Bespoke Packaging Market Will hit at a CAGR of 6.0% from 2019–2029 | Future Mark
Posted by Vijay Kundekar on March 18th, 2020
The growth of the bespoke packaging market is poised to ascend at a CAGR of 6% over the forecast period 2019-2029. Rapid e-commerce expansion coupled with consumers' increased preferences for luxury goods are the major growth prospects that are augmenting the bespoke packaging market. In addition, exponential increase in the high-end materials and demand for innovative premium products to communicate essential brand values is expected to boost the demand for bespoke packaging, globally.
"Companies are catering to emerging demands of conscious consumer clusters, sustainability being the top parameter. Adoption of recycled or green packaging materials is thus gaining prominence recently. Bespoke packaging market also remains influenced by favorable government initiatives regarding the reduction of carbon footprint," says the FMI report.
Global Bespoke Packaging Market Study - Key Takeaways
Global Bespoke Packaging Market Study - Key Growth Factors
Global Bespoke Packaging Market Study - Key Challenges
Key manufacturers in the bespoke packaging market are focusing on adopting technological advancements such as IoT along with cross-boundary expansion. Moreover, they are also striving to increase their presence by entering into e-commerce or online platform to enhance their brand image. Some of the leading players profiled in the report are Gatto Astucci Spa, Burt Rigid Box Inc., DS Smith Plc, Diamond Packaging Corporation, and GPA Luxury.
More About the Report
This Future Market Insights study of 300 pages provides all-inclusive insights on the global bespoke packaging market. The market analysis is based on product (mailers & envelopes, boxes & cartons, bags & totes, pouches, bottles, and others (composite cans, wraps, & others)), material (glass, plastic, metal, textile, leather, and wood), application (fashion accessories & apparels, food, beverages, consumer goods & durables, personal care & cosmetics, and others), and region (Latin America, North America, Europe, APEJ, Japan, Oceania, and MEA).
Explore Extensive Coverage of FMI's Packaging Landscape
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. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
Mr. Abhishek Budholiya
SOURCE: Future Market Insights
Like it? Share it!
About the AuthorVijay Kundekar
Joined: August 22nd, 2019
Articles Posted: 420
More by this author