Market Research Blog

According to Future Market Insights (FMI), the global corrugated boxes market will total US$128.3 Bn in 2021. The market will register growth at 4.3% CAGR between 2021 and 2031.

Corrugated boxes are commonly used in several end-use industries as secondary packaging solutions. The industries such as food, electrical and electronics, personal care and cosmetics are exhibiting high demand for corrugated boxes. Benefits such as cushioning, availability in different shapes and sizes and ease in customization are some of the factors augmenting the demand for corrugated boxes in these industries.

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Corrugated boxes are extensively used in the food industry for the packaging of processed food, fresh produce, dairy products, food grains, and confectionary and bakery items among others. The growing demand in the processed food industry as a result of the increasing urban population and fast-paced lifestyle is creating high demand for corrugated boxes.

Future Market Insights (FMI) has forecast that the corrugated boxes market has the potential to exhibit high growth. The increasing applications of the corrugated boxes for packaging of textile, tobacco, chemicals and fertilizers among others is projected to fuel demand in the market.

Key Takeaways from Corrugated Boxes Market

• Based on material type, the sustainable and eco-friendly nature of \recycled corrugated boxes have made them highly popular in the market. The recycled corrugated boxes segment is projected to register a CAGR of 4.2% during 2021-2031.
• By board type, the single wall corrugated boxes segment is anticipated to hold around 70% of the market share by the end of 2021.
• Fluting medium segment by grade type is estimated to register CAGR of 4.0% during 2021-2031.
• By product type, slotted box segment followed by die cut box segment is forecast dominate the corrugated boxes market. These segments are anticipated to cumulatively hold around 88% of the market share by the end of 2021.
• By end-use industry, the food segment and e-commerce segments are anticipated to expand at a CAGR of 3.9% and 5.6% respectively during 2021-2031.
• APEJ, Europe and North America will exhibit high demand for corrugated boxes due to the growth of industries like food, beverage, e-commerce and healthcare in these regions. These regions together are projected to hold approximately 77% of the market share by the end of 2021.

 “The need for efficient and cost-effective secondary packaging solutions among the food, beverage, healthcare, electrical and electronics industries is anticipated to propel the sales of corrugated boxes in the market.” says an FMI analyst.

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Increasing Demand for Customised Corrugated Boxes to Drive the Market Growth

Industries like food, beverage, e-commerce, personal care and cosmetics, and others are highly competitive. In these industries, manufacturers give high importance to the packaging solutions to maintain a competitive edge and create unique brand identification. As a result, they need customized corrugated boxes for their products.

Corrugated boxes can be easily customized in terms of shape, size, fluting and print which is highly desirable among manufacturers from various industries. Some of the players in the corrugated boxes industry are offering digital printing solutions with an array of customization in terms of specifications.

Besides this sales of corrugated boxes will increase as a result of increasing application for packaging in the ecommerce sector. A large variety of items sold across e-commerce platforms needs different packaging solutions compatible with the product. The increasing demand for customised corrugated boxes in this sector will therefore drive the market in the coming years.

Corrugated Boxes Market Landscape

Smurfit Kappa Group Plc, International Paper Company, WestRock Company, Georgia Pacific LLC, Oji Holdings Corporation, DS Smith plc are the top players operating in the target market. Furthermore, NAMPAK Limited, METSÄ Group, Orora Limited, are also noticeable players in the market. The Tier 1 players in the market hold 30-35% in the global market for corrugated boxes.

Future Market Insights predicts that the global direct-to-shape (DTS) inkjet printers market is projected to expand twice its current value by the end of 2030. The increasing demand for economic and high-speed printing from packaging converters is expected to drive the direct-to-shape inkjet printers market.

The concept of direct-to-shape inkjet printer is a game changer, as it widens the perspective for branding and offers high resolution image quality. DTS inkjet printers can be used on a variety of shapes and curvatures made of different materials like glass, plastic, metal, and cardboard amongst others.

