped opportunities over the forecast period
Analyze luxury folding carton market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Competitors Landscape of Global Folding Carton Market:
The global luxury folding carton market is highly fragmented. Transparency Market Research provides an in-depth view of the vendor landscape with a comprehensive profiling of top players in its market report. Some of the most notable players are Robinson Plc, McLaren Packaging, Sunrise Packaging, Stora Enso Oyj, Westrock Company, International Paper Company, Smurfit Kappa Group Plc, DS Smith Plc, Mondi Group, Coveris Holdings S.A., Karl Knauer KG, Keskeny & Co. Ltd., Mayr-Melnhof Karton AG, Groupe VERPACK, Metsä Board Oyj, KOLBUS GmbH & Co. KG, HH Deluxe Packaging, Solutia Italia Srl, Stevenage Packaging Limited, and Diamond Packaging Corp.
Segmentation of Global Luxury Folding Carton Market:
Solid Unbleached Board
Solid Bleached Board
White Line Chipboard
Paper or Paperboard Insert
Straight Tuck End
Reverse Tuck End
Tuck Top Auto-bottom
Tuck Top Snap-lock Bottom
Full Seal End Cartons
Double Glued Sidewall
Food & Beverages
Cosmetics & Personal Care
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