Global bakery box market size is expected to witness a healthy CAGR in the forecast period. Bakery products, due to their nutritional values, conveniency and affordability are in high demand nowadays. Packaging plays an essential role in proper storage & transportation and consumer attraction for bakery products. Considering these attributes of customers, packaging industries are constantly evolving new and innovative products to their product portfolio. The plain white boxes and brown kraft boxes are ideal for local bakery shoppers as well as supermarket customers, which are available in self-serve and over the counter serve, large and small types. The bakery boxes are made up of solid bleached sulfate (SBS) and kraft carton board with an internal poly-lining. Some bakery boxes are equipped with full feature window displays, which surrounds the bakery products with an added look and feel of the quality and freshness. Bakery boxes are available in one or two-piece design and can be used safely in oven/microwave at high temperatures of 220 degrees C.
Lightweight and reduction to landfill waste are the several value-added benefits of bakery box which are contributing towards lowering transportation cost and at the end reduces the carbon footprint. Rapid urbanization and rising per capita consumer income mainly in developing regions is projecting contribution towards bakery box market.
Bakery box market is a demand-driven market for affordable and convenient food. The primary key drivers include changing lifestyle and food preferences, ready-to-eat products, and a large variety of delicious foods available in all over the regions. Furthermore, retailers rising choice towards single packaged boxes and multipacks as they take smaller spaces, in turn, they can serve their customers' multiple types of products in large quantities, is also propelling the growth of global bakery box market. As the food industries are entering the packaged and premium range of bakery products, further opportunities are there to grow the bakery box market globally. Paper and paperboard segment was considered for the largest share of the bakery box market size and is expected to show similar growth trends over the next few years. Some players are also inclining towards plastic boxes as they are rigid and can retain aromas for a more extended period. For instance, Genpak, LLC, is making the bakery boxes that are 30% post-consumer recycled content, can be able to lock all the flavor and freshness of baked goods by keeping oxygen out.
However, health consciousness and retaining food laws in certain countries can hamper the bakery box market. New products launches and merger and acquisition of smaller players are the leading market strategies in this segment.
On the basis of material type, bakery box market can be segmented into,
On the basis of end-use/application, the bakery box market can be segmented into,
Geographically, the bakery box market can be divided into seven key regions, including North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Middle East and Africa (MEA) and Japan. Rising bakery and confectionary products demand and expanding food industry in the region of North America, anticipated to dominate the global bakery box market size over the forecast period. In Latin America and Europe, the bakery box market is also expected to grow at a reasonable rate owing to rising consumer preferences towards frozen food, desserts, and other breakfast cereals products.
Asia Pacific bakery box market is also expected to grow rapidly due to changing consumption habits of people and the rising demand for single-serve packaging goods for cakes, biscuits, breakfast cereals, and frozen food products. Due to developing the food and beverage industry in the Middle East and Africa (MEA), the region shows a slack growth for bakery box market.
Regional Analysis Includes:
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Note:Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.