The global slotted containers market is anticipated to reach a valuation of USD 3.4 billion in 2023, driven by the eCommerce boom and online retail. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 4.5% between 2023 and 2033, and reaching a total valuation of approximately USD 5.3 billion by 2033.
One of the major factors contributing to the growth of the slotted container market is the global shift towards environmental sustainability, which has triggered a demand for eco-friendly packaging solutions. Slotted containers can be manufactured using recyclable, biodegradable, and sustainable materials, aligning with the growing consumer preference for environmentally responsible packaging. Slotted containers are well-positioned to contribute to sustainable packaging practices, as consumers and businesses prioritize eco-friendliness.
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The integration of automation and technology in various industries has transformed supply chain management. Slotted containers can be easily integrated into automated packaging and handling systems, streamlining production processes, reducing labor costs, and optimizing workflow efficiency. The compatibility with automation technologies makes slotted containers a preferred choice for industries seeking operational excellence.
Key Takeaways from the Market Study
- The global slotted containers market was valued at USD 3.3 billion by 2022-end.
- From 2018 to 2022, the market demand expanded at a CAGR of 2.0%.
- North America is expected to expand at a dominant CAGR of 4.4% during the forecast period.
- By product type, regular segment is expected to constitute a CAGR of 4.4% in 2033.
- On the basis of end-use, the eCommerce segment is expected to dominate the market with a CAGR of 4.4% in 2033.
- From 2023 to 2033, the slotted containers market is expected to flourish at a CAGR of 4.5%.
- By 2033, the market value of slotted containers is expected to reach USD 5.3 billion.
Competitive Landscape
Key companies in the slotted container market are working on increasing profits from their present product portfolios while also exploring potential new applications. The players are focusing on improving their slotted container production capacities to meet demand from a variety of end use sectors. Prominent players are also advocating for geographical expansion to reduce reliance on imported slotted containers.
Key Players
- Smurfit Kappa
- Mondi, International Paper
- WestRock Company
- Packsize International
- Packaging Corporation of America
- ABBE CORRUGATED PTY. LTD
- Green Bay Packaging – Wisconsin Packaging Division
- Raghav Packaging LLP
- Bigbox
- ABHILASHA PACKING SOLUTION
- B & B Triplewall Containers Limited
- Greenpack Industries
- Manav Packaging
- Harbour Packaging
Recent Developments
- In 2023, Smurfit Kappa announced the development of a new type of slotted container made from recycled materials.
- In 2023, Packaging Corporation of America (PCA) launched its new line of high-performance slotted containers for the food and beverage industry.
- In 2022, Mondi launched its new line of sustainable slotted containers made from renewable materials.
- In the same year, Nefab AB opened a new manufacturing facility for slotted containers in China.
- In 2021, Greif Inc. expanded its production capacity for slotted containers in the United States.
Key Segments Profiled In The Global Slotted Containers Market
By Product Type:
- Half Slotted Containers
- Regular Slotted Containers
- Overlap Slotted Containers
By Material Used:
- Recycled Paper
- Virgin Paper
By Board Type:
- Single Face Board
- Single Wall Board
- Double Wall Boards
- Triple Wall Board
By Grade Type:
- Liner, Kraft
- Bleached
- Unbleached
- Test Liners
- Fluting Medium
- Semi- Chemical
- Recycled
By End Use:
- Food & Beverage
- Electrical & Electronics
- Industrial, Consumer
- Healthcare
- Pharmaceuticals
- Medical Devices
- Textiles & Apparel
- Tobacco
- e- commerce
- Building & Construction
- Homecare, Automotive & Allied Industries
- Personal Care & Cosmetics
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa (MEA)
About Future Market Insights (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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