The global leather jewellery box market is expected to create a valuation of USD 12.4 Million in 2022, and further expand at a CAGR of 4.9% to reach USD 20.0 Million 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.
| Attributes | Details |
|---|---|
| Market Size 2022 | USD 12.4 Million |
| Market Size 2032 | USD 20.0 Million |
| Value CAGR (2022 to 2032) | 4.9% |
| Collective Value Share: Top 3 Countries (2022E) | 25%-30% |
The global leather jewellery box market forms around 7-9% of the overall jewellery box market worth USD 147.0 Million in 2021.
According to the FMI analysis, the leather jewellery box market totaled revenue of USD 11.9 Million in 2021 and is estimated to be worth USD 20.0 Million by the end of the next ten years, expanding at a CAGR of 4.9% during 2022 to 2032. The sales of leather jewellery boxes will boost with the top 3 countries estimated to hold 25-30% of the global leather jewellery box market by the end of 2022.
The leather jewellery box market is estimated to experience a positive growth outlook by the end of 2022. A new forecast by FMI estimates that leather jewellery box sales will rise during the forecast period and is projected to create a growth incremental growth opportunity of USD 8.1 Million.
The increased usage of jewellery is the major factor boosting the demand for leather jewellery boxes across the globe. The leather jewellery box market is projected to grow 1.7 times the current market value during 2022 to 2032.
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The global leather jewellery box market witnessed a growth rate of 4.3% during 2015 to 2021 and reached USD 11.9 Million in 2021.
leather jewellery boxes 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 boxes. 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.
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.
Principal Consultant
By distribution channel, the offline distribution channel segment is estimated to hold the major portion of the global leather jewellery box market. The target segment is projected to register a CAGR of 4.5% during the forecast period due to its sustainability benefit. The reason behind this is consumers are more concerned about how the jewellery will look on them which cannot be seen in online purchasing mode and also as jewellery is an expensive and luxurious product consumers won’t rely on the online distribution channel
The rings and earrings segment generates sturdy demand in the application industry because consumers are more inclined towards wearing small and delicate rings and earrings. People are not willing to wear big ornaments so the market for rings and earring is high. Wearing a ring can bring out the grace and delicateness of the hand. A ring is also worn as a sign of love and obedience.
Rings and earrings increase the beauty of humans especially women and earrings are also worn for religious beliefs, status symbols, and aesthetic reasons. The market share of rings and earrings is expected to hold 48%.
According to Jewellers of America, the USA has more than 8000 stores across the USA and this is still increasing day by day. Weddings are the primary reason for the huge consumption of gold because they have long been a part of Western culture. As gold can be used as a hedge against both inflation and deflation, as well as a good portfolio diversifier. Further, many people started investing their money in gold as they think is the best investment for the long term in the market which is the safe side when some want the money back in an emergency period. The USA is expected to hold around 82% market share of the North American jewellery box market during 2022 to 2032.
The Indian leather jewellery box market is projected to expand at a CAGR of 3.9% during the forecasted period. Gold and jewellery are an integral part of India, people are habituated toward wearing them. According to the World Gold Council, the gold industry contributes around 1.3% to the Indian GDP, and around 35% market share is acquired by chain stores in 2021. Thus, the higher demand for jewellery in India is anticipated to create a growth opportunity for the leather jewellery box market.
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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 -
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.9% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Partition, Distribution Channel, Application |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa (MEA); Oceania |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, UK, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia |
| 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; PIÑAVALL; AGB Box Production Export Import Industry Co. Ltd.; Sunford Corporation Ltd/S.C.Ltd; Banbros Exports Pvt. Ltd.; KLING GMBH; Noble Gift Packaging Ltd.; Malaguti Cases; Floriani astucci srl; The Cosimo Guide Case |
The global leather jewellery box market reached USD 11.9 Million in 2021.
The leather jewellery box market expanded at a CAGR of 4.3% during 2015 to 2021.
By 2032, the global leather jewellery box market is projected to reach USD 20.0 Million.
During 2022 to 2032, the global leather jewellery box market is anticipated to register a CAGR of 4.9%.
The leather jewellery box market is estimated to grow 1.7 times the current market value during the forecast period.
The leather jewellery box offers protection to the product along with enhancing customer experience boosting the demand for the leather jewellery box across the globe.
Guangdong Deqi Packaging Co., Ltd., Westpack Denmark, SACHER & Co. GmbH, Keep Promise Packaging Industrial Co., Ltd., THE JEWELLER'S BOX COMPANY, Dahlinger GmbH, and Co KG are the key players operating in the global leather jewellery box market.
As per the FMI analysis, the Indian leather jewellery box market is projected to expand at a CAGR of 3.9% during 2022 to 2032.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Partition 6.2. Distribution Channel 6.3. Application 7. Global Market Analysis and Forecast, By Partition 7.1. With Partition 7.2. Without Partition 8. Global Market Analysis and Forecast, By Distribution Channel 8.1. Offline 8.1.1. Hypermarket & Supermarket 8.1.2. Retail Store 8.1.3. Convenient Store 8.1.4. Other Offline Store 8.2. Online 9. Global Market Analysis and Forecast, By Application 9.1. Necklace 9.2. Bracelet 9.3. Ring & Earring 9.4. Watches 9.5. Other Applications (Anklets, Nose Pin, etc.) 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. South Asia 10.5. East Asia 10.6. Middle East & Africa (MEA) 10.7. Oceania 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. Middle East & Africa (MEA) Sales Analysis and Forecast, by Key Segments and Countries 17. Oceania Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Partition, Distribution Channel, and Application for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Guangdong Deqi Packaging Co., Ltd. 20.2. Westpack A/S 20.3. SACHER & Co. GmbH 20.4. Keep Promise Packaging Industrial Co., Ltd. 20.5. THE JEWELLER'S BOX COMPANY 20.6. Dahlinger GmbH and Co KG 20.7. LEATHER TALKS 20.8. HIPC VIETNAM 20.9. PIÑAVALL 20.10. AGB Box Production Export Import Industry Co. Ltd. 20.11. Sunford Corporation Ltd/S.C.Ltd 20.12. Banbros Exports Pvt. Ltd. 20.13. KLING GMBH 20.14. Noble Gift Packaging Ltd. 20.15. Malaguti Cases 20.16. Floriani astucci srl 20.17. The Cosimo Guide Case
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Leather Jewellery Box Market
