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U.S. luxury packaging market is thriving as brands prioritize premium presentation to enhance product value and customer experience. With a focus on quality and aesthetics, luxury packaging solutions cater to discerning consumers seeking exclusivity and sophistication. This market reflects the growing importance of packaging as a tool for brand differentiation and luxury brand positioning.
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U.S. Luxury Packaging Market: Industry, Size, Share, Growth, Trends and Forecast, 2020–2030 September 2022 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
About Us More than 100+ Clients worldwide including various Fortune 500Companies A rich repository of syndicated reports across 8Industries Pioneer in adopting best research practices to ensure deeper insights DedicatedAnalyst Working 2+ years of industry experience in delivering valuable research Insights at Global, Regional and Country Level Top leadership having more than 50 man years of experience across varied industries Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Research Methodology 2.This process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario. 3.This stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and Applications of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years. • 4. This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity. 1. This step involves identification of several primary and secondary data research sources, including Prophecy internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and Pharmaceuticals and non Pharmaceuticals agencies websites. This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Research Objective To analyze several micro-market indicators considering growth factors, market prospects, and strategic market contribution To examine competitive scenarios such as collaborations, mergers and acquisitions, R&D activities, and advanced developments Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Research Process Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Research Methodology U.S. Market Size Market/Revenue share split by each market segment such as By Packaging Format Fracturing Fluids/Fracturing Fluids sector/end user Market/Revenue share of each key player in each Type segment Market/Revenue share of each key player in the U.S. market Market/Revenue share split by each region and country in the U.S. market • Top-down Approach – • Market size and analysis validation through primary and secondary research participants and key opinion leaders. • Primary Sources: • Demand Side Key Opinion Leaders • Supply Side Key Opinion Leaders • Secondary Sources: • Annual Reports • Financial Reports and Presentations • Press Releases • Research Journals • Paid Data Sources • Bottom-up Approach – • Collection of market related data and information from primary and secondary sources, and data analysis. • Primary Sources: • Demand Side Key Opinion Leaders • Supply Side Key Opinion Leaders • Secondary Sources: • Annual Reports • Financial Reports and Presentations • Press Releases • Research Journals • Paid Data Sources Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Research Methodology Definition and Scope – Prophecy Market Insights provide the market definition to understand the target Type/service and provide the market scope to understand the report coverage after thoroughly understanding of target market and market specific requirements. Primary Research – We formulates a detailed discussion guide to perform primary research. In primary research collection of data is performed through telephonic interview, E-mail questionnaire’s, and in-depth discussion with industry experts, manufacturers, suppliers, and distributors. The primary research participant includes but not limited to CEO’s, Managers, Directors, VP’s, Suppliers, CSO’s, and etc. Secondary Research – Our research analyst performs in-depth secondary research and extensive data mining to collect market related information through various authentic data sources such as Annual Reports, Trade Publications, Magazines, Research Publications, Company Press Release, and some paid data sources. In-house Data Analysis – After extensive data mining, we perform in-house market analysis by using various data tools, statistical methods, and data analysis tools to arrive on a conclusion and reduce the margin of error. We provide our overviews and market forecast for the target market after thoroughly understanding and analyzing of collected data, historic market trends, and research outputs. Report Delivery – Prophecy Market Insights provide report in required electronic format (preferably in PDF format), as PDF format is easy to read and present. Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Scope & Coverage The report considers 2019 as the base year. All calculations involving quantitative data are based on 2019. The values represented in the report are actual values for 2019, whereas, the values are estimated for the period 2020−2030. Base Year Estimated Year Forecast Years Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Market Segmentation U.S. Luxury Packaging Market By Packaging Format By Region By Material By End Use Industry • North America • Europe • Asia Pacific • Latin America • Middle East & Africa • Bags • Pouches • Boxes & Cartons • Bottles • Others • Premium Food • Beverages • Home & Personal Care • Consumer Goods • Consumer Electronics • Fashion Accessories & Apparels • Paper & Paperboard • Plastic • Wood • Glass • Metal • Others Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Currency Conversion Currency Conversion 2013-2018 The standard currency used throughout the report is USD ($). However, in the case of other currencies, the annual average currency rate (January 1 to December 31) is used for conversion. These conversion rates are rounded to the nearest decimal place. The chart below represents the standard conversion rates used in the report. Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Executive Summary (1/9) Overview • According to Prophecy Market Insights research, during the projected period, the global luxury packaging sales were valued around US$ 11.8 Bn at the end of 2021. The market is anticipated to increase from US$ 12.1 Bn in 2022 to US$ 18.3 Bn by 2032. The demand for luxury packaging will propel with the top 3 countries estimated to hold 35-40% of the global luxury packaging market in 2022. • The luxury packaging market, fashion accessories & apparel segment and beverage segment revenue totaled US$ 5.1 Bn for 2021, as per the Annual Market Analysis conducted by Prophecy Market Insights. Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Executive Summary (3/9) Table 2.1: U.S. Luxury Packaging MarketOverview Source: Prophecy Market Insights To be Continued … Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Executive Summary (4/9) Table 2.2: U.S. Luxury Packaging MarketOverview Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Executive Summary (5/9) Description Figure 2.1: U.S. Luxury Packaging Market Value Share (%), By Packaging Format – 2020 (E) • The luxury packaging market saw soaring growth in the year 2021 with worldwide revenues up. A new forecast by PMI estimates that luxury packaging revenues will nearly double between 2022 and 2032, with a compound annual growth rate (CAGR) of 4.2% from 2.6% in the historic period (2015-2021). • According to PMI, the overall luxury packaging market is anticipated to expand 1.5x the current market value during the forecast period 2022-2032. With the rising adoption of customized and attractive packaging by brand owners, the luxury packaging market is anticipated to represent an incremental opportunity of US$ 6.2 Bn during 2022-2032. • Europe and North America together are likely to hold almost half a portion of the luxury packaging market during the forecast period owing to the increased consumption of premium and luxury goods among the consumer with the changing lifestyles in the regions. • The luxury packaging market is highly fragmented across various regions. The key players in the luxury packaging market are developing innovative luxury packaging solutions to gain a competitive advantage. Moreover, they are adopting inorganic growth strategies such as mergers & acquisitions and collaborations to expand their business reach in emerging nations. Analysis • Based on packaging format, the boxes & cartons segment is projected to remain the leading segment for the luxury packaging market. The target segment is estimated to represent an incremental opportunity of US$ 957 Mn by the end of 2032. • Boxes & cartons provide rigidity, protection and aesthetic design that make them suitable for packaging luxury products. In addition to this, they offer improved interaction with buyers, attractiveness and endless exterior designs that make the packaging stand among other products. Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved