Increased standard of living and the ability to purchase goods online are some of the reasons due to which the Specialty Boxes market is gaining importance. Online shopping is the potential force increasing the demand for the specialty boxes driving the global speciality boxes markets.
The global Specialty Boxes market is anticipated to increase at a 4.4% CAGR to reach value US$ 71.0 Billion in 2032
Covid-19 Impact & Market Status
The Specialty Boxes market size has seen a great impact in terms of growth due to the advent of Covid-19. This is because of the travel restrictions, flight bans, and quarantines which further resulted in termination of all the offline activities and offices temporarily. These reasons hampered the offline market and supply chains got disrupted. There was lower availability of raw materials and hence people faced shortage in terms of getting their hands on Specialty Boxes.
This report provides financial data on the global speciality boxes market including market size, Compound Annual Growth Rate, annual GDP, growth forecasts, and future projections. It gives a comprehensive overview of the global speciality boxes market value chain, applications, types, categories, segments, and sub-segments. The report provides insights from numerous primary and secondary source and interviews with companies leading the market and in-depth analysis of latest trends and recent developments in the market. The drivers for adoption in highly performing nations across the world are explained in the report. The segments that are driving global speciality boxes market growth in regions like North America, APAC, Europe are discussed in the report. The major segment driving investments the aforementioned regions are given in the report. The key factors that have led back the adoption in the above regions are given in the report.
Corrugated Boxes Segment To Remain Atop
The global speciality boxes market is classified into corrugated boxes, dishpack boxes, snap lock bottom boxes, wardrobe boxes, mirror boxes, straight tuck end boxes, and others on the basis of type. Among these, the corrugated boxes segment accounted for highest sales revenue in 2021 and is anticipated to grow at a highest CAGR owing to factors like surge in e-commerce, increased demand for attractive and customizable boxes, and booming supply chain management sector.
Linerboard Material to Ensure Highest Sales
The global speciality boxes market is classified into plastic, metal, cardboard, metal board, clamshells, other on the basis of material. Among these, the cardboard segment is poised for rapid market growth and may grow at a highest CAGR through the forecast span 2022-2029.
Water-Based Ink To Remain Atop
The global speciality boxes market is classified into TPMG, briteflex, black piezo inkjet inks, water-based, paper ink, foil ink, other on the basis of printing ink. Among these, the water-based ink segment accounted for highest market share of global speciality boxes market. This type of ink is known to be high-valuable ink.
Food & Beverages To Get Highest Sales
The global speciality boxes market is classified into food, supply & logistics, healthcare, e-commerce, textiles, others on the basis of end use. Among these, the food segment recorded highest sales due to increased food delivery services gaining popularity and growing online food ordering population.
APAC Region to Render Ample Investment Avenues
APAC is the largest contributor to the growth of global Specialty Boxes Market. The key factors such as the efficient demand and supply cycle of the food & beverage, electronic, and personal care industry majorly in countries like China, India, and Japan among others are responsible for the highest CAGR that this region is expected to grow with.
Also, Asia Pacific region is expected to incur huge demand because of the high population and the growing need for packaging.
The growing need for Specialty Boxes to focus on sustainability and eco friendliness of products along with increased need for better and customizable boxes is improving the reliance on speciality boxes furthering the development of global speciality boxes market.
Owing to benefits such as safe transport of good and materials, reduced delivery costs, hassle free, added protection to speciality items, convenient option to package, load, and unload, elusive, luxurious, and robust look, speciality boxes are experiencing rapid adoption as opposed to older transport approaches thus fostering remarkable progress of global speciality boxes market.
The factors such as ecommerce surge, increased focus on environmental, social, and governance criteria, spike in online orders, increased service model, high demand for customizability is driving industrial expansion of speciality boxes around the world.
The advantages such as customizability, protection to goods during transport, returns, easy to establish and maintain brand identity encourage further adoption of speciality boxes. These factors collectively influence the global Specialty Boxes market, ensuring an overall market size of 84 billion by 2029 with an annualized growth rate of XXX% from 2022-2029.
The rise in the players in the market, constant innovations etc. are increasing the overall size of the Specialty Boxes market. There is also a huge use of technology to innovate the product. There has been a great number of young designers which is helping the market grow even further.
Specialty Boxes are basically special boxes that are custom boxes which is unique and attractive, yet functional. Newly introduced designs and effective material build also attract a lot of people to buy opt for specialty boxes. Additionally, the different types of packaging available make it an altogether impressive thing for packaging purposes. More and more people are now looking to buy these specialty boxes because of increased awareness about concerns regarding environment.
However, strong competition from flexible plastic packaging poses a great threat to Specialty Boxes market. Nevertheless, Specialty Boxes Market has the growth prospects, as companies are becoming more and more aware about the benefits that these have to offer.
The major players of global speciality boxes market Manhattan Container, Packaging Specialties, Kelly Box & Packaging, ALL PACKAGING COMPANY, Vue-Craft, Elegant Packaging, Friend Box Company, Petra Manufacturing Company, and GLBC. These companies specialising in speciality and packaging materials are expanding their footprint through new product launches, real estate base, mergers and acquisitions, and other activities to stay ahead of the competition and meet the increased demand. By applying technology, the R&D teams of the companies are focusing on coming up with better designs and more beautiful and appealing Specialty Boxes.
Latest Innovations in Global Speciality Boxes Market: A Snapshot
In 2020 the Everett location expanded to a 28,000 sqft facility on Riverside Road
Specialty Boxes Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 84 billion|
|Segment Covered||Type, Material, Printing Ink, End Use, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and South Africa|
|Key Players Profiled||Manhattan Container, Packaging Specialties, Kelly Box & Packaging, ALL PACKAGING COMPANY, Vue-Craft, Elegant Packaging, Friend Box Company, Petra Manufacturing Company, and GLBC.|
Key Segments of the Global Specialty Boxes Market
Type Overview, 2022-2029 (USD Billion)
- Corrugated Boxes
- Dishpack Boxes
- Snap Lock Bottom Boxes
- Wardrobe Boxes
- Mirror Boxes
- Straight Tuck End Boxes
Material Overview, 2022-2029 (USD Billion)
- Metal Board
Printing Ink Overview, 2022-2029 (USD Billion)
- Black Piezo Inkjet Inks
- Paper Ink
- Foil Ink
End Use Overview, 2022-2029 (USD Billion)
- Supply & Logistics
Regional Overview, 2022-2029 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa