The global Acrylic Boxes Market is anticipated to be valued at USD 235.4 million in 2023, forecast to grow at a CAGR of 4.7% to be valued at USD USD 372.6 million through 2033. Growth is attributed to the growing demand for acrylic boxes in the retail industry.
During the forecast period, many local and unorganized players are expected to contribute to the growth of the acrylic display boxes market.
Acrylic boxes are a special type of rigid packaging boxes made up of acrylic. These boxes can be produced with a transparent body. Transparent and lightweight features make them more attractive over other packaging boxes. These are used in displaying in jewelry shops, hotels, museums, cosmetic shops, aquarium fishing tanks, among others.
Acrylic display boxes can be customized according to the demand of customers on the basis of colors, shapes, and designs. Acrylic display boxes are transparent, lightweight and cost-effective, making them an attractive alternative compared to other packaging boxes.
Storage in acrylic display boxes enhances product visibility, which translates into increased sales. This is one of the major factors that is expected to propel the demand for acrylic display boxes in retail and specialty stores.
On the contrary, the requirement of high investment in raw materials is another factor that is anticipated to limit the growth of the market in the near future.
| Report Attributes or Data Points | Details |
|---|---|
| Global Acrylic Boxes Market Valuation in 2022 | USD 224.8 million |
| Estimated Global Market Share in 2023 | USD 235.4 million |
| Forecasted Global Market Size by 2033 | USD 372.6 million |
| Projected Global Market Growth Rate from 2023 to 2033 | 4.7% CAGR |
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Acrylic display boxes are transparent, lightweight, and cost-effective, making them an attractive alternative compared to other packaging boxes. These features are expected to accelerate the demand for acrylic display boxes across various end-use industries during the analysis period.
Additionally, storage in acrylic display boxes enhances product visibility, which translates into increased sales. This is another major factor that is anticipated to propel the demand for acrylic boxes in retail and specialty stores in the forthcoming years.
Moreover, acrylic display boxes can be used over a broad temperature range and possess superior weather resistance when compared to glass, wood, or other packaging boxes. In addition, growing retail chains are expected to pose lucrative growth potential for the acrylic boxes market. These factors are expected to positively impact the market over the forecast period.
Acrylic boxes might lose their share to wooden boxes or other plastic boxes, owing to their less durability and higher cost, which is one of the major factors that is expected to hinder the growth of the market during the forecast period.
These boxes are prone to scratches or stains more easily than glass display boxes which is anticipated to impede the growth of the acrylic boxes market in the near future. The requirement of high investment in raw materials might be another obstacle to the growth of the acrylic display boxes market.
Growing environmental safety regulations are a threat to the growth of the acrylic boxes packaging market. Fluctuating or volatile commodity market prices pose a challenge for manufacturers in the procurement of raw materials.
Substituent products and new entrants in the acrylic boxes packaging market require high investment in R&D and innovation by manufacturers. These factors are expected to hamper the market growth during the analysis period.
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In terms of regional platform, North America holds the largest market share. The region was figured out to have captured over 18% share in 2022. The United States and Canada are expected to remain at the forefront in terms of market share in the forthcoming years, owing to the changes in lifestyle in the region during the forecast period.
| Regional Market Comparison | Global Market Share in Percentage |
|---|---|
| North America | 18% |
| Europe | 13% |
| Asia Pacific | 12.4% |
| Middle East and Africa (MEA) | 8.3% |
According to Future Market Insights, Europe is expected to hold significant growth opportunities for acrylic boxes, and it reached a share of 13% in 2023.
In Europe, Germany is expected to be highly attractive in terms of market share as well as incremental opportunity. This is because of the large number of retail stores and supermarkets. The increased per capita disposable income and tough competition in the market stimulate the demand growth of acrylic boxes in the region.
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According to Future Market Insights, Asia-Pacific is expected to grow with lucrative growth opportunities for the market and hold a global market share of 12.4% in 2023.
Asia Pacific is expected to have a positive outlook during the forecast period, attributed to the increased per capita income and willingness to spend on aesthetics, especially in India and China. Manufacturers are further looking for innovative substitutes to make acrylic boxes more attractive and reliable.
According to Future Market Insights, Middle East and Africa is expected to provide significant growth opportunities for the market and generate 8.3% of the global revenue in 2022.
Changing lifestyles increased per capita income, and consumption power in the Middle East and Africa are driving the demand for acrylic boxes. Manufacturers are exploring innovative options to make the acrylic boxes look more reliable and attractive, which positively impacts the sales of acrylic boxes in the region.
There are many prominent market players in the market, such as Santa Monica Plastics, Cleatech LLC, Overture Displays, Planet Plexi Corp., Lazerosity, LLC, and BoxWorld, among others, who are working hand-in-hand to provide the best-in-class acrylic boxes for enhancing the global arena.
However, there are many global start-ups in the market, who are stepping forward in matching the requirements of the acrylic boxes domain.
The market for acrylic boxes appears significantly consolidated, characterized by the presence of a select group of manufacturers. The primary expansion strategy relied upon by these players includes introducing novel and innovative acrylic box designs customized for different industrial requirements.
In addition, these market players rely upon strategies such as acquiring small-scale players, collaborations, and partnerships.
According to Future Market Insights, the following acrylic boxes manufacturers are active in the industry: Linde & Larsen ApS, WeProFab, Hason Industries, TurkishExporter, Faberplast, Gevacril, Akrylix, S.D Corporation, Acrofab, Advent Plastic, WALGAS GROUP, and Clear Acrylic Display.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.7% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Market Value in 2023 | USD 235.4 million |
| Market Value in 2033 | USD 372.6 million |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million or USD billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | By Product Type, By Application, By Distribution Channel, By Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East & Africa |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Argentina, Chile, Peru, Germany, Italy, France, United Kingdom, Spain, BENELUX, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, GCC, Turkey, South Africa |
| Key Companies Profiled | Linde & Larsen ApS; WeProFab; Hason Industries; TurkishExporter; Faberplast; Gevacril; Akrylix; S.D Corporation; Advent Plastic; WALGAS GROUP; Clear Acrylic Display |
| Customization & Pricing | Available Upon Request |
The market is projected to reach USD 372.6 million by 2033.
The market is valued at USD 235.4 million in 2023.
The acrylic boxes market is likely to expand at a 4.7% CAGR by 2033.
North America with an 18% share dominates the market.
The Middle East and Africa market is expected to hold an 8.3% share in 2023.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Telescopic 5.2. Hinged 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 6.1. Cosmetic & Personal Care 6.2. Homecare Products 6.3. Food & Beverage 6.4. Pharmaceuticals 6.5. Electrical & Electronics 6.6. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 7.1. Online 7.2. Offline 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Linde & Larsen ApS 18.2. WeProFab 18.3. Hason Industries 18.4. TurkishExporter 18.5. Faberplast 18.6. Gevacril 18.7. Akrylix 18.8. S.D Corporation 18.9. Advent Plastic 18.10. WALGAS GROUP 18.11. Clear Acrylic Display 19. Assumptions & Acronyms Used 20. Research Methodology
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Acrylic Boxes Market
