sustainability is rising as a chief trend in luxury packaging because luxury marketers require promoting their ecologically responsible certificate through their selection of packaging supplies. this trend has been revealed in the latest report from the market research company which is based in uk. it was expected to account for 62.9 percent of the market of luxury packaging in the year 2010 and 45 percent of the quantity. glass is the second most extensively used substance, next to the plastic. these three substances are predicted to register the utmost growth rates for luxury packaging supplies in terms through the period 2010, with demand for paperboard and glass mainly been driven by booming fascination in sustainable luxury packaging, the report mentioned. the report emphasized that carton and board manufacturers are ever more securing the certification of forest stewardship council fsc, which supports and promotes responsible forest management. in the year of 2010, curtis print and packaging, the packaging business, provided fsccertified secondary packaging to nude skincare, which is a ukbased, a natural cosmetics brand. in this company, lvmh, a luxury goods company, has in recent times acquired a stake of 70 percent. as per the report data, fragrances and cosmetics had a 20.8 percent part of the 11.9 billion universal luxury packaging market in 2010, which makes it the largest sector after healthcare. luxury packaging for fragrances and cosmetics is anticipated to have one of the fastest expansion rates to 2015, with pira international emphasizing fragrant packaging in fragrances and cosmetics as a developing technology. all luxury packaging sectors altogether, the asiapacific sector now has a 35 percent segment of the worldwide market as compared to a 30 percent portion in 2006, which has mainly been driven by strong expansion in chinese luxury goods sales, as per the information given by the report. on the other hand, lower growth in luxury goods sales and slower economic growth has seen the 118alue market shares held western europe and north america turn down between 20062010. these markets have a forecasted cagr of 3.1 per cent and 3.4 per cent respectively to 2015 as compared to cagr of 7.1 per cent for the asia pacific province. africa and the middle east are also predict to grow their market segment of luxury packaging sales over the period 2010, as are eastern europe led by russia and south america led by growing prosperity in brazil. source of information httpwww.ampackaging.com.cnenglishxwproductshow.asparticleid9
