Luxury Rigid Boxes Market to Expand at a CAGR of 3.9% during 2022 to 2030

PRESS RELEASE
Published March 9, 2023

The luxury rigid boxes market is anticipated to reach a value of US$ 4.0 billion in 2022 and US$ 5.4 billion in 2030, at a CAGR of 3.9%.

Luxury rigid boxes are widely used for packaging high-end products such as cosmetics, jewelry, and electronics, among others. These boxes are made of high-quality materials and offer excellent protection to the products, making them ideal for shipping and storing. With the growing demand for luxury goods across the world, the luxury rigid boxes market is expected to witness significant growth in the coming years.

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The report also states that the demand for luxury rigid boxes is expected to rise in the coming years due to the growing e-commerce industry. As more and more consumers are shopping online, the need for high-quality packaging solutions that can protect the products during shipping and handling is also increasing.

The Asia Pacific region is expected to witness significant growth in the luxury rigid boxes market during the forecast period. This can be attributed to the growing demand for luxury goods in countries such as China, India, and Japan. Moreover, the increasing adoption of eco-friendly packaging solutions and the rising awareness regarding sustainable packaging practices are also contributing to the growth of the market in the region.

In conclusion, the luxury rigid boxes market is expected to witness significant growth in the coming years, driven by the increasing demand for high-quality packaging solutions for luxury goods and the growing e-commerce industry. The Asia Pacific region is expected to emerge as a key market for luxury rigid boxes, with companies focusing on product innovation and the development of sustainable packaging solutions to gain a competitive edge.

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Key Takeaways of Luxury rigid boxes Market Study

  • Consumer goods industry is estimated to account for more than 1/3rd of the luxury rigid boxes market by 2030
  • Two piece boxes estimated to have an incremental opportunity of US$ 268 Mn by 2025
  • Paper and paperboard estimated to account for 68% of the global market by value, and reach slightly over US$ 3.6 Bn in 2030
  • Magnetic closure is estimated to gain by 180 bps of current market share during the forecast period
  • Foam inserts are estimated to have a significant market share by insert types, accounting for more than half of the market share by 2030
  • Asia Pacific is estimated to have an incremental opportunity of US$ 930 Mn by 2030 with the increasing demand for luxury boxes for confectionery product packaging

“Luxury rigid boxes are the elegant and sophisticated medium for presenting products. Additionally, these boxes promote impulse purchasing of the products. Demand for luxury rigid boxes among end users is consistently increasing to build and enhance positive brand image. In spite of declining phase of luxury rigid boxes market in 2020 due to COVID 2019, significant revenue generating opportunities are anticipated with explosive nature of e-commerce and digital shopping,” says and FMI analyst.

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Competitive Landscape

The key manufacturers operating in luxury rigid boxes market are focusing on increasing their production capacity to meet the increasing demand for luxury rigid boxes. Moreover, the key players are increasing their product portfolio to cater for the growing luxury rigid boxes market.

  • In February 2021, Robinson Packaging develops and manufactures bespoke luxury rigid boxes. With expertise across many major markets, including confectionery and food, toiletries, cosmetics and multimedia, Robinson creates top quality boxes for every vendor.
  • In January 2019, Metsä Board, the paperboard and packaging manufacturer, introduced new luxury box named SkinCare 2.0 gift box which uses fibre-based materials to replace plastic.

Key Players:

  • PakFactory Canada
  • Madovar Packaging Inc.
  • Burt Rigid Box Inc.
  • Taylor Box Company
  • DS Smith plc
  • Bigso AB
  • Robinson Plc
  • Sunrise Packaging Inc.

Luxury Rigid Boxes Market by Category

By Packaging Type:

  • Hinge lid Box
  • Collapsible Box
  • Rigid Sleeve Box
  • Shoulder Neck Box
  • Two piece Box
  • Telescopic Box
  • Others

By Material:

  • Fabrics
  • Metals
  • Plastics
  • Paper & Paper Board
  • Wood

By Closure Type:

  • Magnetic Closure
  • Ribbon tie
  • Mechanical Lock
  • Others

By Inserts:

  • Without insert
  • With insert
  • Foam Inserts
  • Plastic Inserts
  • Paper or Paperboard Insert

By End Use:

  • Fashion Accessories & Apparels
  • Watches
  • Jewelry
  • Sunglasses

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