During the forecast period, the flower box market is anticipated to have a CAGR of 5.2%. The flower box market is anticipated to gain momentum and increase in value from US$ 2.57 Bn in 2022 to US$ 4.27 Bn by 2032. Given that flower boxes offer good packaging options for flowers, sales of these products are expected to increase. Additionally, as they support brand promotion, flower boxes are in greater demand.
Since flower boxes are composed of sturdy cardboard, they are stable and will sustain little damage while being transported. The worldwide flower box market share is predicted to increase as a result of this stability.
The Global Flower Box Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2022 to 2030.
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The Global Flower Box Market report provides a holistic evaluation of the market for the forecast period (2022-2030). The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Flower Box Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.
What are the Market’s Primary Drivers for Flower Boxes?
Corporate gifting has been a significant factor in recent years, raising demand for flower boxes and the market share for flower boxes as a whole. Exchanges of flowers, which are typically wrapped in boxes, take place at all different types of corporate gatherings.
Such initiatives are often taken by businesses to strengthen their bonds with their staff, which over time has helped to expand flower box sales.
Additionally, there is a growing need for flower boxes as a result of occasions like welcome delegates, bidding them farewell, and launching various cultural activities with floral arrangements. During the projected period, this is anticipated to serve as additional motivator for the market share of flower boxes.
Which Region holds the Highest Growth Potential in the Flower Box Market?
Due to increased corporate culture in developing regions such as India to drive the flower box market during the forecast period. Geographically, the flower box market can be segmented into eight regions that are Europe, North and Latin America, South and East Asia, Oceania, and Middle-East & Africa.
37% of the flower boxer market share will originate from Europe during the forecast period. The Netherlands and the UK are the other key markets for flower box in Europe. Market growth in this region is likely to be faster than the growth of the market in MEA, North America, and South America.
The growing demand for flower box and the increasing sales of flower box at supermarkets will facilitate the flower packaging market growth in Europe over the forecast period.
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Who are the Key Players in the Flower Box Market?
Some of the key manufacturing in the flower box market are DS Smith, Smurfit Kappa, Atlas Packaging, Hawaii Box & Packaging, Inc.
In flower box market, vendors’ landscape remains highly splintered. There are various unorganized players in the flower box market.
Recent Developments
- Smurfit Kappa & D.S. Smith is expanding its manufacturing capability through acquisition and merger strategy
- In 2018, the company expanded its manufacturing capability by acquiring Raparenco, a containerboard mill in Netherlands.
- On March 2018, D.S. Smith completed the acquisition of EcoPack and EcoPaper.
Key Segments in the Flower Box Market
By Material:
- Paper & Paperboard
- Plastic
- Fabrics
By Finish:
- Matte lamination
- Gloss lamination
- Varnishing
- Embossing
- Hot stamping
By Distribution:
- Supermarkets
- Retail Stores
- Florists
- Online Sales
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
- Europe
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