Luxury Gift Boxes- Market Scope
Luxury gift boxes refers to high-end, premium gift boxes that are designed for special occasions and gifts. These boxes typically feature high-quality materials, such as thick paper or cardstock, satin ribbons, and sturdy construction They may also offer customization options, such as the ability to add a personalized message or design. Luxury empty gift boxes are ideal for gifts that require a special touch, such as wedding presents, birthday gifts for a loved one, or corporate gifts. They can also be used to package high-end products, such as jewellery, cosmetics, or gourmet food items.
|Unit||Value (USD Million)|
|Key Companies Profiled||Luxury Gourmet Private Limited (India), The British Gift Co. (United Kingdom), Givenly.com (United States), Corporategift.com (United Kingdom), Ferns N Petals (India), Gift My Client (Canada), The Mansion House of Gifting (United Kingdom), Sage & Gifts (Singapore), Marigold & Grey (United States) and Teak & Twine (United States)|
Luxury gift boxes market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. In addition close partnerships with brands aids in overall market growth.
Luxury Gourmet Private Limited (India), The British Gift Co. (United Kingdom), Givenly.com (United States), Corporategift.com (United Kingdom), Ferns N Petals (India), Gift My Client (Canada), The Mansion House of Gifting (United Kingdom), Sage & Gifts (Singapore), Marigold & Grey (United States) and Teak & Twine (United States) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Luxury Gift Boxes- market by Type , by Application (Cosmetic and fragrance, Premium alcoholic drink, Watches, Jewellery and Others) and Region with country level break-up.
On the basis of geography, the market of Luxury Gift Boxes- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
In April 2023, Ferns N Petals Bring Valentine’s Day Collection For Loved Ones Valentine's Day celebration is incomplete without a cake, the brand extends a helping hand and offers various options under this category. Some of the favourites are designer cake, photo cake, red velvet cake, and chocolate cake.
Influencing Trend:Increasing Options for Customization and Personalization in Gifting
Market Growth Drivers:Rising Disposable Income of the Population and Growing E-Commerce Industry Coupled With Increasing Accessibility
Challenges:Changing Consumer Preferences
Restraints:High Production Costs
Opportunities:Increasing Use of Innovative Materials for Gifting
Key Target AudienceGovernment and private laboratories, Market research and consulting service providers, Government Agencies, End User Industry and Others