The global Pizza Box market gathered revenue around USD 2.60 billion in 2021 and market is set to grow USD 4.90 billion by the end of 2030 and is estimated to expand at a modest CAGR of 5.10% during the prediction period 2022 to 2030.
Growth Factors:
The global pizza box market is characterized by rising in consumer demand for pizza delivery, cost of manufacturing of corrugated pizza boxes, and the advancement in the manufacturing designs. The global market is observed to generate revenues primarily driven by growing number of pizza restaurants, pizza chain outlets, or simply pizza takeaway points. Growing pizza industry and the modern trend of ordering pizzas online has propelled the global pizza box market. The market volume for global pizza box is expected to expand 1.5X during the forecast period 2021-2030.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Pizza Box market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Pizza Box market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
Report Coverage
Report Scope | Details |
Market Size | USD 4.90 billion billion by 2030 |
Growth Rate | CAGR of 5.10% From 2022 to 2030 |
Base Year | 2021 |
Forecast Period | 2022 to 2030 |
Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
Segments Covered | Box Type, Material Type, Print Type, Region |
Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
Companies Mentioned |
Smurfit Kappa Group PLC., DS Smith Plc., WestRock Company, International Paper Company, Mondi Group, Huhtamaki Oyj, Georgia-Pacific LLC., New Method Packaging, Pratt Industries Inc., Reynolds Group Holdings Ltd. KapStone Paper and Packaging Corp., Rengo Co., Ltd., BillerudKorsnäs AB, Magnum Packaging, R. S. G. Packagings Private Limited.. |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Pizza Box market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Changing Lifestyle to Fuel Demand in Global Market
The global pizza box is principally being driven by the changing ways of life that are being managed by consumption of packaged food and fat food. Developing number of individuals for pizzas have been at the specific focus of surging demand for pizza boxes. The market is as well supported by the mushrooming pizza joints all over the world. The increasing number of independent pizza outlets and pizza-joint chains have additionally stirred the development of the global market. Besides, the accommodation of various packaging sizes has additionally set off a demand for pizza boxes in different sizes. Throughout the years, the size, shape, look, and the aesthetic of a pizza box have secured a vital part in giving the positive direction of the global market.
Inclination Towards Health Eating to Hamper Market
In any case, the market for pizza boxes faces a couple of hindrances. The developing acknowledgment among purchasers about living and eating healthy food is likely to negatively affect the general market. The especially notable expense of the manufacturing folded pizza boxes is likewise anticipated that would be one of the drawbacks for the entire market. In spite of the limitations, the market will have a plenty of chances as the world will keep seeing more youthful ages slanted towards eating junk food. Emergence of well-known pizza brands in developing nations in the world will likewise bring about increased demand for pizza boxes.
Pizza Box Manufacturers Look for Innovative Ways to Spur Brand-Consumer Interaction
Pizza brands have made boxes as a key touchpoint for consumer interaction in the rapidly growing online food delivery markets. Pizza forms a sizable share of all online food ordering and takeaways in the food industry. Over the years, the number of food delivery partners has also swelled in several developing economies of the world. This has benefitted home delivery restaurants in urban and semi-urban parts of various countries around the world. As a result, packaging companies have put recurrent focus on bringing new product designs in the pizza box market to meet the consumer dynamic. Pizza boxes are commonly made using corrugated paperboard. There has been intense efforts to come out with eye-catching graphics and brand designs to customize pizza boxes. Further, the contents that adorn the surface of the pizza boxes are also a key part of brand positioning strategy of pizza brands in an effort to forge a unique relationship with the target consumers. These have led pizza and packaging brands try out new advertising approaches in the pizza box market. New types of packaging materials that are environmentally friendly have also come to the fore. An example is the pizza box made of virgin kraft paper, which may add a premium feel to the target consumer.
The COVID-19 pandemic has forced industries to realign their strategies over the last few months to make their business models resilient to macroeconomic shocks. The economic repercussions of the health pandemic was wide, with restriction orders also taking a toll on online food delivery businesses around the world. However, pizza ordering was one of the services that rebounded earlier than expected, and restaurants had been increasing their pace of activities to meet voluminous online orders for pizzas. All these shaped the pizza box market in the recent months. New branding opportunities by food packaging companies will tap into new customization trends in the market in next few months.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Pizza Box Market include: Smurfit Kappa Group PLC., DS Smith Plc., WestRock Company, International Paper Company, Mondi Group, Huhtamaki Oyj, Georgia-Pacific LLC., New Method Packaging, Pratt Industries Inc., Reynolds Group Holdings Ltd. KapStone Paper and Packaging Corp., Rengo Co., Ltd., BillerudKorsnäs AB, Magnum Packaging, R. S. G. Packagings Private Limited.
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
By Box Type
By Material Type
By Print Type
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Pizza Box market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Pizza Box market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Pizza Box markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Pizza Box Market Study: