With evolving packaging specifications, effective designs safeguarding the product are gaining prominence. Die cut box, owing to its competency of catering to complex packaging needs, is being actively adopted across diverse applications
[ClickPress, Mon Sep 02 2019] With evolving packaging specifications, effective designs safeguarding the product are gaining prominence. Die cut box, owing to its competency of catering to complex packaging needs, is being actively adopted across diverse applications. By addressing all the loopholes of standard box styles, die cut box with unique features are scaling in terms of demand. Manufactured using a special clutter, die cut box is surging in popularity in the light of bespoke designs and configurations. Manufacturers, to make the best of their investments, are offering customizable formats of die cut box tailored to customer terms and specifications.
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Another key advantage linked to a die cut box is no necessity of including a tape, which reduces the costs associated with packaging goods in it. Moreover, the ‘no-tape’ feature in case of a die cut box makes it an environmentally friendly product and extremely simple in terms of assembling and handling. Manufacturers of die cut box are offering products in a wide range of standard as well as custom boxes to fit in the bill of customer needs. Die cut box also offers ample space to accommodate logos and designs, which is pushing its appeal in case of marketing and branding applications.
Global Die Cut Box Market Scenario
The global die cut box market is anticipated to record a robust CAGR during the forecast period. The ongoing piercing of online shopping into consumer’s bloodline is budding a spate of innovation in the die cut box packaging segment. Due to cheap labor in Asia Pacific region, high demand for die cut box packaging is expected as compared to the other regions. With a massive base for Modern trade channels and lighting fast lifestyle of consumers in North America, demand for the innovative and grab and go packaging is rising. Leading manufacturers of the die cut box are mainly concentrated in the developed economies attributed to high investment prospects and enormous consumer base.
Major market players such as International Paper Company grows inorganically by acquiring other small fishes in the market. The die cut box market is expected to have a Nobel growth in rising economies due to abundant of regional players. In addition, the Asia Pacific, North America, and Europe market are expected to contribute significant shares in the global die cut box market.
Die Cut Box Market: Overview
Die cut box is an innovative packaging solution for multiple end-use sectors. Growing need for fast moving consumer goods, ingenious packaging formats from design, and size perspective, die cut box continues to offer an advantageous edge in product positioning. Die cut box allows the leading brands and manufacturers to integrate novel design elements, which in turn assures a higher threshold of customer acquisition viz.a.viz. effective branding and marketing. Besides industry specific drivers and trends, macroeconomic factors will also continue to influence demand for the die cut box across industries. Such factor include but aren’t limited to per capita disposable income, food retail sector growth, modern retail establishment growth etc.
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Global Die Cut Box Market: Segmentation
The die cut box market can be segmented based on closer types, dimension, wall type and end use Industries and region. On the basis of Closer types, die cut box market is segmented into self-closing, Crash lock bottom, and self-Erecting. By dimension, the die cut box market is segmented as below 4 inch, 4 inch to 10 inch, and Above 10 inch. On basis of wall types, die cut box market is segmented into single wall, double wall and triple wall. By end use industry, the global die cut box is segmented as E-commerce, consumer goods, food industry, and industrial goods. On the basis of region, the global die cut box market is segmented as North America, Latin America, Europe, Japan, CIS & Russia, Asia Pacific except Japan, and the Middle East Africa.
Global Die Cut Box Market: Dynamics
Increasing inclination towards online shopping, purchase of the grab and go products, and its cost efficient factor has led the die cut box market to gain traction. The demand for die cut box in up surging due to its innovative design and trimming in paper grammages for environmentally and sustainability requirements. In addition, die cut box products can be recycled and utilized again for packaging purpose. However, increasing use of low cost material for die cut box has further led to significant challenges in their recovery for recycling purpose. Increasing sales good through online stores pegged the fuel for the adoption of protective and stylish die cut box packaging.
Global Die Cut Box Market: Key Players
While the leading players are mainly based in Europe and North America, however they are focusing on expanding their presence in the Asia Pacific market. Key players operating in the global die cut box market include International Paper co, Smurfit Kappa PlC, DS Smith PLC, Stora Enso Oyj, Walki Group Oy, Fronteir Packaging Inc, and VA Whitley & co. among other others.
Regional Segments Analyzed Include