(PharmaNewsWire.Com, February 19, 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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Middle East And Africa luxury packaging Market Top Players • Mondi Group • Sonoco • Gerresheimer • HCP Packaging • Ball Corporation
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