There are many benefits of Luxury Packaging. From design to development to manufacturing, it is crucial component of a brand’s image. And studies show that consumers will spend more on products if the packaging is appealing. Creating the right luxury packaging design starts with understanding the target audience. A mass-produced product might have bright colors that are hard to remove.
The global Luxury Packaging Market was valued at US$ 14.49 Bn in 2021 and is forecast to reach a value of US$ 19.1 Bn by 2030 at a CAGR of 4.4% between 2022 and 2030.
Major Players in the Luxury Packaging Industry:
1) DS Smith Plc.
DS Smith Plc. Is a British multinational packaging business. It is a leading provider of sustainable fibre-based packaging in Europe and the United States, with recycling and papermaking operation. The company manufactures packaging that is 100% recyclable. The company was founded in the year 1940, and the headquarters are located in London, England, UK.
As of May 2021, DS Smith has opened new state-of-the-art laboratory to support customer’s circularity ambitions.
2) West Rock
West Rock Company is an American corrugated packaging company that is the second largest American packaging company and one of the world’s largest paper and packaging companies. The company was founded in the year 2015, and the headquarters are located in Sandy Springs, Georgia, United States.
As of December 2022, West Rock completed the acquisition of Grupo Gondi, a commercial company that provides cardboard and paper packaging solutions for customers.
4) Amcor plc.
Amcor plc. Is a global packaging company that is known for developing and producing flexible packaging, rigid containers, specialty cartons, closures and services for food, beverage, pharmaceutical, medical device etc. The company was founded in the year 1896, and the headquarters are located in Zurich, Switzerland.
In 2022, Amcor announced it has won a Silver award for Amcor LifeSpan Copper Based Film in the 2022 Packaging Innovation Awards competition, sponsored by DOW, a global expert panel evaluated products for technological advancements, user experience and sustainability impact.
5) O-I Glass, Inc.
Owens-Illinois Inc. is an American company that specializes in container glass products. It is one of the world's leading manufacturers of packaging products, holding the position of largest manufacturer of glass containers in North America, South America, Asia-Pacific and Europe. Approximately one of every two glass containers made worldwide is made by O-I, its affiliates, or its licenses. The company was founded in the year 1929, and the headquarters are located in Perrysburg, Ohio, U.S.
6) Ardagh Group.
Ardagh Group is a Luxembourg-based producer of glass and metal products that has grown in the past two decades into one of the world’s largest metal and glass packaging companies. Ardagh Group SA is a global supplier of sustainable, recyclable, metal and glass packaging for brand owners around the world. The Company has operations in Europe, the United States, Brazil and Africa. The company was founded in the year 1932, and the headquarters are located in Luxembourg, Luxembourg.
In 2022 Ardagh Group successfully concluded its strategic acquisition of Consol Glass, Africa now known as Ardagh Glass Packaging.
