According to a recent market analysis by Future Market Insights (FMI), the global bespoke packaging boxes market is predicted to be worth US$ 5.7 Bn in 2022. Demand is expected to increase at a 4.7% CAGR over the assessment period, with a market value of US$ 9 billion by 2032.
Custom boxes for packing products are appealing and aid in leaving a good first impression on customers. Today’s consumers are increasingly conscious of the product packaging. When exhibiting products in custom packaging boxes on the shelf, the lid is left open next to the item, which also serves to display the brand logo.
Jewellery, cell phones, fragrances, and other things are on show in boxes with bespoke packaging, with the lid open. The demand for custom packaging boxes is driven by the presentation’s role in forging an emotional connection between the client and the good. Additionally, printing is an option for these boxes, which enables firms to display their logo along with the pertinent product details.
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Additionally, manufacturers can create packaging for a product based on the needs and size of the product, which aids in providing both appealing and protective packaging. The aforementioned factors are projected to support an increase in custom packaging box demand over the forecast period.
“Increasing adoption of custom mailer boxes for shipping of luxury goods, along with growing focus on sustainable packaging solutions will augment the growth in the market over the assessment period,” says an FMI analyst.
Key Takeaways:
- Based on materials, the paper & paperboard segment is estimated to hold around 51% of the total market share by 2032.
- In terms of end use, demand in the consumer goods segment is anticipated to increase at a CAGR of 5.3% during 2022-32.
- The inserts segment will account for approximately 2/3rd of the total market share in 2022.
- Total sales in the Germany custom packaging boxes will reach a valuation of US$ 481.5 Mn by 2032.
- The India custom packaging boxes market will create an incremental opportunity of US$ 219.1 Mn over the forecast period.
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Competition Landscape
Key custom packaging boxes manufacturers are Smurfit Kappa Group plc, DS Smith plc, WestRock Company, Graphic Packaging International, LLC, Stora Enso Oyj, Interpak Holding B.V., and Mayr-Melnhof Karton AG. Also, some of the noticeable players operating in the custom packaging boxes market include Robinson plc, Metsa Board Oyj, McLaren Packaging Ltd., Valtenna srl, and Polmac (UK) Ltd. The players operating in the tier 1 hold around 10-15% of the global custom packaging boxes market.
Custom Packaging Boxes Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global custom packaging boxes market, analyzing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the custom packaging boxes based on the material (paper & paperboard, plastic, metal, and wood), inserts 9with inserts and without inserts), end use (consumer goods, electrical and electronics, cosmetic & personal care, fashion accessories & apparels, healthcare, and food and beverage) across seven regions.
Custom Packaging Boxes Market by Category
By Material:
- Paper & Paperboard
- Plastic
- Metal
- Glass
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By Inserts:
- With Inserts
- Without Inserts
By End Use:
- Consumer Goods
- Electrical and Electronics
- Cosmetic & Personal Care
- Fashion Accessories & Apparels
- Healthcare
- Food and Beverage
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
- South Asia
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
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