According to Cognitive Market Research, The Global luxury gift packaging market size is USD 17.8 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 5.50% from 2023 to 2030.
The demand for luxury gift packaging is rising due to the numerous strategies adopted by key participants.
Demand for cosmetics and fragrances remains higher in the luxury gift packaging market.
The offline sales category held the highest luxury gift packaging market revenue share in 2023.
North American luxury gift packaging will continue to lead, whereas the Asia Pacific luxury gift packaging market will experience the most substantial growth until 2030.
