14-Jan-2021 | Zion Market Research
As per the analysts at Zion Market Research, the global shoe packaging market is anticipated to attain a value of around USD 7.89 billion by 2025, expanding at about 6.2% CAGR during the forecast period from 2019 to 2025. Few of the active players within the global shoe packaging market are Royal Packers, Elevated Packaging, Packman Packaging Private Limited, Precious Packaging, Samrat Box Mfg. Co. Pvt. Ltd., Zhuhai ZhuoYa Packing Product Co., Ltd., Sneakerbox Co., and Cross Country Box Company.
Introduction Of Sustainable Packaging Materials Likely To Boost The Global Market Growth
The global shoe packaging market is anticipated to observe considerable growth during the forecast period owing to the introduction of sustainable packaging materials, consumer preferences, and the requirement for lucrative designs. Several customers in developed nations are inclined to shoes that are presented in urbane handbags. Such inclinations are beneficial for the expansion of the global shoe packaging market. Further, the makers of shoe packaging products are observing positive backing from the surfacing of sustainable materials. In addition, rules made by the government that encourages the usage of eco-friendly packaging are also expected to fuel the global shoe packaging market growth. Moreover, the new entrants and leading players within the global shoe packaging market are implementing ground-breaking designs that lure the people but also save raw material costs.
Corrugated Boxes, By Product Type, Expected To Hold The Biggest Share In The Global Market
The corrugated boxes segment, based on product type, is expected to register the biggest share in the shoe packaging market during the coming period. Corrugated boxes are ordinarily utilized for shoe packaging, right from the global players to the local shoe makers, for its single packaging pattern and that is appropriate for nearly all shoe types and low manufacturing cost. Moreover, the reusable shoe packaging segment is also anticipated to expand at a substantial rate during the forecast period owing to its well-recognized designs that are fabricated for the reusability purpose in diverse manners, for instance, Rapha cross shoe packaging that is intended to keep beer and fries in it.
Asia Pacific Anticipated To Dominate The Global Market During The Forecast Period
Regionally, the global shoe packaging market is anticipated to be dominated by the Asia Pacific region. Countries such as South Korea and China are seen as global manufacturing hubs, whereas a gigantic customer base within India is also fortifying the existence of the Asia Pacific region on the worldwide shoe packaging market. Further, swift industrialization in emerging regions is also fueling the need for shoe packaging, whereas developed markets are observing vigorous contributions from leading global players. In addition, the shoe packaging market in North America is also projected to witness lucrative growth, mainly because of the proactive customer lifestyles that are propelling the shoes’ sales throughout Canada and the US.
Browse the full “Global Shoe Packaging Market - By Shoes Type (Loafers, Running Shoes, Short Shoes, Leather Shoes, Casual Shoes, And Long Boots), By Product Type (Corrugated Boxes, Reusable Shoe Packaging, Sustainable Reduced Shoe Boxes, And Tubular Packaging), By Distribution Channel (Offline And Online), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/shoe-packaging-market
The global shoe packaging market is segmented as follows:
By Product Type
By Shoes Type
By Distribution Channel
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