According to the research report titled ‘Global Luxury Rigid Boxes Market Size study, by Packaging Type (Hinge lid Box, Collapsible Box, Rigid Sleeve Box, Shoulder Neck Box, Two piece Box, Telescopic Box, Others) by Material (Fabrics, Metals, Plastics, Paper & Paper Board, Wood) by Closure Type (Magnetic Closure, Ribbon tie, Mechanical Lock, Others) by Inserts (Without Insert, With Insert) by end use industries (Fashion Accessories & Apparels, Food & Beverages, Consumer Goods) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global luxury rigid boxes market is anticipated to witness a healthy CAGR during 2022-2028.

Report findings suggest that expanding food & beverage sector, and preference for environmentally friendly packaging options are contributing toward global luxury rigid boxes market expansion.

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For the unversed, rigid boxes are rectangular shaped packaging boxes with lid and tray made of cardboard. Several end-use industries, including food & beverage, consumer electronics, and cosmetics among others are frequently using rigid boxes for packaging purpose.

Furthermore, expanding e-commerce vertical in emerging nations as well as growing innovations in packaging technology are expected to augment industry growth in the coming years.

However, adverse effects of pandemic restrictions on end-use sectors, and expensive nature of luxury packaging solutions may stifle worldwide luxury rigid boxes market progress during the stipulated timeframe.

Regionally, the latest industry trends are studied across North America (U.S., Canada), Europe (U.K, France, Germany, Spain, Italy), Asia Pacific (China, South Korea, India, Australia, Japan), and Latin America (Brazil, Mexico).

Among these, North America market holds major revenue share at present, owing to presence of major players in the region, and flourishing food & beverage industry.

Whereas Asia Pacific industry is slated to progress with a healthy CAGR over the analysis timeframe, due to expanding bakery and confectionery segments, and booming retail food services in the region.

From the competitive frame of reference, Asia Korea Printing Inc., Finn Industries Inc., Sunrise Packaging Inc., Robinson plc, Bigso AB, DS Smith plc, Taylor Box Company, Burt Rigid Box Inc., Madovar Packaging Inc., and PakFactory are the leading players in global luxury rigid boxes market.