According to the most recent market analysis, the demand for acrylic boxes, in terms of value, is anticipated to reach US$ 235.4 million in 2023. From 2022 to 2032, the market could rise at a CAGR of 4.7%, underscoring the growing use of acrylic boxes across several sectors.
FMI predicts the consumption of acrylic boxes is poised to surge in the coming days reaching a value of US$ 355.8 million by 2033. This represents both the considerable prospects present to producers working in this industry and the rising demand for acrylic boxes.
Acrylic display boxes are transparent, lightweight, and cost-effective, making them an attractive alternative compared to other packaging boxes. These features are expected to accelerate the demand for acrylic display boxes across various end-use industries during the analysis period.
Additionally, storage in acrylic display boxes enhances product visibility, which translates into increased sales. This is another major factor that is anticipated to propel the demand for acrylic boxes in retail and specialty stores in the forthcoming years.
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Key Takeaways from the Global Acrylic Boxes Market Study Report
- The global market is projected to witness an absolute dollar growth of US$ 120 million over the next ten years.
- Currently, the North American region is the leading market for sales of acrylic boxes and it held a global market share of 18% in 2022.
- The demand for acrylic boxes is increasing in Europe, creating more business prospects for suppliers operating in Germany, Italy, and the United Kingdom. In the year 2022, the manufacturers present in the Europe region together contributed to a global revenue share of 13%.
- The growing sales of acrylic boxes by the retail sector are largely responsible for their growing popularity in the Asia Pacific region. It captured a global market share of 12.4% in the year 2022.
Competitive Landscape for the Acrylic Boxes Market Players
SantaMonica Plastics, Cleatech LLC, Overture Displays, Planet Plexi Corp., Lazerosity, LLC, and BoxWorld among others are some top players in this market.
The market competition is also anticipated to intensify with a significant increase in regional and unorganized players over the course of the forecast period. Entry of smaller players has been made easier by the widespread accessibility and availability of acrylic materials as well as the comparatively low manufacturing costs.
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Recent Developments by the Acrylic Boxes Manufacturing Industries
Acrylite International announced the debut of its new collection of acrylic jewelry boxes in February 2023. This new collection of boxes made of premium acrylic has a distinctive design that enables several ways to display jewelry.
To develop a range of acrylic storage boxes for domestic purposes, Crystal Clear Acrylics and The Container Store joined in January 2023. Customers now will find it simpler to locate and buy acrylic boxes for home storage which gives them durability and longevity.
In November 2022, Acrylics Plus opened a brand-new online store, achieving greater success in finding customers for its products. The shop sells a variety of acrylic boxes and includes useful details on the many styles of acrylic boxes that are offered.
Acrylux and a top online merchant teamed together in October 2022 to launch a range of acrylic packaging for gadgets. Buyers are expected to now benefit from the partnership’s access to a large assortment of acrylic boxes as well as its practical shipping alternatives.
Key Segments Profiled in the Acrylic Boxes Industry Survey Report
By Product Type :
- Telescopic Acrylic Boxes
- Hinged Acrylic Boxes
By End Use :
- Cosmetic & Personal Care
- Homecare Products
- Food & Beverage
- Pharmaceuticals
- Electrical & Electronics
- Other Consumer Goods
By Distribution Channel :
- Online Sales
- Offline Sales
By Region :
- North America Market
- Latin America Market
- Europe Market
- East Asia Market
- South Asia Market
- Oceania Market
- Middle East & Africa (MEA) Market
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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