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The Demand For Luxury Folding Cartons Market Was Estimated At US$ 2.1 Bn In 2019. It Is Projected To Witness A CAGR Of ~4 % During The Forecast Period (2020-2028)
Luxury folding cartons are packaging items that are made from paper / paper products and have the potential to be personalized in their form, sizes to accommodate the product as per the needs of the customer.
Many end users are adopting luxury folding cartons as these attract customer’s attention. Such folding cartons are a combination of flexible and rigid packaging as these can be modified, these are also effective in protecting the products from extreme external factors. These products are made with the support of various software systems to provide accurate folding and versatile measurements. Growing market for faster packaging formulation is expected to drive the growth of the market.
Factors such as rising demand for quick turnarounds and personalized packaging from many retailers are expected to fuel market growth by increasing demand for carefully printed cartons. However, the cost of luxury folding carton production is growing, that is hindering the growth of the market. In addition to this, the emergence of technological advances in luxury goods is seen as a growth opportunity for the market.
Apparel Segment Had Accounted For A Significant Share Of More Than XX% In 2019 And Is Expected To Remain Dominant During The Forecast Period 2020-2028.
Apparel segment is expected to see a substantial rate of growth throughout the forecast period. Apparel manufacturers are focusing on developing their retail business with the help of elite packaging and attractive shelves in various retail shops. End users prefer luxury folding cartons as these help them in better engagement with customers.
Paperboard Inserts Segment Had Accounted For A Significant Share Of More Than Xx% In 2019 And Is Expected To Remain Dominant During The Forecast Period 2020-2028.
Luxury folding cartons are packaging items that are made from paperboard inserts and have the potential to be personalized in their form, sizes to accommodate the product as per the needs of the customer. These folding cartons are a mixture of flexible and rigid packaging as these can be personalized, but these are also effective in shielding the contents from extreme external factors, These products are designed with the aid of various software systems to provide precise folding and versatile measurements.
European Market Is Likely To Dominate The Global Luxury Folding Cartons Market During Forecast Period.
The Western European apparel market is perceived to be the largest customer for luxury folding cartons, followed by the North American market and the Asia Pacific region.
Germany Luxury Folding Cartons market is expected to be the most attractive luxury folding carton market across Europe due to the high presence of well-known luxury brands, while Italy's market is estimated to grow rapidly during predicted timeline. Luxury Folding carton market is expected to be more lucrative in North America. Moreover, Moderate growth in food and beverage market, growing retail sector and expanding e-business sector are the key factors supporting the growth of luxury folding carton market.
The launch of new clothing brands in developing markets, such as the Asia-Pacific market and the Latin American market, is expected to support demand for luxury folding cartons over the projected timeframe.
The major companies leading to the global luxury folding carton market are Sunrise Packaging, Robinson Plc, Smurfit Kappa Group Plc, DS Smith Plc, Mondi Group, Karl Knauer KG, VERPACK Group, Oyj Board of Metsä, KOLBUS GmbH & Co. KG, HH Deluxe Packaging, Solution Italia Srl, Diamond Packaging Corp., Mayr-Melnhof carton AG and Stevenage Packaging Limited
Luxury Folding Cartons Market Segmentation:
Luxury Folding Cartons Market by structure
- Tuck Top Auto-bottom
- Double Glued Sidewall
- Tuck Top Snap-lock Bottom
- Straight Tuck End
- Full Seal End Cartons
- Reverse Tuck End
- Other Structures
Luxury Folding Cartons Market by material
- Solid unbleached
- White Line Chipboard
- Folding Boxboard
- Solid Bleached Board
Luxury Folding Cartons Market by Inserts Covered:
- Paper or Paperboard Insert
- Without Insert
- Foam Insert
- Plastic Insert
Luxury Folding Cartons Market by End Users Covered:
- Cosmetics & Personal Care
- Consumer Goods
- Food & Beverages
- Electrical & Electronics
- Other End Users
Luxury Folding Cartons Market by Region:
- North America
- Latin America
- Middle East & Africa