Custom Packaging Market and Business - A Decade Of Growth Is About To Come!
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 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 market revenue growth is the increasing demand for 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 that are focusing on developing recyclable and sustainable packaging solutions. Additionally, the globally expanding e-commerce businesses are expected to continue to drive market growth in the future. Custom packaging is the need-of-the-hour & rightly so! With today's growing economy, everyone and every brand are growing, but the most critical aspect is retaining your brand's individuality. And how does one keep that? Customization. Customization can allow your brand to stand out from the crowd in an extremely simple yet cost-effective manner. The pandemic to has led to an increase in demand in the custom boxes market for both B2B as well as B2C markets. Markets such as India, 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