The global acrylic boxes market is poised for substantial growth, with an anticipated valuation of US$ 235.4 million in 2023, projected to surge at a robust compound annual growth rate (CAGR) of 4.7% to reach US$ 372.6 million by 2033. This growth is primarily attributed to the escalating demand for acrylic boxes within the retail industry, where their transparent and lightweight features make them a preferred choice.
Acrylic boxes, a specialized form of rigid packaging crafted from acrylic material, offer the advantage of transparency, setting them apart from traditional packaging options. Their versatile use spans across various sectors, including jewelry shops, hotels, museums, cosmetic stores, and even aquarium fish tanks.
One of the key strengths of acrylic display boxes lies in their customizability, allowing for a range of colors, shapes, and designs to cater to customer preferences. Moreover, their cost-effectiveness, combined with enhanced product visibility, contributes to increased sales, making them an attractive option for retail and specialty stores.
While the market is on an upward trajectory, it faces challenges, such as the high initial investment required for raw materials. Nonetheless, the convenience and visual appeal of acrylic display boxes continue to drive their adoption, especially within the retail sector.
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Key Takeaways:
- 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.
In the packaging industry boxes are extensively used. These are made of paper, plastic, glass, wood, metal and others. These boxes come in wide variety of colors, shapes and designs. Usage of these boxes range from packaging a bundle of books or readymade cloths to jewelry piece in a display box.
Acrylic boxes are a special type of rigid packaging boxes made up of acrylic. These boxes can be produced with transparent body. Transparent and lightweight features makes them more attractive over other packaging boxes. These are used in displaying e.g. in jewelry shops, hotels, museums, cosmetic shops, aquarium fishing tanks, etc.
Acrylic is a clear plastic with transparent polymers. The composition is pretty much the same for acrylic materials. Acrylic has many brand names. Plexiglas is the first trademark name introduced by the Rohm and Haas Company. Other established brands include Lucite by du Pont, Acrylite by Evonik Cyro LLC., Perspex, Oroglass, Optix, and Altuglass.
Making the products more visible and attractive for a consumer plays a vital role in increasing the sales. This also helps in displaying the variety of available products or product mix in the store. Consumer brand awareness can also be achieved. Acrylic boxes comes with lockers so precious things can be protected from damaging or theft.
These boxes can be used to collect donations at counters of any store, restaurant, offices etc. These are used as aquarium or fishing tanks. These boxes can also be used in home or bathroom accessories to aggregate things at one place. Acrylic boxes are light weight so easy to transport or handle. This factor helps in optimizing the logistics and warehousing for these boxes.
Growing environment safety regulations are a threat for growth of acrylic boxes packaging market. Fluctuating or volatile commodity market prices pose a challenge for manufacturers in procurement of raw materials. Substituent products and new entrants in acrylic boxes packaging market requires high investment in R&D and innovation by manufacturers.
Market Segmentation:
The acrylic boxes packaging market is segmented into food & beverages, pharmaceuticals, homecare, personal care, cosmetics and others. On the basis of packaging design technology, the global acrylic boxes market is segmented into premium and non-premium acrylic boxes.
Premium acrylic boxes comes with inbuilt LED lighting, spinning and other features. These are used for packaging of precious and delicate products like jewelry items. Non premium acrylic boxes are used for storage or display of pharmaceuticals, cosmetics, food and beverages.
On the basis of material acrylic boxes are segmented into Injection molded acrylic and Hand-crafted acrylic. Injection molded acrylic can be manufactured with less labor and lower cost. Hand-crafted acrylic is used to make quality displays, which is more time consuming and therefore costs a little more.
Regional outlook:
Acrylic boxes market has been segmented on the basis of region into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa (MEA), and Japan. North America, Eastern and Western Europe collectively represents higher demand for acrylic boxes.
The reason for this is the large number of retail stores and super markets. The increased per capita disposable income and tough completion in market stimulates the demand growth of acrylic boxes in these regions.
Changing lifestyle, increased per capita income and consumption power in APEJ and Latin America is driving the demand for Acrylic Boxes. Manufacturers are exploring innovative options to make the acrylic boxes look more reliable and attractive, which positively impact the sales of acrylic boxes.
Acrylic Boxes Market: Key players
Some of the players in the global acrylic boxes packaging market are Fuzhou Innovation Products Co.Ltd., JianMeiLai Display Produces Co., Dalco H.J. Co., Ltd., Dongguan Fuguanda Acrylic Crafts Factory, Dongguan Yuefeng Display Product Co., Ltd., Shenzhen Hoteam Art & Crafts Co.Ltd., Dime Acrylics, Burhani Enterprises, Ningbo Tachygem Acrylic Industry Co., Ltd., Jinhua Weihai Plexiglass Product Co., Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.
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The report covers exhaust analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
The regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Author:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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