NEWARK, Del, June 08, 2022 (GLOBE NEWSWIRE) — The candle box market is estimated to be worth $3.3 billion in 2022, with a projected value of $5.5 billion by 2032. Over the period forecast, the candle box market is expected to grow at a CAGR of 5.4% through 2032.
The COVID-19 pandemic has drastically changed the daily life of people all over the world for the candle market as well. As part of the new normal, new protocols have been established to ensure public health and safety.
Companies in the candle box market have been heavily impacted by these changes for several months as extended shutdowns and social distancing rules have pushed the economy into an alarming recession affecting opportunities in the candle box market.
In terms of sustainable packaging for the candle box market, government agencies continue to seek solutions to packaging waste and recyclability issues. Many countries attempt to control this by changing manufacturing regulations and tax laws.
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Due to the growing applications of candles, the candle boxes market as well as the future candle box market trends are expected to grow significantly over the forecast period. Candles are also used to decorate homes and offices, and to celebrate festivals such as Diwali and Christmas, which is another major factor in the candle box market.
Additionally, consumers’ increasing disposable incomes and changing lifestyles have allowed them to spend more money on candles with better shapes and exotic flavors, which is good for intensifying the main candle box market trends and opportunities.
Additionally, increasing disposable incomes and changing lifestyles of consumers have enabled them to spend more money on candles with unique shapes and exotic flavors, driving the market for candle boxes. However, the presence of a large number of unorganized candle makers can pose a global challenge to the candle box market and the adoption trend of the candle box market as a whole.
KEY POINTS TO REMEMBER:
- The mass box segment of the standard category candle box market is expected to grow at a CAGR of 3.3% through 2032.
- Till 2032, the square sector of the candle box market shape category will increase.
- Lock Bottom Boxes segment of Product Type Category Candle Boxes Market is predicted to expand till 2032.
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A new candle box market research report lists McKenzieCrest Inc., ICM Custom Packaging, Craft Candles Manufacturer, BlueBox Packaging, ClipnBox, Elite Custom Boxes, Pak Factory, RSF Packaging as some of the former vendors.
The research offers a comprehensive analysis of the competition of these leading competitors in the Candle Boxes market, including Candle Boxes Market Growth, Candle Boxes Market Share, Candle Boxes Market Adoption Trends charts and important market strategies.
Recent Developments in the Candle Holders Market:
• March 2021 – Yorkshire-based Supplies for Candles LTD paid £2.5m for Glassprint Ltd. Glassprint Ltd was established in 2002 and specializes in printing on glass items such as candle glasses and perfume bottles.
• February 2021 – Yankee Candle®, the world’s largest home fragrance company, introduced its new Signature Collection. The new collection revitalizes Yankee Candle design with reimagined tumbler candles and hand-illustrated labels depicting each fragrance’s scent notes.
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By product type:
- Lock bottom box
- Crash Bottom Box
- Two-piece box
- Straight and Reverse Storage Box
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- Global Market Outlook
- Demand Side Trends
- Supply-side trends
- Analysis of the technology roadmap
- Analysis and recommendations
- Market overview
- Market Coverage / Taxonomy
- Market Definition / Scope / Limits
- Market Context
- Market dynamics
- Scenario forecast
- Demand in the optimistic scenario
- Demand in Likely Scenario
- Demand in the conservative scenario
- Opportunity Map Analysis
- Supply chain analysis
- Value chain analysis
- Profit Margin Analysis
- Wholesalers and distributors
- PESTLE and Porter’s analysis
- Market dynamics
- 2017-2021 Global Candle Box Market Analysis and Forecast, 2022-2032
- Historical Market Size (Million US$) and Volume (Units) Value Analysis, 2017-2021
- Current and Future Value Projections of Market Size (Million US$) and Volume (Units), 2022-2032
- Analysis of annual growth trends
- Analysis of opportunities in absolute dollars
- Global Candle Box Market Analysis 2017-2021 and Forecast 2022-2032, by Product Type
- Introduction / Main results
- Historical Market Size (USD Million) and Volume (Units) Value Analysis by Product Type, 2017-2021
- Current and Future Value Analysis and Forecast of Market Size (Million US$) and Volume (Units) by Product Type, 2022-2032
- Lock bottom box
- Crash Bottom Box
- Two-piece box
- Straight and reverse truck box
- Analysis of annual growth trends by product type, 2017-2021
- Absolute Dollar Opportunity Analysis by Product Type, 2022-2032
TOC Continued…! Get a detailed table of contents @ https://www.futuremarketinsights.com/toc/rep-gb-14921
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