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This allows brands to customize product design, bolstering the demand for DTS inkjet printers in the market. Thus the rising demand for products with complex designs is expected to bode well for the market during the forecast period.

Analysts anticipate that the key driver behind the growth of direct-to-shape inkjet printers is the high performance and mass customization offered by such printers. The fact that DTS inkjet printers allows packaging converters to interconnect with consumers by enhancing brand recognition in diverse ways to surge reliability is expected to drive market.

Key Takeaways of Direct-to-Shape Inkjet Printers Market

• Food is estimated to be the key end user of direct-to-shape inkjet printers market as it is poised to account for nearly quarter of the total market in 2020
• Plastic to account for the lion’s share with an incremental opportunity of US$ 877 Mn by 2030
• Bottles and cans cumulatively accounts for nearly 40% off the global direct-to-shape inkjet printers market by value, as the segment aims to reach over US$ 1 Bn by 2020 end
• Solvent-based inks to lead the direct-to-shape inkjet printers market, clocking CAGR of 9.3% during the forecast period
• North America represents an incremental opportunity of almost US$ 700 Mn by 2030 with presence of large number of inkjet printer manufacturers in the region
• South Asia represents most lucrative region in terms of CAGR in the direct-to-shape inkjet printers market

“Key manufacturers are entering into strategic partnerships and collaborations with graphic manufacturers and digital solution providers to innovate and build on offerings within the market. The strategy helps the manufacturers in enhancing its product portfolio with the release of new products, creating opportunities to expand to new horizons,” says an FMI analyst.

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Rapid Expansion of End-use Industries fueling Growth of the Direct-To-Shape Inkjet Printers Market

The extensive use of direct-to-shape inkjet printers for printing applications is increasing. Color consistency and efficiency plays a crucial role in food and beverage packaging. DTS inkjet printers market offers excellent color consistency as well as high speed print runs, which are preferred by food and beverage packaging converters. This has been identified as the key factor augmenting the brand image, giving the players a competitive edge.

Also, the benefits of direct-to-shape inkjet printers such as, high-quality graphic design and versatility toward a wide variety of substrate are boosting the market.

Moreover, DTS inkjet printers outperforms in different aspects such as reduced processing time, material saving, and increased efficiency of industrial production by operating on flexible volume as per customer’s requirement. Such factors are responsible for accelerating the market growth during the forecast period.

The short-run capability of direct-to-shape inkjet printers enables packaging converters to print the exact quantity required and thereby reduce the need for long print runs. Hence, direct-to-shape inkjet printers are widely accepted in end-use industries for printing.

Impact of COVID-19 on Direct-to-Shape Inkjet Printers Market

Amidst the coronavirus outbreak, direct-to-shape inkjet printers market is expected to plummet as industrial production of various end use segments such as like food and beverage, cosmetics, and fashion comes to a near halt. However, pharmaceutical industry is expected to project at a CAGR of 8.2% during the forecast period, owing the increase use of medical products like vials, bottles, etc.

Thus, FMI predicts that the demand for DTS inkjet printers will be high in the pharmaceutical sector in the coming months as the healthcare systems grapples to deal with the ongoing COVID-19 pandemic.

Printing requirements on vials, bottles, and medicines amongst others will offer DTS inkjet printers excellent opportunities in the next few months.

Direct-to-Shape Inkjet Printers Market Landscape

Key players in the market hold more than 10% in the global direct-to-shape inkjet printers market. The key players operating in the global direct-to-shape inkjet printers market include Heidelberg USA, Inc., Xaar plc. Tonejet Limited, Isimat GmbH Siebdruckmaschinen, Koenig & Bauer Kammann GmbH, Velox Ltd., Mimaki Europe B.V., O.M.S.O. SpA, Xerox Corporation, Epson America, Inc., Roland DG Corporation, INX International Ink Co., and Engineered Printing Solutions, Inc. among others.

