10-Jun-2021 | Facts and Factors
As per the recently issued report by Facts and Factors, the global shoe packaging market was recorded at roughly USD 4,296 Million in the year 2020, and is predicted to generate revenues worth USD 5,509 Million by 2026, with an increasing CAGR of 4.23% between 2021 and 2026.
Shoes are an important aspect of everyday attire, whether professional or informal. Protecting, storing, transporting, and expressing brand value to customers are all important functions of shoe packaging, which includes shoes wrapped in beautiful boxes. Shoe packing protects shoes against moisture, dust, damage, and shocks, among other things. The printing capabilities of shoe packaging materials take into account effective transmission of product information and branding aspects in order to increase the total value for customers.
Shoe packaging differs from one brand to the next and from one product to the next. Casual shoes are packaged in ways that appeal to a younger market, whilst formal shoes are packaged in sophisticated box designs with compartments. Similarly, product quality and materials used in the shoe packaging industry vary. Some shoe companies may hunt for satchels that are easy to throw away, while others will hunt for strong boxes with ergonomic designs. As a result, manufacturers in the worldwide shoe packaging market are required to adapt to such variations while maintaining the quality of their products.
More consumers are choosing things that they know can be recycled, resulting in an eco-conscious shopper. Consumers want to know that the components that make up their shoes, as well as the packaging that comes with them, are sourced in an ecologically responsible manner. This implies that businesses will have to look for environmentally conscious suppliers that are working to lower their carbon footprint via their own efforts. This will put a strong emphasis on packaging companies being FSC certified for responsible forestry. When it comes to purchasing a product, younger buyers, in particular, expect more than simply a transaction. They want the purchase to be an experience with the brand. To create that experience, brands and manufacturers will need to collaborate closely. For instance, in 2017, Nike's shoe packaging, which included milk and orange juice containers as well as coffee lids, was manufactured entirely of post-consumer trash. The shoeboxes were produced using a single polypropylene process with no chemicals added. The package was created in collaboration with Miniwiz, a Taiwanese business. The boxes had a modular design with an interlocking component that allowed them to be stacked for exhibition or storage, in addition to being built from recycled materials.
Top Market Players
Major players operative in the global shoe packaging market is Elevated Packaging, M. K. Packaging, Precious Packaging, Packman, Sneakerbox Co, Packaging of the World, Samrat Box Mfg. Co. Pvt. Ltd, Great Little Box Company, Cross Country Box Company, Zhuhai ZhuoYa Packing Product Co. Ltd., Merrypak, Packman Packaging Private Limited, My Box Printing, Packqueen, Royal Packers, Marber, Taizhou Forest Color Printing Packing, and Pack Now amongst others.
Consumer preferences, the introduction of sustainable packaging materials, and the requirement for cost-effective designs are all projected to drive the worldwide market for shoe packaging forward. Many shoppers in wealthy nations are drawn to shoes that come with urbane purses. These choices are beneficial to the growth of the shoe packaging market in these areas. The introduction of sustainable materials is also proving to be beneficial to shoe packaging manufacturers. For instance, PUMA created a loyalty program in early 2017 to help attract and reward the next generation of PUMA soccer players. PUMA and experiential agency Cramer reworked shoe packaging to celebrate the program's introduction and welcome its newest participants. The initial members of the PUMAPitch program were told that their new soccer footwear would arrive in special packaging. They were anticipating a high-end cardboard box, which is standard in the sector. Members were instead given a sleek black plastic case. The only snag was that it was padlocked. Government rules of various counties encouraging the use of environmentally friendly packaging have also been identified as a driving element for the rise of the shoe packaging industry.
Asia Pacific is projected to Dominate Global Shoe Packaging Market Growth
The Asia-Pacific region is expected to maintain its dominance throughout the forecast period, as the area's expanding population and rising per capita income of the middle class has boosted demand for shoes, which is expected to fuel the expansion of the shoe packaging market. Furthermore, due to the government's strict environmental requirements for environmental safety, there is a growing acceptance of sustainable packaging. Furthermore, the key players are expected to increase their research and development activities, which is expected to boost the growth of the shoe packaging market.
Leading companies, as well as newcomers, are adopting novel designs that appeal to the public while also saving money on raw material expenses. The availability of such designs, as well as their compliance with storing and shipping a wide range of shoe kinds, is likely to improve the worldwide shoe packaging market's overall growth.
Browse the full report “Shoe Packaging Market by Type of Shoes (Leather Shoes, Loafers, Long Boots, Casual Shoes, Short Shoes, Running Shoes, and Others), By Type of Shoe Packaging (Sustainable Reduced Shoe Boxes, Corrugated Boxes, Reusable Shoe Packaging, and Tubular Packaging) By Region: Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” at https://www.fnfresearch.com/shoe-packaging-market
The global shoe packaging market is segmented as follows:
By Type of Shoes:
By Type of Shoe Packaging:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Facts & Factors
A 2108, Sargam,
Pune 411041, India
We at Facts Factors have recently added the market study titled Instant Noodles Market to our pool of market studies that focus solely on an analytical approach. We estimate that the market will be valued at USD 45.67 Billion in the year 2020 and will grow to an anticipated value of USD 73.55 Billion in the year 2026 with a CAGR growth of 6%. ...
Published Date : 23-Jun-2021 | | Category : Food & Beverages | Pages : 171 | Format : Read more
The recent publication titled Global ePharmacy Market has been added to our long list of market studies that aims to capture a detailed and comprehensive outlook of the respective market. We at Facts Factors estimate that an initial value of the market will be USD 51.20 Billion in the year 2020 and is expected to grow to a final value of USD 111.10 Billion in the year 2026 with a CAGR growth of 15.10%. <img src=" ...
Published Date : 23-Jun-2021 | | Category : Healthcare | Pages : 173 | Format : Read more
[205+ Pages Report] The latest market study published by Facts Factors titled Medical Device Market contains the latestabout the market in terms of an analytical approach. We estimate that the globalMedical Device Market will flourish at an astounding rate of 5% CAGR during the forecast period to grow to a value of USD 623 Billion by 2026 from an initia ...
Published Date : 21-Jun-2021 | | Category : Medical Device | Pages : 205 | Format : Read more