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Slotted Containers Market

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

Slotted Containers Market by Product Type, Material Used, Board Type, Grade Type, End Use & Region - Forecast 2022 - 2032

Slotted Containers Market Outlook

The slotted containers market is likely to record a strong CAGR of 4.5% during the forecast period. The slotted containers market is currently valued at US$ 3.3 Bn in 2022 and is likely to reach US$ 5.36 Bn by 2032.

Report Attribute

Details

Estimated Base Year Value (2022)

US$  3.3 Bn

Anticipated Forecast Value (2032)

US$  5.36 Bn

Projected Growth Rate (2022-2032)

4.5% CAGR

Sales of slotted containers have risen due to the immense size flexibility offered by such containers since they provide crush resistance and adequate strength for stacking in warehouses.

Increased usage in the secondary packaging of consumer durable goods across a variegated range of industries are also projected to contribute to the growth of the slotted containers market share.

The report sheds light on the factors improving the sales of slotted containers, and, in turn, the opportunities for market players. However, the slotted containers market also faces some challenges, which might limit the slotted containers market share from reaching its potential.

Some of the key slotted containers market trends promoting the demand for slotted containers include high durability, lightweight along with offering significant cost benefits to the buyer.

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What are the Key Dynamics to the Slotted Containers Market Share

Increasing demand for gadgets and smart gaming devices for entertainment and interaction purposes is driving the growth of the electronic wearables sector.

The demand for electronic wearables is also increasing for health and wellness monitoring, and hence, there is high demand for the packaging of these applications.

For the shipment of such electronic wearables, safe and secure packaging is required, which is provided by corrugated packaging such as slotted containers. As the electronics industry is witnessing a boom in developing countries such as India and China, the demand for the shipment of flexible items is also expected to increase.

This increase in demand for electronic wearables is expected to fuel the global slotted containers market during the forecast period.

Across the globe, fiber-based packaging is gaining wide traction with regards to its recycling nature of the paper-based material used in it.

Slotted containers ensure producing strong, protective, and biodegradable packaging material made from virgin pulp as well as recycled material. Therefore, the rise in the demand for biodegradable fiber-based packaging is expected to drive down the demand for slotted containers and further increase the sales of slotted containers.

Ismail Sutaria
Principal Consultant
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Which Region holds the Highest Growth Potential in the Slotted Containers Market

Owing to the innovations in food packaging, plant-based goods, robust tastes, and balanced ingredients, North America dominates the slotted container market.

Due to rising disposable income in Asia-Pacific, the slotted container market is expected to increase significantly.

Furthermore, growing sectors such as food and beverage, pharmaceuticals, and others are expected to drive the sales of slotted containers in the area in the coming years.

How is the Competitive Landscape in the Slotted Containers Market

The key players of the slotted containers market are focusing on enhancing and adopting strategies like enhancing the durability, sizes and its use to thrive business. This is driving the sales of slotted containers 

Some of the key participating players indulged in the sales of slotted containers are:

  • Smurfit Kappa
  • Mondi, International Paper
  • WestRock Company
  • Packsize International
  • Packaging Corporation of America
  • ABBE CORRUGATED PTY. LTD
  • Green Bay Packaging - Wisconsin Packaging Division
  • Raghav Packaging LLP
  • Bigbox
  • ABHILASHA PACKING SOLUTION
  • B & B Triplewall Containers Limited
  • Greenpack Industries
  • Manav Packaging
  • Harbour Packaging

These market players are anticipated to drive the slotted containers market by introducing new products and expanding geographically.

Companies manufacture innovative products to minimize the consumption of raw materials without compromising on performance and quality.

These lightweight flute slotted containers provide some measure of product protection by themselves, and also the corrugations help enhance various properties of the board, including strength, durability, weight, load bearing capacity, and flexibility.

This is the reason that slotted containers are preferred over normal cardboard slotted containers.

Recent Developments

  • Westrock Company completed the acquisition of KapStone Paper and Packaging Corporation. This acquisition will enhance its portfolio of corrugated packaging.
  • In August 2017, Georgia-Pacific continued the expansion of its corrugated packaging business, with the acquisition of Ohio-based PAX Corrugated Products.
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Report Scope

Report Attribute

Details

Growth Rate

CAGR of 4.5% from 2022 to 2032

Base year for estimation

2022

Historical data

2015 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis

Segments covered

Product type, Material used, Board type, Grade type, End use, Region

Regional scope

North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East & Africa (MEA)

Country scope

U.S., Canada, Mexico, Brazil, Germany, Italy, France, U.K, Spain, Russia, China, Japan, South Korea, India, Malaysia, Thailand, Indonesia, Australia & New Zealand, GCC, S. Africa, N. Africa

Key companies profiled

Smurfit Kappa, Mondi, International Paper, WestRock Company, Packsize International., Packaging Corporation of America, ABBE CORRUGATED PTY. LTD, Green Bay Packaging - Wisconsin Packaging Division, Raghav Packaging LLP, Bigbox., ABHILASHA PACKING SOLUTION, B & B Triplewall Containers Limited., Greenpack Industries, Manav Packaging., and Harbour Packaging

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

Frequently Asked Questions

The slotted containers market grows at a rate of 4.5% CAGR during the forecast period 2022 to 2032.

Key players holding a substantial slotted containers market share include Smurfit Kappa, Mondi, International Paper, WestRock Company, Packsize International., Packaging Corporation of America, ABBE CORRUGATED PTY. LTD, Green Bay Packaging - Wisconsin Packaging Division, Raghav Packaging LLP, Bigbox., ABHILASHA PACKING SOLUTION, B & B Triplewall Containers Limited., Greenpack Industries, Manav Packaging., and Harbour Packaging.

Demand for slotted containers is likely to rise on the back of increased usage in the secondary packaging of consumer durable goods across a variegated range of industries are also projected to contribute to the growth of the slotted containers market share.

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Ismail Sutaria
Principal Consultant
LinkedIn
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Slotted Containers Market