Direct-to-Shape Inkjet Printers Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global direct-to-shape inkjet printers market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030.

The study reveals growth projections on the plastic pails market on the basis of ink type (Solvent based, Water based and UV curable inks); by substrate type (plastic, glass, metal, paper, fabric, wood); by application (bottles, cans, drums, folding cartons and others (bags, trays)); by end use (food, beverages, pharmaceuticals, cosmetics, personal care and homecare, chemicals and others (automotive, etc.) and across seven regions

High density polyethylene (HDPE), one of the most durable and versatile forms of thermoplastics, is gradually gaining the title of a preferred packaging material at a sluggish pace. While the top sought attributes of HDPE include high strength-to-density ratio, weatherproof nature, chemical resistance, lightweight characteristics, and economical price point, it more importantly meets the FDA and USDA standards that are mandatory especially in case of the use of HDPE bottles in food and beverages sector.

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Projected to cross the US$ 50 billion mark in 2019, the global revenue of HDPE bottles landscape is likely to expand gradually year on year. As explained in a new research study presented by Future Market Insights, the global HDPE bottles market will demonstrate passive growth over the next few years; however, increasing inclination towards adoption of HDPE as a raw material over conventional thermoplastics is likely to be witnessed.

High Recyclability Accounts for Growing Popularity of HDPE Bottles

Low quantity chemicals as well as drugs used for household or OTC applications are generally packaged in HDPE bottles. A widely preferred container for chemical products, HDPE bottles are highly recyclable. As the recycling process is relatively less complicated and more efficient, packaging manufacturers are gradually inclining towards HDPE as a raw material for packaging a range of products. Being one of the most considerate and least permeable packaging formats, HDPE bottles are likely to find widening applicability in packaging.

Asia Pacific Secures the HDPE Production Hub Title for Manufacturers of HDPE Bottles

Asia Pacific, especially China, has been contributing significantly to the global HDPE production capacity over the years and according to FMI’s study, APAC remains a significant HDPE producer in the near future. North America and Europe also stand important in sustaining the HDPE production scenario, whereas the report indicates promising performance of the Middle Eastern & African region.

HDPE Bottles Find Growing Applications in Personal & Home Care Products and Cosmetics

HDPE bottles are prominently used in the F&B, automotive, personal care & hygiene, and household care segments. Besides F&B, pharmaceuticals also register a decent rate of adoption of HDPE bottles owing to being reliable in terms of safety of packaged food and beverage products. The study points to dramatically growing per capita expenditure on personal care and beauty products worldwide, especially in developing economies. Escalating sales of bath and shower products, dermatological products, and essential toiletries are translating into increasing volume sales of HDPE bottles.

Globally, over 100,000 HDPE bottles are expected to be sold by this year’s end. Growing consumer spending power is playing a vital role in popularizing the usage of HDPE bottles among packaging companies serving the personal care and cosmetics industry. Moreover, the widening expanse of Ecommerce is encouraging demand for HDPE bottles for a plethora of products across industries.

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Is Recycled HDPE the Sustainable Solution to Cost Optimization?

With an emerging alternative of recycled HDPE bottles, manufacturers are striving to reduce dependency on the prices of raw materials. While high raw material cost has been a longstanding factor suppressing wide adoption of HDPE bottles for packaging, manufacturers are gradually opting for the usage of recycled HDPE material for manufacturing HDPE bottles. Unilever recently launched recycled HDPE bottles of a few recognized Australian brands selling personal and home care products, in ANZ. The brands involved are Dove, Sunsilk, Surf, OMO, and TRESemmé.

Leading packaging manufacturers are prominently focusing on developing sustainable HDPE packaging solutions to meet stringent regulatory standards set by governments of various countries. However, as the pricing volatility prevails in the HDPE bottles landscape, it is most likely to pose a negative influence on the future of HDPE in packaging. The HDPE bottles market analysis by FMI offers deeper insights on how superior material alternatives such as PET and LDPE are restricting rapid penetration of HDPE bottles. 

