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."
Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=62205
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
Request COVID19 Impact on Luxury Folding Carton Market at https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=62205
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.
View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/62205
Segmentation of Global Luxury Folding Carton Market:
- Folding Boxboard
- Solid Unbleached Board
- Solid Bleached Board
- White Line Chipboard
- Foam Insert
- Paper or Paperboard Insert
- Plastic Insert
- Without 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
Explore Transparency Market Research's award-winning coverage of the Global Packaging Industry:
Fast Food Wrapping Paper Market – The demand for fast food wrapping paper is increasing at a decent growth rate in both developed as well as in developing countries. This is primarily due to the high growth in the on-the-go and the fast food market globally.
Retort Packaging Market – Market players in the retort packaging landscape are capitalizing on the efficiency and convenience of retort processing over canned packaging. From a consumer point of view, cans are heavy and bulky to handle, and have limited mobility, especially for children and elderly individuals. From a manufacturer point of view, cans require high-budget investments to get the resources in place for production, and add increased costs for shipping across countries.
Aseptic Packaging Market – The growing demand for adequately packaged food products from the Asian emerging economies, developed countries in the western parts of the world are also expected to sustain a consistent demand in the aseptic packaging market in the near future, which can be attributed to higher awareness levels regarding the benefits.
Pet Food Packaging Market – The global pet food packaging market is likely to be fuelled by the demand for pet food customers who are constantly looking for packaging solutions that will retain freshness of the food items. Increased concern over intake of nutrition is resulting in the production of a wide variety of food items for pets.
Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions.
About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Mr Rohit Bhisey
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
SOURCE Transparency Market Research