The global printed boxes market was valued at around USD 20.4 billion in 2022. In the current year, 2023, the net worth of the global market is estimated to be about USD 21.4 billion. Printed box sales are projected to increase at a healthy CAGR of 4.8% and top a valuation of USD 34.2 billion by 2033.
According to the study, the global printed boxes market is projected to expand 1.7x the current market value during the forecast period. Based on material type, the demand for paper printed boxes may accelerate at a CAGR of 5.2% due to benefits such as biodegradability, lightweight, reusable, etc.
Packaging plays a significant role in making the brands popular and also has a considerable role in increasing target audiences for the business. Hence, the manufacturers are providing advanced printing options with custom packages, improving the demand for attractive printed box packaging among end users.
China's packaging printed boxes market is expected to witness an incremental growth of 2.0x during the forecasted period. Across the United States, printed box sales are estimated to reach USD 3.1 billion in 2023. However, India is expected to witness robust growth, with sales increasing at a CAGR of 5.7% over the forecast period.
Report Attributes or Data Points | Details |
---|---|
Global Printed Boxes Market Valuation in 2022 | USD 20.4 billion |
Estimated Global Market Share in 2023 | USD 21.4 billion |
Forecasted Global Market Size by 2033 | USD 34.2 billion |
Projected Global Market Growth Rate from 2023 to 2033 | 4.8% CAGR |
Historical Market Growth Rate from 2018 to 2022 | 4.2% CAGR |
Collective Value Share of 3 Top Performing Countries in 2022 | 34% |
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As per Future Market Insights (FMI), the global market is expected to witness growth of 4.8% during the forecast period. Growth in the market is attributed to the rising adoption of packaging materials that are aesthetically pleasing and provide information about the product.
Expansion of several industries, such as pharmaceuticals, building & construction, and food & beverages, is one of the key factors facilitating the demand for printed boxes. To capitalize on this escalating demand, manufacturers are increasing the production of printed boxes. These boxes help to protect the goods, and the logos, tagline, and slogan on the box help in marketing.
These boxes can be customized in several ways; hence, the manufacturers are utilizing them in numerous ways to fulfill their advertisement requirements. These boxes also aid the retailers to get details about the product and adhere to the clean label trends and guidelines.
Printed boxes also give warnings about the product, which is fragile, so it can save the product from improper handling. Further, the rapid expansion of e-commerce and the printing revolution in the packaging industry may propel the growth in the printed box market.
With growing sales in the pharmaceutical sector, the need for safe and transparent packaging is surging across the globe. As medicines are an important part of the healthcare system, pharmaceutical firms ensure the safe packaging for medicines from external factors such as temperature, water, air, etc.
As the pharmaceutical industry has evolved in recent years, packaging has also improved because the pharmaceutical industry thinks printed boxes give strong messages to the consumer. The message printed on the box supports sales and marketing, making the products stand apart from the rest. The medicines are mainly available in a customizable printing approach that helps in keeping different types of drugs such as syrups, tablets, herbal powders, etc. Due to all these factors, printed boxes are in demand by drug manufacturing and pharmaceutical companies.
Printing is one of the key factors aiding the growth and expansion of the packaging industry. With the advent of digitization, key players in the market are leveraging technology to gain a competitive edge. Hence, digital printing is the most preferred method over conventional methods. With printed boxes, businesses are gaining traction by showcasing their branding elements and values to make product presentations attractive and appealing.
The latest technological advancements in digital printing use less toxic ink chemicals that are less harmful to the environment. The new water-based ink technology is odorless, food-safe, free of UV-reactive chemicals, and can be used in packaging for food and other sensitive applications. Hence, leading brands are leveraging their advanced print technology to launch powerful packaging-driven marketing campaigns. This may augment the demand for the overall market.
Increasing Application of Printed Boxes in the Pharmaceutical Industry to Push Sales
As per FMI, the increase in pharmaceutical manufacturers and growing demand for drugs produced in the country may boost the printed box market. The expansion of the pharmaceutical industry in India is expected to create a conducive environment for printed boxes in the future. Based on these factors, the Indian market could create an incremental opportunity of USD 1.4 billion by the end of 2033.
The United States market is expected to witness steady growth due to the high dependence of consumers on packaged food and the increase in food service suppliers in the country. The dairy industry is one of the key reasons propelling the demand for safe packaging, increasing sales in the market. Due to the development in the food & beverage industry, the demand in the United States market is expected to surge at a CAGR of 3.9% over the forecast period.
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Paper Printed Boxes Contribute More than 3 Out of 5 Sales in the Market
Paper-printed boxes have the highest market share, accounting for around 63% of the total market, as they provide various benefits such as safety, durability, and recyclability. It can be customized in all types’ shapes, sizes, and colors, which helps the manufacturer to promote their brand. Paper-printed boxes are highly efficient, cost-efficient, and sustainable. All these benefits of paper-printed boxes are aiding the growth of the global market.
