Wrist Watch Packaging Market: Size, Share, Growth, Trends, and Forecasts 2016–2024
Sarasota, FL -- (SBWIRE) -- 09/18/2017 -- Wrist Watch Packaging Market: Overview
Conventionally the wooden and the metal materials were used in the packaging of the wrist watches but now the wrist watch packaging has developed from the past few years. Now, the materials that are used for the wrist watch packaging have changed to paper and plastics. The innovations that are made in the products and the technological developments that are made in the machine have completely increased the production output at a minimal cost.
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Wrist Watch Packaging Market: Facts
The market player Sinostar Packaging had launched an elegant plastic watch box with a pillow for the wristwatch. The box was square in shape with logo printing. The gross weight of the box was less than 0.5 Kg. The exterior side was made of paper. The materials used were a combination of paper and plastic. It is a waterproof eco-friendly box and had more than one slots.
Wrist Watch Packaging Market: Segmentation
The market for the wrist watch packaging is fragmented into its material type, product type, and shape type. Based on the material type, the global market is segregated into fabric, metal, wood, Cardboard & paperboard, and plastic. The metal segment is sub-segmented into steel and aluminum. The plastic segment is sub-segmented into high-density polyethylene, polypropylene, polyethylene terephthalate, low-density polyethylene, and polystyrene. Based on the product type, the market is categorized into cases and boxes. Based on the type, the market is divided into square, rectangle, diamond, round, triangle, and oval shapes.
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Wrist Watch Packaging Market: Growth Factors
The manufacturers of the wrist watch packaging are highly focusing to innovate the designs of the watch boxes so that it has elegant look. The influencing platform for the display of the watch cases and boxes is the organized retail stores as it caters the demand of the consumers that are interested in the segment of luxury watches. The supply capacity of the manufacturers of the wrist watch packaging has increased owing to the easy availability of the raw materials such as PET and HDPE plastic. The technological advancements that are made in the wrist watches have helped in the launch of the smart watches which are manufactured by the popular market players such as Apple, Google, Samsung, and others thus improving the sales of the wrist watches which in turn has influenced the growth of the wrist watch packaging. Other factors that are supporting the growth of the market is the increase in the young and consumerist population, rise in the purchasing power, and the growing sales of the wrist watches.
Wrist Watch Packaging Market: Regional Analysis
The regions that are leading in the production of the wrist watch packaging market are Asia Pacific, Europe, and North America. Based on the consumption, the countries that are holding the majority of the share are the U.S., France, Hong Kong, Germany, and China. The developing countries in Asia Pacific region are contributing the maximum share in the development of the market.
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Wrist Watch Packaging Market: Competitive Players
The key market players that are involved in the wrist watch packaging market include Sinostar Packaging, Linkupak, National Pak Ltd., Kling Display & Packaging, Delu Ltd., Interpak, Ch. Dahlinger GmbH & Co KG, Studio ABD, Cyberpac, and Lomb Art.
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