Registering a CAGR of 6.2% over the forecast period, the market value of Printed Cartons is expected to reach US$ 490,713.7 million in the year 2027.
Printed cartons are small, light boxes or containers used for food and beverage packaging, healthcare products, household essentials, cosmetics, electronics, and so on. These cartons are made of a variety of materials, including paperboard, corrugated board, kraft board, liquid board, and so on. They are environmentally friendly and easily recycled. In the packaged food industry, printed cartons are widely used. The increasing demand for creative packaging mediums as a result of intense competition and brand awareness is a critical aspect of the rise in the market revenue of Printed Cartons, as will the growth in the packaging industry.
Cartons are regarded as one of the most important packaging options available to brand owners and product manufacturers. Manufacturers, on the other hand, develop innovative packaging demand to solution providers in order to capture target customer attention and maintain a competitive edge in the market. The need for customization in terms of overall packaging and required prints has increased as a result of this practice. Printed cartons are an example of a similar market development that has gained traction in terms of demand and overall manufacturer focus. Printed cartons provide a unique blend of packaging that combines the ability to withstand heavy loads with appealing print designs.
The packaging market appears to be poised for further expansion. The market is growing due to favorable demographics, rising income, increased consumer awareness, and demand for processed foods. These factors are compelling packaging suppliers and the end-user industry to shift away from bulk packaging and toward retail, unit-level, and small-sized packaging. Furthermore, the packaging market is expected to benefit from explosive organized retail growth and newly relaxed Foreign Direct Investment (FDI) norms in retail and other sectors.
The global Printed Cartons includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Amcor (AMCR: NYSE), Ariba & Company (Mumbai), D S Smith (SMDS: LON), Guangzhou Yifeng Printing & Packaging Company, Huhtamaki Group, Lithoflex, Refresco Group, SIG Combibloc (SIGN: SWX), Winston Packaging, Smurfit Kappa Group, WestRock Company and others.
Industry News and Updates:
Mondi safely packages QIAGEN’s SARS-CoV-2 test cartridge
2. June 2020-- Mondi, a global packaging and paper group, is committed to contributing to the supply of critical products during the COVID-19 outbreak and has recently developed packaging for QIAGEN's SARS-CoV-2 coronavirus test kit.
Elopak has announced a new tethered cap solution for its iconic Pure-Pak® cartons – the Pure-TwistFlip™.
01-06-2022-- Elopak's latest sustainability-focused innovation is the tethered cap. The closure remains attached to the carton throughout its lifetime, assisting in combating the serious problem of marine littering by ensuring that the cap is properly disposed of. It is also Elopak's lightest screw cap to date, assisting in the reduction of plastics.
The rapid growth of the e-commerce sector is one of the major factors driving the growth of the printed carton market. For greater convenience, most consumers around the world are shifting to e-commerce stores. As a result, demand for packaging solutions is skyrocketing. The major pharmaceutical companies prefer to outsource the task of packaging medicines because it is critical to keep the drugs safe for use. Furthermore, people prefer products with a good interface, and hygiene and safety are now the primary concerns. For additional packaging activities, food and beverage companies use a variety of third-party vendors. However, strict regulations and protocols regarding packaging's harmful environmental effects are expected to limit the market growth.
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
By 2027, the food and beverage industry will have surpassed USD 210 billion. The rapidly increasing population in Asia Pacific and the Middle East is a major contributor to the rapidly expanding food and beverage industry, which will have a positive impact on packaging material demand and, as a result, increase the printed cartons market share by 2027.
The Asia Pacific region is expected to maintain its dominance throughout the forecast period, accounting for more than a quarter of the global printed cartons market. Growth in the Asia Pacific is attributed to the region's food and beverage, cosmetics, and personal care industries. Within the Asia Pacific, India and China, like several other products, will continue to pique the interest of investors due to rising demand. North America, particularly the United States and Western Europe, will maintain its current growth rate of 3-5 %, owing largely to the retail sector and an improving trade balance.
The Printed Cartons Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Printed Cartons Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers Printed Cartons Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Printed Cartons Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Report Attributes | Report Details |
Report Title | Printed Cartons Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Amcor (AMCR: NYSE), D S Smith (SMDS: LON), SIG Combibloc (SIGN: SWX) |
Forecast Period 2022 to 2027 CAGR | CAGR of 6.2% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Amcor, Ariba & Company (Mumbai), D S Smith, Guangzhou Yifeng Printing & Packaging Company, Huhtamaki Group, Lithoflex, Refresco Group, SIG Combibloc, Winston Packaging, Smurfit Kappa Group, WestRock Company |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 110 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Printed Cartons Market is studied from 2017 - 2027.
What is the growth rate of the Printed Cartons Market?
The Printed Cartons Market is growing at a CAGR of 6.2% over the next 5 years.
Who are the key players in Printed Cartons Market?
Amcor, Ariba & Company (Mumbai), D S Smith, Guangzhou Yifeng Printing & Packaging Company, Huhtamaki Group, Lithoflex, Refresco Group, SIG Combibloc, Winston Packaging, Smurfit Kappa Group, WestRock Company
What regions does this Printed Cartons Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Printed Cartons Market?
Paperboard, Corrugated Board, Kraft Board, Coated Paper, Liquid Board, Others
What are the major end-use applications of Printed Cartons Market?
Food and Beverage, Homecare, Healthcare, Hardware and Electronics, Cosmetics and Personal Care, Others
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