What is the role of Packaging for the Evolving Consumer?
Find out more on this presentation by Francesca Romana Saule, CRM Senior Manager at Accenture, shared at the Luxury Packaging Summit 2015.
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Accenture - The Role of Packaging for the Evolving Consumer
1. The role of packaging
for the evolving consumer
Francesca Romana Saule, CRM Senior Manager
Luxury Packaging Summit 2015
Day 1 – Tuesday 17th February 2015
5. Americas and Japan are
best performing regions
(+3% and +2% ’14E-’13 growth)
Total
Population
+18%
Global Luxury market grows
to
223 Billion
2015: China is expected
to overtake Japan as the world’s
largest consumer of Luxury Goods
Source: Altagamma 2014 Worldwide Markets Monitor, Smithers Pira
Luxury consumers are
heterogeneous group of
330 M people
•Luxury Watchword for 2014 and projections
What is the future of luxury?
Yesterday’s luxury is commonplace today
5
To 2019
The luxury
packaging
market will grow by
4.4% reaching
$17,6billion
6. +18%Retail still the main
growth engine; mono brand format
generating more than
50% of the market
+ 28% is the
Online growing
(’14E-’13E growth)
Source: Altagamma 2014 Worldwide Markets Monitor
•Luxury Watchword for 2014 and projections
What is the future of luxury?
Online is growing faster than expected
The growth of the eCommerce consumer base (’10E-’15E growth)
CHINA 2010 2015 USA 2010 2015
140 MILLION 520 MILLION 140 MILLION 200 MILLION
1/3 of total urban base 2/3 of total urban base 1/3 of total urban base 1/3 of total urban base
6
7. Source: Accenture & Avanade, 2014
•Digital disruption
7
We are currently in the most disruptive technology wave ever
seen, and disruption can be seen in all market dimensions
8. Source: Altagamma 2014, Accenture 2014, Google 2014
•Digital is the common Factor
Digitalization is significantly changing way consumers are
interacting with brands
98% of luxury buyers use the internet daily
78% do online research before buying luxury items
Luxury buyers use 3.1 number of digital devices in comparison to 2.9 of
general population
E-commerce is the new black
Concerning purchase decisions, 45% of all luxury goods sales are online-
influenced
Social media word of mouth influences 44% of core luxury consumers
Every Consumer is a Digital Consumer
8