The Global Flame Retardant Fabrics Market has recently been analyzed and explored by Fortune Business Insights™ in their latest market research report. The team of dedicated analysts and researchers has gone to great lengths to provide a comprehensive overview of both current and future scenarios pertaining to the Flame Retardant Fabrics Market. As a result, this report is packed with valuable insights that will be highly advantageous for industry players looking to maintain a competitive edge.
Flame retardants fabrics are chemically treated fabrics which are used to reduce the flame whenever exposed to the fire. These fabrics play an important role in the prevention of ignition and also in combustion process. They offer efficacy which makes them an ideal option for various apparel and non-apparel applications. Increase in the budget for the defense is expected to boost the market growth.
F ortune Business Insights ™ shares this information in its report titled “ Flame Retardant Fabrics Market, 2025-2032.”
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Forecast Growth Projected:
The global flame retardant fabrics market size was valued at USD 1,537.45 million in 2023. The market is expected to grow from USD 1,608.10 million in 2024 to USD 2,349.89 million by 2032 at a CAGR of 4.9% during the forecast period.
List of the Key Players in the Flame Retardant Fabrics Market:
- Jason Mills, LLC (U.S.)
- Klopman International (Italy)
- Naizil Coated Fabrics (Canada)
- Sunscreen Mermet (France)
- Syensqo (Belgium)
- TenCate Protective Fabrics (U.S.)
- Tex Tech Industries (U.S.)
- Texfire (Spain)
- Unique Safety Services (India)
- Westex (U.S.)
Segmentation
Non-Apparel Segment Led The Market Owing To Numerous Applications
On the basis of the application, the market is divided into apparel and non-apparel. Non-apparel segment led the market share as these fabrics are ideal for numerous applications and they are used in draperies, upholstery, institutional & commercial carpets, transportation, and bedding. Non-apparel helps in the reduction of the fire and offer more time for the escape.
Home Textiles Led In 2023 Owing To High Efficacy Of Flame Retardants Fabrics
On the basis of end use, the market is classified into home textiles, industrial, defense & public safety services, transport, and others. Home textiles was the leading segment in 2023 with the share of 29.7% owing to flame retardants fabrics’ efficacy in fire safety of home textile products such as curtains, drapes, carpets, bedding, etc.
Based on geography, the market is segmented into North America, Latin America, Europe, the Asia Pacific, and the Middle East & Africa.
Report Coverage
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
Drivers and Restraints
Demand For Multidimensional Fabrics To Propel The Market Growth
Demand for multidimensional fabrics is set to drive the flame retardants fabrics market growth. There are numerous studies which shows the properties of evolving fabrics not limited to self-cleaning, super-hydrophobicity, preventing antibacterial activity, or even crease recovery. In addition, developments in the nanotechnology has led to the development of cotton fabrics that have unique properties by using silica nanoparticles.
Competitive Landscape
Market Players Are Making Passive Investments in Alternatives for the Product
The market for flame retardant fabrics has Jason Mills, LLC, Westex, Klopman International, and Unique Safety Services. Consumer proclivity for inherent flame retardant fabrics, which is an alternative to the market product is attracting investments from above mentioned key players.
Key Industry Development:
July 2024 – TenCate Protective Fabrics and PBI® launched PBI® Peak5®, a lightweight outer shell for firefighting gear in Europe. Featuring Enforce® technology, it offers high durability and thermal protection, meeting EN, ISO, ASNZ, and NFPA standards.
May 2023 – TenCate introduced Tecasafe® 360+, the first inherently flame-resistant stretch fabric. Made with FR materials and XLANCE® fibers, it provides improved comfort and protection for workwear.
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According to Fortune Business Insights the global geofoam market size was valued at USD 1.09 billion in 2023. The market is projected to grow from USD 1.14 billion in 2024 to USD 1.73 billion by 2032, exhibiting a CAGR of 5.3% during the forecast period. Geofoam has ultra-low density and is lighter in weight compared to traditional fill materials such as gravel and soil. The product is extensively used for enhancing embankment stability and preventing soil settlement in road construction projects, which is set to favor market expansion over the ensuing years.
