Global Leather Jewellery Box Market is expected to create a valuation of US$ 12.4 Mn in 2022
According to Future Market Insights research, during the forecasted period, the global leather jewellery box market is expected to create a valuation of US$ 12.4 Mn in 2022, and further expand at a CAGR of 4.9% to reach US$ 20.0 Mn by 2032.
Based on the partition, the without-partition segment is expected to remain the leading segment for the global leather jewellery box market. The same segment is estimated to account for around 62% of the market value share by the end of 2032.
The global leather jewellery box market forms around 7-9% of the overall jewellery box market worth US$ 147.0 Mn in 2021.
According to the FMI analysis, the leather jewellery box market totaled revenue of US$ 11.9 Mn in 2021 and is estimated to be worth US$ 20.0 Mn by the end of the next ten years, expanding at a CAGR of 4.9% during 2022-2032. The sales of leather jewellery box will boost with the top 3 countries estimated to hold 25-30% of the global leather jewellery box market by the end of 2022.
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The key players for leather jewellery box are trying to capture the market by expanding their presence and launching new leather jewellery box. The key players are adopting collaboration or partnership strategies to expand their resources and footprint. Some of the latest developments by the key players are as follows –
- In January 2022, Guangdong Deqi Packaging Co., Ltd. signed a cooperation agreement with the China Foreign Trade Center Group and will be the packaging and printing supplier of the China Import and Export Fair (Canton Fair) from 2022 to 2025.
Key Companies Profiled
- Guangdong Deqi Packaging Co., Ltd.
- Westpack A/S
- SACHER & Co. GmbH
- Keep Promise Packaging Industrial Co., Ltd.
- THE JEWELLER’S BOX COMPANY
- Dahlinger GmbH and Co KG
- LEATHER TALKS
- HIPC VIETNAM
- AGB Box Production Export Import Industry Co. Ltd.
- Sunford Corporation Ltd/S.C.Ltd
- Banbros Exports Pvt. Ltd.
Historic Market Outlook for Leather Jewellery Box Market
The global leather jewellery box market witnessed a growth rate of 4.3% during 2015-2021 and reached US$ 11.9 Mn in 2021. leather jewellery box are useful for storing and organizing bracelets, necklaces, earrings, and rings, as well as keeping precious stones safe. Consumers with increased purchasing power now own multiple pieces of jewellery; a leather jewellery box aids in keeping all of the pieces tidy and neatly organized. The jewellery market has seen significant growth in recent years, which has boosted the market for leather jewellery box.
When making the buying choice of jewellery, the quality of the packaging of that product also plays a crucial role in the decision-making process. The increasing demand for jewellery to keep that jewellery safe from any kind of damage is anticipated to boost the demand for the leather jewellery box market during the forecasted period.
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Which Factors Drive the Demand for Leather Jewellery Box?
The packaging of luxury items such as jewellery, perfumes, and other items is a major concern for sellers and manufacturers. The luxury item needed to be packaged in appealing packaging, such as a box. Keeping the competitive edge in mind, leather jewellery box manufacturers are introducing innovative and aesthetic looks boxes to boost their customer base.
Boxes are used not only to protect a product from losses but also help to advertise and branding of that product. Customers are willing to pay more for the stylish box because it provides a unique customer experience while unboxing the product. The leather jewellery box can be customized according to size and requirements, which attracts jewellery manufacturers and sellers. This aids in the creation of the brand image in the minds of customers. Overall, the leather jewellery box offers protection to the product along with enhancing customer experience boosting the demand for the same during the forecast period.
Leather Jewellery Box by Category
By Partition, Leather Jewellery Box are Segmented as:
- With Partition
- Without Partition
By Distribution Channel, Leather Jewellery Box Market is Segmented as:
- Hypermarket & Supermarket
- Retail Store
- Convenient Store
- Other Offline Store
By Application, Leather Jewellery Box are Segmented as:
- Ring & Earring
- Other Applications (Anklets, Nose Pin, etc.)
By Region, Leather Jewellery Box Market is Segmented as:
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa (MEA)
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Published Wed, 28 Dec 2022 07:25:36 -0600