During the forecast period, the market for slotted containers is anticipated to grow at a robust CAGR of 4.5%. The market for slotted containers is expected to grow to US$ 5.36 billion by 2032 from its present value of US$ 3.3 billion in 2022. Due to the enormous size flexibility offered by slotted containers—which give crush resistance and sufficient strength for stacking in warehouses—sales of these containers have increased.
The expansion of the slotted containers market share is anticipated to be aided by increased usage in the secondary packaging of consumer durable products across a wide range of sectors.
The analysis clarifies the elements boosting slotted container sales and, consequently, the chances for market participants.
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How is the Competitive Landscape in the Slotted Containers Market
The key players of the slotted containers market are focusing on enhancing and adopting strategies like enhancing the durability, sizes and its use to thrive business. This is driving the sales of slotted containers
Some of the key participating players indulged in the sales of slotted containers are:
- Smurfit Kappa
- Mondi, International Paper
- WestRock Company
- Packsize International
- Packaging Corporation of America
- ABBE CORRUGATED PTY. LTD
- Green Bay Packaging – Wisconsin Packaging Division
- Raghav Packaging LLP
- ABHILASHA PACKING SOLUTION
- B & B Triplewall Containers Limited
- Greenpack Industries
- Manav Packaging
- Harbour Packaging
These market players are anticipated to drive the slotted containers market by introducing new products and expanding geographically.
- Westrock Company completed the acquisition of KapStone Paper and Packaging Corporation. This acquisition will enhance its portfolio of corrugated packaging.
- In August 2017, Georgia-Pacific continued the expansion of its corrugated packaging business, with the acquisition of Ohio-based PAX Corrugated Products.
What are the Key Dynamics to the Slotted Containers Market Share
Increasing demand for gadgets and smart gaming devices for entertainment and interaction purposes is driving the growth of the electronic wearables sector.
The demand for electronic wearables is also increasing for health and wellness monitoring, and hence, there is high demand for the packaging of these applications.
For the shipment of such electronic wearables, safe and secure packaging is required, which is provided by corrugated packaging such as slotted containers. As the electronics industry is witnessing a boom in developing countries such as India and China, the demand for the shipment of flexible items is also expected to increase.
This increase in demand for electronic wearables is expected to fuel the global slotted containers market during the forecast period.
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Impact of Covid-19
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