Flower Box Market: Overview
Flower boxes provides excellent packaging solution for flowers. Flower box also promotes brand enhancement. Flower box are made up of solid cardboard which ensures stability and ensures minimal damage during transit. Most of the manufacturers focus on offering customized prints and textures according to the occasion to appeal to a wider clientele. It is also observed that most of the flower box manufacturers earn significant amount of their revenues during the festive seasons. Flower boxes are 100% recyclable which are made from renewable sources.
Increasing Corporate Culture to boost the sales of flower boxes
In recent years, corporate gifting has emerged as a major driving force contributing to growth in consumption of the cut flower packaging products. All kinds of corporate events involve exchange of flowers that are usually packaged in box. Many companies take such initiatives to foster their relationships with the employees. Also, formal events such as welcoming delegates, farewells and other cultural programs are inaugurated by presenting flowers or bouquets. This is expected to be another driver for the flower box market during the forecast period. Eye catching presentation of flower boxes increases sales rate. Moreover, minimal shipping costs due to light material weight tends to increase demand for flower boxes during the forecast period.
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People present bouquets and use cut flowers for decorations in events such as, weddings, inaugurations, birthdays etc. This is another major end use for flower box packaging and anticipated to be a key driver in fuelling the demand for flower box in the market. Nowadays distribution channel plays a vital role in the cumulative success of any enterprise. Increasing consumer inclination towards convenience stores and online sales channel has created high-growth prospects for the companies to distribute their products through these channels.
Asia Pacific is anticipated to Generate High Sales in Flower Boxes in the Forecast Period
Owing to increased corporate culture in developing regions such as India to drive the flower box market during the forecast period. Geographically the flower box market can be segmented into eight regions that are Europe, North and Latin America, South and East Asia, Oceania and Middle-East & Africa.
Flower Box Market: Key Players
Some of the key manufacturing in the flower box market are as follows:
- DS Smith
- Smurfit Kappa
- Atlas Packaging
- Hawaii Box & Packaging, Inc.
In flower box market, vendors’ landscape remains highly splintered. There are various unorganized players in the flower box market
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Flower Box Market: Key Developments
Key manufacturer such as Smurfit Kappa & D.S. Smith is expanding its manufacturing capability through acquisition and merger strategy
- In 2018, the company expanded its manufacturing capability by acquiring Raparenco, a containerboard mill in Netherlands.
- On March 2018, D.S. smith acquired EcoPack and EcoPaper.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain of the global flower box market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with flower box market attractiveness as per segments. The report also maps the qualitative impact of various factors on flower box market segments and geographies.