As the luxury market expands, brands adapt to satisfy discerning consumers
Implications - With the luxury goods market continuing to expand at an exponential rate, brands not traditionally associated with a glamorous aesthetic are switching up packaging designs to lure in younger, luxury-obsessed consumers. Using the disposable income of their parents to buy, millennial consumers are being drawn to packaging that's in-line with their taste for expensive goods without having to invest extensive capital to satiate desire.