Fortune Business Insights™ provides this information in its research report, titled “Geofoam Market, 2025-2032”.
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Segmentation:
EPS Geofoam Segment Recorded Key Share Owing to High Product Adoption for Soft Soil Conditions
By product, the market is bifurcated into XPS geofoam and EPS geofoam. The EPS geofoam segment registered a leading share in the market in 2023. The product is considered ideal for soft soil conditions owing to the possibility of excessive settlement associated with traditional fill materials.
Road & Highway Construction Segment Held Dominant Share Driven by Infrastructure Development
On the basis of application, the market is subdivided into building & infrastructure, airport runways & taxiways, road & highway construction, and others. In 2023, the road & highway construction segment captured a major market share due to growing investments in infrastructure development.
In terms of geography, the market has been studied across Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa.
Report Coverage:
The report enlists the key driving factors and the latest trends in the market. It further provides a comprehensive analysis of the global business scenario based on various segments: application, product, and geography. The competitive landscape of the market has also been provided in the report.
Drivers and Restraints:
Mounting Demand for Sustainable and Lightweight Materials to Propel Industry Growth
There has been a greater emphasis on the use of sustainable and lightweight materials across the civil engineering and construction industries. Geofoam is a sustainable option as it has a long lifespan and exhibits durability and recyclability. Besides, it is lighter compared to traditional fill materials and helps reduce the load on substructures. These factors are poised to drive industry expansion.
Nonetheless, the high initial cost of the product may restrain geofoam market growth.
Regional Insights:
North America Recorded Major Share Due to Presence of Advanced Construction Sector
The North America market accounted for a leading position in the global market in 2023 and is set to hold the largest share over the projection period. The presence of strict environmental regulations and the presence of an advanced construction sector are key factors impelling the dominance of the region.
The growing need for modern infrastructure and rapid urbanization are driving product demand in Europe. The product finds application in several areas such as foundation insulation, embankments, and road construction.
Competitive Landscape:
Leading Players Introduce New Products to Outpace their Competitors
Pivotal players are developing new products to secure an edge over their competitor companies. They are also implementing other strategies to augment their geofoam market share. A few of these steps comprise plant expansions and strategic mergers.
Key Industry Development:
August 2020 – Amvic Building System introduced Envirostap, a rigid foam insulation product with integrated strapping. The product can be used for frost walls, exterior foundation walls, and other applications.
List of Key Players Mentioned in the Report:
- Geofoam International LLC (U.S.)
- Insulfoam (U.S.)
- Expol Ltd (New Zealand)
- Benchmark Foam, Inc. (U.S.)
- Foamex (Australia)
- Atlas Molded Products (U.S.)
- Poly Molding (U.S.)
- Insulation Company of America, LLC (U.S.)
- Legerlite (Canada)
- GALAXY POLYSTYRENE LLC (UAE)
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According to Fortune Business Insights the global permanent magnet market size was valued at $17.85 billion in 2018 and is projected to grow $34.70 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 8.7% during the 2019-2026 forecast period. A permanent magnet is an object that possesses magnetic properties even in the absence of a magnetic field. They have two magnetic ends called the north pole and south pole respectively. They are used in different types of motors such as loudspeakers, various appliances, HVAC, and others.
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Permanent Magnet Market Segmentation Analysis:
By Type:
The market is segmented into neodymium iron boron (NdFeB), ferrite, samarium cobalt (SmCo), aluminum nickel cobalt (Alnico), and others. NdFeB magnets hold the largest share due to their high performance, compact size, and cost efficiency. They are widely used in electric motors and power tools, with growing demand driven by green technology initiatives and limited substitutes.
By Application:
The market is categorized into consumer electronics, automotive, general industrial, medical devices, energy, and others. Consumer electronics lead the segment, fueled by rising disposable incomes, tech advancements, and increasing demand for devices like mobile phones, air conditioners, and loudspeakers.
