The collapsible sleeve containers market is set to grow at a 4.6% CAGR through 2030, driven by sustainable packaging innovations and ecommerce growth.
The global collapsible sleeve containers market is slated to exhibit a CAGR of 4.6% amid the assessment period, 2020-2030. The growth can be primarily attributed to raw materials innovations for sustainable bulk packaging solutions. While the demand has dropped on the onset of the COVID-19 pandemic, the growth of the ecommerce sector and purchases of food and drugs via these channels will ensue in growth prospects.
With the impact of the COVID-19 pandemic, the global collapsible sleeve container market is expected to reflect a moderate decline, primarily driven by disruptions to activities across the construction, chemical and automotive industries respectively. Demand is likely to remain steady increasing across food and beverage production and processing with increased focus over space-efficiency in terms of logistics. It is in this context that a holistic coverage of the market has been undertaken by ESOMAR-certified market research firm, Future Market Insights (FMI).
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“Collapsible sleeve container market players will gain from surge in disposable incomes of middle-class consumer populace who have adopted novel packaging solutions. These containers are further being increasingly formed from recyclable materials that will assist in decreasing the carbon footprint in the sector, thus fuelling market growth.” says the FMI report.
Key Takeaways
Driving Factors
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Constraints
Anticipated Market Impact by COVID-19 Outbreak
The collapsible sleeve containers market growth has been disrupted due to COVID-19 pandemic imposed lockdown restriction and supply chain disruptions. Players are likely to capitalize the demand for essential commodities incorporating pharmaceutical and food & beverage products to generate lucrative prospects in the implementation of collapsible packaging formats.
Furthermore, the growth of the ecommerce sector amid the crisis period and purchases of food and drugs through these channels will ensue in development prospects, partially mitigating losses amid the crisis.
Competition Landscape
Some of the leading companies operating in the global collapsible sleeve containers market include Schoeller Allibert Services B.V., DS Smith Plc, Rehrig Pacific Company Inc., Corn-Pearl North America Inc., RPP Containers, TranPak Inc., CABKA Group, Sohner Plastics LLC, Shuert Technologies LLC, Reusable Transport Packaging Inc., Buckhorn Inc., Ribawood S.A., Prairie Plastic Holdings, Enlightening Pallet Industry Co. ltd. and Qingdao CNplast Co. Ltd. Key companies have been engaged on investments into product launch and development endeavors as well as geographic extension strategies to fortify their market positions.
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Table of Content
1.1. Global Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2.1. Market Coverage
2.2. Market Definition
3.1. Key Trends Impacting the Market
3.2. Product Innovation Trends
4.1. Product Adoption Analysis
4.2. Product USPs / Features
5.1. Historical Market Value (US$ Mn) and Volume (Units) Analysis, 2015-2019
5.2. Current and Future Market Value (US$ Mn) and Volume (Units) Projections, 2020-2030
5.3. Y-o-Y Growth Trend Analysis
5.4. Absolute Incremental Opportunity Analysis
6.1. Regional Pricing Analysis
6.2. Pricing Break-up
6.3. Global Average Pricing Analysis Benchmark
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The article discusses the growth prospects of the collapsible sleeve containers market, projected to expand at a 4.6% CAGR through 2030.
Sustainable packaging innovations and the rise of ecommerce are key drivers of market growth.
COVID-19 has caused disruptions, but growth in ecommerce and essential commodities has mitigated some losses.
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