How big is the Luxury Packaging Market?

The Luxury Packaging Market size is expected to reach USD 17.77 billion in 2024 and grow at a CAGR of 4.20% to reach USD 21.83 billion by 2029. Read More

What is the current Luxury Packaging Market size?

In 2024, the Luxury Packaging Market size is expected to reach USD 17.77 billion. Read More

Who are the key players in Luxury Packaging Market?

HH Deluxe Packaging, Amcor Plc, DS Smith Plc, Crown Holdings, Inc. and International Paper Company are the major companies operating in the Luxury Packaging Market. Read More

Which is the fastest growing region in Luxury Packaging Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Luxury Packaging Market?

In 2024, the North America accounts for the largest market share in Luxury Packaging Market. Read More

What years does this Luxury Packaging Market cover, and what was the market size in 2023?

In 2023, the Luxury Packaging Market size was estimated at USD 17.02 billion. The report covers the Luxury Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Luxury Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Luxury Packaging Market Analysis | Industry Trends, Size & Forecast Report

Luxury Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers the Global Luxury Packaging Market Share and Manufacturers. The Market is Segmented by Material (Paperboard, Glass, and Metal), End User (Cosmetics and Fragrances, Confectionery, Watches and Jewelry, and Premium Beverages), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Luxury Packaging Industry Overview

The luxury packaging market is fragmented, and the new players are expanding their businesses into emerging regions. The high rate of competitive rivalry among international and regional players intensifies the competition. Key players include Amcor PLC, HH Deluxe Packaging, and DS Smith PLC.

In December 2023, Innovative Beauty Group’s FASTEN Packaging company introduced Goodloop, its refillable and recyclable jar for cream products intended to combine luxury branding with sustainable progress. It is made of recycled PP and PET so that it can be fully recyclable. The pack constitutes a transparent outer jar and a curved inner portion, designed to provide a ‘sleek’ appearance.
In October 2023, Wrapology, a London-based luxury packaging company that works with various high-profile, international, and emerging brands with a focus on design, was acquired by German carton and boxes specialist Carton Group. Through this acquisition, Carton Group planned to provide packaging solutions that not only surpass the functional requirements and expectations of its customers but also spark a strong emotional and promotional response from end consumers.
In August 2023, in India, Ferrero Rocher Moments revamped its packaging strategy. The brand introduced pouches available in factory-packed hangsells and shelf-ready dispensers that are accessible across modern and traditional retail outlets, as well as on e-commerce platforms. This launch addressed consumer demands for self-consumption, sharing, and gifting. The new packaging preserved the premium essence and design elements of the classic Ferrero Rocher, utilizing gold-colored packaging and contemporary design patterns.