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Cutter-Box Packaging Market

Market Insights on Cutter-Box Packaging covering sales outlook, demand forecast & up-to-date key trends

Cutter-Box Packaging Market By Material Type (Corrugated Fiberboard, Paper/Paperboard), Cutter System (Metal Blades, Plastic Blades, Slide Cutters), End Use (Foodservice, Household) & Region - Forecast 2022 - 2032

Cutter-Box Packaging Market Overview

The global cutter-box packaging market size is expected to be valued at US$ 9.3 Billion in 2032 and exhibit growth at a CAGR of 7.8% from 2022 to 2032. It is set to reach US$ 6.1 Billion in 2022. The rapid expansion of the fast food industry is a major factor that is likely to drive the demand for cutter-box packaging in the upcoming years.

Report Attribute

Details

Estimated Base Year Value (2021)

US$ 5.4 Billion

Expected Market Value (2022)

US$ 6.1 Billion

Anticipated Forecast Value (2032)

US$ 9.3 Billion

Projected Growth Rate (2022-2032)

7.8% CAGR

Cutter-box packaging is set to gain immense popularity in the assessment period backed by the high demand for convenient packaging solutions. The increasing awareness about various environmental concerns is also set to affect the growth in this market positively with the rising adoption of eco-friendly packaging solutions.

The growing focus of many packaging manufacturers on the production of economical, premium, and integrated packaging solutions to attract more consumers is expected to augment the market. The emergence of high-quality corrugated fiberboard and paperboard is likely to bolster the market.

The increasing usage of cutter boxes in the packaging of cling films, aluminum films, and similar other products is a major factor that is projected to push the market. Lamination and printing on this type of packaging can improve its appearance and provide a better promotional opportunity to brand owners and manufacturers, which is set to accelerate the cutter-box packaging market growth in the future years.

Which are Some Prominent Drivers Spearheading Cutter-box Packaging Market Growth?

The increasing shift of consumers towards convenience and ready-made food products is anticipated to propel the sales of cutter-box packaging in the foodservice sector. The surging demand for highly efficient packaging solutions at a relatively low cost from various food manufactures is another vital factor that is set to bode well for the market.

The growing utilization of cutter boxes for the packaging of numerous films is expected to drive the market in the near future. This type of packaging solution has several beneficial properties, such as solid cutter surface, easy film changing, and novel film dispensing. These properties are likely to help in generating more demand for cutter-box packaging from the foodservice industry.

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What are the Challenges Faced by the Cutter-box Packaging Industry?

The high bargaining power of buyers is anticipated to affect the market negatively in the projection period. The market is mainly characterized by the presence of a large number of buyers across the globe.

These buyers are expected to demand for customized and innovative packaging solutions for their products. It is in turn, set to result in high levels of price sensitivity and may cause material substitution, thereby hampering the cutter-box packaging market share.

Why is North America emerging as an Opportunistic Cutter-box Packaging Market?

North America is expected to remain at the forefront in terms of the cutter-box packaging market share in the forthcoming years. This growth is attributable to the high preference for fast food in the U.S. and Canada.

The increasing disposable income of people and the rapidly changing lifestyles are shifting their preference towards ready-to-eat meals and fast food. The presence of various renowned manufacturers in these developed countries is another crucial factor that is anticipated to augur well for the North America market.

Ismail Sutaria
Principal Consultant
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How is Asia Pacific Contributing to Growth of the Cutter-box Packaging Market?

The rapid urbanization in emerging economies, such as India and China is likely to boost the Asia Pacific cutter-box packaging market growth in the evaluation period. The increasing popularity of single-serve packs and the rising concerns regarding food wastage owing to improper packaging are also set to aid the growth in this region.

The high popularity of online food delivery applications, such as Zomato and Swiggy in India is anticipated to push the demand for this type of packaging in the near future. The ability of cutter boxes to enhance efficiency in terms of contamination prevention, as well as to extend the shelf life of food is also expected to drive the Asia Pacific market.

Market Competition

Some of the leading players operating in the global cutter-box packaging market include Hotpack Packaging Industries, Metal Edge International, Guangdong Yiyuan Plastics, Hangzhou Weibang Printing, Zeus Packaging Group, Guangzhou Hope-Star Packaging & Printing, and Hermann Companies among others.

Majority of the key players are engaging in strategic collaborations to meet the high consumer demand by surging their production. They are also striving to develop state-of-the-art technologies to deliver sustainable solutions to consumers. Meanwhile, a few other players are increasingly focusing on mergers and acquisitions to co-develop novel products and gain a competitive advantage in this market.

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Scope of Report

Report Attribute

Details

Growth Rate

CAGR of 7.8% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Material Type
  • Cutter System
  • End Use
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Easter Europe
  • APEJ
  • Japan
  • Middle East & Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • Hotpack Packaging Industries
  • Metal Edge International
  • Guangdong Yiyuan Plastics
  • Hangzhou Weibang Printing
  • Zeus Packaging Group
  • Guangzhou Hope-Star Packaging & Printing
  • Hermann Companies

Customization

Available Upon Request

Key Segments Profiled in the Cutter-box Packaging Industry Survey

By Material Type:

  • Corrugated Fiberboard
  • Paper/Paperboard

By Cutter System:

  • Metal Blades
  • Plastic Blades
  • Slide Cutters

By End Use:

  • Household
  • Foodservice
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Easter Europe
  • APEJ
  • Japan
  • Middle East & Africa

Frequently Asked Questions

FMI projects the global cutter-box packaging market to expand at a 7.8% value CAGR by 2032.

North America is predicted to be the fastest expanding market for cutter-box packaging in the near future.

Hotpack Packaging Industries, Metal Edge International, Guangdong Yiyuan Plastics, Hangzhou Weibang Printing, and Zeus Packaging Group are some of the prominent cutter-box packaging manufacturers

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Ismail Sutaria
Principal Consultant
LinkedIn
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Cutter-Box Packaging Market