Slotted Containers Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Slotted Containers Market is segmented By Material (Kraft Paper, Paperboard), By Product (Corrugated Slotted Boxes, Plain Slotted Boxes), By Slot Type (Regular Slotted Container, Half Slotted Container, Semi-Overlap Slotted Container, Full Overlap Slotted Container, Center Special Slotted Container, Center Special Overlap Slotted Container, Center Special Full Overlap Slotted Container), By Application (Retail packaging, Electronic packaging, Office and stationery packaging, Shipping boxes, Paints and lubricants, Pharmaceutical packaging, Food and beverage packaging, Others), By Region (North America, Europe, South America, Asia-Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

Slotted Containers Market Overview

The global slotted containers market is estimated to reach at high CAGR of 5% during the forecast period (2023-2030).

Slotted boxes are one of the most commonly used packaging products in several industries, including food, beverage, agriculture, pharmaceuticals, chemical, and electronics. These industries produce effects that must be transported through several countries, necessitating dependable and cost-effective packaging solutions such as slotted boxes.

For the slotted container, all of the flaps have the same or different lengths depending on the type of box, and the two outer flaps are one-half the container's width, which meet in the center. They always require glue, tape, or staples to close and owing to their highly efficient design, there is little manufacturing waste. Slotted boxes are made of paperboard and may be corrugated or plain, depending on the product to be packed. Because of the use of paperboard in the manufacturing of slotted boxes, they are comparatively less costly. Different types of slotted containers are available in the market, such as regular slotted container, half slotted container, semi-overlap slotted container, full overlap slotted container, center special slotted container, center special overlap slotted container, and center special full overlap slotted container.

Slotted Containers Market Scope

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Slotted Containers Market Dynamics

The global slotted container market is driven by the rising demand for a slotted container in different end-users owing to the product's cost-effectiveness, the high degree of product safety and can be used to pack fragile products. Increase E-commerce industry and improving online purchasing of goods is creating a huge demand for the slotted container, thus expected to uplift the global market for the product in the forecast period  

Rising demand for a slotted container in different end-users owing to product's cost-effectiveness, the high degree of product safety and can be used to pack fragile products 

Slotted containers are made up of paperboard material which offers significant properties such as basis weight, thickness (or caliper), stiffness, density, bulk, bending, ply bonding, and glue ability. These properties are interrelated to various degrees and function the virgin ratio to recycled fibers and production conditions. Furthermore, paperboard can be easily cut and formed, is lightweight, and exhibit strong behaviour, thus highly used in packaging. Slotted boxes are also available in a corrugated form that ensures a higher degree of product safety and is generally used to package fragile products such as glass and other products. In addition, cost-effectiveness and high product safety with application in the packaging of fragile products add value to the growing market of slotted containers. Regular slotted containers are used in almost every application and release almost zero waste when cute and versatile. Half-slotted containers are predominantly used in the packaging of goods undergoing transportation or displayed uncovered. However, the full overlap slotted container on the other side perform well in rough handling as the 2 boxes faced with flaps hand imparts extra thickness, which acts as an extra cushioning or more stacking strength—depending on which side the flaps are facing. Likewise, other types of slotted containers are used in different applications, imparting additional advantages to the market's growth in recent times. 

Increase E-commerce industry and improving online purchasing of goods is creating a huge demand for the slotted container, thus expected to uplift the global market for the product in the forecast period  

E-commerce has been an integral part of the global retail system in recent years. Like many other sectors, the retail landscape has changed significantly since the internet's launch, and continuing digitalization of modern life, customers from nearly every country today profit from the conveniences of online purchases. The number of digital buyers grows every year as internet connectivity and acceptance proliferate around the world. In 2019, nearly 1.92 billion people bought products or services online, with global e-commerce revenues exceeding 3.5 trillion dollars in the same year. This rising percentage of the e-commerce industry and increasing consumer awareness about the platform have positively impacted the market of protective packaging, boxes, and together accounted for nearly 80% of the total in 2015 and are expected to grow at the fastest rate forecast period.

The product's recyclability creates immense opportunities for the market to grow the market further and used different packaging applications in the forecast period.