Market Drivers:
Increasing Popularity of Hybrid Vehicles will Add Impetus to Market
Various factors are responsible for the permanent magnet market growth. These include the increasing demand for various electronic devices such as television, laptops, music systems, and smartphones, coupled with the rise in need for more energy for consumption. This, coupled with the growing demand from the automotive sector will also aid in the expansion of the market in the forecast period. Besides this, the advancement in technology and use of neodymium iron boron (NdFeB) for various applications such as domestic appliances and wind turbines, and other electronic equipment such as speakers are likely to bode well for the market in the coming years.
Competitive Landscape:
Companies Expanding Base in China to Earn High Revenue
A large portion of permanent magnets is produced in China, thus making this region account for more than 70% of the overall production volume. Owing to this factor, a large number of producers in the market are aiming at expanding their territory in this nation for earning better revenues. Besides this, players are investing massively on resources and development of customized permanent magnet products to suffice to the needs of their consumers. Apart from this, manufacturers are adopting various strategies such as collaborations with other companies, joint ventures, agreements, and contracts for increasing their product portfolio, thereby gaining a competitive edge in the market.
List of Notable Market Manufacturers are:
- Hangzhou Permanent Magnet Group
- Electron Energy Corporation
- Anhui Earth-Panda Advance Magnetic Material Co., Ltd.
- TDK Corporation
- Tengam Engineering, Inc.
- Daido Steel Co., Ltd.
- Bunting Magnetics Co.
- Arnold Magnetic Technologies Corp.
- Alpha Magnet
- Shin-etsu Chemical Co., Ltd.
- Tridus Magnetics and Assemblies
- Adams Magnetic Products Co., Inc.
- Ningbo Yunsheng Co. Ltd.
- Hitachi Metals, Ltd.
- Integrated Magnetics
Key Industry Developments:
April 2019 – Bunting Magnetics launched the ElectroMax Overband Magnet at Bauma. This new product is designed to meet customer demand for lighter, more compact electro overband magnets.
February 2019 – Arnold Magnetic Technologies opened a new R&D facility at its MGE Innovation Center in Wisconsin, U.S. The advanced center enables rapid prototyping of permanent magnets, thin metals, electromagnetics, and engineered assemblies.
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According to Fortune Business Insights the global cathode materials market size was valued at USD 38.47 billion in 2024. The market is projected to grow from USD 44.78 billion in 2025 to USD 135.73 billion by 2032 at a CAGR of 17.2% during the forecast period. The cathode in a battery is composed of cathode materials that function as efficient oxidizing agents. Common materials used in cathodes include metallic oxides such as copper oxide, lithium oxide, graphite oxide, and lithium manganese oxide (LMO). These materials belong to a broader class of electrode materials used in lithium-ion batteries. Additionally, polyanionic compounds are employed as cathode materials in sodium-ion batteries due to their excellent stability, safety, and suitable operating voltages.
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Cathode Materials Market Segmentation Analysis:
By Battery Type
The market is segmented into lithium-ion batteries (including LFP, NMC, NCA, and others), lead-acid batteries, and others. Lithium-ion batteries dominated the global cathode materials market in 2024 due to their high energy density and efficiency. These rechargeable batteries, commonly used in EVs, rely heavily on cathode materials to determine performance. The rising demand for electric vehicles is expected to drive further growth in this segment.
By End Use
Based on end use, the market includes automotive, consumer electronics, energy storage systems, power tools, and others. The automotive sector led the market in 2024, supported by the growing shift from fossil fuels to electric mobility. Increasing EV adoption and supportive government initiatives, such as India’s FAME II scheme with a USD 1,200 million budget, are expected to boost demand in this segment during the forecast period.
Drivers and Restraints:
The electric vehicle (EV) market is rapidly growing in China, Europe, and the U.S., driven by rising demand, government subsidies, and zero-emission policies. Leading automakers like Tesla, BYD, and Volkswagen are increasing battery procurement. At the same time, advancements in lithium-ion and solid-state battery technologies are enhancing performance and charging speed. The rise of renewable energy sources like solar and wind is fueling demand for utility-scale energy storage systems.
