According to a new research study by Report Ocean, the global market for pizza box is showcasing great potential for growth. The report, titled “Global Pizza Box Market Size study, By Box Type (Whole Pizza Boxes and Pizza Slice Boxes)), By Material (Corrugated Paperboard and Clay Coated Cardboard), By Print (Printed Boxes (and Non-Printed Boxes), and Regional Forecasts 2020-2027,” presents a thorough assessment of this market by performing a complete analysis of each of its segments, taking the past performance and future prospects into consideration.
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As per the research study, the rising dependency of consumers on home delivery and takeaways (HDTA) across the world is boosting the demand for pizza boxes significantly and it is safe to say that the worldwide market for pizza boxes is marked by a tremendous rise in demand for pizza delivery. The number of pizza eateries and chain stores and dedicated pizza take-away outlets has also increased substantially, which is another important factor, adding to the growth of this market. Continuous innovation in packaging designs is also providing essential support to this market. The increasing number of packaging companies will prove to be fruitful for the worldwide market for pizza boxes in long term.
Going forwards, the increase in liking for junk food among younger people and constant roll out of new flavors are likely to add to the opportunities in the global market for pizza boxes over the period of the forecast. The trend of ordering pizzas online is also projected to accelerate the market in the years to come. On the other hand, the increasing focus on health and fitness, resulting in the rising preference for healthy food habits and nutritious diet may hamper the growth of this market over the next few years, states the research report.
High Usage of Whole Pizza Boxes Supports Market Growth
The research report offers an in-depth analysis of all the segments in the global pizza boxes market. As per the study, the market is classified on four fronts: Box type, material, print, and region. Whole pizza boxes and pizza slice boxes are the two main segments of this market in terms of the box type. Among the two, the demand for whole pizza boxes is relatively higher and the scenario is likely to remain so in the near future. Based on material, the corrugated paperboard segment has been leading the global market while the clay coated cardboard segment is expected to gain impetus over the next few years. In terms of printing, printed boxes and non-printed boxes are the two segments of this market.
Regionally, the worldwide pizza box market reports its presence across Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Europe and North America lead the pizza box market, owing to a surge in pizza consumption in these regions. Asia Pacific is also projected to rise significantly during the forecast period, thanks to the increasing number of pizza store outlets.
Impact of Covid 19 on Global Pizza Boxes Market
The lockdown imposed due to Covid 19 spread across a number of nations affected the global pizza boxes market substantially. With restaurants and eateries completely shut, the demand for pizza declined drastically and so the need for pizza boxes. However, as the governments are on their way to lift the lockdown and the food and beverage sector already reopened, the market is likely to get back to its normal self soon.
Key Findings
- Europe and North America lead the pizza box market.
- The demand for whole pizza boxes is relatively higher than pizza slice boxes.
- The corrugated paperboard segment is leading the global market.
The global pizza box market is segmented into:
By Box Type
- Whole Pizza Boxes
- Pizza Slice Boxes
By Material Type
- Corrugated Paperboard
- Clay Coated Cardboard
By Print type
- Printed Boxes
- Non-Printed Boxes
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Rest of the World
Companies Mentioned in the Report
- Smurfit Kappa Group Plc.
- DS Smith Plc.
- WestRock Company
- International Paper Company
- Mondi Group
- Huhtamaki Oyj
- Georgia-Pacific LLC
- Pratt Industries Inc.
- Reynolds Group Holdings Ltd.
- KapStone Paper and Packaging Corp.
- Rengo Co. Ltd.
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