Press release
Global Shoe Packaging Market Size To Grow At A CAGR Of 4.10% During The Forecast Period Of 2023-2028
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.
Shoe Packaging Market Size, Share, Price, Growth, Trends, Industry Report, Key Players, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
Historical Market Size (2022): USD 5.28 billion
Forecast CAGR (2023-2028): 4.10%
Forecast Market Size (2028): USD 6.7 billion
Modern shoe packaging designs are being used by both long-standing companies and newcomers to the global shoe packaging market to appeal to a wider consumer base while also using less raw materials. The availability of these styles and their usefulness for storing and transporting a variety of shoe kinds are anticipated to accelerate the growth of the global market for shoe packaging.
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Growing consumer demand for shoes in the casual and athletic categories is also boosting market expansion. Due to the rising demand for shoes in a range of styles, including loafers, long boots, leather shoes, sports shoes, running shoes, and casual shoes, the market share for shoe packaging is experiencing considerable growth potential.
As shoes have generally been packaged in corrugated boxes, the corrugated shoe packaging segment is anticipated to account for a significant portion of the global shoe packaging market. Corrugated boxes are often used for shoe packaging by both global corporations and local shoemakers since they have a single packaging pattern that works for many types of shoes and have a low manufacturing cost.
Reusable shoe packing is expected to expand quickly since it may be used to store shoes for an extended period of time. Additionally, reusable shoe packaging is ideal for seasonal footwear, such as winter boots, which frequently need to be kept safe during the off-season.
Shoe Packaging Industry Definition and Major Segments
Shoes are stored, safeguarded, and transported in a secure manner using shoe packaging. The packaging can be used to visually represent shoes, communicate the brand's value to customers, and help brands stand out from competitors. To move shoes safely through the supply chain, shoe packaging is necessary. Since inadequate shoe packaging can result in damaged shoes which cause significant product recalls, the packaging cannot compromise on its ability to protect and store shoes.
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/shoe-packaging-market
Based on product, the market is segmented into:
Corrugated Shoe Packaging
Reusable Shoe Packaging
Tubular Shoe Packaging
Others
On the basis of application, the market is bifurcated into:
Commercial
Individual
Based on region, the market is categorised into:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Shoe Packaging Market Trends
The global shoe packaging market is predicted to experience a boom during the forecast period due to the rising demand from customers for eco-friendly and affordable packaging solutions. The rising consumer interest in creative packaging and growing demand for lightweight packaging is one of the key trends driving the market growth.
The packaging of any product is regarded as a form of advertising. The shoe packaging market has grown as a result of the appealing and eye-catching designs that various manufacturers have adopted for their shoe packaging, which have contributed to boost sales and further increase demand for shoes. Many luxury firms prefer to package their shoes in transparent boxes so that customers can see the shoes inside. This style of packaging has been well-received by many of their target customers, which has increased market demand.
Manufacturers of shoe packaging are also benefiting from the adoption of sustainable materials. Many shoe packaging providers and sectors are embracing eco-friendly packaging owing to a number of initiatives by various governments to promote it. The global expansion of the footwear industry has surged the opportunities for the global shoe packaging market. The necessity to supply shoes in a more appealing way and the rising demand for shoes are other factors affecting the market growth.
Key Market Players
The major players in the global shoe packaging market report are M. K. Packaging, Precious Packaging, Royal Packers, Cross Country Box Company, Elevated Packaging, Packman, Great Little Box Company, Marber, Merrypak, and Forest Packaging Group Co., 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.
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