The battery market faces key restraints, including volatile prices of raw materials like lithium, cobalt, and nickel, which raise production costs. Supply chain disruptions caused by geopolitical tensions and mining restrictions further impact material availability. Additionally, environmental and ethical concerns surrounding mining practices, especially in cobalt and lithium extraction, are drawing increased scrutiny.
Competitive Landscape:
Key players in the global cathode materials market include LG Chem, NEI Corporation, POSCO, Shanshan Co., Sumitomo Metal Mining, and Umicore. These companies focus on product innovation and both organic and inorganic growth strategies to expand their market share. The market is moderately consolidated, with leading players maintaining dominance due to advanced technologies and large production capacities. While governments are supporting local manufacturers, established players are expected to retain their lead due to economies of scale and strong domestic presence.
List of Key Players Mentioned in the Report:
- LG Chem (South Korea)
- NEI Corporation (U.S.)
- Nippon Denko Co., Ltd. (Japan)
- POSCO (South Korea)
- Shanshan Co (China)
- Shenzhen Dynanonic Co., Ltd. (China)
- Sumitomo Metal Mining Co., Ltd. (Japan)
- Targray (Canada)
- Umicore (Belgium)
- Zhejiang Huayou Cobalt (China)
Key Industry Developments:
July 2024: LOHUM, India's sole producer of Nickel Manganese Cobalt (NMC)-based cathode active materials, announced plans to expand its recycling capacity from 5 GWh to 30 GWh over the next three years.
December 2023: Himadri Specialty Chemical unveiled plans to develop a lithium iron phosphate (LFP) production facility in India in multiple phases over 5–6 years. The project, with an estimated investment of USD 130.4 million, will begin with Phase 1, targeting an initial production capacity of 40 kilotons.
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According of Fortune Business Insights the global architectural window films market size was valued at USD 3.22 billion in 2021. The market is projected to grow from USD 3.34 billion in 2022 to USD 4.59 billion in 2029, exhibiting a CAGR of 4.6% during the forecast period. Architectural window films are thin laminate layers made from materials like polyester, vinyl, ceramics, and plastic, applied to windows in homes, offices, vehicles, and more. They allow natural light while blocking harmful UV rays. Driven by rising demand for energy-efficient buildings, these films reduce energy use, cut maintenance costs, and support green building goals, boosting their adoption in both residential and commercial spaces.
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Segmentations:
Sun Control Film Segment Leads the Market Due to Increased Preference from Residential Buildings
By product type, the market is categorized into sun control film, decorative film, safety & security film, privacy film, and others. The sun control film segment is expected to lead the market during the forecast period due to these films' various properties and abilities.
Residential Segment to Lead Global Market Due to Rapid Urbanization
Based on application, the market is bifurcated into residential and commercial. The residential segment is expected to dominate the global market due to the increasing demand for sun control and decorative films.
Geographically, the market share is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Drivers & Restraints:
High Demand for Energy Efficient Housing Systems to Propel Growth
The demand for architectural window films is expected to surge during the projected period due to the increasing need for these films from the residential sector. Also, the rising adoption of switchable smart films is anticipated to drive the market in the coming years. Furthermore, the rising adoption of energy-efficient housing systems is anticipated to fuel the market growth by supporting the green building initiative introduced by governments.
Regional Insights:
Asia Pacific Dominates Global Market Due to Rapidly Developing Construction Sector
Asia Pacific holds the dominant global architectural window films market share due to the rapidly growing construction industry. The regional market share was valued at USD 1.47 billion in 2021. Increasing population and rapid urbanization in developing countries are expected to bolster the regional market growth.
Europe stands at the second-highest global market position due to the rising expansion of small-scale businesses. Also, rising infrastructure development and renovation of government offices are anticipated to drive the market.
Competitive Landscape:
New Product Launch Allow Companies to Improve their Business Performance
The leading market players focus on forming strategic alliances to introduce new products and expand their production lines globally. The key players adopt latest technologies to launch new products according to consumer demands and requirements from end-use industries.
