The jewellery box market is poised for substantial growth over the forecast period from 2024 to 2034, according to recent market analysis. Estimated at USD 153.1 million in 2023, the market is anticipated to grow at a compound annual growth rate (CAGR) of 3.6%, reaching a projected valuation of USD 223.4 million by 2034.
Jewellery boxes serve as essential accessories for storing and organizing precious ornaments, making them a staple in the personal accessories industry. The market’s growth is driven by increasing consumer disposable incomes, rising fashion consciousness, and the growing trend of gifting jewellery items, thereby boosting the demand for aesthetically appealing and functional jewellery storage solutions.
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The jewellery presented in the jewellery box on the display helps in gaining the attraction of the customer. The jewellery box can be customized which is gaining immense popularity among the jewellery manufacturers. The jewellery box can be used for different jewellery products such as necklace, ring & earrings, bracelet, watch, and others.
Moreover, the jewellery is a premium product the attractive and protective packaging box becomes the best suitable packaging option for the jewellery products. The jewellery box also offers the customer the experience of unboxing the product which is majorly trending among the customers due to social media influence. Overall, the jewellery box market is anticipated to expand during the forecast period at a faster pace with the expanding jewellery sector.
Key Takeaways from Jewellery Box Market
· Based on the material, the paper segment is estimated to hold around 57% of the market value share by the end of 2022.
· The ring & earrings segment is projected to expand 1.6x the current market value during 2022-32.
· By distribution channel, the retail store is projected to create an incremental opportunity of US$ 32.2 Mn during the forecast period.
· North America and East Asia are estimated to account for 55% of the total sales in jewellery box market in 2022.
· India is expected to be the most lucrative jewellery market in South Asia owing to the growing preference for premium jewellery items
“Rising preference for eye-catching & protective packaging solutions in the luxury product industry including jewellery will augment the sales of the jewellery box.”– says FMI analyst
Surging Trend for the Protective & Appealing Packaging Solution Bolster the Demand for the Jewellery Box
The packaging of luxurious products such as jewellery, perfumes, and others is the major concern among the seller. The luxury product needed to be packed in protective as well as attractive packaging solutions such as a box. As the customers are willing to pay more for the
stylish box as it offers a customer experience while unboxing the product. Also, it is best suitable for showcasing the product to anyone. The jewellery box protects the product from any damage. The jewellery box can be customized as per the size and requirement which gains attraction among the jewellery manufacturers and sellers. This helps in creating the brand image in the mind of customers. Overall, the jewellery box offering protection to the product along with increasing customer experience bolster the demand for the same during the forecast period.
Jewellery Box Market Landscape
Dahlinger GmbH and Co KG, Potters Limited, Holmen AB ADR, McLaren Packaging Ltd., Taylor Box Company, and Thomas Sabo GmbH, Company KG are the key players operating in the jewellery box market. Some the noticeable players in the jewellery box market include Westpack, Gunther mele limited, tockpak, Finer Packaging, Wellery Boxes, Sacher & Co. GmbH, American Chest Company, and others. The key players in the tier 1 holds around 10-15% of the global jewellery box market.
Jewellery Box Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global jewellery box market, analysing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the jewellery box based on the material (wood, leather, paper, metal, glass, and plastic), distribution channel (offline (hypermarket & supermarket, retail stores, convenient stores, and other offline sales) and online), and application (necklace, ring & earning, bracelet, watch and other applications (anklets, nose pin, etc.)) across seven regions.
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Jewellery Box Market by Category:
By Material:
- Wood
- Leather
- Paper
- Metal
- Glass
- Plastic
By Distribution Channel:
- Offline
- Hypermarket & Supermarket
- Retail Store
- Convenient Store
- Other Offline Store
- Online
By Application:
- Necklace
- Bracelet
- Ring & Earring
- Watches
- Other Applications (Anklets, Nose Pin, etc.)
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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