Sales of Printed Boxes in the Food & Beverage Industry to Reach USD 9.3 billion by 2022
As per the study, the food & beverage industry may grow at a healthy CAGR of 4.5% over the forecast period. Due to an increase in demand for fast food and beverage products and snacks, the adoption of printed boxes is expected to burgeon.
The printed boxes are made from plastic, paper, metal, and wood and hence, are solid and durable. Consequently, printed boxes can give protection to food and beverage items from any risk and play a significant part in keeping the food fresh.
The printed boxes are functional as well as have an appealing appearance to attract customers; this may enhance the sales of printed boxes. As per the study, the food & beverage segment generated total revenue of USD 9.3 billion through 2022.
The global printed boxes market is extremely uneven and inexpensive. Key players use a variety of marketing techniques, including expansions, mergers & acquisitions, collaborations, and partnerships. Top organizations are also using new product creation as a strategic way to expand their market presence among customers.
Some Recent Deviations in the Market are as follows
Accurate Box Company Inc. and NETBOX - Upping their Printed Boxes Packaging Game via Sustainability
When it comes to printed boxes, companies are trying to manufacture highly graphic packaging with eco-friendly options to woo consumers. Accurate Box Company Inc., one of the leading names in the packaging world, specializes in high-graphic consumer packaging. It also features 175-line screen lithographic printing using state-of-the-art equipment.
The company specializes in printing up to 7 colors with high-gloss and UV coating to meet the high demand from end users. The company also uses 100% recyclable materials and eco-friendly inks for printed box packaging to provide tremendous flexibility and sustainability for better graphic designs.
For instance, in 2021, Accurate Box Company Inc. entered the world of digital printing. On August 31st, 2021, the company acquired a new high-speed digital printer to print double-sided boxes cheaply and expand its printing capacity.
Accurate Box is also revolutionizing e-commerce with attractive printing, such as photos, logos, colors, graphics, and even QR codes, to build the brand and offer better content & packaging. Accurate exports 1 million recyclable and sustainable printed boxes every day, with every box 100% recyclable.
Likewise, NETBOX is another name gaining traction in developing printed boxes. The company offers customer-oriented solutions with unique and flexible printing techniques. The company offers ideal packaging solutions with offset printing to capitalize on growing sustainability concerns.
Attribute | Details |
---|---|
Printed Boxes Market Size (2023E) | USD 21.4 billion |
Projected Market Size (2033F) | USD 34.2 billion |
Value CAGR (2023 to 2033) | 4.8% |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | Value (In USD billion) and Volume (In Units) |
Key Countries Covered | United States, Canada, Mexico, Brazil, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, India, GCC countries, and Australia |
Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; the Middle East & Africa; and Oceania |
Key Segments Covered | Material, Product Type, End Use, and Region |
Key Companies Profiled | Accurate Box Company, Inc.; New Box SpA; The BoxMaker; Printex Transparent Packaging; Netbox PL Sp. o.o.; Packaging Corporation of America; Tin King United States; CBS Packaging Group; Custom Packaging Boxes; ThecustomeBoxes; THN cardboard box; Packlane, Inc.; CompanyBox, LLC.; Glenmore Custom Print & Packaging; AXIS Corrugated Container; G.R. Packers; Npack ltd.; PackMojo; G. K. P. Printing & Packaging Ltd.; Kane Packaging & Printing, Inc. |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The printed boxes market CAGR 2033 is 4.8%.
The market is estimated to secure a size of USD 21.4 billion in 2023.
The projected market value of the market for 2033 is USD 34.2 billion.
Key players are developing the market by investing in new technologies.
The market is gaining momentum due to the increasing demand for customized packaging.
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 Material 5.1. Plastic 5.2. Paper 5.3. Metal 5.4. Wood 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 6.1. Slotted Box 6.2. Folder Box 6.3. Telescopic Box 6.4. Die Cut Box 6.5. Hinged Box 6.6. Shoulder Neck Box 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Food & Beverages 7.2. Homecare 7.3. Personal Care & Cosmetics 7.4. Pharmaceuticals 7.5. Automotive 7.6. Building & Construction 7.7. Fashion, Apparel, and Accessories 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. Accurate Box Company, Inc. 18.2. New Box SpA 18.3. The BoxMaker 18.4. Printex Transparent Packaging 18.5. Netbox PL Sp. o.o. 18.6. Packaging Corporation of America 18.7. Tin King USA 18.8. CBS Packaging Group 18.9. Custom Packaging Boxes 18.10. ThecustomeBoxes 18.11. THN cardboard box 18.12. Packlane, Inc. 18.13. CompanyBox, LLC. 18.14. Glenmore Custom Print & Packaging 18.15. AXIS Corrugated Container 18.16. G.R. Packers 18.17. Npack ltd. 18.18. PackMojo 18.19. G. K. P. Printing & Packaging Ltd. 18.20. Kane Packaging & Printing, Inc. 19. Assumptions & Acronyms Used 20. Research Methodology
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