Rise in consumer spending, increased preferences for luxury goods, and rapid E-commerce expansion are shaping up the global bespoke packaging market. On back of these factors, the global bespoke packaging market is estimated to register a CAGR of 6% during the forecast period of 2019-2029. Brand differentiation, shelf-to-basket conversion, and customer attachment are marking the significant trends in bespoke packaging market.
Companies are focusing on personalization and differentiation of their brands by using unique packaging. New startups, such as Lumi, Packlane, and Packhelp, are disrupting the bespoke packaging business by offering online platforms to design and order customized packaging. Small- to medium-scale businesses are expected to be benefited by internet-enabled packaging platforms.
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Key Takeaways – Bespoke Packaging Market Study
Product Development – Key Strategy of Manufacturers in Bespoke Packaging Market
Key manufacturers in the bespoke packaging market focus on product development, adoption of IoT, and on geographical & capacity expansion. Moreover, key manufacturers strive to increase their presence through the use of online sales platforms to improve brand recognition.
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Brand owners strive to invest aggressively in packaging, driven by the rise in adoption of premium and customized packaging, and increasing consumer focus on sustainable and environment-friendly products. Manufacturers can gain substantial profits by offering more diversified packaging solutions in terms of technology and design to aid brand owners to cater to consumer preferences for uniquely packaged goods.
About Bespoke Packaging Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global bespoke packaging market, analysing historical demand from 2014-2018 and forecast statistics for 2019-2029. The study offers growth projections of the bespoke packaging market on the basis of product (mailers & envelopes, boxes & cartons, bags & totes, pouches, bottles, and others (composite cans, wraps, & others)),
material (paper & paperboard, glass, plastic, metal, textile, leather, and, wood), and end-use industry (fashion accessories & apparels, food, beverages, consumer goods & durables, personal care & cosmetics, and others) across seven major regions.
Global Bespoke Packaging Market by Category
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