Global Disc Packaging Sleeves Market: Overview
Disc packaging sleeves are compact disc protective packaging solutions. Disc packaging sleeves enjoyed wide usage about until a decade ago, after which, a decline was witnessed. This was due to the rise of alternative storage devices such as external hard drives, which could store more than what is achievable with the help of a compact disc. Despite that, a significant amount of today’s population use compact discs. The packaging industry has undergone rapid transformation in the last decade, with consumer preference inclining more towards convenient packaging solutions. Therefore, disc packaging sleeve manufacturers today, emphasize on incredibly strong and efficient, yet lightweight packaging solutions.
The focus is on non-abrasive structure, which prevents disc errors, and avoids interference with the disc’s readability. Also, competition among manufacturers have led them to prefer raw materials with special features, such as anti-static properties. The global disc packaging sleeve market is poised to decline further over the forecast period, due to increase in the number of people with access to internet. However, manufacturers of disc packaging sleeves across the world are expected to use the opportunity to increase their presence in regions with limited or no internet access.
Global Disc Packaging Sleeves Market: Dynamics
Several companies use compact discs as a means to communicate media to target buyers, by placing them in places with high foot traffic, such as pharmacies, retail stores and supermarkets, among others. This is one of the key factors expected to generate demand for disc packaging sleeves, over the forecast period. The global disc packaging sleeves market is expected to have more penetration in regions with least internet access. The developing countries are expected to be at the epicenter of marketing strategies for compact disc manufacturers and disc packaging sleeves manufacturers. Disc packaging sleeves are manufactured in a variety of configurations, all of which are aimed at increasing convenience as well as maximize disc protection. The global disc packaging sleeves market is also expected to be driven by demand for music albums worldwide. In 2015, more than 80% of the revenues generated from music sales in Japan, were in compact disc format. Therefore, in terms of penetration, disc packaging sleeves enjoy higher demand in Japan. Despite the decline, the global disc packaging sleeve market manufacturers are expected to target the internet deprived population, over the forecast period.
Global Disc Packaging Sleeves Market: Segmentation
The global disc packaging sleeves market has been segmented as follows –
On the basis of product type, the global disc packaging sleeve market is segmented on the basis of –
- Single Sleeve
- Double Sleeve
- Mountable Sleeve
On the basis of material type, the global disc packaging sleeve market is segmented on the basis of –
- Paper sleeve
- Clear Vinyl sleeve
- Cardboard sleeve
Global Disc Packaging Sleeves Market: Geographical Outlook
The global disc packaging sleeve market has been divided into seven region as follows –
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APeJ)
- Middle East & Africa (MEA)
The Asia Pacific region is expected to lead the global disc packaging sleeves market in terms of market share. However, with increasing number of people with internet access, the market will decline. It is anticipated that such a scenario might by possible by the late 2020s. Currently, emerging economies such as China and India are witnessing an increased rate of internet accessibility. For instance, in India, the number of internet users went up by around 6-8% last year, which is a key restraint for India’s disc packaging sleeves market. In regions such as Japan, a significant portion of the population still prefers compact disks, which is expected to create growth opportunities for the Japanese disc packaging sleeve market. In developed regions such as the North America and Europe, availability of modern storage devices such as external drives, is expected to suppress growth of the disc packaging sleeve market. Also, there are alternative solutions available for obtaining music, such as online libraries, and online streaming, which go a long way in contributing to the decline of the disc packaging sleeve markets in these regions.
Global Disc Packaging Sleeves Market: Key Players
Some of the key players operating in the global disc packaging sleeve market are - Mixonic, Inc., Univenture, Inc., and abcAmstore Ltd New Zealand, among others.
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
- 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.