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2023

Shoe Packaging Market

Shoe Packaging Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Material, by Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2021-2031

CM : Packaging

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Author's: Ajitesh Gupta | Sonia Mutreja
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Shoe Packaging Market Research: 2031

The Global Shoe Packaging Market Size was valued at $9.1 billion in 2021, and is projected to reach $12.2 billion by 2031, growing at a CAGR of 3% from 2022 to 2031.Shoe packaging is used to safely store, protect, and transport shoes. Packaging can be used to showcase shoes in a visually appealing way and communicate brand values ‐‹‐‹to customers, allowing brands to differentiate themselves from their competitors. Shoe packaging is essential for safely moving shoes through the supply chain. Insufficient packaging may damage the shoes, so packaging must not affect the ability to protect and store the shoes.

Shoe Packaging Market

Market Dynamics

Growing trend of online shopping, shoe packaging plays a vital role in the trade and e-commerce industry. The types of packaging that are generally used for this sector include boxes, paperboard boxes, plastic boxes, and others. The past century witnessed an incline in international trade as a result of rapid globalization. For instance, in February 2022, according to United Nations Conference on Trade and Development (UNCTAD), the total value of international trade increased by 25% in 2020 and 13% during 2021 and it reached a record high of $28.5 trillion in 2021. It is important for exporters to consider issues such as damage, humidity, leakage, pilferage, and extreme weight when designing and manufacturing shipping packaging for international trade. All such instances are anticipated to augment the shoe packaging market growth.

There is a significant rise in the demand for eco-friendly packaging options with the rise in environmental consciousness among consumers. Customers now have higher standards when selecting items and packaging that support environment-friendly packaging standards, hence e-commerce industry companies are focusing on utilizing sustainable packaging. For instance, in June 2020, Amazon which is one of the largest e-commerce companies, announced that all single-use plastic packaging originating from its more than 50 fulfilment centers in India have been eliminated. Thus, the rise in trade which is one of the largest users of packaging, especially secondary, and tertiary packaging is driving the growth of the shoe packaging market.

However, huge amounts of waste generated by shoe packaging is expected to impede the growth of the market. Governments across the world have taken steps to restrict the use of packaging that is not environment-friendly, such as plastic bags, flexible polythene bags for packaging, and others. For instance, in June 2022, according to the central pollution control board (CPCB), 30 single use plastic items have been listed by the Indian government body to prohibit the sale, store, distribution, export, and utilization of packaging. Hence, such factors are expected to constrain the market growth of the shoe packaging industry.

The demand for shoe packaging decreased in 2020, owing to low demand from different regions due to lockdown imposed by the government of many countries. The COVID-19 pandemic had shut down the production of shoe packaging for the end-user, mainly owing to prolonged lockdowns in major global countries.

This has hampered the growth of the shoe packaging market significantly during the pandemic. The major demand for shoe packaging was previously noticed from giant manufacturing countries including China, U.S., Germany, Italy, and the UK, which was badly affected by the spread of coronavirus, thereby halting demand for shoe packaging. This is expected to lead to re-initiation of manufacturing industry at its full-scale capacities, which is likely to help the shoe packaging market to recover by end of 2022.

Increasing number of sports enthusiasts along with growing fashion consciousness is expected to drive the shoe packaging market. In addition, sports brands such as Adidas, Under Armour, Asics Corporation, Puma, Nike, Inc., FILA and other key market players are launching brand new products to strengthen its product portfolio. For instance, in October 2022, Under Armour’s introduced UA SlipSpeed, the most versatile training shoe designed for athletes. Such instances create demand for brand new shoe packaging which reflects the uniqueness of the shoes. Thus, such developments in the industry, that generate more sales are expected to provide lucrative growth opportunities for the shoe packaging market.

Segmental Overview

The shoe packaging market is segmented on the basis of type, material, distribution channel and region. By type, the market is classified as flexible and rigid. By material, the market is divided into paper, plastic, and others. By distribution channel, the market is bifurcated into online, and offline.

