DUBAI, United Arab Emirates, June 15, 2022 (GLOBE NEWSWIRE) -- The global cupcake box market is expected to reach a valuation of US$ 299.9 Mn in 2022. Expanding at a 4.8% CAGR, the market valuation is forecast to top US$ 366.5 Mn by 2032.
A cupcake box is a packaging solution made from plastic or paper & paperboard material to store and deliver cupcakes to the customer. These boxes are available in different sizes based such as less than 2 oz., 2 oz. to 5 oz., 6 oz. to 9 oz., and 10 oz. & above. They protect the cupcakes from any damage during their storage & transportation.
They also protect the cupcakes from external environmental factors and ensure good quality. Cupcake boxes with eye-catching prints & colors are gaining traction among consumers due to their attractive look, making them a suitable option for gifting. They are easy to use, handle, and assemble, and can be reused for other purposes.
Moreover, the availability of customization such as different shapes, colors, and sizes will augment sales. These boxes are being preferred among commercial bakers and home bakers.
The number of home bakers surged across the world during the lockdown phase. As the local bakeries remained shut down, individuals pursuing baking hobbies started to make cakes and cupcakes at home. The culture of gifting cakes & cupcakes to friends, families, and colleagues on their birthdays and anniversaries will bolster sales of cakes and cupcakes, which is expected to have a direct impact on sales of cupcake boxes.
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“Increasing preference for appealing packaging solutions to improve brand image and credibility among manufacturers is expected to augment growth in the cupcake box market over the assessment period,” says an FMI analyst.
Key Takeaways:
- Based on material, the paper and paperboard segment is projected to hold 60% of the total market share by the end of 2032.
- In terms of size, the 2 oz. to 5 oz. segment is estimated to expand at a CAGR of 5.8% during the forecast period, creating an incremental opportunity of US$ 64.2 Mn during 2022-32.
- The increasing consumption of cupcakes in Europe and North America will drive sales of cupcake boxes.
Cupcake Box Market Landscape
Key players operating in the cupcake box market include Plastic Package, Inc., LINDAR Corporation, Napco National, Graphic Packaging International, LLC, Smurfit Kappa Group plc, and Robinson Plc. Also, Inno-Pak, LLC, Dart Container Corporation, Pactiv LLC, McLaren Packaging Ltd, and Alefh Sp z o.o. Sp. K are some of the noticeable players operating in the cupcake box market. The tier 1 players operating in the cupcake market hold around 15-20 of the global cupcake box market.
Key players operating in the global cupcake boxes market are using production facility expansion, mergers and acquisitions, and new product launches to gain a competitive edge.
Some of the recent developments in the market include:
- In May 2022, the paper-based packaging company named Smurfit Kappa Group announced the expansion of its production capacity by investing in a new packaging plant in Morocco for corrugated packaging.
- In November 2021, Graphic Packaging International won 12 awards at the North American PPC Carton Awards which includes- Excellence Award for their McVitie’s Jaffa cakes festive gift box.
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How Is Rising Demand For Bakery Packaging Driving Sales Of Cupcake Boxes?
Increasing preference for affordable and convenient food packaging is driving sales of cupcake boxes. In addition to this, consumers are preferring online sales channels for buying food products and ingredients. E-commerce delivery of food products requires robust packaging solutions to ensure the quality maintenance of the product. This is expected to spur demand for effective cupcake boxes for online delivery services.
Cupcake boxes are easy to use and easier to reuse or dispose. Trends such as the introduction of low fat and sugar-free cupcake blends by bakers, a rise in awareness of new flavors and low-calorie cupcakes are expected to spur demand in the market.
Cupcake Box Market By Category
By Material:
- Paper and Paperboard
- Plastic
By Size:
- Less than 2 oz.
- 2 oz. to 5 oz.
- 6 oz. to 9 oz.
- 10 oz. and above
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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Cupcake Box Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global cupcake box market, analyzing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the cupcake box based on the material (paper and paperboard and plastic), and size (less than 2 oz., 2 oz. to 5 oz., 6 oz. to 9 oz., 10 oz. and above) across seven regions.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Cupcake Box Market Analysis 2015-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Mn Units) Analysis, 2015-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Mn Units) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Cupcake Box Market Analysis 2015-2021 and Forecast 2022-2032, By Material
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (Mn Units) Analysis by Material, 2015-2021
5.3. Current and Future Market Size Value (US$ Mn) & Volume (Mn Units) Analysis and Forecast by Material, 2022-2032
5.3.1. Paper and Paperboard
5.3.2. Plastic
5.4. Y-o-Y Growth Trend Analysis by Material, 2015-2021
5.5. Absolute $ Opportunity Analysis by Material, 2022-2032
6. Global Cupcake Box Market Analysis 2015-2021 and Forecast 2022-2032, By Size
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) & Volume (Mn Units) Analysis by Size, 2015-2021
6.3. Current and Future Market Size Value (US$ Mn) & Volume (Mn Units) Analysis and Forecast by Size, 2022-2032
6.3.1. Less than 2 oz.
6.3.2. 2 oz. to 5 oz.
6.3.3. 6 oz. to 9 oz.
6.3.4. 10 oz. and above
6.4. Y-o-Y Growth Trend Analysis by Size, 2015-2021
6.5. Absolute $ Opportunity Analysis by Size, 2022-2032
7. Global Cupcake Box Market Analysis 2015-2021 and Forecast 2022-2032, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Mn) & Volume (Mn Units) Analysis by Region, 2015-2021
7.3. Current Market Size Value (US$ Mn) & Volume (Mn Units) Analysis and Forecast by Region, 2022-2032
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. East Asia
7.3.5. South Asia
7.3.6. Oceania
7.3.7. MEA
7.4. Market Attractiveness Analysis by Region
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