The global eyewear packaging market is anticipated to reach a value of US$ 240.7 Million in 2022 and continue to grow at a CAGR of 4.4% to reach US$ 356.2 Million by the year 2032, according to research from Future Market Insights. The top 3 nations are predicted to control between 30 and 35 percent of the market by the end of 2022, which will increase sales of the boxes by product category.
Depending on the material, it is anticipated that the plastic segment will continue to dominate the other materials used to make eyewear packaging. Accessibility and better product protection are the causes of this. Between 2022 and 2032, it is predicted that the plastics market would grow by 1.7 times its current value.
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Eyewear has now besides being necessity as in the case of power glasses or spectacles have also gained traction due to emerging fashion trend as well as changing environment in the form of sun glasses and goggles. Eyewear are fragile commodities and hence require safe packaging that ensures the product safety during transportation and storage. The manufacturer of the eyewear packages are therefore involved in producing user friendly, attractive packaging that can ensure product safety as well as gain customer attention.
The various materials used for manufacturing eyewear packages include paper, plastic, leather and fibers. These materials are designed to best suit the product and ensure the product delivery without any tamper. Attributed by these properties the global eyewear packaging market is anticipated to grow both in value and volume throughout the forecast period.
Eyewear Packaging Market – Dynamics
Eyewear has become a commodity that is used by almost everyone irrespective of age and gender. This has contributed in the burgeoning growth of eyewear market globally. This rise in global eyewear market is expected to translate into the increasing demand for allied products such as packages for eyewear between 2017 & 2025. The increasing demand for power glasses in parallel with the emerging trend for sun glasses and goggles are expected to drive the eyewear packaging market over the forecast period.
The eyewear packages are manufactured in various styles and designs which includes eva cases, soft pouch, round boxes, bespoke boxes, triangle boxes and slide open boxes. The various materials used to manufacture eyewear packages includes kraft paper, plastic and leather. Leather is extensively used material for glasses and spectacle cases due to its hard wearing nature and flexibility. Leather glass cases offer a luxurious aesthetic and tactility. However, cases manufactured using plastics are relatively cheap and therefore are in higher demand in most part of the world. The use of these materials helps the manufacturer to design the product in more attractive manner contributing to the increasing demand for the eyewear packages throughout the forecast period.
Eyewear Packaging Market – Region-Wise Outlook
On the basis of geographical regions, the global eyewear packaging market is divided into following regions: North America, Latin America, Europe, Asia Pacific and Middle East & Africa.
The increasing use of the eye glasses across all age group is anticipated to drive the market of eyewear packaging across the globe throughout the forecast period. The two emerging economies, India and China contributes about 36% to the global population and therefore is expected to witness a hike in the demand for the eyewear packaging over the forecast period. North America is anticipated to follow Asia Pacific in terms of demand for the eyewear packaging owing to its established market. Latin American countries is also expected to show relatively slower growth in the eyewear packaging market owing to its prevailing economy. However, European countries and Middle East & Africa are anticipated to witness a sluggish growth in the market of eyewear packaging throughout the forecast period attributed by the prevailing stagnant economy in these regions.
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Eyewear Packaging Market – Key Players
The key players in the eyewear packaging market includes Aesop Technologies, Inc., Well Packaging Limited, PROCESSO PLAST ENTERPRISE PVT. LTD., Kling GmbH, Wuxi Tianen Spectacles Case Co.Ltd.
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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.
Report Highlights : Detailed overview of parent market,Changing market dynamics in the industry,In-depth market segmentation,Historical, current and projected market size in terms of volume and value,Recent industry trends and developments,Competitive landscape,Strategies of key players and products offered,Potential and niche segments, geographical regions exhibiting promising growth,A neutral perspective on market performance,Must-have information for market players to sustain and enhance their market footprint
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Eyewear Packaging Market – Segmentation
Eyewear Packaging Market can be segmented as following:
Based on material type, Eyewear Packaging market is segmented into:
- Paper
- Kraft Paper
- Cardboard
- Plastic
- Leather
- Others
Based on design type, Eyewear Packaging market is segmented into:
- EVA cases
- Round boxes
- Bespoke boxes
- Slide open boxes
- Others
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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