Rising demand for lightweight and environmentally sustainable materials for packaging is expected to propel growth in the stretch films market, finds Future Market Insights (FMI) in a new study. Stretch films are highly engineered stretchable films used in packaging applications due to their elasticity and pliability. They are used to provide superior packaging since they possess moisture and air resistance properties.

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Increasing demand in ecommerce and food & beverages sector for bulk packaging is expected to drive the market growth. These films ensure strong and time saving packaging, making it a popular product in the market. Increasing caution regarding hygiene and concerns regarding the environment have increased demand for stretch films as they provide air tight packaging and can be recycled or incinerated following usage.

Key Takeaways from the Stretch Films Market Report

• The stretch films market is expected to grow at a CAGR of 4.7% due to increasing demand for safe and efficient packaging
• South Asia is expected to offer lucrative growth opportunities to the market applications of stretch films in the food and beverages industry continue to rise
• Linear low density polyethylene (LLDPE) will remain the preferred polyethylene due to demand for damage resistant packaging during product transportation
• Demand from the food and beverages industry is expected to grow due to increasing use of stretch films for strong and lightweight packaging

“Restrictions imposed on single use plastic and plastic bags across various nations have been posing threat to market players. These regulations have been encouraging paradigm shift to eco-friendly materials. Some of the leading manufacturers are committing to sustainability by introducing recycled stretch films. The market is expected to gain momentum as it transitions towards eco-friendly alternatives of polyethylene and other plastics used as material sources,” says an analyst at FMI.

COVID-19 Impact Analysis

The COVID-19 pandemic has affected most sectors including the stretch films market. There had been a decrease in demand for stretch films, which has in turn adversely affected the industry. Lack of availability of raw materials due to transport restrictions and fluctuating material prices have been hindering growth. According to FMI, the market’s growth receded below 1% CAGR in 2022. Nonetheless, it is expected to gradually recover 2023 onwards. Increasing demand for safe packaging is expected to increase growth in the market following the pandemic.

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Who Is Winning?

Companies operating in the market are alternatives to increase sustainability. Innovations and advancements by leading players are intended to gain competitive advantage in the market.

Megaplast introduced ‘Fiber Stretch Films’ that contain 30% PCR content that enable recycling and are an eco-friendly choice.

Barbier Group’s Recyplast is integrated using 20% of real post consumer waste. Their down gauged films display 15% cost reduction.

Some of the key players in the stretch films market are Dow Chemical Company, Norflex, ERGIS Group, Veritiv Corporation, Berry Plastics, Paragon Films, Intertape Polymer Group, AEP Industries Inc., Sigma Stretch Film Crop., Anchor Packaging Inc., Scientex Berhad, Coveris Inc., Smurfit Kappa Group, Vishakha Polyfab, Allen Plastic Industries Co. Ltd., Interplast Group and Manuli Stretch.

Valuable Insights into The Stretch Films Market Report

Future Market Insights (FMI) has presented a detailed analysis on the stretch films market with an assessment for the years 2020-2030. The market has been segmented in order to provide enhanced comprehension. On the basis of material, the market is divided into polyethylene (linear low density polyethylene [LLDPE] and low density polyethylene [LDPE]), polypropylene (PP), polyvinyl chloride (PVC) and others. The LLDPE segment is predicted to dominate the market due to its strong packaging abilities and varied usage.

The market is segmented based on the manufacturing process into cast stretch film and blown stretch film. On the basis of end use, the market is segregated into constructions, food & beverages, pharmaceuticals, consumer product, paper, textile and chemicals & fertilizers. The food and beverages industry display major growth due to increased demand for air resistant materials in packaging. Based on the geography, the market is divided into North America, Latin America, Europe, East Asia, South Asia, Middle East & Africa and Oceania.

