Global Bespoke Packaging Market Size By Product Type (Paperboard, Rigid Plastic, Glass), By End User (Food and Beverage, Fashion Accessories and Clothing, Personal Care and Cosmetics), By Geographic Scope And Forecast
Global Bespoke Packaging Market Size By Product Type (Paperboard, Rigid Plastic, Glass), By End User (Food and Beverage, Fashion Accessories and Clothing, Personal Care and Cosmetics), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Bespoke Packaging Market size was valued at USD 14.28 Billion in 2021 and is projected to reach USD 25.82 Billion by 2030, growing at a CAGR of 6.90% from 2023 to 2030.
Increasing demand for personalized and sustainable packaging from e-commerce and food industries, and growing demand for premium packaging from electronics, fashion, apparel, and cosmetic industries are major key driving factors shaping the growth of the market. The Global Bespoke Packaging Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Bespoke Packaging Market Definition
Think of bespoke packaging as a step above the usual – it's packaging that's specifically designed to feel luxurious and totally unique to your brand. It's really the best way to say, "Hey, this is a high-quality product!" and to make what's inside even more appealing. The word "bespoke" itself means to tailor something perfectly, whether it's for a person or, in this case, a product. Of course, the whole point of product packaging is to keep what's inside safe and sound, especially when it's being shipped, and to prevent any damage. But let's be honest, if the packaging is cheap or falling apart, it gives customers a really bad first impression. So, making sure your product is presented in packaging that's high-quality, secure, and protective is super important.
Standard packaging solutions are available in a market such as bespoke packaging. The world’s largest companies invest a huge amount to design branded packaging to make a product more attractive and safe. Branded packaging impacts the customer’s choice and loyalty toward the product. Giving effort into packaging will help your customers to feel happy about deciding to purchase a product from a particular company.
It will encourage a customer to recommend that company to other customers which will keep a company in a higher position. Some key benefits of bespoke packaging are Improved customer retention, reduce transport and material costs, increase sustainability, improve productivity, and reduce damage returns. The process of bespoke packaging includes some steps such as understanding packaging requirements and operational needs, bespoke packaging design, producing packaging design, making amendments if necessary, and finalizing bespoke packaging.
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Global Bespoke Packaging Market Overview
Increasing demand for personalized and sustainable packaging from e-commerce and food industries, and growing demand for premium packaging from electronics, fashion, apparel, and cosmetic industries are major key driving factors shaping the growth of the market. Increasing demand from the e-commerce industry is increasing market growth due to increasing transportation efficiency, and sustainability of retail by creating supply chain efficiencies. Demand for sustainable packaging is increased because it leads to consumer demand, reduces shipping costs and decreases carbon footprint, and optimizes packaging. It shows corporate social responsibility, and retailers expect sustainability from a brand they carry.
If restraining factors are taken into consideration rapid changes in technologies and shortage of raw materials may reduce market growth because rapid changes in technology will require more manpower to work on it. Due to improved technology more experienced and knowledgeable workers are needed for the production of packaging material. So along with the high cost of production costly manpower is leading to making packaging more expensive. There is more use of paper and paperboard packaging because they are widely used in the food industry.
It is eco-friendly and convenient for the customers. Many retail stores use packaging materials to preserve food and retain the nutritional value of food. Due to the increase in the number of consumers purchasing frozen and chilled foods, this demand for food is directly increasing the demand for packaged food. Key manufacturers are focusing on these factors that can lead to an increase in demand and that can increase opportunity also. But there is a significant challenge among the players who provide quality products to customers in the Bespoke Packaging Market.
Global Bespoke Packaging MarketSegmentation Analysis
The Global Bespoke Packaging Market is segmented on the basis of Product Type, End User, and Geography.
Bespoke Packaging Market, By Product Type
Paperboard
Rigid Plastic
Glass
Flexible Plastic
Metal
Other
Based on Product Type, The market is segmented into Paperboard, Rigid Plastic, Glass, Flexible Plastic, Metal, and Others. In bespoke packaging, paperboard packaging is growing at a significant rate and it accounts for the largest market share due to its eco-friendly and recyclable nature, versatility, and carbon emission making it usable for packaging. In recent years, significant growth in flexible paper packaging is growing along with the Bespoke Packaging Market. Glass is the second largest growing market due to its storage, recyclable and non-reactive qualities.
Bespoke Packaging Market, By End User
Food and Beverage
Fashion Accessories and Clothing
Personal Care and Cosmetics
Consumer Goods
Other
Based on End User, The market is segmented into Food and Beverage, Fashion Accessories and Clothing, Personal Care and Cosmetics, Consumer Goods, and Others. Among these end-users, the food and beverages segment is expected to remain dominant during the forecast period. The packaging industries observed high demand due to attractive and unique packaging for different food products. Food and beverages have biodegradable properties and they get spoiled when they come in contact with moisture and other environmental factors so they need flexible packaging. These requirements fuel significant market growth.
Bespoke Packaging Market, By Geography
North America
Europe
Asia Pacific
Rest of the world
On the basis of Regional Analysis, The Global Bespoke Packaging Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Europe is expected to be a leading region in the Global Bespoke Packaging Market and it is estimated to make the largest sales during the forecast period. This is due to a growing demand for premium packaging from the fashion, electronics, and cosmetic industries. In addition, confectionaries and tobacco demand for bespoke packaging solutions to offer more personalized services to customers will lead the market growth.
Key Players
The “Global Bespoke Packaging Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Packlane, Lumi, James Cropper Group, Westrock, Packhelp, DS Smith Plc, Burt Rigid Box, McLaren Packaging Ltd., KOLBUS GmbH, and Liqui Box Corporation.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into Active, Cutting Edge, Emerging, and Innovators categories.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Bespoke Packaging Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Bespoke Packaging Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2018-2030
BASE YEAR
2021
FORECAST PERIOD
2023-2030
HISTORICAL PERIOD
2018-2020
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Packlane, Lumi, James Cropper Group, Westrock, Packhelp, DS Smith Plc, Burt Rigid Box, McLaren Packaging Ltd., KOLBUS GmbH, and Liqui Box Corporation.
SEGMENTS COVERED
By Product Type
By End User
By Geography
CUSTOMIZATION SCOPE
Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
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Research Methodology of Market Research
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Reasons to Purchase this Report
We'll dive deep into the market, looking at both the numbers (quantitative) and the softer aspects (qualitative), breaking it down by segmentation using economic and non-economic factors. You'll get the market value in USD Billion for every segment and sub-segment. We'll also pinpoint which region and segment is likely to grow the fastest and dominate the market. Our analysis will highlight product/service consumption by geography and explain what's influencing the market in each region. Expect a competitive landscape view, including market rankings of key players, recent service/product launches, partnerships, business expansions, and acquisitions of profiled companies from the last five years. We'll provide detailed company profiles with overviews, insights, product benchmarking, and SWOT analysis for major players. Get ready for a look at the current and future market outlook, covering growth opportunities, drivers, challenges, and restraints in both emerging and developed regions. We'll even include an in-depth analysis using Porter's five forces. Plus, you'll gain valuable insight through a Value Chain analysis. We'll paint a picture of the market dynamics, highlighting growth opportunities in the coming years. And to top it off, we offer 6-month post-sales analyst support!
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