Shoe Packaging Market Expected to Reach $12.2 Billion by 2031—Allied Market Research
WILMINGTON, DELAWARE, UNITED STATES, October 28, 2024 /EINPresswire.com/ — The global shoe packaging market generated $9.1 billion in 2021, and is estimated to reach $12.2 billion by 2031, witnessing a CAGR of 3.0% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
Shoe packaging can be used to store, protect, transport, and communicate brand value to customers in addition to being used to exhibit shoes in a visually appealing way. Shoe packets are essential for moving shoes through the supply chain. Their ability to protect and store cannot be compromised, as poor packaging can harm vast quantities of shoes, resulting in large-scale product recalls.
There is a significant rise in the demand for eco-friendly packaging options with the rise in environmental consciousness among consumers. Customers now have higher standards when selecting items and packaging that support environment-friendly packaging standards, hence ecommerce industry companies are focusing on utilizing sustainable packaging. For instance, in June 2020, Amazon which is one of the largest e-commerce companies, announced that all single-use plastic packaging originating from its more than 50 fulfilment centers in India have been eliminated.
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The report offers a detailed segmentation of the global shoe packaging market based on type, material, distribution channel, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
By type, the rigid segment held the largest share in 2021, garnering around two-thirds of the global shoe packaging market revenue, and is projected to maintain its dominance by 2031. The flexible segment, on the other hand, would showcase the fastest CAGR of 4.2% during the forecast period.
By material, the paper segment contributed to more than half of the global shoe packaging market revenue and is projected to rule the roost by 2031. However, the plastic segment would display the fastest CAGR of 4.4% during the forecast period. The others segment is also studied in the report.
By distribution channel, the offline segment held the major share in 2021, accounting for around two-thirds of the global shoe packaging market revenue and is projected to maintain its dominance by 2031. However, the online segment would portray the fastest CAGR of 3.9% during the forecast period.
By region, Asia-Pacific held the major share in 2021, contributing to more than two-fifths of the global shoe packaging market revenue and is expected to dominate market in terms of revenue. Additionally, the LAMEA region would showcase the fastest CAGR of 8.2% throughout the forecast period. The other provinces studied in the report include North America and Europe.
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Top Runners:
The major players profiled in the shoe packaging market include Cross Country Box Company, Elevated Packaging, Packman Packaging Pvt. Ltd., Packqueen, Packaging of the World, Precious packaging, Royal Packers, Samrat Box Mfg. Co. Pvt. Ltd., Sneakerbox Co., and Zhuhai Zhuoya Packing Product Ltd.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the shoe packaging market analysis from 2021 to 2031 to identify the prevailing shoe packaging market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the shoe packaging market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global shoe packaging market trends, key players, market segments, application areas, and market growth strategies.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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