Slotted Containers Market: Overview
In recent years, the demand for slotted containers has increased significantly. This can be accredited to the immense size flexibility offered by such containers. Slotted containers provide crush resistance and adequate strength for stacking in warehouses. These containers allows the buyer to use them for different size requirements, thereby reducing inventory management costs. Slotted containers are environmentally-friendly, biodegradable, and can be recycled. Slotted containers are highly durable and are lightweight, along with offering significant cost benefits to the buyer. Increasing usage in the secondary packaging of consumer durable goods across a variegated range of industries is expected to drive the slotted containers market during the forecast period.
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Increasing Demand from Electronics Industry Stimulates Market Growth
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.
Across the globe, fiber-based packaging is gaining wide traction with regards to its recycling nature of the paper-based material used in it. Slotted containers ensure producing strong, protective, and biodegradable packaging material made from virgin pulp as well as recycled material.
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Therefore, the rise in the demand for biodegradable fiber-based packaging is expected to drive the market for slotted containers.
Low-strength Threshold of Fiber-based Packaging Products and Use of Alternative and Cost-effective Packaging Materials
Fiber packaging products are not suitable for applications such as furniture, televisions, etc., which require unique cushioning abilities as provided by polystyrene material. Further, the cost of polystyrene material packaging products is relatively cheap, and these are reusable over a long tenure.
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Slotted Containers Market: Key Players
Some of the key players in the slotted containers market are mentioned below:
- Smurfit Kappa Group Plc.
- Mondi Group plc.
- International Paper Company
- WestRock Company
- Georgia Pacific Packaging LLC.
- Oji Holdings Corporation