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Global Luxury Folding Cartons Market it is anticipated to reach at market value of US$ 2.66 Bn by 2027
Bizizz Market Research has recently published a research report, “Luxury Folding Cartons Market By Materials Type (Solid unbleached, White Line Chipboard, Folding Boxboard and Solid Bleached Board), structure (Tuck Top Auto-bottom, Double Glued Sidewall, Tuck Top Snap-lock Bottom, Straight Tuck End, Full Seal End Cartons, Reverse Tuck End and Other Structures) inserts covered (Paper or Paperboard Insert, Without Insert, Foam Insert and Plastic Insert), End-users (Tobacco, Cosmetics & Personal Care, Consumer Goods, Food & Beverages, Confectionary, Healthcare, Apparel, Electrical & Electronics and Other End Users), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 - 2027”.
As per the report, Global Luxury Folding Cartons Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 2.66 Bn by 2027, witnessing a CAGR of 4 % during the forecast period. Key drivers of the market are increased demand of lesser turnaround and personalized packaging along with luxury in appearance.
The market of luxury folding cartons are propelling the growth by factors including increased demand of quick turnarounds and personalized packaging from end-users are anticipated to propel this market growth by an increasing demand of carefully printed cartons. Moreover, the cost associated with luxury folding carton manufacturing is propelling its growth; such factors are hindering the growth in this market. Emergence of latest technologies in luxury goods are observed as a growth opportunity in this market.
The Luxury Folding Cartons market is anticipated to register a CAGR of over 15% during the forecast period.
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By end-users, Apparel segment held a key share in Global Luxury Folding Cartons Market in 2018.
The global market of luxury folding cartons is led by apparel segment and is anticipated to observe at a significant rate of growth during the forecast period. Apparel manufacturers are concentrating on advancing their retail business with the support of elite packaging and attractive shelves in different retail shops. End users chose luxury folding cartons according these substantiates them in better engagement with customers.
Europe is Anticipated to Dominate the Global Luxury Folding Cartons Market during the Forecast Period.
The Germany is exhibiting luxury folding cartons market in a leading position and is anticipated to be met attractive luxury folding carton market across Europe because of high presence of well-known luxury companies while Italy's market is accounted to grow rapidly during the forecast period. Luxury Folding carton market is anticipated be more lucrative in North America after Europe. Moreover, Moderate growth in the food and beverage market is propelling its growth of retail sector and is having growing e-business sector are the key factors contributing to the growth of luxury folding carton market.
Global Luxury Folding Cartons market was highly/moderately consolidated with key players accounting for significant share in 2018. Companies are expanding their global presence by mergers and acquisitions to compete in the global market.
Prominent players operating in the Global Luxury Folding Cartons Market are: , Diamond Packaging Corp., Sunrise Packaging, Robinson Plc, KOLBUS GmbH & Co. KG., Smurfit Kappa Group Plc, DS Smith Plc, Mondi Group, Karl Knauer KG, VERPACK Group, Oyj Board of Metsä, HH Deluxe Packaging, Solution Italia Srl., Mayr-Melnhof carton AG, and Stevenage Packaging Limited, among others.
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