The global cutter-box packaging market is anticipated to be worth US$ 9.3 billion in 2032, growing at a 7.8% CAGR from 2022 to 2032. It is expected to reach $6.1 billion by 2022. The fast food industry’s rapid expansion is a major element that will likely boost demand for cutter-box packaging in the next years.
Cutter-box packaging is expected to grow in popularity during the assessment period, owing to a rising demand for easy packaging alternatives. With the increased adoption of eco-friendly packaging solutions, greater awareness of various environmental concerns is expected to favourably impact market growth.
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Market Competition
Some of the leading players operating in the global cutter-box packaging market include
- Hotpack Packaging Industries,
- Metal Edge International,
- Guangdong Yiyuan Plastics,
- Hangzhou Weibang Printing,
- Zeus Packaging Group,
- Guangzhou Hope-Star Packaging & Printing, and
- Hermann Companies among others.
Majority of the key players are engaging in strategic collaborations to meet the high consumer demand by surging their production. They are also striving to develop state-of-the-art technologies to deliver sustainable solutions to consumers. Meanwhile, a few other players are increasingly focusing on mergers and acquisitions to co-develop novel products and gain a competitive advantage in this market.
Which are Some Prominent Drivers Spearheading Cutter-box Packaging Market Growth?
The increasing shift of consumers towards convenience and ready-made food products is anticipated to propel the sales of cutter-box packaging in the foodservice sector. The surging demand for highly efficient packaging solutions at a relatively low cost from various food manufactures is another vital factor that is set to bode well for the market.
The growing utilization of cutter boxes for the packaging of numerous films is expected to drive the market in the near future. This type of packaging solution has several beneficial properties, such as solid cutter surface, easy film changing, and novel film dispensing. These properties are likely to help in generating more demand for cutter-box packaging from the foodservice industry.
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Key Segments Profiled in the Cutter-box Packaging Industry Survey
By Material Type:
- Corrugated Fiberboard
- Paper/Paperboard
By Cutter System:
- Metal Blades
- Plastic Blades
- Slide Cutters
By End Use:
- Household
- Foodservice
- Others
By Region:
- North America
- Latin America
- Western Europe
- Easter Europe
- APEJ
- Japan
- Middle East & Africa
Key Questions Asked
What is the Cutter-Box Packaging Market Size?
Which are the top players for this Cutter-Box Packaging Market?
What is the market growth of this Cutter-Box Packaging Industry?
What will be the CAGR for Cutter-Box Packaging Market during 2022-2028?
What developments are going on in that technology?
Which trends are causing these developments?
Who are the global key players in this Cutter-Box Packaging market?
What are their company profile, their product information, and contact information?
What was global market status of Cutter-Box Packaging market?
What was capacity, production value, cost and profit of Cutter-Box Packaging market?
What is current market status of Cutter-Box Packaging industry?
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