Jewelry Box Market to see Huge Growth by 2030

The global jewelry box market size was valued at $0.168 billion in 2022, and is projected to reach $0.244 billion by 2030, registering a CAGR of 5.5% during the forecast period (2023-2030). The high employment rate of the female population, which is the biggest consumer of jewelry boxes is a major factor supporting the market’s growth. For instance, according to the data published by the Office for National Statistics, in the UK, 15.66 million women aged 16 and over were employed from October to December 2022. This equates to 108,000 more women employed than the previous year. With high employment, the growth of female spending increases as well, which includes luxury items such as jewelry.

Additionally, the key market players, such as Cross Country Box Co., Inc., Dahlinger GmbH, E. W. Hannas, Inc., and Hanoi International Packaging Corp., among others, are also driving the market’s growth through various product launches and investments. For instance, in March 2023, Lamar Berko, founder, and CEO of LB Jewellers in London, launched a luxury, top-grain Italian black leather "generational" jewelry box with nine orange suede removable internal compartments suited for home or vacation usage. The case is 4 inches tall and 10.5 inches broad, making it large enough to hold a huge number of pieces. Additionally, in September 2022, VAHAN, a jewelry brand, partnered with Wolf, a manufacturer of luxurious jewelry cases. Under the partnership, Wolf will manufacture VAHAN’s signature color palette of white, gold, and purple jewelry boxes. The white exterior opens to expose a deep-purple interior made of Wolf's unique LusterLoc ultra-suede, which the brand claims does not tarnish for up to 35 years.

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Market Coverage           

•The Market Number Available for – 2023-2030

•Base year- 2023

•Forecast period- 2024-2031

Segment Covered- 

• By Product Type
• By Application

Regions Covered-

• North America
• Europe
• Asia-Pacific
• Rest of the World

•             Competitive Landscape- Cross Country Box Co., Inc., Dahlinger GmbH, E. W. Hannas, Inc., Hanoi International Packaging Corp., Finer Packaging, and others.   

Jewelry Boxes Market Report Segment

By Product Type

• Wood Boxes
• Paper Boxes
• Leather Boxes
• Glass Boxes 
• Metal Boxes

By Application

• Commercial Use 
• Personal Use
• Others

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Jewelry Boxes Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•Latin America

•Middle East and Africa 

Company Profiles 

• Amber Packaging
• Brown Wood, Inc.
• Cross Country Box Co., Inc.
• Dahlinger GmbH 
• E. W. Hannas, Inc.
• Finer Packaging Ltd
• Gunther Mele Ltd.
• Hanoi International Packaging Corp.
• LB Jewellers
• Potters (London) Ltd.
• REID Packaging
• Riverside Paper Co., Inc.
• Stamar Packaging
• Stockpak
• Westpack Denmark

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Article source: https://article-realm.com/article/Business/57020-Jewelry-Box-Market-to-see-Huge-Growth-by-2030.html