The global sales of slipcases are estimated to be worth USD 228 million in 2021 and are anticipated to reach a value of USD 320 million by 2031. Sales are projected to rise at a CAGR of 3.5% over the forecast period between 2021 and 2031. The revenue generated by slipcases in 2020 was USD 220 million.
The slipcases market is driven by demand arising from high-end publishing and retailing, heavily reliant on presentation and protection. As the interest in collectable and limited edition items, like luxury books and speciality products, grows, so does the demand for custom slipcases that add to the product's appeal.
Coupled with advanced printing techniques, eco-friendly materials and designs meet the emerging trends in consumer preference and sustainability. In addition, e-commerce growth increases demand for slipcases to securely and attractively package items for direct-to-consumer sales. Stronger focuses on brand differentiation and unboxing experiences also contribute to the growth of the market.
Global Slipcases Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 220 million |
| Estimated Size, 2021 | USD 228 million |
| Projected Size, 2031 | USD 320 million |
| Value-based CAGR (2021 to 2031) | 3.5% |
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The premium grade packaging has assured the product's safety thus inviting usage of slipcases by the end users. This packaging solutions are used to add elegance and style to different products such as books, digital tablets, magazines, and other precious products. Innovations in packaging methods resulting in sustainable packaging has proved to be a value added proposition for the end users in selling their finished products reaping sound profits.
This is believed to be the key growth factor of the slipcases market. Additionally, the rapid growth and penetration of retail market consisting of gift based articles and routine based consumer goods is anticipated to increase the demand for the slipcases.
Favourable traits such as light in weight and variety of customized aesthetics in addition to protection of products. The associated economic cost has also acted in adoption of the product to a profound extent. Furthermore their sustainable future is also proving to be optimistic for the market growth in form of biodegradable, and recyclable products.
This boxes are significantly used for packaging of valuable items for gifting. The idea of designating days to raise awareness or commemorate certain events is gaining traction.
These days of commemorating and celebrating successes or achievements, as well as dedicating a day of appreciation to it, have allowed gifting firms all over the world to increase the demand. The growth of e-commerce based goods sector is also said to propel the market growth.
Also using this boxes for are being extensively used for storing antiques, valuable books & literature, scriptures and others.
As observed by the industry in general, the USA market was critically impacted by Covid-19 pandemic in 2020 with manufacturing sector growth plummeting over 15%.
The slipcases market growth too has been understood to experience the same with the rebound likely to be slower than the threshold rate, as consumers are likely to be more hesitant to return to luxury packaging, travel, and the hospitality industry in the early quarters, but scenario will improve by next few quarters.
USA market is expected to dominate the regional market as a result of increasing investment in R&D to provide manufacturers with sustainable packaging options, a rise in the number of product launches in the fashion and cosmetic sectors coupled with rising investments by luxury product manufacturers in sustainable development.
The Asia Pacific region accounted for prominent share in the global market owing to high industrial growth indices in countries including India, Japan, China, Australia, South Korea, and Indonesia have boosted their spending on luxury packaging. Furthermore, these countries have easy access to raw resources and low-cost labour.
According to data from Statista Luxury packaging industry in Asia Pacific was valued at USD 5098.4 Million in 2020 and will expand to USD 7015.7 Million by 2025 driven by sustainable and bio-degradable packaging. This will impact the regional market growth to a significant extent.
Some of the leading manufacturers and suppliers of Slipcases include
This are niche products and usually sold through online or retails sales outlet. Prominent share of manufacturers provide custom solution and options making market more competitive.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Slipcases Market
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