The global sales of printed boxes have grown significantly during the last few years and reached a worth of around US$ 20.4 billion in 2022. The year 2023 is witnessing a continuation of this pattern, with an expected net worth of US$ 21.4 billion.
Printing is one of the key factors aiding the growth and expansion of the packaging industry. With the advent of digitization, key players in the market are leveraging technology to gain a competitive edge. Hence, digital printing is the most preferred method over conventional methods. With printed boxes, businesses are gaining traction by showcasing their branding elements and values to make product presentations attractive and appealing.
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The latest technological advancements in digital printing use less toxic ink chemicals that are less harmful to the environment. The new water-based ink technology is odorless, food-safe, free of UV-reactive chemicals, and can be used in packaging for food and other sensitive applications. Hence, leading brands are leveraging their advanced print technology to launch powerful packaging-driven marketing campaigns. This may augment the demand for the overall market.
Key Takeaways from the Global Printed Boxes Market Study Report by FMI
- Over the next ten years, the overall market is anticipated to witness an absolute dollar growth of nearly US$ 13 billion.
- The demand for printed boxes is higher in the United States, dominating the global market until 2022.
- In Europe, Germany and the United Kingdom are the two leading markets for the consumption of printed boxes.
- Emerging economies in the Asia Pacific, like China and India, are poised to witness a higher growth rate in printed box sales until 2033. Furthermore, FMI predicts the absolute dollar growth for the market in India could be about US$ 1.4 billion over the next ten years.
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Competitive Landscape for the Printed Boxes Market Players
Accurate Box, New Box, The BoxMaker, Printex, Netbox, Tin King USA, CBS Packaging, ThecustomeBoxes, THN, Packlane, and CompanyBox are some top market players. To take advantage of the rising demand, these leading industries are scaling up by developing new designs, materials, and production techniques.
New market players are turning to recyclable and biodegradable materials as a result of the increased awareness of environmentally friendly and sustainable packaging solutions. In contrast, established market players also invest in eco-friendly packaging options as consumers are increasingly drawn to brands that exhibit environmental awareness. In addition, continuous innovation and adaptation to environmentally friendly practices are necessary to comply with these rules and preserve market competitiveness.
Global Printed Boxes Market by Category
By Material:
- Plastic
- Paper
- Metal
- Wood
- Other Materials
By Product Type:
- Slotted Box
- Folder Box
- Telescopic Box
- Die Cut Box
- Hinged Box
- Shoulder Neck Box
By End Use:
- Food & Beverages
- Homecare
- Personal Care & Cosmetics
- Pharmaceuticals
- Automotive
- Building & Construction
- Fashion, Apparel, and Accessories
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- The Middle East & Africa
- Oceania
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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