United States Microflute Market is segmented By Application (Bag-in-box, Multipack, Primary packaging, Shelf ready, Others), By End-User (Food & beverages, Consumer electronics, Healthcare, Personal & household care, Others), and By Region (California, Georgia, Illinois, New Jersey, New York, Rest of United States) â Share, Size, Outlook, and Opportunity Analysis, 2022-2029
The "United States Microflute Market" is expected to grow at a high CAGR during the forecasting period (2022-2029).
United States Microflute Market Scope
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Metrics |
Details |
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Market CAGR |
High |
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Segments Covered |
By Application, By End-User and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Microflutes are durable, lightweight corrugated boards with minimum thickness, made from a fluted corrugated sheet and one or two inner and outer sheets.
The micro-flute packaging material can be cut or folded into any shape or size as per the design requirements.
The demand for micro-flute packaging materials is anticipated to increase, supported by the growth of e-commerce packaging and food & beverage segments, with companies focused on expanding production capacities to meet the growing demand.
The higher penetration of internet shopping in consumer behavior has led to innovative solutions for the packaging industry, improving micro flute packaging materials' quality.
The evolution of digital printing on micro-flute boards has also positively impacted the retail packaging industry, further driving the US market growth.
The strict environmental regulations against the contamination of landfills might act as barriers to market growth. The bag-in-box section is expected to witness a healthy growth rate owing to its demand for food & beverage packaging, household product packaging, and storing industrial liquids.
The rise in demand for micro flute packaging materials in processed food and fresh produce packaging is expected to drive the segment growth, increasing consumer awareness about enhanced printability and folding capabilities, further making micro flutes the material of choice.
The United States' micro-flute market is fragmented, with global and local suppliers catering to the growing market's demands at competitive pricing.
The companies are more focused on expanding business through mergers & acquisitions to strengthen their market position. The continued investment in innovative product development has also increased the market competitiveness.
Market Dynamics
The higher penetration of internet shopping in consumer behavior has led to innovative solutions for the packaging industry, improving micro flute packaging materials' quality.
According to the study published by the U.S Department of Commerce data, the annual online transactions for the purchase of various goods increased from USD 524 billion in 2018 to USD 602 billion in 2019.
Increased penetration of internet shopping of consumer goods, coupled with rising demand for high strength. Low-weight and cost-effective packaging solutions are driving the United States micro flute market during the forecast period.
Over the last few, most food processing and consumer electronic companies have shifted towards the inclusion of advanced packing materials such as micro flutes to reduce the damage to the products during transportation, improving customer satisfaction and zero returns in shipments.
The micro flutes are ideally suited for retail-ready packaging, consumer-packaging, and e-commerce packaging applications. These packaging materials provide cushioning surfaces to the products and reduce their high impacts during transportation & internal movements.
The above factors led to increased consumption of micro flute packaging materials by the food industry, consumer electronics, and personal care industry to meet the consumer demand.
Market Segmentation
United States bag-in-box market value is estimated to reach cumulative revenue of XX million between 2021-2029.
The bag-in-box section is expected to witness a healthy growth rate owing to its demand for food & beverage packaging, household product packaging, and storing industrial liquids.
Bag-in-box is a single-use packaging system and is effectively designed to extend the shelf-life of the liquids. These packaging products are evolved as a sustainable choice of packaging for many industries, including wine, juice, liquid, eggs, dairy, and many other non-food applications such as motor oils and chemicals.
The technical and economic advantages over bag-in-box usage in packaging applications include providing a safe filling process, easily dispensable, savings in shipping & warehousing costs, and reduction in over carbon footprints.
Increasing investment by packaging companies across the United States in new production plants improves its market presence and share in growing bag-in-box packaging for various industries.
In November 2016, Aran USA launched its production plant to manufacture bag-in-box in Greer, South Carolina, United States, to increase market position in the liquid food packaging market.
Competitive Landscape
The micro-flute market is fragmented, with global and local suppliers catering to the growing market demands at competitive pricing.
The continued investment in innovative product development has also increased the market competitiveness.
The companies are more focused on expanding business through mergers & acquisitions to strengthen their market position.
Why Purchase the Report?
- Visualize the composition of the United States Microflute market across each indication, in terms of the By Application, End Users, highlighting the critical commercial assets and players.
- Identify commercial opportunities in the United States Microflute Market by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of the United States Microflute Market - level 4/5 segmentation.
- A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the essential products of all major market players
Target Audience:
- Equipment Suppliers/ Buyers
- Service Providers/ Buyers
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Research Professionals
- Emerging Companies
- Manufacturers
Frequently Asked Questions
What is the Projected CAGR value of the united States Microflute Market?
United States Microflute Market is expected to grow at a CAGR of high during the forecasting period 2022-2029.
Which region controlled the global market during 2022-2029?
North America region Controls the united States Microflute Market during 2022-2029.
Which is the fastest growing region in the United States Microflute Market?
Among all regions, Asia Pacific is the fastest growing market share during the forecast period.