Key Industry Development:
- April 2022: Avery Dennison launched all-new Dusted Crystal decorative architectural window films. The film has a unique, first-to-market wet-apply quick-release adhesive that allows it to be adjusted during installation and readily removed after drying, leaving almost little trace on the glass. This launch will help the company serve its products in schools, corporate meeting spaces, hospitality reception areas, medical offices, and glass partition applications.
List of Key Players Profiled in the Report :
- SAINT-GOBAIN (France)
- 3M Company (U.S.)
- Eastman Chemical Company (U.S.)
- Avery Dennison Corporation (U.S.)
- LINTEC Corporation (Japan)
- Toray Plastics (America) Inc. (U.S.)
- Madico Inc. (U.S.)
- Reflectiv (France)
- Garware Suncontrol (India)
- Dexerials Corporation (Japan)
- Armolan Window Films USA (U.S.)
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Global Industrial and Institutional Cleaning Chemicals Market Demand & Forecast 2025–2032
By Pallavi G, 2025-07-10
According to Fortune Business Insights the global industrial and institutional cleaning chemicals market size was USD 47.25 billion in 2019 and is projected to reach USD 68.16 billion by 2027, exhibiting a CAGR of 4.7% during the forecast period. The industrial and institutional cleaning chemicals market accentuates a profound study of the industry, while shedding light on vital facts and figures. It also offers insightful data about dominant regions, policies adopted by governments and companies, besides providing a brief overview of the market with future insights. The report also encompasses critical factors exhibiting growth. In addition, the COVID-19 impact is also covered in the report.
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Industrial and Institutional Cleaning Chemicals Market Segmentations:
By Product Type:
The market is segmented into general-purpose cleaners, floor care, warewashing, disinfectants & sanitizers, laundry care, and others. General-purpose cleaners led the market in 2019 due to their wide use in degreasing and sanitation at a low cost. Disinfectants & sanitizers are expected to grow rapidly, driven by rising hygiene demands in the food & beverage industry.
By End-User:
End-users include commercial, manufacturing, and institutional & governmental sectors. The commercial segment dominates due to rising hygiene awareness, especially post-COVID. The manufacturing segment is set for strong growth, with increasing use of cleaning chemicals for equipment maintenance and contamination control in food & beverage facilities.
Market Driver :
Rising Consumption of Cleaning Chemicals to Bolster Growth
The heavy demand for cleaning chemicals for commercial use will have a tremendous impact on the global market during the forecast period. The increasing emphasis on health and hygiene will enhance the application of cleaning chemicals in various industries, which, in turn, will augur well for the market. The growing demand from the hospitality industry, including restaurants and hotels, to offer world-class services to its consumers, will further incite the market's development in the forthcoming years. Moreover, the increasing disposable income coupled with high consumer spending on tourism activities will subsequently spur opportunities for the market. Besides, the rising sanitation standards at the workplace, especially in developed nations, will further aid expansion of the market. In addition, the growing number of initiatives associated with cleanliness will boost the industrial and institutional cleaning chemicals market growth.
Increasing Cognizance About Sanitation to Uplift Market Amid Coronavirus
The growing awareness among consumers regarding sanitation and cleanliness, particularly to curb the spread of viruses will fuel demand for cleaning chemicals. The need for chemicals in industrial and manufacturing sectors to maintain hygiene will positively impact the market during coronavirus. Hospitals' necessary precautions to dampen the virus transmission have resulted in a significant rise in cleaning chemicals. However, lockdown and supply chain disruption has resulted in reduced manufacturing capacities, which, in turn, has retarded the growth of the market during COVID-19 pandemic.
Regional Analysis :
Heavy Demand from Hospitality Industry to Influence Growth in North America
The market size in North America is expected to experience a rapid growth rate owing to the inflated demand from the hospitality industry. The growing demand for disinfection and sanitation products due to COVID-19 outbreak has increased the consumption of the industrial and institutional cleaning chemicals in North America. The market in Asia Pacific is likely to proliferate during the forecast period due to the heavy demand from healthcare, retail, food service, and manufacturing industries. Europe is expected to rise rapidly owing to the rising demand from the food & beverage industry. Stringent hygiene and sanitation standards at manufacturing facilities, and workplace can create opportunities for the market in the region. Latin America and the Middle East & Africa are expected to experience a considerable growth rate due to the growing knowledge about preventing hospital-acquired infections in the region.
