Bakery Box Market: An Overview

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: Dynamics

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.

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Bakery Box Market: Segmentation

On the basis of material type, bakery box market can be segmented into,

  • Paper and Paperboard
  • Carton board
  • Rigid Plastic
  • Others

On the basis of end-use/application, the bakery box market can be segmented into,

  • Bread
  • Cakes
  • Pastries
  • Biscuits
  • Breakfast Cereals
  • Frozen Bakery
  • Frozen Desserts

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Bakery Box Market: Regional Outlook

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.

Bakery Box Market: Key Players

  • WestRock CP LLC
  • Mondi PLC
  • Sealed Air Corporation
  • Smurfit Kappa Group PLC
  • Stora Enso AB
  • D S Smith PLC
  • Genpak, LLC
  • Graphic Packaging International, LLC
  • Wipak BV
  • Napco National Packaging Co.

Regional Analysis Includes:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa (MEA)

Reports Highlights:

  • A detailed overview of the parent market
  • Changing bakery box market dynamics in the industry
  • In-depth bakery box market segmentation
  • Historical, current, and projected bakery box market size regarding volume and value
  • Recent industry trends and developments in the bakery box market
  • Competitive landscape
  • Strategies for key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on bakery box market performance
  • Must-have information for market players to sustain and enhance their bakery box market footprint

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:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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.

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