Shoe Packaging Market Share

Global Shoe Packaging Market Overview

Shoe Packaging Market Size was valued at USD 6.3 Billion in 2022. The Shoe Packaging industry is projected to grow from USD 6.5 Billion in 2023 to USD 8.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.50% during the forecast period (2023 - 2032). Major market drivers anticipated to drive the worldwide market for shoe packaging are consumer preferences, the introduction of sustainable packaging materials, and the need for affordable designs.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Shoe Packaging Market Trends

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  The increasing number of sports enthusiasts is driving the market growth

  
  

It is anticipated that rising fashion consciousness and the number of sports enthusiasts would fuel the shoe packaging industry. In order to broaden their product offerings, leading sportswear companies including Adidas, Under Armour, Asics Corporation, Puma, Nike, Inc., and FILA are also introducing brand-new goods. For instance, Under Armour released the most adaptable training shoe for athletes, the UA SlipSpeed, in October 2022. Such situations increase need for fresh shoe packaging that showcases the distinctiveness of the shoes.

The expanding trends in shoe packaging and online buying are extremely important to the trade and e-commerce industries. Boxes, paperboard boxes, plastic boxes, and other packaging varieties are frequently utilised in this industry. Due to fast globalisation, there has been an increase in international trade throughout the past century. For instance, the total value of global commerce climbed by 25% in 2020 and 13% in 2021, reaching a new high of $28.5 trillion in 2021, according to the United Nations Conference on commerce and Development (UNCTAD) in February 2022. When developing and producing shipment packaging for international trade, exporters must take into account factors including damage, humidity, leakage, theft, and high weight. All of these occurrences are projected to boost the market's expansion for shoe packaging.

With customers becoming more environmentally concerned, there is a noticeable increase in demand for environmentally friendly packaging solutions. Companies in the e-commerce sector are putting more effort into using sustainable packaging since consumers now have higher criteria when choosing products and packaging that adhere to environmental packaging guidelines. For instance, one of the biggest e-commerce giants, Amazon, declared in June 2020 that all single-use plastic packaging coming from its more than 50 fulfilment centres in India had been discontinued. As a result, the growth of the shoe packaging market is being driven by the expansion of commerce, which is one of the major consumers of packaging, particularly secondary and tertiary packaging.

Due to customer preferences, the advent of sustainable packaging materials, and the demand for cost-effective designs, the global market for shoe packaging is anticipated to experience rapid expansion. Many shoppers in wealthy nations are drawn to shoes that come in stylish handbags. Such choices are advantageous for the market expansion in these areas. The development of sustainable materials is also providing positive support for manufacturers of shoe packaging items. Government initiatives that support the adoption of environmentally friendly packaging are seen as a major factor in the expansion of shoe packaging companies. Additionally, both established market leaders and recent entrants in the Shoe Packaging Market are implementing cutting-edge designs that not only appeal to the general public but also reduce the cost of purchasing raw materials. It is anticipated that the availability of such designs and their suitability for storing and transporting a variety of shoe kinds would help the Shoe Packaging Market grow more broadly. Along with the global expansion of the footwear industry, opportunities in the shoe packaging market have grown. The necessity to supply shoes in a more appealing way and the rising demand for shoes are other factors impacting the increase. The market is expanding due to rising demand for shoes in the casual and athletic categories. Thus, driving the Shoe Packaging market revenue.

Shoe Packaging Market Segment Insights

Shoe Packaging Type Insights

The Shoe Packaging Market segmentation, based on type, includes flexible and rigid. Rigid segment dominated the global market in 2022. Rigid packaging has an exterior that is rigid and non-flexible. Rigid plastics are employed in businesses and sectors related to shoe packaging based on their attributes and advantages. Malleable packaging is a type of flexible packaging. Bags and shoe packaging pouches are a few of typical forms of flexible packaging. Depending on the materials, flexible packaging can make the products relatively bendable, which is advantageous during transit.

Shoe Packaging Material Insights

The Shoe Packaging Market segmentation, based on Material, includes paper, plastic, and others. Paper segment dominated the Shoe Packaging Market in 2022. Paper is a material with a remarkably wide range of applications. It is utilised for shoe packaging options including corrugated boxes, thick boards, paper bags, and moulded pulp containers. The shoe packaging industry uses a variety of plastic materials. Plastic packaging is strong, long-lasting, and has good moisture and contaminant barrier properties.

Shoe Packaging Distribution Channel Insights

The Shoe Packaging Market segmentation, based on distribution channel, includes online and offline. Offline segment dominated the global market in 2022. Sales made through offline mediums including stores, malls, brand stores, and others are taken into account in the distribution channel sector. Websites and shopping apps like Amazon, Flipkart, and others that are available online are taken into account.

