The valuation of the jewellery box market stood at approximately US$ 146.8 Million in 2021, with anticipated sales reaching US$ 249.2 Million by the conclusion of 2032. The market is poised for robust expansion, with a projected Compound Annual Growth Rate (CAGR) of 5.0% forecasted between 2022 and 2032.

Jewellery boxes, commonly crafted from wood, leather, or glass, find frequent use in the market, with leather pouches serving as popular choices for storing smaller pieces. These spacious containers are compartmentalized to safeguard jewellery from moisture and external heat.

Manufacturers are developing boxes that are environmentally friendly, durable, and easy to recycle. The boxes are also equipped with innovative styles and decorations. Overall, the future outlook for the jewellery box market is expected to grow at a positive rate during the forecast period.

Furthermore, there is a trend among manufacturers to create environmentally friendly, durable, and easily recyclable jewellery boxes, incorporating innovative styles and decorative elements. Collectively, the forecast for the jewellery box market anticipates a positive growth trajectory in the coming years.

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Another driving factor for the market’s demand is the increasing number of weddings in the United States. As the consumption of gold continues to rise, particularly due to the influence of Western culture, modern consumers are embracing the tradition of wearing gold for extended periods.

Furthermore, total sales of jewelry boxes in the United States are anticipated to reach US$ 28.5 million in 2022 and are expected to experience significant growth, reaching US$ 41.6 million by 2032. The growth is further facilitated by the increase in gold production within the United States and the expanding network of jewelry stores across the country. This phenomenon reflects the enduring popularity of jewelry and its packaging in the U.S. market.

Key Takeaways from Jewellery Box Market:

1. Based on the material, the paper segment is estimated to hold around 57% of the market value share by the end of 2022.
2. The ring & earrings segment is projected to expand 1.6 times the current market value during 2022-2032.
3. By distribution channel, the retail store is projected to create an incremental opportunity of US$ 32.2 million during the forecast period.
4. North America and East Asia are estimated to account for 55% of the total sales in the jewellery box market in 2022.
5. 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

Key Players:

• Dahlinger GmbH and Co KG
• Potters Limited
• Holmen AB ADR
• McLaren Packaging Ltd.
• Taylor Box Company
• Thomas Sabo GmbH and Company KG

Competitive Landscape

The global jewellery box market is extremely fragmented and competitive. Key players use a variety of marketing techniques, including mergers & acquisitions, expansions, collaborations, and partnerships.

Leading organisations also use new product creation as a strategic way to expand their market presence among customers. Advanced jewellery box have been incorporated as a result of these tactics. Some of the recent developments in the market are as follows –

• In January, 2022, Finer Packaging has introduced small and desirable jewellery boxes in the market. Some expensive products have a permanent class in the market. So they have introduced the best new and small boxes for the customer to attract towards the buying process.
• In November, 2021. McLaren Packaging Ltd. Has celebrated its 40th anniversary with a record turnover and capital investment. They have achieved their target of US$ 20 Million in 2020 and now is on track to turnover US$ 31.4 Million in a financial year with a total employee of 240 members.

Key Segmentations

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.)