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The Demand For Pizza Box Market Was Estimated At US$ 2.56 Bn in 2019. It Is Projected To Witness A CAGR Of ~4% During The Forecast Period (2020-2028).
The Pizza box market is driven by escalating consumer demand for delivery of pizza along with convenient packaging formats such as corrugated pizza boxes. Overall pizza industry is anticipated to register profit as a result of rise in various pizza outlets across the nations such as pizza serving hotels and pizza takeaway points. Moreover, the high trend of ordering pizza online is likely to boost the market revenue during forecast period. Changing lifestyle also leads to rise in intake of packaged and fast food products are likely to drive the market. Massive awareness among consumers related to healthy eating habits and nutritious diets can hamper the growth of the market. However, introduction of new pizza products across emerging nations will certainly lead to high adoption of pizza boxes.
Moreover, aesthetic appeal and size of pizza box have played a key role in driving the business growth during the forecast period. High customer inclination towards takeaways and home delivery in various nations is expected to fuel the growth of pizza box market.
Corrugated packaging is highly preferred by various key players in the market. Low cost of corrugated pizza boxes and various other benefits offered by corrugated form of packaging are the factors contributing to the growth of the market. High preference for corrugated packaging formats is one of the main reasons boosting the adoption of pizza boxes in the market.
Clay Coated Cardboard Boxes Had Accounted For Significant Share of Pizza Box Market
Clay Coated Cardboard Boxes had accounted for a significant share of xx% in 2018 and is expected to remain dominant during the forecast period. Pizza shops prefer clay coated cardboard boxes owing to various benefits offered by this packaging format. Moreover, premium pizza chains prefer clay coated packaging format as these have smooth surface which supports easy printability and other benefits. These factors are expected to boost the growth of pizza box market during forecast period.
By Size, Large Size Pizza Boxes Are Expected To Dominate Market
Large size (5 inch and above) had accounted for a significant market share of XX% in 2019 and is expected to remain dominant during the forecast period. Large size pizza box is dominating the market and pizza slice boxes are the fastest growing segment during forecast period. These pizza boxes provide enough space for advertising and brand promotion. Due to these reasons, many end users prefer large size boxes over small sized ones. Overall, these factors add to the growth of this market during forecast period. Moreover, pizza boxes also help in making home delivery and takeaway easier and is considered to be an effective packaging solution.
The Market of Asia-Pacific is predicted to witness a lucrative growth in Global Pizza Box Market
Asia Pacific had accounted for a significant share of XX% in 2019 and is expected to remain dominant during the forecast period.
Asia Pacific market is expected to witness high growth during the forecast period. High growth is witnessed due to increasing consumption of pizza in the region, high disposable income, changing food habits in the region. Other factors contributing to the growth of pizza boxes market are low cost of manufacturing of corrugated pizza boxes, rise in consumer demand for pizza delivery and the advancement in the manufacturing designs.
However, Europe and North America are expected to dominate the global pizza box market during forecast period.
Many of the key packaging manufacturers offer pizza boxes such as DS Smith Plc, WestRock Company, Mondi Group, Smurfit Kappa Group Plc, Huhtamaki Oyj, International Paper Company. Other leading players in the market are BillerudKorsnäs AB, Magnum Packaging, R. S. G. Packaging Private Limited, New Method Packaging, Georgia-Pacific LLC and others.
Pizza Box Market by Box Type:
- Whole Pizza Boxes
- 5-10 inch (Small)
- 10-15 inch (Medium)
- 15 inch & above (Large)
- Pizza Slice Boxes
Pizza Box Market by material Type:
- Corrugated Paperboard
- Clay Coated Cardboard
Pizza Box Market by Print Type:
- Printed Boxes
- Offset Printing
- Flexographic Printing
- Screen Printing
- Non-Printed Boxes
Pizza Box Market by Region Type:
- North America
- Latin America
- Asia Pacific (APAC)
- Middle East & Africa (MEA)