Figure 1: Shoe Packaging Market, by Distribution Channel, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Shoe Packaging Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific Shoe Packaging market dominated this market in 2022 (45.80%). Due to its large urban population and fast industrialization, particularly in nations like China, Indonesia, India, Japan, Australia, and New Zealand, Asia-Pacific is predicted to dominate the market in terms of consumption and manufacturing. Moreover, China’s Shoe Packaging market held the largest market share, and the Indian Shoe Packaging market was the fastest growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: SHOE PACKAGING MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

The North America Shoe Packaging Market accounted for the healthy market share in 2022. The rise is mostly explained by elements like frequent shoe usage and quickly evolving consumer lifestyles. The main drivers of market expansion in this region are the United States and Canada. Further, the U.S. Shoe Packaging market held the largest market share, and the Canada Shoe Packaging market was the fastest growing market in the North America region.

Europe Shoe Packaging market is expected to register significant growth from 2023 to 2032. The busy consumer lives that are boosting shoe sales throughout European nations are largely to blame for this. The rise in the purchase of different shoe types, such as athletic shoes, high heels, and boots, as well as the quickly changing lifestyles of consumers, can also be related to the market expansion. Further, the German Shoe Packaging market held the largest market share, and the U.K Shoe Packaging market was the fastest growing market in the European region

Shoe Packaging Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Shoe Packaging market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Shoe Packaging Industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Shoe Packaging Industry to benefit clients and increase the market sector. In recent years, the Shoe Packaging Industry has offered some of the most significant advantages to medicine. Major players in the Shoe Packaging market, including Packqueen, Zhuhai Zhuoya Packing Product Ltd., Cross Country Box Company, Precious Packaging, Packaging of the World, Packman Packaging Pvt. Ltd., Sneakerbox Co., Elevated Packaging, Samrat Box Mfg. Co. Pvt. Ltd., and Royal Packers, are attempting to increase market demand by investing in research and development operations.

The company Smurfit Kappa Group Plc (Smurfit) offers paper packaging services. Corrugated containers, container boards, and other paper-based packaging materials are produced, distributed, and marketed by this company. The company sells corrugated and packaging goods, paper bags, protective packaging items, container boards, kraftliners, and graphic and solid boards. Additionally, it provides seedlings, bag-in-box, testliners, preprinted liners, retail packaging, postal packaging, recovered papers, packaging equipment, and pulp. The business also offers recycling, package fulfilment, supply chain optimisation, packaging design, and consulting services for packaging machinery. In Europe and the Americas, it runs paper mills, recovered fibre facilities, and conversion units. Dublin, Ireland serves as the home base for Smurfit. A folding carton business called Cartonbox, which was based in Monterrey, in the northeastern region of Mexico, was purchased by Smurfit Kappa Group PLC in July 2021.

A provider of paper and packaging solutions is WestRock Co (WestRock). It produces and sells folding cartons, bleached paperboard, coated recycled paperboard, retail displays, and pulp products, among other containerboard and paperboard goods. In addition, WestRock offers corrugated containers, recycled linerboard, coated white top linerboard, and kraft paper and pulp. Grupo Gondi was purchased by WestRock Company in December 2022. In Mexico, this acquisition consists of four paper mills, nine corrugated packaging facilities, and six high graphic facilities that provide sustainable packaging for a variety of end industries, including the North American shoe packaging industry.

Key Companies in the Shoe Packaging market include

• Packqueen


• Zhuhai Zhuoya Packing Product Ltd.


• Cross Country Box Company


• Precious Packaging


• Packaging of the World


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  Packman Packaging Pvt. Ltd.


• Sneakerbox Co.


• Elevated Packaging


• Samrat Box Mfg. Co. Pvt. Ltd.


• Royal Packers

Shoe Packaging Industry Developments

October 2022: The most adaptable training shoe made for athletes, the UA SlipSpeed, was introduced by Under Armour. Such situations increase need for fresh shoe packaging that showcases the distinctiveness of the shoes.

December 2020: A new multi-brand paper packaging solution that is recyclable and reusable has been introduced by the fashion retailer H&M as part of its sustainable operations.

Shoe Packaging Market Segmentation

Shoe Packaging Type Outlook

• Flexible


• Rigid

Shoe Packaging Material Outlook

• Paper


• Plastic


• Others

Shoe Packaging Distribution Channel Outlook

• Online


• Offline

Shoe Packaging Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America