Global Shoe Packaging Market 2017-2021
About Shoe Packaging
Shoe packaging involves the packaging of shoes in boxes for improved protection, transportation, storage. It performs the added function of communicating requisite information regarding the brand of shoes. Shoe packaging protects shoes against factors such as the atmospheric moisture, dust, damage, and shocks during transportation or storage. Shoe packaging materials can be an effective means of communicating product information along with key branding elements.
Technavio’s analysts forecast the global shoe packaging market to grow at a CAGR of 1.99% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global shoe packaging market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Shoe Packaging Market 2017-2021
Technavio recognizes the following companies as the key players in the global shoe packaging market: M. K. Packaging, Packman, Precious Packaging, and Royal Packers.
Other Prominent Vendors in the market are: Cross Country Box Company, Elevated Packaging, Great Little Box Company, Marber, Merrypak, My Box Printing, Pack Now, PACKQUEEN, Samrat Box Mfg. Co. Pvt. Ltd, and Taizhou Forest Color Printing Packing.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rising popularity of light weight packaging. Shoe companies are focusing on the use of less packaging for their products so as to reduce the requirement of packaging materials, thereby lowering the cost as well. Hence, packaging companies are focusing on innovating and finding ways to meet the requirement of the shoe companies. Designers are addressing this challenge by trying to design packages that require less material.”
According to the report, one of the major drivers for this market is Rising population is expected to increase shoe packaging. The exponential rise in population is expected to contribute to growth in the show packaging. As the number of shoe purchases rises due to rising population, the market for the shoe packaging is expected to increase. The world population grew at a CAGR of 1.2% during 2011-2016 and is expected to increase during the forecast period. It is expected that the population will grow to around 7.8 to 8 billion by 2021.
Further, the report states that one of the major factors hindering the growth of this market is Expected rise in the price of packaging materials. Generally, cardboard boxes or corrugated boxes find extensive use in shoe packaging. This employs the substantial use of wood pulp as cardboard and corrugated boards are made of paper from wood pulp. In 2015 the global wood pulp prices reached a peak when compared with the last 30 to 40 years. These increased prices of wood pulp lead to an increase in the production cost incurred by the packaging companies, including the shoe packaging companies.
M. K. Packaging, Packman, Precious Packaging, Royal Packers, Cross Country Box Company, Elevated Packaging, Great Little Box Company, Marber, Merrypak, My Box Printing, Pack Now, PACKQUEEN, Samrat Box Mfg. Co. Pvt. Ltd, and Taizhou Forest Color Printing Packing.