SWOT Analysis of Slotted Boxes Market 2019: Opportunities and Future Prospects

Packaging has become a means to ensure safe and secured transportation of goods and products across regions. Slotted boxes are one of the most common used materials to package product manufactured across several industrial verticals including food, beverage, agriculture, pharmaceuticals, chemical, electronics, etc. These industries manufactures items that are shipped across regions and hence requires reliable as well as cost effective packaging solutions such as slotted boxes. Slotted boxes are made from paper boards and may be corrugated or plain as per the need and requirement of the product to be packed.

The use of paperboards in the manufacturing of the slotted boxes results in its relatively lower price and hence is preferred across several industrial verticals and the trend is expected to continue throughout the forecast period. The manufacturers of the slotted boxes are continuously involved in designing and producing innovative slotted boxes that are compatible with wide range of products. Due to the continuous innovations in the packaging industries, there are many variants of slotted boxes available for attracting the end users.

Slotted Boxes Market – Dynamics

Packaging has always been a concern among the end users when it comes to shipping and transportation of the products. Slotted boxes are cost effective as it is manufactured from paperboards and hence are anticipated to be preferred packaging solutions. Slotted boxes are also available in corrugated form which ensures a higher degree of product safety and are generally used to package fragile products such as glass and other products. The cost effectiveness and product friendly features of the slotted boxes are anticipated to drive the market of slotted boxes throughout the forecast period. However, the availability of other packaging solutions such as shrink wrap films, bubble wraps, etc. are expected to challenge the growth of the slotted boxes market between 2017 and 2027.

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Slotted Boxes Market – Region wise outlook

The global Slotted Boxes market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

North America has been an established market for last couple of decades and the trend is anticipated to continue over the forecast period which is anticipated to reflect into lower demand for slotted box in the region between 2017 and 2027. Latin America is also expected to witness a sluggish growth in terms of demand in the slotted box market owing to the prevailing stagnant economy in the region. However, Asia Pacific is expected to show a meteoric growth in the slotted box market throughout the forecast period.

Emerging economies like India and China due to the increasing disposable income coupled with the growing industries such as food and beverage, pharmaceutical, etc. are anticipated to experience a hike in the demand for the slotted box translating into the burgeoning growth of the slotted box market over the forecast period. Europe is also expected to follow Asia Pacific in the slotted box market in terms of demand attributed by the cost effectiveness of the product and its applicability across several industrial verticals. However, Middle East and Africa is anticipated to witness a sluggish growth in the slotted boxes market throughout the forecast period due to the prevailing stagnant economy in the region.

Slotted Boxes Market – Key Players

The key players in the Slotted Boxes market include International Paper, Coyle Packaging (Peterborough) Ltd., Wisconsin Packaging Corporation, Packaging Corporation of America, PILOUS spol. s r.o., Corrugated Concepts & Packaging, Inc., Greenpack Industries.

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