0

Jewelry Pad Market Expected to Reach $577.2 Million by 2030-Allied Market Research

 
2022
Jewelry Pad Market

Report Code : A13094

quote China and India are expected to spearhead the market growth, owing to high prevalence of wearing a myriad of jewelry amongst both men and women quote

Shankar Bhandalkar
Team Lead-Research, Consumer Goods at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “Jewelry Pad Market by Product Type, Material, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030,

The global jewelry pad market was valued at $317.3 million in 2020, and is projected reach $577.2 million by 2030, registering a CAGR of 4.3% from 2021 to 2030.

Jewelry pads are boxes or flat boards that are used for storing or displaying jewelry. There are different types of jewelry pads, depending on the type of jewelry it is made for holding. For example, jewelry pads for rings are mostly big tray-like pads with slots for placing multiple rings in a jewelry shop. However, for commercial use, jewelry pads for rings are mostly in the form of ring boxes. The main aim of jewelry pads is the safe storage of jewelry. They are made from materials that can cushion the jewelry and absorb any kind of impact that might harm the jewelry. The materials used are also free from chemicals and any kind of additives that can react with the precious metals and harm the jewelry in any manner.

Increase in consciousness about external beauty among individuals has boosted the adoption of jewelry in the market. Rise in fashion consciousness has been observed among younger women. Rapidly changing fashion trends in various regions are increasing the need for affordable and stylish jewelry among customers. Jewelries, such as bracelets, rings, and chains, have surged the demand from both men and women. In addition, semi-precious stones carved in necklaces are in high demand among millennials and Gen X. Moreover, rise in trend of using jewelry among individuals across varied age groups is boosting the growth of the global jewelry market, which is propelling the jewelry pad market altogether.

The global jewelry pad market was significantly impacted by the COVID-19 pandemic. Lockdowns and restrictions in movements have resented to closure of the jewelry market across the world resulting in decreased sales of jewelry. Furthermore, jewelry pads are high in demand especially in China and India during wedding season. Stringent regulations regarding public events resulted in postponement of weddings, which have further negatively impacted the market in the region. Nevertheless, with widespread vaccinations across countries and relaxing of stringent guidelines, the demand for jewelry pads is expected to gain traction with opening up of economies.

The global jewelry pad market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific led in terms of the market share in 2020, and is estimated to grow with significant growth rate during the forecast period, owing to growing disposable income, extensive advertising and promotion, and large-scale urbanization. China along with India and South East Asian countries is expected to witness increased demand for jewelry pad in the coming years.

The jewelry pad market is highly fragmented with significant presence of a large number of regional players. Jewelry pads have gained huge traction over the last few years, owing to which various low-quality jewelry pads are flooded in the market. The right type of jewelry pad has no effect on jewelry. However, low-quality jewelry pad available in the market might increase the risk of tarnishing of jewelry.

The global jewelry pad market is segmented on the basis of product type, material, end user, and region. Based on product type, the market is divided into ear rings, necklace, rings, and others. By material, the market is classified into foam, fabric, and others. Based on end user, it is bifurcated into business to business and business to consumer. Region-wise, it is also studied across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings Of The Study

  • Region-wise, Asia-Pacific dominates in terms of the market share and is also anticipated to grow with the highest CAGR during the forecast period.
  • On the basis of product type, the necklace segment led the market share in 2020 and is also predicted to grow with the highest CAGR during the forecast period.
  • Depending on material, the foam segment captured about half of the market share.
  • On the basis of end user, the business to business segment leads in terms of the jewelry pad market share; however, the business to customer segment is expected to grow with a steady CAGR.

Some of the major players profiled in the jewelry pad market analysis include Finer Packaging Ltd, Gunther Mele Limited, Jep Pads Ltd, Jewelry Tray and Pad Company, Kling Gmbh, Nile Corp., Stockpak, Westpack A/S, The Jewelry Tray Factory, and JPB Jewelry Box Co. Other prominent players analyzed in the report are Jewelry Tray, Jeteho, RJ Displays, N'ice Packaging, Foraineam, Woodten, and Tinsow.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Jewelry Pad Market by Product Type, (Ear Rings, Necklace, Rings, and Others), Material (Foam, Fabric, and Others), and End User (Business to Business and Business to Consumer): Global Opportunity Analysis and Industry Forecast, 2021–2030 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Mar 2024

Hairbrush Market

Download Sample
rep-img

Published Date Mar 2024

Debt Security Market

Download Sample
rep-img

Published Date Mar 2024

Wood Adhesives Market

Download Sample

Buy Full Version
"Jewelry Pad Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers