According to a recent report by
Transparency Market Research the competitive scene seems to be intensely
fragmented in the global pizza box market. Key players are anticipated
to center around the packaging solutions to increase market share. In
any case, emergence of local firms owing to negligible obstructions is
anticipated to heighten the market competition. Some of the leading key
players in the global pizza box market are WestRock Company,
International Paper Company, Georgia Pacific LLC, and DS Smith Plc. In
the coming years, organizations are probably going to indulge into
creating renewable packaging solutions as governments over the globe are
stressing on decreasing carbon emission.
The global pizza box market
was estimated to be of worth US$2,223.0 mn back in 2016. During
forecast periods from 2017 to 2025, the global market is evaluated to
project a CAGR of 4.6%.
The 10-15 inch medium size box is
dominating the entire pizza box market with share of around half of the
global market, however, the pizza slice boxes come out to be the rapidly
developing segment. Regionally, Europe and North America nations are
estimated to lead the global pizza box market, before 2025, as far as
both volume and value are concerned. The North America pizza box market
is assessed to surge at a CAGR of 3.6% during the forecast period owing
to the expanding consumption of pizza in the region and rise in
disposable income.
Changing Lifestyle to Fuel Demand in Global Market
The global pizza box is principally
being driven by the changing ways of life that are being managed by
consumption of packaged food and fat food. Developing number of
individuals for pizzas have been at the specific focus of surging demand
for pizza boxes. The market is as well supported by the mushrooming
pizza joints all over the world. The increasing number of independent
pizza outlets and pizza-joint chains have additionally stirred the
development of the global market. Besides, the accommodation of various
packaging sizes has additionally set off a demand for pizza boxes in
different sizes. Throughout the years, the size, shape, look, and the
aesthetic of a pizza box have secured a vital part in giving the
positive direction of the global market.
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Inclination Towards Health Eating to Hamper Market
In any case, the market for pizza boxes
faces a couple of hindrances. The developing acknowledgment among
purchasers about living and eating healthy food is likely to negatively
affect the general market. The especially notable expense of the
manufacturing folded pizza boxes is likewise anticipated that would be
one of the drawbacks for the entire market. In spite of the limitations,
the market will have a plenty of chances as the world will keep seeing
more youthful ages slanted towards eating junk food. Emergence of
well-known pizza brands in developing nations in the world will likewise
bring about increased demand for pizza boxes.
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