Region wise, the shoe packaging market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Shoe Packaging Market by Type

By Type:

The shoe packaging market is categorized into flexible and rigid. Flexible packaging includes malleable packaging. Some common examples of flexible packaging are bags, and pouches which are used for shoe packaging. Flexible packaging can enable the goods to be relatively malleable, which is useful during transit depending on the materials. Moreover, packaging that has rigid, non-flexible exteriors is known as rigid packaging. According to its qualities and benefits, rigid plastics are used in shoe packaging industries and sectors. Rigid segment is expected to exhibit the largest revenue contributor during the forecast period. Flexible segment is expected to exhibit the highest CAGR share in the type of segment in the shoe packaging market during the forecast period.

Shoe Packaging Market by Material

By Material:

The shoe packaging market is classified into paper, plastic, and others. Paper is an exceptionally versatile material, having a wide range of uses. It is used for shoe packaging solutions that range from thick boards, including paper bags, cartons, corrugated boxes, and molded pulp containers. There are different plastic materials used in shoe packaging market. Plastic packaging is durable, resilient, and has good barrier qualities to withstand contamination and moisture.

The packing materials made of plastic are strong while being lightweight. The others segment includes wooden and rubber packaging. Wood and rubbers are natural which makes it biodegradable and biocompatible. The paper segment is expected to be the largest revenue contributor during the forecast period, and the plastic segment is expected to exhibit the highest CAGR share in the material segment in the shoe packaging market during the forecast period.

Shoe Packaging Market by Distribution Channel

By Distribution Channel:

The shoe packaging market is divided into online, and offline. In distribution channel segment sales by offline medium such as shops, shopping malls, brand store and others are considered. Online medium such as websites, shopping apps such as Amazon, Flipkart, and others are considered. The offline segment is expected to exhibit the largest revenue share in the distribution channel segment in the shoe packaging market during the forecast period. The online segment is expected to exhibit the largest CAGR during the shoe packaging market forecast period.

Shoe Packaging Market by Region

By Region:

The shoe packaging market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2021, Asia-Pacific held the highest revenue in shoe packaging market share. And LAMEA is expected to exhibit the highest CAGR during the forecast period.

Competition Analysis

The major players profiled in the shoe packaging market include Cross Country Box Company, Elevated Packaging, Packman Packaging Pvt. Ltd., Packqueen, Packaging of the World, Precious packaging, Royal Packers, Samrat Box Mfg. Co. Pvt. Ltd., Sneakerbox Co., and Zhuhai Zhuoya Packing Product Ltd.

Major companies in the market have adopted acquisition, partnership and product launch as their key developmental strategies to offer better products and services to customers in the shoe packaging market.

Some examples of acquisition and partnership in the market

In March 2022, for instance, ABG (Authentic Brands Group) established a strategic relationship with SportChek, a multichannel store based in Canada, to market Reebok branded goods such as sports apparel and footwear in that nation. Reebok's items will be made available by the retailer through this arrangement at 300 of its corporately owned stores and complementing e-commerce websites. Such initiatives are expected to strengthen the Canadian shoe packaging market outlook during the forecast period.

In July 2021, Smurfit Kappa Group PLC acquired Cartonbox, which is a folding carton company located in Monterrey, in the north-east part of Mexico. This acquisition will expand Smurfit Kappa’s business in Mexico's market. Moreover, Smurfit Kappa Group PLC offers custom cardboard shoe box known as 'eShoe box' is a unique packaging for shoe.

In December 2022, WestRock Company acquired Grupo Gondi. This acquisition includes four paper mills, nine corrugated packaging plants and six high graphic plants throughout Mexico that manufactures sustainable packaging for a wide range of end markets including shoe packaging in the North America region.

The product launch in the market

In October 2022, Under Armour’s introduced UA SlipSpeed, the most versatile training shoe designed for athletes. Such instances create demand for brand new shoe packaging which reflects the uniqueness of the shoes.

In December 2020, a fashion brand H&M, through its sustainable operations, has launched a new multi-brand paper packaging system that’s reusable and recyclable. These packaging are used for apparel, accessories, shoe packaging and other products. Thus, such developments in the industry, that generate more sales are expected to provide lucrative growth opportunities for the shoe packaging market.

In November 2021, Mizuno USA, a shoe packaging company has announced to switch to shoe boxes made of 100% recycled paper starting in November 2021 as part of its sustainability activities to reduce CO2 emission. Such instances encourage producers to adopt eco-friendly shoe packaging, which in turn boosts the market growth.

