Lid & Bottom Box market: Introduction
Lid & Bottom boxes are the primary packaging solution for most of the consumer goods and gifts. It is a very cost-effective and efficient packaging solution for the variety of products available in the market. The Lid and Bottom boxes contain a lid to cover the bottom box which contains product inside it. These boxes are available in hundreds of shapes and sizes to cater specific demands of the manufacturers. The box offers good handling and shipping protection to the product. Most of the companies pack their branded products in these attractive boxes to market their products. Almost 80% of the watches and shoes available in the market are packaged in the lid and bottom boxes packaging. The packaging solution is highly suitable for the packaging of these type of consumer goods. Lid & Bottom boxes are generally made of the paper and plastics material. The material offers high strength and resistance properties. The boxes are used in different industries such as automobile, personal care, food & beverages etc. for the wide range of applications. Packaging manufacturers are continuously focusing to innovate their existing products to stay competitive in the market.
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Lid & Bottom Box: Market Dynamics
The Lid & Bottom Boxes have noticed a noticeable growth in the past few years due to the rise in consumption levels of the consumer goods. This is primarily driven due to increase in disposable incomes of the middle-class households in the emerging economies such as India, China, Brazil, etc. The companies are also focusing to opt for the cost-friendly packaging solution and offer high strength and resistance characteristics. Also, due to high competition in the market, packaging manufacturers are providing these boxes at the competitive prices. The introduction of the alternative packaging solution may hamper the growth of the bottom & lid boxes in the coming years. Also, some brand owner often face some problems in the quality of the product to safeguard their products in transit. This is primarily due to the presence of hundreds and thousands of the manufacturers who do not meet quality standards. The latest trend observed in the lid & bottom boxes market is the innovation of the existing products and the material used for manufacturing of these boxes. There are lots of opportunities available in this market for the new entrants in the emerging economies to capture market share from other competitors by offering differentiated products.
Lid & Bottom Box: Market Segmentation
Lid & Bottom Box market is segmented as follows-
Lid & Bottom Box market segmentation by material type–
- Paper
- Plastics
- Glass
- Others
Lid & Bottom Box market segmentation by end use –
- Food & Beverages
- Gifts
- Personal Care
- Healthcare
- Others
Lid & Bottom Box Market: Regional outlook
Geographically, the global lid & bottom box market is segmented across following regions- North America, Asia-Pacific Excluding Japan, Japan, Eastern Europe, Western Europe, Latin America, Middle East and Africa. The penetration of the lid & bottom boxes is very high in the North America and European region due to the brand owners preferences towards more eco-friendly and cost-effective packaging solution. The consumer in these regions also get easily attracted by this type of packaging solution. The demand for lid & bottom boxes in the Asia Pacific region is increasing day by day due to increase in disposable incomes of the middle-class households. The per capita spending on these type of products has increased substantially in the last few years. The India and China region offer strong growth in the lid & bottom boxes during the forecast period. Also, the packaging solution is widely used in the Japan. The MEA and Latin America region also offer untapped growth potential in the lid & bottom boxes market.
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Lid & Bottom Box Market: Key players
Some of the key players in the global Lid & Bottom Box market are Pisacane srl, Essence Ecocrafts Ltd., Dongguan Fullbright Industry Co., Ltd., FABREGAS PACKAGING, S.L., Duke Packaging, China Doso Pak Co. Ltd., Tiny Box Company Ltd., Staples, Inc., HE Koch & Co.