Key Development :
18 November, 2020 : Kimberly-Clark Foundation introduced the 'Toilets Change Lives' program to support sanitation solutions in 10 countries during the pandemic outbreak.
The Report Lists the Key Players in the Market for I ndustrial and Institutional Cleaning Chemicals:
- The Procter & Gamble Company (U.S.)
- The Clorox Company (U.S.)
- Kimberly-Clark Corporation (U.S.)
- Ecolab (U.S.)
- Diversey Inc. (U.S.)
- Dow (U.S.)
- Graham Chemical Corporation (U.S.)
- Croda International plc (UK)
- BASF SE (Germany)
- Brenntag (Germany)
- Clariant SA (Switzerland)
- Solvay SA (Belgium)
- Other Players
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The Global Coated Fabric Market has recently been analyzed and explored by Fortune Business Insights™ in their latest market research report. The team of dedicated analysts and researchers has gone to great lengths to provide a comprehensive overview of both current and future scenarios pertaining to the Coated Fabric Market. As a result, this report is packed with valuable insights that will be highly advantageous for industry players looking to maintain a competitive edge.
The report also highlights limiting factors and regional industrial presence that may impact market growth trends beyond the forecast period of 2032. The market research aims to gain a complete understanding of the industry's potential and provide information that will help companies to make informed decisions. The Coated Fabric Market Report is an impressive 100+ page document that includes a comprehensive table of contents, a list of figures, tables and graphs, as well as a comprehensive analysis.
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Forecast Growth Projected:
The global coated fabric market size was USD 34.89 billion in 2018 and is projected to reach USD 49.41 billion by 2026, exhibiting a CAGR of 4.5% during the forecast period.
Coated Fabric Market Segmentations:
By Product:
The coated fabric market is segmented into polymer coated, rubber coated, and fabric-backed wall coverings. Polymer coated fabrics dominated in 2018 due to high demand in automotive protective clothing. These fabrics, made with polymers like PVC, PU, and polyethylene, offer durability, flexibility, and resistance to oil, abrasion, and water—ideal for use in seatbelts, airbags, and vehicle interiors.
By Application:
Applications include transportation, protective clothing, furniture, industrial, and others. The transportation segment holds the largest share, driven by rising vehicle sales and infrastructure development. Coated fabrics are widely used in automotive interiors and safety components like airbags, with growth supported by strict safety regulations and increased demand for passenger and commercial vehicles.
List of the Key Players in the Coated Fabric Market:
- SRF Limited
- J K Texbond Pvt. Ltd.
- Ajy Tech India Pvt. Ltd
- B&V Membrane
- Fothergill Group
- Saint-Gobain Performance Plastics
- Low & Bonar
- Sioen Industries NV
- MarvelVinyls
- Trelleborg
- Bobet Group
- CANADIAN GENERAL TOWER
- Other Key Players
Competitors Landscape:
The realm of Coated Fabric Market is rife with cutthroat competition and fragmentation, a result of the considerable presence of both global conglomerates and domestic contenders. Industry insiders situated in diverse geographical regions are formulating and executing effective strategies to exploit unexplored opportunities and extend their business outreach. In this highly aggressive environment, prominent players are aggressively pursuing tactics to enhance their market share through various channels.
What are the New Additions in Coated Fabric Market Report?
Comprehensive Market Analysis : The 2023 report provides a detailed industry overview, analyzing key market trends, growth drivers, challenges, and opportunities. It covers various sectors within the industry and offers insights into market size, market share, and market segmentation.
Company Profiles : The report includes additional in-depth information on key company players operating in the industry. It offers detailed profiles of these companies, highlighting their financial performance, product portfolios, strategic initiatives, partnerships, and competitive landscape analysis.
Customization and Analyst Support : The report offers customized services and analyst support upon request. This may include tailored research, specific data requirements, or personalized insights based on the client's needs and preferences.
