Europe represents a 25% market share of the global top bottom packaging board market. North America will remain the most lucrative market for top bottom packaging boxes, accounting for a 27% share
NEWARK, Del, Oct. 03, 2022 (GLOBE NEWSWIRE) — The world bottom packaging box market is expected to reach a value of US$1,898.6 million by 2032, with the market growing at a stagnant CAGR of 3.3% over the forecast period of 2022 to 2032. Driven by growing demand in the health and beauty, the market for high-end packaging boxes is likely to reach approximately US$1,378.2 million in 2022. These packaging boxes are often used for packaging cosmetic items and are in high demand in several end-use industries.
For the majority of consumer products and gifts, Top Bottom packaging boxes are more often than not the ideal packaging solution for much of the consumer goods and giftware industry. It is a very affordable and productive packaging option for a wide range of market products. The lower upper packaging boxes each have a lid that encompasses the lower box, which includes the product. This feature ensures safe delivery of the packaged item.
These boxes are available in different sizes and shapes to meet the requirements of manufacturers. Top to bottom packaging boxes are designed to protect the packaged product from damage throughout handling and shipping. Additionally, many companies also use these boxes for advertising purposes – they pack their products in these boxes as they provide visual appeal to consumers. The majority of watches and shoes in the market are packed in bottom packing boxes.
Thus, these boxes are quite popular in the consumer goods sector. In addition to consumer goods, boxes are gaining various applications in multiple industries such as automotive, personal care, food and beverage, and many more. Top to bottom packaging boxes are usually made of paper and plastic. As these materials contain a high level of resilience and strength, the top bottom packaging box market is expected to continue to gain momentum over the assessment period.
“The expansion of the consumer goods sector will propel the demand for packaging boxes upwards and ultimately lead to the market growth of the target market during the forecast period,” says an IMF analyst.
Key points to remember:
Innovation in existing top-bottom packaging boxes as well as improvements in the materials used to produce these boxes will strengthen the market prospects.
The presence of alternative packaging solutions may hamper the growth of the market.
The abundance of raw materials will drive the market growth in Southeast Asia.
Rising disposable income is driving the overall growth of the Asia-Pacific target market.
North America accounts for approximately 27% of the global market for top bottom packaging boxes.
Pisacone Srl, Essence Ecocrafts Ltd., Dongguan Fullbright Industry Co. Ltd., FABREGAS PACKAGING SL, Duke Packaging, China Doso Pak Co. Ltd., Tiny Box Company Ltd., Staples Inc. and Koch & Co., among others some of the Top players of Packaging Boxes market from top to bottom presented in the full version of the report.
Major market players are focusing on new product launches to improve their sales and profits. To maintain their market position, many players are constantly reinventing their product lines. These companies deploy strategies such as product approvals, mergers, acquisitions, partnerships, and collaborations to gain competitive advantage in the market.
More information about the Top Bottom Packaging Boxes Market report
In its latest report, FMI offers an unbiased analysis of the Global Packaging Boxes Market, providing historic data from 2016 to 2021 and forecast statistics from 2022 to 2032. To understand the potential, growth, and scope of the global market, the market is segmented. based on the type of material (paper-based upper lower packaging box, plastic-based upper lower packaging box, glass-based upper lower packaging box, plastic-based upper lower packaging box, ‘other materials), end use (upper lower packaging box for food and beverage, upper lower packaging box for gifts, upper lower packaging box for personal care, upper lower packaging box for personal care health, upper lower packaging box for other end uses) and region.
According to the latest IMF reports, based on segmentation, paper boxes with lid and base are likely to lead the market growth due to their environment-friendly property. Reusability and recyclability are driving the market growth of the paper-based packaging box segment.
Based on the region, the high-end packaging box market in Asia Pacific is expected to show impressive growth over the forecast period. The increase in disposable income coupled with the easy availability of raw materials in Southeast Asia is driving the overall market growth in the Asia-Pacific region. Furthermore, the top-to-bottom packaging box market in North America holds about 27% of the global market share, while Europe accounts for 25% of these shares. These regions are expected to continue their steady market growth over the forecast period.
Key Segments of the Top Bottom Packaging Boxes Industry Survey
Top Bottom Packaging Box Market by Material Type:
Top Bottom Paper Packaging Boxes
Plastic Based Top Bottom Packaging Boxes
Glass Base Top Bottom Packaging Boxes
Top Bottom packaging boxes made from other materials
Packaging Boxes Market Down by End Use:
Top Bottom Food and Beverage Packaging Boxes
Bottom packing boxes for gifts
Bottom packing boxes for personal care
Top Bottom Health Care Packaging Boxes
Lower top packaging boxes for other end uses
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis of the technology roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Market Context
3.1. Market dynamics
3.2. Scenario forecast
Read the full report with [email protected] https://www.futuremarketinsights.com/reports/lid-bottom-box-market
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