In August 2020, July 2022, Neeman’s, a brand of sustainable footwear in India, has launched of its new sneaker range made from TENCEL Lyocell fibers, derived from natural raw material wood sources like a eucalyptus tree. Moreover, it has launched sustainable packaging made with plantable paper leaflets for sneakers packaging.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the shoe packaging market analysis from 2021 to 2031 to identify the prevailing shoe packaging market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the shoe packaging market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global shoe packaging market trends, key players, market segments, application areas, and market growth strategies.

Shoe Packaging Market Report Highlights

Aspects Details
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Market Size By 2031

USD 12.2 billion

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Growth Rate

CAGR of 3%

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Forecast period

2021 - 2031

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Report Pages

220

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By Type
  • Flexible
  • Rigid
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By Material
  • Paper
  • Plastic
  • Others
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By Distribution Channel
  • Online
  • Offline
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, UK, France, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, South Korea, India, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Packman Packaging Pvt. Ltd., Precious Packaging, Zhuhai Zhuoya Packing Product Ltd., Packaging of the World, Elevated Packaging, Packqueen, Samrat Box Mfg. Co. Pvt. Ltd., Cross Country Box Company, Sneakerbox Co., Royal Packers

Analyst Review

The shoe packaging market witnessed a huge demand in Asia-Pacific. The highest share of the Asia-Pacific market is attributed to increasing demand for shoe packaging in the fashion industry in region.

Shoe packaging is generally used to present shoes in a visually appealing manner, but it can also be used to store, protect, transport, and communicate brand value to buyers. Growing trend of online shopping, shoe packaging plays a vital role in the trade and e-commerce industry. The past century witnessed an incline in international trade as a result of rapid globalization. For instance, in February 2022, according to United Nations Conference on Trade and Development (UNCTAD), the total value of international trade increased by 25% in 2020 and 13% during 2021 and it reached a record high of $28.5 trillion in 2021. Moreover, significant rise in the demand for eco-friendly packaging options with the rise in environmental consciousness among consumers is another factor driving the market. However, huge amount of waste generated by shoe packaging is expected to impede the growth of the market. The governments across the world have taken steps to restrict the use of packaging that is not environment- friendly, such as plastic bags, flexible polythene bags for packaging, and others. Hence, such factors are expected to constrain the market growth of shoe packaging industry. Increasing number of sports enthusiasts along with growing fashion consciousness is expected to drive the shoe packaging market. In addition, sports brands such as Adidas, Under Armour, Asics Corporation, Puma, Nike, Inc., FILA and other key market players are launching brand new product to strengthen its product portfolio. Thus, such developments in the industry, that generate more sales are expected to provide lucrative growth opportunities for the shoe packaging market.

The major players profiled in the shoe packaging market include Cross Country Box Company, Elevated Packaging, Packman Packaging Pvt. Ltd., Packqueen, Packaging of the World, Precious packaging, Royal Packers, Samrat Box Mfg. Co. Pvt. Ltd., Sneakerbox Co., and Zhuhai Zhuoya Packing Product Ltd.

Author Name(s) : Ajitesh Gupta | Sonia Mutreja
Frequently Asked Questions?

The Shoe Packaging Market valued for $9,123.40 million in 2021 and is estimated to reach $12,201.30 million by 2031, exhibiting a CAGR of 3% from 2022 to 2031.

The forecast period considered for the global shoe packaging market is 2022 to 2031, wherein, 2021 is the base year, 2022 is the estimated year, and 2031 is the forecast year.

The latest version of global shoe packaging market report can be obtained on demand from the website.

The base year considered in the global shoe packaging market report is 2021.

The major players profiled in the shoe packaging market include Cross Country Box Company, Elevated Packaging, Packman Packaging Pvt. Ltd., Packqueen, Packaging of the World, Precious packaging, Royal Packers, Samrat Box Mfg. Co. Pvt. Ltd., Sneakerbox Co., and Zhuhai Zhuoya Packing Product Ltd.

The top ten market players are selected based on two key attributes - competitive strength and market positioning.

The report contains an exclusive company profile section, where leading companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

Based on type, the rigid segment dominated the market in 2021.

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Shoe Packaging Market

Global Opportunity Analysis and Industry Forecast, 2021-2031