The Shoe Packaging Market valued for $9.12 Billion in 2021 and is estimated to reach $12.20 Billion by 2031, exhibiting a CAGR of 3% from 2022 to 2031.
Shoe packaging is primarily used to present shoes in a visually appealing manner, but can also be used to store, transport, protect, and communicate brand value to customers. Shoe packaging is very important when shipping shoes through the distribution chain. Poor packaging can damage a large number of shoes and lead to large product recalls, so the ability to protect and store shoes must not be compromised.
The customers are becoming more environmentally concerned, and there is a noticeable increase in demand for environment-friendly packaging solutions. Companies in the e-commerce sector are putting more effort into using sustainable packaging since consumers now have higher criteria when choosing products and packaging that adhere to environmental packaging guidelines. For instance, one of the biggest e-commerce corporations, Amazon, declared in June 2020 that all single-use plastic packaging coming from its more than 50 fulfilment sites in India had been discontinued. As a result, the growth of the shoe packaging market is being driven by the expansion of commerce, which is one of the major consumers of packaging, particularly secondary and tertiary packaging. All these instances are expected to accelerate the growth rate of the shoe packaging market.
However, it's anticipated that the enormous quantity of trash produced by shoe packaging would limit market expansion. The use of packaging that is not environment-friendly, such as plastic bags, flexible polythene bags for packing, and others, has been restricted by governments around the world. For instance, the central pollution control board (CPCB) reports that 30 single-use plastic goods have been identified by the Indian government body to be prohibited from being sold, stored, distributed, exported, and used as packaging as of June 2022. Thus, it is anticipated that these issues will restrain the growth of the shoe packaging market.
It is anticipated that rise in fashion consciousness and the number of sports enthusiasts would fuel the shoe packaging industry. In order to expand their product offerings, leading sportswear companies including Adidas, Under Armour, Asics Corporation, Puma, Nike, Inc., and FILA are releasing brand-new products. For instance, Under Armour's UA SlipSpeed, the company's most adaptable training shoe for athletes, debuted in October 2022. Such situations increase need for fresh shoe packaging that showcases the distinctiveness of the shoes. Thus, this is projected to provide lucrative growth opportunities for the shoe packaging market during the forecast period.
The shoe packaging market is segmented on the basis of type, material, distribution channel and region. By type, the market is classified into flexible, and rigid. By material, the market is divided into paper, plastic, and others. By distribution channel, the market is bifurcated into online and offline. Region wise, the global shoe packaging market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Shoe packaging is primarily used to present shoes in a visually appealing manner, but can also be used to store, transport, protect, and communicate brand value to customers. Shoe packaging is very important when shipping shoes through the distribution chain. Poor packaging can damage a large number of shoes and lead to large product recalls, so the ability to protect and store shoes must not be compromised.
The customers are becoming more environmentally concerned, and there is a noticeable increase in demand for environment-friendly packaging solutions. Companies in the e-commerce sector are putting more effort into using sustainable packaging since consumers now have higher criteria when choosing products and packaging that adhere to environmental packaging guidelines. For instance, one of the biggest e-commerce corporations, Amazon, declared in June 2020 that all single-use plastic packaging coming from its more than 50 fulfilment sites in India had been discontinued. As a result, the growth of the shoe packaging market is being driven by the expansion of commerce, which is one of the major consumers of packaging, particularly secondary and tertiary packaging. All these instances are expected to accelerate the growth rate of the shoe packaging market.
However, it's anticipated that the enormous quantity of trash produced by shoe packaging would limit market expansion. The use of packaging that is not environment-friendly, such as plastic bags, flexible polythene bags for packing, and others, has been restricted by governments around the world. For instance, the central pollution control board (CPCB) reports that 30 single-use plastic goods have been identified by the Indian government body to be prohibited from being sold, stored, distributed, exported, and used as packaging as of June 2022. Thus, it is anticipated that these issues will restrain the growth of the shoe packaging market.
It is anticipated that rise in fashion consciousness and the number of sports enthusiasts would fuel the shoe packaging industry. In order to expand their product offerings, leading sportswear companies including Adidas, Under Armour, Asics Corporation, Puma, Nike, Inc., and FILA are releasing brand-new products. For instance, Under Armour's UA SlipSpeed, the company's most adaptable training shoe for athletes, debuted in October 2022. Such situations increase need for fresh shoe packaging that showcases the distinctiveness of the shoes. Thus, this is projected to provide lucrative growth opportunities for the shoe packaging market during the forecast period.
The shoe packaging market is segmented on the basis of type, material, distribution channel and region. By type, the market is classified into flexible, and rigid. By material, the market is divided into paper, plastic, and others. By distribution channel, the market is bifurcated into online and offline. Region wise, the global shoe packaging market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competition analysis
The major players profiled in the shoe packaging market include Cross Country Box Company, Elevated Packaging, Packman Packaging Pvt. Ltd., Packqueen, Packaging of the World, Precious packaging, Royal Packers, Samrat Box Mfg. Co. Pvt. Ltd., Sneakerbox Co., and Zhuhai Zhuoya Packing Product Ltd. Major companies in the market have adopted acquisition, partnership and product launch as their key developmental strategies to offer better products and services to customers in the shoe packaging market.Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the shoe packaging market analysis from 2021 to 2031 to identify the prevailing shoe packaging market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the shoe packaging market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global shoe packaging market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Flexible
- Rigid
By Material
- Paper
- Plastic
- Others
By Distribution Channel
- Online
- Offline
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Elevated Packaging
- Packman Packaging Pvt. Ltd.
- Zhuhai Zhuoya Packing Product Ltd.
- Royal Packers
- Packqueen
- Cross Country Box Company
- Packaging of the World
- Precious Packaging
- Sneakerbox Co.
- Samrat Box Mfg. Co. Pvt. Ltd.
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SHOE PACKAGING MARKET, BY TYPE
CHAPTER 5: SHOE PACKAGING MARKET, BY MATERIAL
CHAPTER 6: SHOE PACKAGING MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: SHOE PACKAGING MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- Elevated Packaging
- Packman Packaging Pvt. Ltd.
- Zhuhai Zhuoya Packing Product Ltd.
- Royal Packers
- Packqueen
- Cross Country Box Company
- Packaging of the World
- Precious Packaging
- Sneakerbox Co.
- Samrat Box Mfg. Co. Pvt. Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
