Bizizz Market Research has recently published a research report, “Pizza Box Market By box Type (Whole Pizza Boxes (5-10 inch (Small), 10-15 inch (Medium), 15 inch & above (Large)), and Pizza Slice Boxes), Material type (Corrugated Paperboard (B-flute, E-flute, F-flute) and Clay Coated Cardboard), Print type (Printed Boxes (Offset Printing, Flexographic Printing, Screen Printing), and Non-Printed Boxes), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Pizza Box Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 3.5 Bn by 2027, witnessing a CAGR of 5 % during the forecast period. Key drivers of the market are growing demand for pizzas through online means along with advanced pizza box solutions are propelling its demand.
Global demand for pizzas is increasing in various countries that are supporting in the growth of pizza box in the market. Another vital factor driving by growing demand through delivery of pizza through online with traditional packaging means including corrugated pizza boxes. Pizza industry is projected to be profitable because of an increase in different pizza outlets globally. It also includes pizza serving hotels and pizza takeaway centers. Moreover, greater ordering pizza through e-commerce mode is about to boost the market revenue during forecast period. Lifestyle changes also encourage the demand in consumption of packaged and fast foods are having good demand.
The Pizza Box market is anticipated to register a CAGR of over 5% during the forecast period.
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By Material, Clay coated cardboard boxes segment held a prominent share in Global Pizza Box Market in 2018.
The demand for Clay Coated Cardboard Boxes is anticipated to have a significant market growth and could remain dominant during the forecast period. Pizza outlets chose clay coated cardboard boxes supporting through different advantages associated with it. However, pizza manufacturing organizations opt for clay coated packaging format because of their smooth surface contributing in printability and other advantages. These factors are anticipated to propel the growth of pizza box market during forecast period.
Asia Pacific is Anticipated to Dominate the Global Pizza Box Market during the Forecast Period.
The Asia Pacific region is anticipated to witness increased growth during the forecast period. Higher growth is exhibited by its increasing intake of pizza, greater purchasing power, and shift in food habits in this region. Its growth could be attributed to the pizza boxes that have lower cost of production in corrugated pizza boxes, increased consumer demand of pizza delivery and its advancement in manufacturing designs.
Global Pizza Box market was moderately consolidated with key players accounting for significant share in 2018. Organizations are expanding their market presence through partnering and mergers and acquisition strategies creating competency in the market.
Prominent players operating in the Global Pizza Box Market are: Gatewing, Sensefly, DeltaPizza Box, Titan aerospace, Infotron, Ascending Technologies, Aerial MBO, RedBird, Flying Eye, InterPizza Box, among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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