Barn Style Boxes Market: Industry Outlook, Growth Prospects and Key Opportunities
Barn style boxes are primarily used for the packaging of the gifts and food products globally. Increasing consumer demand for convenient food packaging products has led to the innovation of barn style boxes. Barn style boxes are made from corrugated paper which is fully recyclable and compostable. These boxes are lighter in weight and provide longer shelf life to the products stored inside.
Due to increasing demand for cost-effective and efficient packaging solution, companies present in the barn style box market are continuously involved in the innovation of their products. The demand for takeaway and packaged food has increased significantly in the last few years which is expected to further fuel the barn style boxes market. Barn style boxes are also available in custom made sizes according to the requirement of the B2B customers.
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Barn Style Boxes Market: Market Dynamics
The barn style boxes market has witnessed a significant growth in the last few years due to the changing consumer preferences towards convenient packaging solution. Also, the high demand for packaged and takeaway food has further increased the demand for barn style boxes in the developed countries. However, the penetration of the barn style boxes for food application is still very low in the developing countries such as India, China, Brazil, etc.
Due to increase in disposable incomes of the middle class households in the developing countries, the demand for global packaged food market has increased to approximately US$ 2.6 trillion in 2016. The demand for barn style boxes may decrease due to the introduction of the alternative packaging solutions for the similar packaging applications. There are lots of opportunities for the new entrants in the barn style boxes market to introduce their products in the emerging economies.
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Barn Style Boxes Market: Market Segmentation
Barn Style Boxes Market Segmentation: By Box Capacity
Up to 5 lbs
5 lbs – 10 lbs
10 lbs – 15 lbs
More than 15 lbs
Barn Style Boxes Market Segmentation: By Material
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Barn Style Boxes Market: Regional Overview
On the basis of region, the Barn Style Boxes market is segmented into seven regions which include North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific, Middle East & Africa, and Japan. The North America and Europe leads the global barn style boxes marker in terms of volumetric consumption. This is primarily due to changing consumer lifestyle and high demand for packaged food in the region. The demand is expected to increase by several folds in the Latin America and Asia-Pacific regions with a CAGR value of more than 7%-8% in the next few years. Japan and MEA region also offer untapped growth potential in the global barn style boxes market.
Barn Style Boxes Market: Market Players:
Some of the key players in the Barn Style Boxes market are Albany Packaging, Southern Champion Tray, LP, WestRock Company, BABCOR Packaging, and Others.
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