The primary raw material used to manufacture slotted containers is paperboard or corrugated fibreboard, a thick-paper-based material with certain superior attributes such as foldability and rigidity. These corrugated boxes show the excellent property of recycling which helps to reduce solid waste disposal. The collected fiber is then taken to make new corrugated packaging for another ground of reusability, allowing for fewer new raw materials. Furthermore, corrugated cardboard is recycled more than any other packaging material in the U.S in recent times. This recyclable property helps the packaging industry improve environmental quality and helps the industry make new and innovative products we use every day. Thus the recycling property of the raw material is creating immense opportunities for the slotted containers to further grow in the market and be used in different packaging applications in the forecast period

COVID-19 Impact Analysis

The effect of covid-19 on the packaging industry has a mixed impact, and different packaging end-users rely on their portfolios. Most packaging manufacturers supply important industries with their goods and services, including pharmaceutical packaging, packaged food, labelling of hand sanitisers and disinfectants, soap, detergent, and hand wash packaging, which are currently in high demand. However, without significant packaging, the entire food, pharmaceutical, and consumer goods industry will collapse. During and after the pandemic, China is considered the leader in the packaging sector. The economy is likely to decrease by up to 50 per cent since all the companies that depend on China for packing now move their businesses to other countries such as India. However, during the global lockdown in the spring of 2020, it seems that most e-commerce firms saw a rise in online sales. According to the survey, 90 per cent of businesses saw a rise in online revenue, with 50 per cent reporting more than 100 per cent. Nonetheless, 6% of respondents state their e-commerce sales decreased as a result of the lockdown.

Slotted Containers Market Segment Analysis

The global slotted containers market is segmented based on material type, product type, slot type, application and region. 

The regular slotted container is known as the most common and basic type of slotting container, which is used in almost all applications as the product imparts a highly efficient design for many application 

In terms of slot type, the global spout caps market is segmented into a regular slotted container, half slotted container, semi-overlap slotted container, full overlap slotted container, center special slotted container, center special overlap slotted container, and center special full overlap slotted container. Out of the mentioned types, regular slotted containers show the dominant market in recent times due to product versatility among different end-users. Regular slotted containers are the most common and basic type of slotting containers used in almost all applications as they impart a highly efficient design for many applications. All flaps of the container are of the same length, and the two outer flaps (normally the lengthwise flaps) are one-half the container's width so that they can reunite at the center of the box when closed. The reason behind the significant market growth of a regular slotted container includes easy manufacturing, easy assembling, and extreme versatility. It can be easily scalable as per customer demand compared to other types of slotted container packing.

Slotted Containers Market Geographical Share

Rising developments in food packaging, plant-based products, bold flavours, and balanced ingredients are expected to contribute to the market's growth in the coming years in the United States. 

Throughout the forecast era, the slotted box market in the Asia Pacific is projected to expand at a breakneck pace. Due to rising disposable income and expanding industries such as food and beverage, pharmaceuticals, and others, developing economies in countries like India and China are expected to increase demand for slotted boxes, resulting in slotted box growth. 

Furthermore, in 2018, total e-commerce sales in the region were USD 832 billion across all product categories, with growth anticipated in the coming years. Around 1,7 billion people in the Asia pacific shop online with e-commerce and the number is estimated to reach up to 60% of the population by 2022. Some factors contributing to this occurrence are 48.1% internet penetration,  1.7 billion e-commerce users or 49% penetration rate, more than 7,000 startups in the region; and 1.46 billion smartphone users. Thus, the growing digitalization and penetration of the e-commerce industry trigger the demand for slotted containers in the Asia-Pacific region in the forecast period.

Slotted Container Market Companies and Competitive Landscape

The slotted container market is highly competitive with the presence of local as well as global players. Some of the key players contributing to the market's growth include Packaging Corporation of America, Green Bay Packaging - Wisconsin Packaging Division, Packsize International, International Paper, WestRock Company, Koch Industries, Inc, Mitchel-Lincoln, ABBE CORRUGATED PTY. LTD, PakFactory, Oji Holdings Corporation and others. 

The major players adopt several growth strategies such as product launches, acquisitions, and collaborations, contributing to the spout caps market's growth globally. However, key players favour company expansion and acquisition as the market growth strategy to build revenue for their business.

• For instance, in October 2020, Green Bay Packaging Inc. (GBP), recently announced the news of acquiring Third Dimension Inc; the company is founded in 1991 by Louis DeJesus and Jeanette DeJesus. TD has an excellent reputation in the marketplace for corrugated packaging innovation, molded foam packaging, 4 color digital printing and superior customer service. The acquisition of the Third Dimension is a great fit for Green Bay Packaging, which bring huge opportunities for the company to grow its business in several states

WestRock Company

Overview: WestRock collaborates with customers to develop exclusive paper and packaging solutions that help them compete in the marketplace. From more than 300 operational and company locations throughout North America, South America, Europe, Asia, and Australia, WestRock's 45,000 employees serve customers worldwide.

Key Development:

• In December 2017, WestRock Company, a leading supplier of differentiated paper and packaging solutions, has entered into an official agreement to buy Plymouth Packaging, Inc. ("Plymouth") for substantially all of its assets. Plymouth is a corrugated packaging company that sells 70% of its products through its "Box on Demand" systems, corrugated fanfold, and 30% through standard corrugated box packaging.

The global slotted container market report would provide access to an approx: 69 market data tables, 69 figures and 180 pages.