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DUBAI, UAE, July 21, 2020 /PRNewswire/ --The luxury rigid boxes marketshall register a value of US$ 5.4 Bn by the end of the 2020-2030 forecast period, opines Future Market Insights in its report. The packaging industry has witnessed considerable advancements since the past several decades, with the introduction of luxury rigid boxes being an important one. As consumers' disposable incomes have risen, the demand for luxury goods has risen considerably in the past few years. As social interactions have become more common, the trend of gifting has also surged. Therefore, the uptake of luxury rigid boxes has increased as they provide aesthetic value to the gifted product. Also, using luxury boxes for premiumisation has become an emerging trend amongst several gifting startups and companies. Over the years, the sales of cosmetics, personal care items, apparel, jewellery and cosmetics are anticipated to provide significant traction to the luxury rigid boxes market, keeping the market afloat. "Increasing number of e-commerce platforms to purchase luxury items is shifting the customer base, prompting market players to invest in online packaging over and above traditional channels," infers an FMI analyst. Download a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-11926 Key Takeaways from FMI's Luxury Rigid Market Study Consumer goods segment shall capture 60% of the global luxury goods market by 2030 Material-wise, paper and paperboard based boxes shall generate an opportunity worth US$ 572 Mn over the next half-a-decade 2-piece boxes shall generate an incremental $ opportunity worth US$ 268 Mn until 2025 By closure type, magnetic closure shall gain 180 BPS across the forecast period Asia-Pacific shall emerge as a prominent regional market, attributed to application in confectionery packaging Market players are capitalizing on mergers & acquisitions in order to acquire stronger revenue footprints Luxury Rigid Boxes Market- Key Trends Festive occasions record the highest incidences of luxury goods sales prompting market players to introduce innovative and aesthetically pleasing packaging Luxury rigid boxes are incredibly light weight and cost-effective, increasing their uptake, pushing up revenue prospects Technological advancements such as RFID and NFC are being incorporated to enhance consumer experiencing, stimulating revenue prospects The COVID-19 pandemic has induced sluggishness ascribed to falling industrial production in the wake of mandatory social distancing measures Luxury Rigid Boxes Market- Region-wise Analysis Asia-Pacific shall generate a US$ 930 Mn incremental opportunity by 2030 Opportunities in wedding planning activities shall provide traction to growth in the Asia-Pacific region North America is generating opportunities on the technological front, with the introduction of NFC and RFID systems to track orders Effective distribution networks across LATAM and MEA shall make them lucrative markets in the future FMI's MD & Co-founder tells the secrets of creating a recession-proof businesshttps://www.entrepreneur.com/article/353033 Luxury Rigid Boxes Market- Competitive Landscape The luxury rigid boxes market is highly fragmented, making it highly competitive. Market players are concentrating on innovations and new product developments. For instance, Madovar Packaging Inc. launched custom apparel gift boxes for the Antoniella apparel company in February 2020. Besides, companies also focus on collaborations to remain afloat in the market. An example of this is McLaren Packaging Ltd acquiring Moelle Interlok Packaging, a company specializing in producing solid board divisions and layer pads for electronics, glasses and beverage industries in 2019. For information on the research approach used in the report, request [emailprotected] https://www.futuremarketinsights.com/askus/rep-gb-11926 Luxury Rigid Boxes Market Taxonomy Packaging Type Hinge Lid Box Collapsible Box Rigid Sleeve Box Shoulder Neck Box Two Piece Box Telescopic Box Others Closure Type Magnetic Closure Ribbon Tie Mechanical Lock Frictional Seal Insert Type With Insert Foam Insert Paper or Paperboard Insert Plastic Insert Without Insert Material Fabrics Metals Plastics Paper & Paperboard Wood End-Use Fashion Accessories & Apparels Watches Jewellery Sunglasses Ties Shoes Apparel Others Food & Beverages Cookies & Biscuits Chocolates Sweets Alcoholic Beverages Others Consumer Goods Flowers Ceramics Glass Craft Metal Craft Others Perfumes Consumer Electronics Region/Country North America U.S Canada Latin America Brazil Mexico Argentina Rest of Latin America Europe EU-5 Russia BENELUX Rest of Europe Asia-Pacific China India Japan Australia New Zealand Middle East & Africa GCC South Africa Northern Africa Rest of MEA Our advisory services are aimed at helping you with specific, customized insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you:https://www.futuremarketinsights.com/customization-available/rep-gb-11926 Luxury Rigid Boxes Market Report Future Market Insights, in its new report, offers an unbiased analysis of the global luxury rigid boxes market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the luxury rigid boxes market on the basis of packaging (hinge lid box, collapsible box, rigid sleeve box, shoulder neck box, two piece box, telescopic box, and others), closure type (magnetic closure, ribbon tie, mechanical lock, and frictional seal), insert (with insert {foam inserts, paper and paperboard insert, and plastic insert} and without inserts), material (fabrics, metals, plastics, paper and paperboard, and wood), end use industry (fashion accessories & apparels {watches, jewelry, sunglasses, ties, shoes, apparels, and others}, food & beverages {cookies & biscuits, chocolates, sweets, alcoholic beverages, and others}, consumer goods {flowers, ceramics, glass craft, metal craft, and others}, perfumes, and consumer electronics) across five regions. Explore Extensive Insights on FMI's Packaging Division Rigid Packaging Containers Market: FMI's rigid packaging containers market offers an in-depth 360-degree analysis on the prominent growth dynamics across four major segments spread over five geographies for the 2020-2030 forecast period. Rigid Trays Market: The ongoing study on rigid trays market initiated by FMI brings to the fore valuable insights on the business models, key strategies and respective market shares of some of the most prominent players across the landscape. Luxury Packaging Market: The luxury packaging market study initiated by FMI provides information regarding prominent growth dynamics across the following prominent segments: product type, packaging product and end-user over five prominent regions. About Future Market Insights (FMI) Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries.FMIis headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latestmarket research reportsand industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers. Contact Mr. Abhishek BudholiyaUnit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,Jumeirah Lakes Towers, Dubai,United Arab EmiratesMARKET ACCESS DMCC InitiativeFor Sales Enquiries: [emailprotected]For Media Enquiries: [emailprotected] Report: https://www.futuremarketinsights.com/reports/luxury-rigid-boxes-marketPress Release Source:https://www.futuremarketinsights.com/press-release/luxury-rigid-boxes-market SOURCE Future Market Insights

Answer: Luxury Rigid Boxes Market to Reach US$ 5.4 Bn by 2030, Future Market Insights English English English