The global slide tray box market is currently valued at US$14.5 Billion in 2023 and is anticipated to expand at a CAGR of 6.5%. Owing to the advances in packaging the market is likely to propel to US$ 27.2 Billion by 2033.
Other factors supporting the market growth are -
The handling, storing, loading, and unloading of the products become very easy with use the of slide tray boxes so they are more preferred packaging solutions. It provides easy insertion and removal of stored material.
Slide tray boxes are used for packaging of confectionery products, chocolates, dry fruits, and other food products. Increased demand for slide tray boxes in electronics for gadgets packaging to drive the market growth during the forecast period. The slide tray boxes market is witnessing a high growth rate owing to the growing demand from the e-commerce sector, food & beverage industry, electronics, and industrial sector.
Slide tray boxes are usually made of wood, plastic, leather, or cardboard. Slide tray boxes can be divided into various parts to store the product separately which prevents it from moisture and external heat. Growing material level innovation, increasing demand in the food industry and preference for sustainable packaging solutions with less environmental impact drive the slide tray box market
Customization in slide tray boxes catering to end-user requirements is creating growth opportunities for key players in the global slide tray box market. Industries such as food, pharmaceuticals, and many others are witnessing high demand for right-sized cavity-based slide tray boxes for ensuring greater safety of stored products from sudden impacts.
Due to the already proven advantages of the trend, it is anticipated that slide tray box market will emerge as successful market in coming years and will also increase its share in the global packaging market due to its increasing application in retail market.
North America dominated the slide tray box market. The growth of the market in the region is attributed to the increasing number of retail stores, hypermarkets, and supermarkets. Furthermore, the presence of a large number of electronics manufacturers in China is expected to boost the market demand in the Asia Pacific region.
FMI research indicates slide tray box packaging solutions show great potential for not only durability but improving outcomes for buyers in different areas. The slide tray box packaging should meet the objectives like:
To meet all these objectives, the manufacturer of slide tray boxes offers a wide selection of sizes, shapes, and materials with easy-to-open formats to bring out the best in packaging.
Manufacturers of slide tray boxes are vying to provide ideal product spacing and efficient designs to enhance the aesthetics of products on-shelf. The trend toward ready packaging creates favorable demand for slide trays box. Moreover, slide tray boxes are also gaining traction as a marketing tool as it also displays the logo of the product clearly while marketing the product.
Also, the manufacturer of slide tray box packaging has increased R&D to address technological innovations and to provide customized and sustainable packaging solutions that had the flexibility to accommodate a wide variety of sizes, alongside promoting the brand.
For instance, Smurfit Kappa has developed a new sustainable e-commerce packaging solution for RareBoots4u, the new RareBoots4u box creates a positive customer experience with its striking design and clean lines. It also enhances sustainability credentials as it uses a reduced amount of material and is recyclable, renewable, and biodegradable.
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This Slide Tray Box market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape.
Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Slide Tray Box market.
Slide tray box is most often used as a packaging medium owing to ease of handling, storing, loading, and unloading of the product. Slide tray increases the utility of the box, as its design and structure give easy insertion and removal of stored material. The market for shelf-ready slide tray box is increasing across the world for displaying luxurious products and electronic gadgets.
Some of the slide tray boxes have compartments which help to store the different product in the box. The sturdy construction of slide tray box protects the stored products, thereby increasing its shelf life. Depending upon the products, the slide tray box is manufactured from metal, wood, plastic, paper, and cardboard. The market of slide tray box is increasing due to its lightweight and good cushioning effects.
The combination of rigidity and cushioning quality makes the slide tray box strong to bear impact during transportation. It is witnessed that the demand for corrugated and plastic slide tray box is rapidly increasing compared to another packaging medium.
Slide tray boxes are available in different shapes, sizes, and colors suitable for the different purposes of the customers. Owing to the above mentioned benefits, the market of slide tray box is expected to increase exponentially during the forecast period.
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Easy customization, lightweight, and easy recyclability are the driving parameters of the global slide tray box market. Furthermore, the plastic, paper, and cardboard slide tray boxes are cost affordable. Besides this, the easy opening and closing of the packaging that is easy to handle the product acts as a fueling factor for the rapid growth of the slide tray box market.
Slide tray box is versatile, durable, and sturdy in nature, which propels the market of slide tray box market in multiples. Additionally, the slide tray boxes can be used as an effective tool for marketing and brand promotions, as it provides better printing and graphics capability supporting different printing options such as litho, digital and screen printing. The market for slide tray box is increasing on the backdrop of food and beverages.
It’s an eye catchy medium for packaging of confectionery products, chocolates, dry fruits, and other food products, which boost the sales. It is also anticipated that the demand for slide tray box is increasing in electronics and electrical industries for storing and displaying various gadgets. The textile and chemical industries are providing increasing opportunities for shelf-ready packaging of garments, fragrances, etc.
Failure of glide way or recess might hamper the smooth functioning of slide tray. Hence, switching to alternate packaging medium might reduce the growth of slide tray box market.
The multi-purpose slide tray boxes are widely accepted across the world. Owing to the increasing number of supermarkets, hypermarkets and retail stores in North and Latin America, the market of slide tray box is flourishing in Canada and Mexico. On the other side, burgeoning opportunities are witnessed in the Asia Pacific.
Owing to increasing electronics and electrical industries, the preference for slide tray boxes is growing in China, India, and Asian Countries. France and UK markets are the mature markets, and consist of more market share for slide tray box, however, steady market growth is witnessed in Poland and Italy. The sluggish growth is expected in Australia and New Zealand market. Besides this, burgeoning opportunities are expected in GCC Countries.
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A few of the key players in the slide tray box market Smurfit Kappa Group Plc, Mondi Group plc., WestRock Company, DS Smith Packaging Limited, VPK Packaging Group nv, Stora Enso Oyj, etc.
The slide tray box market 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, macroeconomic 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 slide tray box market is segmented on the basis of product, material, capacity, and end use industry. The detailed segmentation is as follows:
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