Global market for luxury packaging 2016-2021

According to a report by Knowledge Sourcing Intelligence, the global market for luxury packaging will grow from US$12.801 billion in 2015 to US$16.385 billion by 2021, at a CAGR of 4.20% over the forecast period.
This market is driven by cosmetics and fragrances attributable to the aesthetic value associated with the packaging of such products and a rise in the gift giving culture owing to the integration of cultures globally. By material, paperboard constitutes the largest market share followed by the glass; while plastics segment is expected to witness the fastest growth. Asia Pacific is anticipated to witness the highest growth in the market (Press release, 14 November 2016).
Click here for the press release.
Click here for more information about the report.

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