Recent Market Developments : The report incorporates the latest market developments that have occurred since the previous edition. It includes recent mergers and acquisitions, product launches, collaborations, regulatory changes, and other significant events shaping the industry landscape.
Futuristic Growth Opportunities : The report identifies and presents future growth opportunities in the industry. It explores emerging technologies, market trends, consumer preferences, and regulatory factors that are expected to drive growth and innovation in the coming years.
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According to Fortune Business Insights the global luxury packaging market size was valued at USD 17.98 billion in 2023 and is projected to be worth USD 18.79 billion in 2024 and reach USD 28.23 billion by 2032, exhibiting a CAGR of 5.22% during the forecast period. Luxury packaging is a state-of-the-art style of packaging that increases the overall visual appeal of a product and also helps companies improve their brand image. Several market players have started using digital technologies to improve the overall visual appeal of the packaging materials. A robust rise in the number of customers opting for online shopping is one of the key factors accelerating the market’s growth.
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Segmentation:
Paper & Paperboard Widely Used in Luxury Packaging Products Due to Their Recyclability and Sustainability
Based on material, the market is segmented into paper & paperboard, metal, glass, plastic, and others. The paper & paperboard segment has captured the largest share of the market as this material offers various lucrative features, such as high recyclability and sustainability, making it a preferred choice among brands wanting to become eco-friendly.
Demand for Boxes & Cartons Rises Owing to Their Customizability
Based on product type, the market is segmented into boxes & cartons, bottles, bags & pouches, cans & jars, and others. The boxes & cartons segment is dominating the global luxury packaging market share as these products offer brands the option to customize their packaging in different ways to help them stand out from their competitors.
Report Coverage:
The report has conducted a detailed study of the market and highlighted several critical areas, such as leading materials, product types, end uses, and key market players. It has also focused on the latest market trends and the key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.
Drivers and Restraints:
- Rising Demand for Premium Consumer Goods : Growth in high-end personal care, cosmetics, perfumes, and fashion accessories is driving the need for luxury packaging.
- Brand Differentiation and Customer Experience : Packaging plays a key role in luxury branding, enhancing consumer perception and loyalty.
- Sustainability Trends : The rising demand for eco-friendly luxury packaging materials is reshaping innovation and design.
- E-commerce Boom in High-End Retail : Premium brands are investing in luxury packaging to ensure safe delivery and unboxing appeal.
- High Cost of Luxury Packaging : Customization, premium materials, and limited production runs elevate costs.
- Counterfeit Products : Challenges in ensuring authenticity and security in packaging for premium goods.
- Regulatory Pressures : Increasing regulations around plastic and packaging waste affect material choices
Regional Insights:
North America Dominates Global Market Due to Strong Expansion of Food & Beverage Sector
North America is dominating the global market owing to the robust expansion of the region’s food & beverage industry. An increasing number of customers are indulging in gourmet foods due to their rising disposable incomes, which will boost the need for luxurious packaging solutions.
Europe is holding the second-leading position in the global market due to a notable presence of several leading luxury brands.
Notable Industry Development:
July 2024 – Quadpack Industries announced a new project with PSB Industries, a private company, to merge Quadpack and PSB’s key subsidiary, Texen, into a single group. Texen, headquartered in Brion, France, is known for producing high-quality packaging products for the luxury perfumery and makeup markets. It has its factories in in France, Poland, the U.S., and Mexico.
LIST OF KEY COMPANIES PROFILED IN THE REPORT:
- DS Smith (U.K.)
- Ardagh Group (Luxembourg)
- Stoelzle Glass Group (Austria)
- WestRock (U.S.)
- Crown Holdings Inc. (U.S.)
- O-I Glass, Inc. (U.S.)
- Amcor Plc (Switzerland)
- IPL Packaging Inc. (China)
- Thou Luxury Packaging (India)
- Elegant Packaging (U.S.)
- HH Deluxe Packaging (U.K.)
- Lucas Luxury Packaging (Ireland)
- Prestige Packaging Industries (France)
- Pendragon Presentation Packaging (U.K.)
- Ekol Ofset (Turkey)
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