(Entertainment-NewsWire.com, February 20, 2018 ) The Key factors that drive the growth of the market include an increase in a number of product launches in fashion and cosmetic sector, rise in penetration of online retail and travel retail, increasing innovations and technologies in luxury packaging and others. Owning to increasing disposable incomes, the consumers are shifting their concern towards the safe packaged foods & personal care products.
Packaging is the process of protecting the product from environmental issues and enables the product to travel safely for long distances. The packaging of a product is a part of brands image if the packaging looks luxurious consumers are willing to spend more money in order to buy that product. Packaging is done not only to protect the products from damage, but it has become an integral part of luxury brands. The benefits with respect to luxury packaging include shelf appeal, functionality, protection, security, and others. Increase in a number of diseases coupled with rising in healthcare awareness has boosted the market growth.
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Key pointers in the report include: • Competitive landscape & market analysis is included in the report to understand the key companies’ position and Porter's Analysis & PESTLE analysis to perform to analyze the impact of drivers, restraints, challenges and constraints on the market during the next five years. • Team of analysts have analyzed and listed out the key drivers, constraints, challenges and emerging opportunities in all the industry verticals which will specify the emerging scope for the market in end user industries. • Industry value chain analysis is provided in the report to identify the key stakeholders and prominent players at each stage of the company along with the value addition at each stage of the value chain. • Complete analysis including global and regional trends, technological developments, and new product innovations are included in the report specific to each and every segment of the market. • A complete 360 degree analysis is provided in the report on key companies’ product portfolio, business portfolio, developmental strategies, and key developments from the companies in the historical period. • Advanced customizations on countries, specific applications in end user industries, product based customizations will be provided based on the request. • All the collected data is further validated and verified using surveys, interviews and interactions with industrial experts.
North America luxury packaging Market Top Players • Mondi Group • Sonoco • Gerresheimer • HCP Packaging • Ball Corporation
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