From: Packaging News
Extensive customisation in luxury packaging to uplift global market over 2017 – 2025, promising growth at 5.1% CAGR, according to Transparency Market Research
According to the latest market report published by Transparency Market Research titled ‘Personalized Packaging Market‘: Global Industry Analysis and Forecast 2017-2025’, global personalised packaging market attained a value worth $25,577.9m in 2017 and will possibly thrive at a promising CAGR of 5.1% over the forecast period (2017-2025).
The global personalised packaging market has witnessed solid growth during the past few decades, owing to the increasing trend of luxury packaging. The increasing customisation in packaging across the nations has given a major boost to the personalised packaging market.
Among packaging types, the bottles segment is expected to dominate the market during the forecast period, with an estimated market value share of 24.0%, in 2017. However, bags & pouches segment is expected to be the most attractive segment in terms of growth rate during the forecast period.
Among end-use segments, beverages segment is expected to dominate the market throughout the forecast period. Increasing customisation in beer glass bottles is expected to boost the growth in the personalised packaging market.