The coffee house has been a traditional and evergreen place to interact between two people or more, with the change in time, the demand for disposable coffee cups has been growing along with the need of cup sleeves. Cup sleeves act as an insulator and thus allow the patron to protect their fingers from getting burnt, especially sipping hot beverages.

In recent years,  with the rise in purchasing power of people, users of paper disposable paper cups have amplified at an increasing level, so the demand for cup sleeves has been growing, so we can clearly state the fact that disposable coffee cups and cup sleeves supplements each other. The demand for hygienic beverages has increased, users are becoming circumspect in regards to their choice of tableware for any form of meal. Cup sleeve is from a family of ancient coffee cup holder “Zarf.”

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Cup sleeves market: Dynamics

The swift progress of significant economies due to globalization in contemporary years, there is a rise of demand all over the hospitality industry, the increasing market of tourism leading to the progress of various dependent sectors, it will ultimately lead to the growth of cup sleeves market in forthcoming years.

An increase in disposable income of an individual is leading to a rise in spending on quality served food and especially on drinks. Specifically, during traveling and leisure time, visitors/ tourists prefer hygienic food and beverages. With the growing demand for biodegradable disposable products and keeping away from plastic disposables, one of the critical factor, this might ignite the growth of cup sleeves market at an international level.

Companies are coming with the concept of advertising on coffee cups sleeves; this gives them several advantages to promote their brand such as its cost effective, long exposure time and extensive reach, and with QR codes on cup sleeves they can track the user’s counts. The demand for attractive designed cup sleeves cups, especially for gifting purpose during festive seasons will be a new market in upcoming years. Consumers are more inclined towards customized cup sleeves for their usage; they are customizing cup sleeves that are made of wool, leather, and many other material types. The market of customized cup sleeves is trending in developed economies and has the massive potential of personalized cup sleeves in the market of emerging economies in recent years to come.

International regulatory bodies are coming with partial plastics bans. This step is an indication of the more utilization of disposable cups, and this will lead to more demand for cup sleeves market.

Cup sleeves market: Regional Outlook

Countries in the Asia Pacific region are expected to represent substantial growth opportunities for the cup sleeves market owing to the emerging economies and can purchase a high-end product.

North America followed by Western Europe, is expected to create tremendous incremental opportunities for cup sleeves market, which could an attribute to high per capita consumption, especially during traveling and outside food in the region. The market of Africa and Latin America could be a key market for cup sleeves market in upcoming years

The disposable income of people from the emerging economies of the countries would lead to the growth of the market. The overall cup sleeves market is expected to have a progressive outlook and grow at a healthy CAGR in the coming years.

Cup sleeves market: Key Players

Some of the key players operating in the cup sleeves market are DOBI, Xuancheng Bo Site Commodity Co., Ltd. and many local and unorganized players are expected to contribute to the global cup sleeves market in recent upcoming years to come.

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, macroeconomic 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.

Regional analysis includes –

North America

Latin America

Europe

Middle East and Africa (MEA)

East Asia

South Asia

Oceania

Cup sleeves market: Segmentation

Globally, cup sleeves market segmented into many subsets.

Based on material type

Kraft paper

Coated paper

Based on cup Capacity

12 OZ Cups

16 OZ Cups

20 OZ Cups

22 OZ Cups

24 OZ Cups

Based on end uses

Food & Beverages Industry

Restaurants and Hotel Industry

Household & Offices

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Report Highlights:

A detailed overview of the parent market of cup sleeves market.

Changing market dynamics in the industry.

In-depth segmentation of the global cup sleeves market.

Historical, current, and projected size of the global cup sleeves market, regarding volume and value.

Recent industry trends and developments in cup sleeves market.

Competitive landscape in the global cup sleeves market strategies for key players operating in the protective fabrics and products offered by them.

Potential and niche segments, geographical regions exhibiting promising growth of paper souffle cup market.

A neutral perspective on performance of the cup sleeves market.

Must-have information for global cup sleeves market to sustain and enhance their market footprint.