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
On the basis of end-use/application, the bakery box market can be segmented into,
- 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
- South Asia
- East Asia
- Middle East & Africa (MEA)
- 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
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