The market volume for global pizza box is expected to expand 1.5X during the forecast period 2017-2025.
Albany, NY -- (SBWIRE) -- 03/19/2018 -- For people in the pizza industry, pizza boxes are one of the most important packaging solutions which are used widely across the world. Market Research Hub (MRH) has publicized a fresh study, based on pizza boxes market which is titled as "Pizza Box Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 - 2025". This research identifies opportunities in the market and present updates as well as insights relating to various segments of the global pizza box market. Moreover, for the benefit of the readers, the report provides a complete perspective on the market's growth on the basis of revenue in US$ Mn, covering different geographical regions namely Europe, Asia Pacific, North America, Middle East & Africa and Latin America.
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It has been well-identified that, the love for pizza among the young population has been soaring day by day. Growing number of people in favor of pizzas have been at the very center of surging demand for pizza boxes. Pizza boxes are specially crafted to protect the product and also enhance its value. An ideal pizza box is likely to be thermally insulated, highly moisture resistant, easily stackable, and cheap to regulate internal humidity thus generating conditions suitable for pizza delivery.
Study Key Highlights
- The research study discovers that Pizza boxes have emerged as an effective packaging solution for the pizza industry supplying value to pizza manufacturers and consumers. According to the research major findings, the global pizza box market was valued at US$2,223.0 mn in 2016 and is expected to grow at a CAGR of 4.6% over the forecast period.
- Geographically, North America pizza box market is projected to outstrip others with a CAGR of 3.3% between 2017 and 2025. Some of the major factors supporting market growth in the region are the increasing consumption of pizza, growing disposable income, and magnifying trend of eating fast food among people.
- The growth of the pizza box market is also attributable to the flourishing e-commerce industry, overpowering adoption of smartphones, and excellent logistics facilities.
- Moreover, the research has been analyzed on the basis of material used for manufacturing pizza boxes. The market is segmented into corrugated paperboard and clay-coated cardboard material segments. The clay coated cardboard for pizza boxes is generally preferred by premium pizza chains consisting of the smooth surface. The soaring number pizza-selling chains and independent pizza outlets have also augmented the growth of the global market.
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In the end, the research provides vital information about the key players operating in the sector along with their company overview, financials, SWOT analysis, strategy and recent developments. Key players in the global Pizza box market include Georgia-Pacific LLC., Smurfit Kappa Group PLC., DS Smith Plc., WestRock Company, Reynolds Group Holdings Ltd., International Paper Company, Mondi Group, Huhtamaki Oyj, BillerudKorsnäs AB, New Method Packaging, Pratt Industries Inc., KapStone Paper and Packaging Corp., Rengo Co., Ltd., Magnum Packaging, R. S. G. Packagings Private Limited.
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