Shoe Packaging Market Overview
It is defined as a packaging used to package shoes in order to provide safety to the shoe. Shoe packaging provides protection against dust, damage, and atmospheric moisture. Shoe packaging differs from brand to brand. Moreover, printed shoe packaging provides detailed information about the shoe and it is considered as an effective communication of product information and branding elements.
Market Size and Forecast
Global shoe packaging market is anticipated to flourish at a CAGR of 3.5% over the forecast period i.e. 2017-2024. Further, the market of shoe packaging is escalating on the back of growing shoes industry all across the globe.
The global shoe packaging market is segmented into shoe type, packaging and region. On the basis of shoe type, the market is segmented into leather shoes, long boots, short shoes, loafers, running shoes and casual shoes, out of which casual shoes packaging is expected account for the biggest market in overall shoe packaging market and is projected to witness significant CAGR by the end of 2024. In addition to this, wide product portfolio of casual shoes along with high adoption rate is projected to boost the demand for casual shoes which is expected to fuel the growth of casual shoes packaging market by 2024. Furthermore, running shoe segment is believed to grow stupendously by the end of 2024 owing to rising consumer awareness regarding fitness and wellness.
In the regional platform, Asia-Pacific region is estimated to be the biggest market of shoe packaging in 2016. Additionally, Asia-Pacific region is believed to continue its dominance during the forecast period owing to growing population along with rising per capita income of the middle class population in this region have augmented the demand for shoes which is believed to foster the growth of shoe packaging market. The major countries contributing in the market of shoe packaging are China, Japan and India.
North America accounted the second largest market of shoe packaging in 2016 aided by U.S. Further, rising adoption of sustainable packaging in North America region due to stringent environmental regulations taken by government for the environmental safety. In North America, U.S. captured the biggest shoe packaging market in 2016. Further, increasing research and development activities by major key players is also predicted to bolster the growth of shoe packaging market. Europe is anticipated to witness a tremendous growth during the forecast period. U.K. and France are the major countries witnessing the augmented demand for shoe packaging.
Our in-depth analysis has segmented global shoe packaging market into the following segments:
By Shoe Type
Global shoe packaging market is further classified on the basis of region as follows:
Growth Drivers and Challenges
Rising environmental concerns and growing public awareness about eco-friendly shoe packaging are envisioned to be the dynamic factor behind the rapid growth of shoe packaging market over the forecast period. Further, rapid urbanization coupled with changing lifestyle of the consumers have augmented the demand for attractive and innovative shoe packaging which is projected to boost the demand for shoe packaging by the end of 2024. Likely, various big players of shoe packaging is continuously advancing their shoe packaging product portfolio by investing in research and development activities. Moreover, increasing demand for eco-friendly shoe packaging is predicted to positively impact the growth of shoe packaging market.
Moreover, strict government legislations for the safety of environment coupled with availability of incentives and support from the government is one of the major factors behind the growth of sustainable shoe packaging market. Further, rapidly growing population is projected to boost the demand for shoes which in turn believed to flourish the growth of shoe packaging market.
However, innovative packaging can increase the overall price of shoe which is expected to create reluctance among the consumer to buy shoe which in turn hamper the growth of shoe packaging market globally.
Scope and Context
Overview of the Parent Market
The global shoe packaging market is segmented as follows:
Supply & Demand Risk
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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