Over the years, the packaging industry
has changed from just meeting the primary obligation of goods transfer
to a significant factor for the sale of the product. Coupled with the
modern technological advancement, the demand for appealing &
convenient packaging solution has added to the growth of the global die
cut interior box market. Die-cutting is the method of cutting and
creasing high volumes of paperboards usually cartons with the use of die
cutting machines. Manufacturers coupled with retailers are gaining
traction towards die cut interior box as it is an economical packaging
solution that provides safety to the product which essentially fuels the
growth of the global die cut interior box market. Die Cut Interior boxes
are majorly used in the promotional packaging of pharmaceuticals as
well as food & beverages industry. Die cut interior box packaging
protect the product as well as nurtures the structural integrity of that
package.
Die Cut Interior box Market: Drivers & Restraints
One of the key factors that have led
towards the growth of the die cut interior box market is the significant
evolution in the retail sector. Die cut interior boxes has emerged as
an advanced packaging solution from vendors and retailers point of view
and are in high demand from small business institutions which operate
across the globe. However, die cut interior boxes are non-reusable
towards other kinds of products. As a result, this boxes need to be
dumped, thus contributing towards the increasing waste issues.
The global die cut interior box market
can be segmented based on material type and end use. Based on the type
of material used, paperboard material is expected to dominate the die
cut interior box market over the forecast period. Paperboard is likely
to bag a comparatively higher market share owing to emersion of a
negligible carbon footprint on the environment in comparison with
plastic in the global die cut interior box market. By end use, die cut
interior boxes are in high demand for packaging of electronic
appliances, home & personal care products, etc. and are expected to
drive this market over the forecast period.
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Die Cut Interior box Market: Regional Overview
Geographically, the die cut interior box
market is segmented into seven regions, namely North America, Latin
America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan
(APEJ), Japan and the Middle East and Africa (MEA).
The die cut interior box market in North
America and European nations is expected to grow at a steady rate as
this regions are projected to be the largest markets for die cut
interior box owing to the higher use of e-commerce portals which leads
to healthy sales of home care & customer durable products in this
region. The Asia-Pacific region is anticipated to have a high market
attractiveness concerning growth in die cut interior box market. The
boom in the retail sector in the developing economies such as China
& India is expected to further drive the sales of the die cut
interior boxes in this region by the end of the forecast period.
Likewise, growth in other end-use industries across Latin America and
MEA region is estimated to boost the growth of demand of die cut
interior box in the near future. Overall, the global die cut interior
box market is expected to show a healthy CAGR over the forecast period.
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