According to Future Market Insights (FMI), the custom packaging market is set to expand at a CAGR of 4.7% during 2022-32, which is about 1.6X the current market value. According to the recent market analysis, due to an increasing demand of 4.7% CAGR over the assessment period, the market valuation of custom packaging will reach US$ 9 Bn by 2032.
The most important factor to drive the market revenue growth is the increasing demand of innovative packaging. Apart from this, the other key drivers include - an immediate need for creating brand awareness and offering an unmatched unboxing experience for customers - thereby driving demand for custom packaging.
Whether you are a major player or a new entrant in the global market, there are multiple lucrative opportunities for packaging companies who are focusing on developing recyclable and sustainable packaging solutions. Additionally, the globally expanding e-commerce businesses is expected to continue to drive market growth in the future.
Custom packaging is the need-of-the-hour & rightly so! With todays growing economy, everyone and every brand is growing but the most important aspect of it all is retaining your brands individuality. And how does one retain that? Customisation. Customisation can allow your brand to stand out from the crowd in an extremely simple yet a cost-effective manner. The pandemic too has led to an increase in demand in the custom boxes market for both B2B as well as B2C markets. Markets such as India, China and such are seeing an increase in demand for single-use packaging boxes which are environment friendly too. Industries such as pharmaceutical, cosmetics, personal care and so many more are opting for the same - thereby pushing the market for a variety of packaging materials while being cost-effective.
Schmancy & Custom Packaging
Catering to various industries, Schmancy boasts packaging for a wide range of brands across industries. Delivering high-quality experiences to them all, our process of customisation is as simple as getting in touch with us.
We help you ideate and visualise your brand and in-turn bring your brand to life through our bespoke packaging solution. Contact us today at 9113849088 or drop in a mail to us at support@schmancy.in
Comments (1)
My handmade soap business is growing and in the next few months, I would need customised packing that can be shipped directly to my customers, once I am ready I would reach out to you. As long as they are eco friendly.