Global Shoe Packaging Market Size, Share, Trends, Opportunities Analysis Forecast Report by 2026
According to Facts & Factors, the global shoe packaging market size is expected to surpass around US$ 4296 million in 2020 to US$ 5509 million by 2026 and is expanding growth at a registered CAGR of 4.23% from 2021 to 2026.
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Shoes are an essential component of any outfit, regardless of whether it is a business or casual setting. Shoe packaging, which includes having the shoes wrapped in beautiful boxes, serves a variety of important purposes, including defending, storing, transporting, and communicating the value of the brand to customers. Shoe packaging provides protection for shoes against a variety of hazards, including moisture, dust, damage, and shocks. Printing capabilities of shoe packaging materials take into account the efficient transmission of product information as well as aspects related to branding in order to increase the overall value for the end user.
Key Market Players:
Major players operative in the global shoe packaging market is Elevated Packaging, M. K. Packaging, Precious Packaging, Packman, Sneakerbox Co, Packaging of the World, Samrat Box Mfg. Co. Pvt. Ltd, Great Little Box Company, Cross Country Box Company, Zhuhai ZhuoYa Packing Product Co. Ltd., Merrypak, Packman Packaging Private Limited, My Box Printing, Packqueen, Royal Packers, Marber, Taizhou Forest Color Printing Packing, and Pack Now amongst others.
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It is anticipated that consumer preferences, the introduction of environmentally friendly materials for shoe packaging, and the demand for designs that are more cost-effective will all contribute to the growth of the global market for shoe packaging. A significant number of consumers in affluent countries are drawn to shoes that come with chic purses. The expansion of the market for shoe packaging in these regions can benefit from the availability of these various options. The utilisation of eco-friendly materials is proving to be profitable for companies that specialise in the production of shoe packaging as well. For example, PUMA initiated a loyalty programme in the beginning of 2017 with the intention of enticing and rewarding the next generation of soccer players who wear PUMA apparel.
In order to commemorate the launch of the programme and to welcome the newest members, the shoe packaging was reimagined by PUMA in collaboration with the experiential agency Cramer. It was explained to the first people to sign up for the PUMAPitch programme that the new soccer shoes they ordered would be shipped in a unique container. They had been led to believe that a high-end cardboard box, which is the industry norm, would be provided. Members, on the other hand, were each presented with an elegant black plastic case. The only catch was that it was secured with a padlock. It has also been determined that government regulations in a variety of countries that encourage the use of environmentally friendly packaging are one of the driving factors behind the expansion of the shoe packaging industry.
It is anticipated that the Asia-Pacific region will dominate the expansion of the global shoe packaging market.
It is anticipated that the Asia-Pacific region will continue to hold the dominant position throughout the duration of the forecast period. This is due to the fact that the region’s expanding population and rising per capita income of the middle class have led to an increase in the demand for shoes, which is anticipated to fuel the expansion of the market for shoe packaging.
Additionally, the growing acceptance of sustainable packaging can be attributed to the government’s stringent environmental requirements for environmental safety. In addition, the leading companies in this market are anticipated to step up their research and development efforts, which, in turn, is anticipated to contribute to the expansion of the shoe packaging market.
Companies at the forefront of their industries, as well as startups, are embracing innovative designs that not only win over customers but also reduce the costs of essential raw materials. It is likely that the availability of such designs, as well as their compatibility with the storing and shipping of a wide variety of shoe types, will contribute to an increase in the overall growth of the global market for shoe packaging.
The global shoe packaging market is segmented as follows:
By Type of Shoes:
- Leather Shoes
- Long Boots
- Casual Shoes
- Short Shoes
- Running Shoes
By Type of Shoe Packaging:
- Sustainable Reduced Shoe Boxes
- Corrugated Boxes
- Reusable Shoe Packaging
- Tubular Packaging
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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