Sleeve Boxes Market: Introduction
The packaging industry has been growing in leaps and bounds and is witnessing an increasing evolution in the various forms of packaging. Sleeves boxes are one such type wherein sleeves are added to the box to enhance the product visibility. These boxes are a unique way to present as well as promote the product in the market. The sleeve boxes possess sleeves which not only acts as a casing but also serve as the visibility enhancer of the product in an exquisite way. Sleeves boxes serve the purpose of cost efficient luxury packaging. Moreover, the sturdy structure of the trays present inside the boxes gives the sleeves relative amount of stability making them highly suitable for storage and transportation purpose. The global sleeve boxes market is expected to witness a healthy CAGR over the forecast period due to growing demand from various end users for light weight yet affordable packaging type.
Sleeve Boxes Market: Market Dynamics
One of the prime factor driving the growth of the global sleeve boxes market is the convenient sleeve design which makes it easier for the consumers for quick loading of the product. Sleeve boxes market is also expected to grow due to rising disposable income of middle class population which is willing to pay for innovative packaging solutions. Sleeve boxes are made from recyclable material which also aids in reducing the carbon footprint, thus acting as a driver for the growth of the market. One factor restraining the growth of the global sleeve boxes market is the high price of the sleeve boxes as compared to other packaging types.
Embossing and digital printing on sleeve boxes according to the needs of the end user is a key trend prevailing in the global sleeve boxes market. The sleeve boxes manufacturers are also providing improved embossing and window patching. Digital printing on the sleeve boxes is expected to create ample opportunities of growth for the global sleeve boxes market over the forecast period.
Sleeve Boxes Market: Market Segmentation
The global sleeve boxes market is segmented on the basis of material, end use, and geography.
On the basis of material, the global sleeve boxes market is segmented into
- Paper & Paperboard
On the basis of end use, the global sleeve boxes market is segmented into
- Cosmetics & Personal Care
- Electronics & Electricals
- Food & Beverages
- Household & others
Paper & paperboard is the most preferred material for making sleeve boxes. Sleeves boxes have a major utilization in the bakery & confectionery end use market, where the sleeve boxes are used for the packaging of candies.
Sleeve Boxes Market: Regional Outlook
On the basis of geography, the global sleeve boxes market is segmented into Latin America, North America, Asia Pacific, Europe, and Middle East & Africa. North America is currently leading the global sleeve boxes market due to a well-established consumer base willing to pay for the aesthetic appeal of the product. North America is followed by Europe which is expected to witness moderate growth over the forecast period. Certain regions in Europe are witnessing currency fluctuations and are way behind in terms of innovative packaging solutions. Asia Pacific is expected to witness steady growth over the forecast period. Asia pacific manufacturers are carrying out innovation in their packaging forms which is expected to spur the demand of the sleeve boxes market in the region. Latin America is anticipated to witness sluggish growth over the forecast period as compared to all other regions.
Sleeve Boxes Market: Key players
Some of the key players operating in the global sleeve boxes market are Ebro Color GmbH, Emenac packaging, the custom box company, PakFactory, Yby Boxes and SoOPAK.
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.