The global compact disc market has witnessed a steady decline in the last decade. However, it would be too early to term compact discs ‘obsolete’. Several companies use compact discs as a means to communicate media to target buyers, by placing them in places with high foot traffic, such as pharmacies, retail stores and supermarkets, among others. This is one of the key factors expected to generate demand for disc packaging wallets, over the forecast period. The global disc packaging wallets market is expected to have more penetration in regions with least internet access. According to a survey by International Telecommunications Union in 2016, nearly 47% of the world population had internet access. Of these, internet enjoyed more than 80% penetration in the developed countries, while the figure was half, in developing regions. Therefore, the developing countries are expected to be at the epicenter of marketing strategies for compact disc manufacturers and disc packaging wallets manufacturers. The global disc packaging wallets market is also expected to be driven by demand for music albums worldwide.
Global Disc Packaging Wallets Market: Overview
Disc packaging wallets are compact disc protection solutions. Compact discs being extremely delicate, require protection from water, chemicals, tear, and other varieties of physical damage. Disc packaging wallets are packaging solutions that can contain more than one compact discs. Disc packaging wallets enjoyed wide usage about until a decade ago, after which, a decline was witnessed. This was due to the rise of alternative storage devices such as external hard drives, which could store more than what is achievable with the help of a compact disc. Despite that, a significant amount of today’s population use compact discs. The packaging industry has undergone rapid transformation in the last decade, with consumer preference inclining more towards convenient packaging solutions. Disc packaging wallets manufacturers emphasize on features such as compatibility with full color printing, to create a vibrant look. Also, competition among manufacturers have led them to prefer raw materials with special features, such as anti-static properties.
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Global Disc Packaging Wallets Market: Segmentation
The global disc packaging wallets segment has been segmented as follows –
On the basis of product type, the global disc packaging wallets market has been segmented into –
- 4 panel wallet
- 6 panel wallet
- 8 panel wallet
- > 8 panels
On the basis of opening style, the global disc packaging wallets market has been segmented into –
- Horizontal slot
- Oblong (Thumb cut)
- Long curve (Crescent cut)
On the basis on material type, the global disc packaging wallets market has been segmented into –
- Recycled board
Global Disc Packaging Wallets Market: Key Players
Some of the key players operating in the global disc packaging wallets market are – Oasis Disc Manufacturing, Disc Makers, and Wewow UK, among others.