The clear plastic boxes market is slated to reach a valuation of US$ 99.9 Billion in 2022. During the forecast period ranging from 2022 to 2032, a CAGR of 4.4% has been projected for the market, expected to reach US$ 153.65 Billion, according to Future Market Insights.
| Data Points | Key Statistic |
|---|---|
| Market Value in 2022 | US$ 99.9 Billion |
| Market Value in 2032 | US$ 153.65 Billion |
| Growth Rate (2022 to 2032) | 4.4% CAGR |
Advancement of plastics received an impetus in the last two to three decades as natural materials such as wood was not available in ample quantities; artificial materials such as steel, and glass were found to be very expensive or could not provide cheaper solutions for packaging products of mass consumption.
In the modern era, the usage of plastics both in terms of quantity and variety is perhaps the correct index of industrialization. Besides, the increasing application of plastics in food packaging has boosted the growth prospects in recent years.
To further enhance food safety, several producers consider the use of clear box packaging. This packaging permits the consumer to display the product before buying, so they can ensure it has not been compromised and will function properly once it’s out of the packaging.
Clear plastic packaging not only improves food safety, however, modern plastic is also more resilient than paper, so it also shields a product’s integrity. Plastic packaging, along with advances in other forms of packaging, allows for better-quality packaging performance, functionality, and durability.
From baby bottles to optical lenses to television or mobile phone, the applications list is unending for clear plastics. Nowadays, there is an abundance of clear or transparent plastic materials that make products more striking as well as portable to use over conventional glass.
Clear plastic boxes also assist in building trust over the brand and product, as customers can see the product before purchase. Rendering to this, clear plastic packaging serves to both protect the product and deliver an extraordinary form of marketing. Despite judging products based solely on the appeal and design of the package, consumers can instead make purchases based on the product’s actual quality.
In response to the changing trends, the old-style processing and packaging technologies have either been upgraded or a few novel technologies have progressed to match new requirements. Manufacturers are investing in R&D to create lightweight, durable, and shatter-resistant products by reducing the lower production costs
These new processes either extend the shelf-life of a food product or allow more sophisticated products or different packaging concepts. They also improve the nutritional and sensory properties of the food product during its entire shelf-life. The demands and requirements of consumers constantly change.
As new and innovative products advance, so do the methods used to package these products. In Oct 2021, Printex Transparent Packaging (PTP) has a New clear 100% PCR PET that looks virtually identical to virgin PET and it is made from 100% domestically sourced recycled PET plastic.
Up until now, North American PET sheet and film producers have only offered up to 25% and 50% post-consumer recycled content (PCR) plastic for box-grade packaging. Previously, it was difficult to produce a clear and un-tinted PET in 100% PCR. PTP calls their new material Eco-PET 100. It's a sustainable, clear replacement for virgin PET.
Considering these factors, Future Market Insights forecasts that the clear plastic boxes market is likely to witness moderate growth over the projection period.
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In recent years, flexible packaging has shown a dynamic shift in the packaging market across the globe. Flexible films manufacturers are supporting the demand for technological innovation in the packaging materials. Packaging manufacturers are presenting aesthetic and innovative looks in the packaging of the product to have a competitive advantage over the rivals.
Nowadays packaging is not just used to protect the product but also for giving convenience to the customers. Clear Plastic boxes are characterized by the robustness from the strength derived due to rigid plastics. Makers are furthermore hoping to overhaul the buyer base by customization in order to fulfill the customer's need.
To have the upper hand on the market, manufacturers are presenting clear plastic boxes which can store objects or gadget with an unpredictable shape to expand the new customer base.
The consumer packaging market has witnessed a substantial growth in recent few years that in turn raised the sales of clear plastic boxes over the forecast period. However, the rise in the purchasing power of buyers is expected to impel the growth of clear plastic boxes.
In addition, younger generation constantly inclined to take products which have a higher end look. As a result of this cosmetic manufacturing companies are mainly focusing on attractive, efficient and portable packaging solutions along with quality.
Furthermore, consumer product manufacturing companies also launch their products in the international market where brand positioning of the product depends on its packaging as a result of this clear plastic boxes have seen considerable growth over the forecast period 2017-2025.
Moreover, due to strict norms from the government for the usage of plastic are hampering the market for clear plastic boxes. Another challenge faced by the market for clear plastic boxes are the problems related to the compatibility for the use of direct to substrate printing.
Principal Consultant
The global clear plastic boxes market can be divided into seven major regions which are as follows:
Asia Pacific region is expected to witness the highest growth for clear plastic boxes market over the forecast period 2017-2025. North America is anticipated to dominate the market for clear plastic boxes over the forecast period. Europe being a mature market is expected to witness a steady growth for clear plastic boxes market throughout the forecast period.
Latin America is expected to have a stagnant growth for clear plastic boxes market over the forecast period. Middle East & Africa region would also have a steady growth over the forecast period for clear plastic boxes market.
Few of the key players in the clear plastic boxes market are Hip Lik Packaging, Scatolificio Cristina Srl, Transparent Packaging, Inc., Gel-Pak, LLC, Hager & Werken GmbH & Co. KG, Ted Pella Inc., Structure Probe, Inc., UrCooker Industrial Co., Ltd., Tiger's Plastics, Inc., WEISHENG Commodity & Package Co., Ltd., Maxbourne Industrial Co., Ltd., Ningbo Hinix Hardware Industry & Trade Co., Ltd., Fuzhou CrysPack Opto-Electronic Technology Co., etc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The global clear plastic boxes market can be segmented by the material type, by product type, by capacity and by end user base.
On the basis of material type, the global clear plastic boxes market is segmented into:
On the basis of product type, the global clear plastic boxes market is segmented into:
On the basis of shape, the global clear plastic boxes market is segmented into:
On the basis of application, the global clear plastic boxes market is segmented into:
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Clear Plastic Boxes Market
