Global market for luxury packaging 2017-2022

31 August 2017

According to a new report by Smithers Pira, the luxury packaging market was valued at over $13.77 billion in 2016, with global sales forecast to increase by 3.4% in 2017 to $14.25 billion. In volume terms, a growth rate of 2.6% is forecast for 2017, after which the world market is expected to increase by an annual average of 1.3% up to 2022.
Principal drivers expected to aid market growth over the next 5 years are: using packaging as a medium to premiumise a product; creating a consumer connection via personalised and customised print; the growing importance of consumers in non-traditional markets and engaging with an online sales culture (Press Release Smithers Pira, 9 August 2017).
Click here for the press release.
Click here for more information about the report.

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