Slipcases Market

Slipcases Market : Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031

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

Slipcases Market Overview

According to study the Slipcases market is projected to expand between 5.5% and 7% CAGR during the 2021 to 2031 assessment period. Slipcases market is anticipated to grow with a steady growth rate in the forecast period.

Advances in technology allow manufacturers to offer premium options in market rather than sticking with their old package style. This has also enabled the company to pursue smart innovation and long-term product design.

What is Driving Demand for Slipcases?

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.

Favorable 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.

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Extra Celebratory Days to Calendar Boosts the Sales of Slipcases

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.

U.S. Market Growth Outlook

As observed by the industry in general, the U.S. 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.

U.S. 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.

Ismail Sutaria

Principal Consultant

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Asia Pacific Demand Outlook for Slipcases

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 labor.

According to data from Statista Luxury packaging industry in Asia Pacific was valued at US$ 5098.4 Mn in 2020 and will expand to US$ 7015.7 Mn by 2025 driven by sustainable and bio-degradable packaging. This will impact the regional market growth to a significant extent.

Who are the Key Manufacturers and Suppliers of Slipcases?

Some of the leading manufacturers and suppliers of Slipcases include

Taylor Box Company
Vulcan Information Packaging (Napko Company)
DELUXE BOXES
SHENZHEN KING FU COLOR PRINTING CO.
LTD. ASIA KOREA PRINTING INC.
Elegant Packaging
and others

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.