The global slotted containers market is anticipated to reach a valuation of US$ 3.4 billion in 2023, driven by eCommerce boom and online retail. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 4.5% between 2023 and 2033, and reaching a total valuation of approximately US$ 5.3 billion by 2033.
One of the major factors contributing to the growth of the slotted containers market is experiencing significant growth attributed to various factors driving the demand for efficient and durable packaging solutions. Slotted containers are widely used in industries such as e-commerce, retail, and manufacturing for shipping and storage purposes.
The market growth is fueled by the expanding e-commerce sector, increasing demand for sustainable packaging, and advancements in packaging technology. Moreover, the versatility and cost-effectiveness of slotted containers make them a preferred choice for businesses worldwide. By 2033, the Slotted Containers Market is projected to reach a substantial valuation totaling around US$ 5.3 billion, reflecting its robust growth trajectory and market potential.
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Key Takeaways from the Market Study
- Global slotted containers market was valued at US$ 3.3 billion by 2022-end.
- From 2018 to 2022, the market demand expanded at a CAGR of 2.0%.
- North America is expected to expand at a dominant CAGR of 4.4% during the forecast period.
- By product type, regular segment is expected to constitute a CAGR of 4.4% in 2033.
- On the basis of end use, eCommerce segment is expected to dominate the market with a CAGR of 4.4% in 2033.
- From 2023 to 2033, slotted containers market is expected to flourish at a CAGR of 4.5%.
- By 2033, the market value of slotted containers is expected to reach US$ 5.3 billion.
Customization and branding opportunities, across the globe, is a major factor that is expected to propel the growth of the slotted containers market in the near future, remarks an FMI analyst.
Competitive Landscape
Prominent players in the slotted containers market are Smurfit Kappa, Mondi, International Paper, WestRock Company, Packsize International., Packaging Corporation of America, ABBE CORRUGATED PTY. LTD, Green Bay Packaging – Wisconsin Packaging Division, Raghav Packaging LLP, Bigbox., ABHILASHA PACKING SOLUTION, B & B Triplewall Containers Limited., Greenpack Industries, Manav Packaging, and Harbour Packaging, among others.
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Recent Developments:
- In 2023, International Paper (IP) acquired Green Bay Packaging, a leading manufacturer of slotted containers.
- In 2022, Packsize International acquired ABHILASHA PACKING SOLUTION, a leading manufacturer of slotted containers in India.
- In 2021, Sonoco Products Company launched its new line of slotted containers for the e-commerce industry.
- In 2021, UFP Technologies acquired Bulk Pack, Inc., a leading manufacturer of slotted containers.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global slotted containers market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the slotted containers market, the market is segmented on the basis of product type (half slotted containers, regular slotted containers, and overlap slotted containers), by material used (recycled paper, and virgin paper), by board type (single face board, single wall board, double wall boards, and triple wall board), by grade type (liner, kraft, bleached, unbleached, test liners, fluting medium, semi- chemical, and recycled), and by end use (food & beverage, electrical & electronics, industrial, consumer, healthcare, pharmaceuticals, medical devices, textiles & apparel, tobacco, e- commerce, building & construction, homecare, automotive & allied industries, and personal care & cosmetics), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).
Key Segments Profiled In The Global Slotted Containers Market
By Product Type:
- Half Slotted Containers
- Regular Slotted Containers
- Overlap Slotted Containers
By Material Used:
- Recycled Paper
- Virgin Paper
By Board Type:
- Single Face Board
- Single Wall Board
- Double Wall Boards
- Triple Wall Board
By Grade Type:
- Liner, Kraft
- Bleached
- Unbleached
- Test Liners
- Fluting Medium
- Semi- Chemical
- Recycled
By End Use:
- Food & Beverage
- Electrical & Electronics
- Industrial, Consumer
- Healthcare
- Pharmaceuticals
- Medical Devices
- Textiles & Apparel
- Tobacco
- e- commerce
- Building & Construction
- Homecare, Automotive & Allied Industries
- Personal Care & Cosmetics
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa (MEA)
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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