The global cutter-box packaging market size is expected to be valued at US$ 9.3 Billion in 2032 and exhibit growth at a CAGR of 7.8% from 2022 to 2032. The fast food industry’s rapid expansion is a major element that will likely boost demand for cutter-box packaging in the next years.
Cutter-box packaging is expected to grow in popularity during the assessment period, owing to a rising demand for easy packaging alternatives. With the increased adoption of eco-friendly packaging solutions, greater awareness of various environmental concerns is expected to favourably impact market growth.
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Key Segments Profiled in the Cutter-box Packaging Industry Survey
By Material Type:
- Corrugated Fiberboard
- Paper/Paperboard
By Cutter System:
- Metal Blades
- Plastic Blades
- Slide Cutters
By End Use:
- Household
- Foodservice
- Others
By Region:
- North America
- Latin America
- Western Europe
- Easter Europe
- APEJ
- Japan
- Middle East & Africa
Market Competition-
Some of the leading players operating in the global cutter-box packaging market include
- Hotpack Packaging Industries,
- Metal Edge International,
- Guangdong Yiyuan Plastics,
- Hangzhou Weibang Printing,
- Zeus Packaging Group,
- Guangzhou Hope-Star Packaging & Printing, and
- Hermann Companies among others.
Majority of the key players are engaging in strategic collaborations to meet the high consumer demand by surging their production. They are also striving to develop state-of-the-art technologies to deliver sustainable solutions to consumers. Meanwhile, a few other players are increasingly focusing on mergers and acquisitions to co-develop novel products and gain a competitive advantage in this market.
Which are Some Prominent Drivers Spearheading Cutter-box Packaging Market Growth?
The increasing shift of consumers towards convenience and ready-made food products is anticipated to propel the sales of cutter-box packaging in the foodservice sector. The surging demand for highly efficient packaging solutions at a relatively low cost from various food manufactures is another vital factor that is set to bode well for the market.
The growing utilization of cutter boxes for the packaging of numerous films is expected to drive the market in the near future. This type of packaging solution has several beneficial properties, such as solid cutter surface, easy film changing, and novel film dispensing. These properties are likely to help in generating more demand for cutter-box packaging from the foodservice industry.
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Frequently Asked Questions (FAQs)
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