The ‘Global Rigid Box Market Size, Share, Demand, Growth, Report, Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global rigid box market, assessing the market on the basis of its segments like material, product types, end uses, and major regions.
Global Rigid Box Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 4.90%
The increased demand for premium products sold along with premium packaging is fueling the growth of the global rigid box market. The brands, after realising that customers associate packaging quality with the overall standard of the product, have started to work towards providing more innovative and aesthetic packaging, especially with products like watches, perfumes, and key chains, among others. Also, these products are very common gifting items among the masses, and because the packaging is a crucial part of gifting, it is essential to make sure that these products are packed properly.
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The emergence of the e-commerce sector combined with overall growth of the transportation and logistics industry has resulted in the global rigid box market growth. People shipping their articles across the globe and e-commerce retailers delivering products to their customers want to ensure the packages reach the desired location safely and intact. Hence, a surge in demand for rigid boxes, especially for the shipment of expensive products, can be witnessed.
The growing inclination towards cosmetics and personal care owing to evolving lifestyles and growing western influence has increased the demand for cosmetic products. These products are generally sent to distributors in bulk orders; hence, comparatively larger rigid boxes are used to ship these products. These boxes are also used to deliver snacks, beverages, electronic components, and healthcare supplies in bulk.
Global Rigid Box Industry Definition and Major Segments
Rigid boxes are non-flexible and protective boxes used for transporting, showcasing, and advertising delicate or expensive items packed independently. They come in various shapes, sizes, and designs as per the product requirement and purpose of use.
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By material, the global rigid box market is divided into:
- Paper and Paperboard
Based on product type, the market is categorised into:
- Shoulder Neck Box
- Rigid Sleeve Box
- Hinged Box
- Telescopic Box
- Two-Piece Box
- Collapsible Box
By end use, the market is segmented into:
- Cosmetics and Personal Care
- Food and Beverages
- Electric and Electronics
The major regional markets for rigid box include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Rigid Box Market Trends
The expansion of restaurant and cafe chains is favouring the growth of the global rigid box market. The growing trend of take outs and home food deliveries demands secure packaging. Bakery products such as cakes, pastries, and muffins, among others, are very delicate and hence must be carried upright. So to avoid any complaints or unsatisfied customers, the bakeries pack these products in rigid boxes to maintain the quality and aesthetic of the food. Additionally, brands have started to hand out customised rigid boxes for home delivery and take outs to promote their business through printing and packaging.
The paper and paper board material segment is expected to hold a significant share in the global rigid box market over the forecast period owing to the growing e-commerce sector shipping thousands of products daily across the globe and an increase in demand for packaged food and beverages. The transportation of products requires a lightweight, cost-effective, yet sturdy box. Hence, paper and paperboard boxes are a popular choice for transporting such articles.
The North America region is expected to show significant growth over the forecast period due to the increasing culture of home delivery and take-outs that require secure packaging. Along with this, the growing trend towards consuming packaged food and drinks is further propelling the market growth. The Asia Pacific is also expected to show healthy growth over the forecast period owing to the thriving e-commerce industry and growing online sales of consumer electronics in the region.
Key Market Players
The major players in the global rigid box market report are International Paper, Metsä Group, Mondi plc, Great Little Box Company Ltd., Packaging Bee, Stora Enso Oy, Smurfit Kappa Group, Schwarz Partners Packaging, LLC., Georgia-Pacific LLC, and Synergic Impressions Pvt Ltd, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
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