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Jewelry Boxes & Organizers Market Segmented By material such as Metal, Glass, Leather, Paper and Wood with distribution channel in Supermarkets, Hypermarkets, Convenience Stores, Independent Retailer and Online Sales
Jewelry boxes and organizers help to store and organize bracelets, necklaces, earrings, and rings, to keep the precious stones safely. Consumers with increased buying power, nowadays own multiple pieces of jewelry, a jewelry box or organizer helps to keep all the pieces tidy and neatly. Over the recent years, the jewelry market is foreseeing noteworthy growth which is in turn escalates jewelry boxes and organizers market.
Recently, the majorly preferred mode for selling jewelry boxes and organizers has been convenience stores or independent. However, the trend is shifting towards online stores due to their faster product delivery. Online retailing is anticipated to gain noteworthy prominence for distribution of jewelry boxes and organizers over the years to come since their offerings are at a relatively lower price and ascertain consumer convenience.
Major online channels for sales of jewelry boxes and organizers include websites, retailers, e-tailers, and brands’ websites.
Premiumisation is a trend apparent in several sectors in addition to jewelry boxes & organizers market. Millennials and Gen Zers are more inclined towards buying a product that has a high-end look. Market players are seeking to attract consumers by offering boxes & organizers positioned on an ‘everyday luxury’ platform. Players are also looking forward to enhancing the consumer base through customization in order to accomplish the consumers’ needs.
High quality and premium jewelry organizers are often priced higher which can be a roadblock for the growth of jewelry boxes & organizers market.
Limited accessibility of the products in undeveloped and rural regions and weak distribution channels are setting forth enormous challenges for manufacturers in the market.
The COVID-19 pandemic has influenced several industries, and the jewelry boxes and organizers industry is no exception. The availability of raw material and supply chain disruption is putting the market to economic uncertainties. As such, participants are likely to focus on online platforms as consumers are increasingly avoiding in-store purchasing.
The outbreak has escalated the requirement for the digital transformation process as governments and businesses strive to provide daily essentials and connectivity to susceptible communities.
Digital solutions are eliminating barriers for small business organizations to grow, offering product delivery at a cheaper rate, yet better quality. The crisis has widely impacted consumers’ buying habits; however, with partial lift in lockdowns, globally, the jewelry boxes and organizers market is slated for a steady recovery.
South Asia and East Asia will be retaining their dominance all through the projected period. Growing buying power together with the changing lifestyles of the individuals in the region is anticipated to stimulate the development of jewelry boxes and organizers market.
Additionally, jewelry boxes & organizer manufacturers must enhance their consumer base in the region owing to the increasing massive jewelry demand. Furthermore, North America is anticipated to foresee a substantial development over the assessment period. Europe is moreover likely to record healthy CAGR in the approaching decade.
Major players in the global jewelry Boxes & organizers market include Westpack, Ch. Dahlinger GmbH & Co KG, Gunther mele limited, Thomas Sabo GmbH & Company KG, Potters Limited, Finer Packaging, and Stockpak. To gain a competitive advantage in the market players are presenting aesthetic looks and innovative products to gain a new consumer base. For instance,
Wolf Caroline has launched protective yet attractive travel jewelry case features seven ring rolls, four small compartments, three necklace hooks behind the mirror, and a built-in mirror.
Umbra Tessora presented stackable or separate versatile bowls with a metal lid to display jewelry pieces.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.