According to a recent market analysis conducted by Future Market Insights (FMI), the global bespoke packaging boxes market is expected to reach a value of US$ 5.7 billion in 2022. Over the assessment period, the demand for custom packaging boxes is projected to grow at a compound annual growth rate (CAGR) of 4.7%, reaching a market value of US$ 9 billion by 2032.
Custom packaging boxes have gained popularity due to their ability to create a positive first impression on customers. In today’s consumer-oriented market, the packaging of a product plays a significant role. When products are displayed in custom packaging boxes on store shelves, the open lid allows for the brand logo to be prominently showcased.
Boxes with bespoke packaging, featuring open lids, are commonly used to showcase items such as jewelry, cell phones, fragrances, and other products. The demand for custom packaging boxes is driven by the role they play in establishing an emotional connection between the customer and the product. Furthermore, these boxes can be printed with the brand logo and relevant product details, providing an opportunity for effective branding.
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Manufacturers can also design packaging specifically tailored to the needs and size of the product, ensuring both attractive presentation and adequate protection. These factors are expected to contribute to the growing demand for custom packaging boxes in the foreseeable future.
“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.
Germany Custom Packaging Boxes Market: The Germany custom packaging boxes market is expected to reach US$ 481.5 Mn by 2032, with a projected growth rate of 1.4x during 2022-2032. The market is driven by the increasing consumer preference for quality and customized packaging, fueled by higher purchasing power. Germany’s status as the largest consumer market in terms of purchasing power and population further contributes to the demand for custom packaging boxes in the country.
India Custom Packaging Boxes Market: The India custom packaging boxes market is forecasted to create an incremental opportunity of US$ 219.1 Mn over the assessment period. The growth is attributed to the expansion of the electrical and electronics industry in India. With the production of electronics devices reaching US$ 75 Bn between 2019-2020, custom packaging boxes are extensively used for protecting and visually enhancing electronics products. This surge in the electronics industry is expected to drive the demand for custom packaging boxes in India.
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
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