Shoe Packaging Market Size & Share Sees Big Growth by 2024
Sarasota, FL -- (SBWIRE) -- 12/07/2017 -- Shoes are a part of the daily attire and their demand has been increasing rapidly. They are not only worn for a formal occasion but are used as a sportswear for casual looks. The consumers are now shifting their preference towards shoes over sandals and slippers. Shoe packaging is mainly used to pack the shoes in a visually appealing manner and they are also helpful for storing, protecting, transporting and communicating brand value to consumers. Increasing demand in the shoe market simultaneously increases the demand for the shoe packaging market.
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The global shoe packaging market is segmented into its shoe type, packaging type, and geography. On the basis of shoe type, the market is divided into casual shoes, running shoes, loafers, short shoes, long boots, and leather shoes. Based on packaging type, the market is segregated into corrugated boxes, tubular packaging, reusable shoe packaging, and sustainable reduced shoe boxes. On the basis of geography, the market is classified into North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa.
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Opportunities in the shoe packaging market have increased along with the growth in the footwear segment across the globe. Further, influencing the growth is the increasing demand for shoes and the need for delivering them in a more attractive manner. Rising demand for shoes in the casual and sports category is also fuelling the shoe packaging market growth. Shoe packaging is mainly used to draw consumers who prefer to wear expensive shoes as compared to the slippers or sandals. Innovations done in the shoe packaging market include the production of eco-friendly shoe packages which escalates the demand of the market. However, factors such as the onetime use of shoe packaging and decreasing availability of the natural resources may hamper the growth of the market in the long run.
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Asia-Pacific is expected to lead the shoe packaging market with respect to the consumption and manufacturing owing to the vast urban population and rapid industrialization in this region especially in countries such as China, Indonesia, India, Japan, Australia, and New Zealand. Following Asia Pacific in its growth is North America. The growth can be mainly attributed to factors such as frequent consumption of shoes and rapidly changing consumer lifestyle. The U.S. and Canada are the chief contributors to the growth of the market in this region. A stable demand is expected from the Latin American and European regions. Moderate growth is expected from the Middle East and Africa in the coming years as this region accounts for a lesser share in shoe packaging market.
Some of the major companies in the shoe packaging market include Packman Packaging Private Limited., Elevated Packaging., Precious Packaging, Royal Packers, Samrat Box Mfg. Co. Pvt. Ltd, Cross Country Box Company, Packaging of the World, Zhuhai ZhuoYa Packing Product Co. Ltd., and Sneakerbox Co.
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