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The Printed Carton Market is estimated to grow at a CAGR of 2.43% between 2022 and 2027. The market size is forecasted to increase by USD 23.99 billion. The growth of the market depends on several factors, including the growing concerns about carbon emissions leading to food waste management, the conversion of food waste into bio-based products and organic fertilizers, and the increasing implementation of regulations and favorable policies.
This printed carton market report extensively covers market segmentation by end-user (food and beverage, personal care and household, healthcare, and others), product (corrugated carton and folding carton), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The growing concerns about carbon emissions leading to food waste management are notably driving the printed cartons market growth, although factors such as increasing risks of fire accidents may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing concerns about carbon emissions leading to food waste management are notably driving Printed Cartons Market growth. Organized retail refers to the chain of retail stores that are entirely owned or franchised and managed by a single large corporate entity. The organized retail sector holds a dominant share of the overall retail sales in countries such as the US, the UK, and Canada. A key component of organized retail is packaged products.
The US currently leads the global organized retail sector, with extremely diversified retail chains such as Walmart Inc., Costco Wholesale Corporation, Kroger Co., Home Depot Product Authority, LLC, Target Brands, Inc., and Amazon.com. However, many of these companies have begun expanding their operations to developing countries in Asia, the Middle East, and South America. Therefore, the growth of the organized retail sector in various developing countries such as India, China, and Malaysia is expected to become a major driver for the growth of the global printed carton market during the forecast period.
Packaging companies are focused on developing products with a low carbon footprint, high energy efficiency, and good resistance to chemicals such as solvents and detergents. As the packaging market focuses on sustainability and eco-friendly products, the use of eco-friendly inks and new printing techniques is increasing.
Various governments such as the UK, Germany, and the US have environmental regulations and policies that specifically address ink content. Environmental concerns over sustainability in developed countries such as the United States, France, and Canada are prompting regulators to update standards in the ink industry.
Increasing risks of fire accidents is expected to hamper the market's growth. To produce and market printed cartons, manufacturers are required to adhere to a number of strict regulations. For instance, the products used in packaging operations must adhere to the following laws and specifications:
To test, produce, and market printed cartons, businesses must adhere to the laws and safety regulations set forth by various government agencies. It takes a lot of time, effort, and money to complete the testing and approval process. Failure to adhere to these applicable regulatory requirements may result in the loss of approval, the revocation of necessary licenses or registrations, administrative enforcement actions, civil and criminal liability, regulatory or governmental investigations, and restrictions on the ability to continue operating.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Printed Carton Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
All Packaging Co.:The company offers printed carton solutions with IntriCut laser cutting and creasing.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the food and beverage segment will be significant during the forecast period. Over the forecast period, it is anticipated that the food and beverage segment will hold the largest global printed carton market share. Global demand for printed cartons is being driven by the increase in sales of packaged food and beverages.
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The food and beverage segment was valued at USD 98.28 billion in 2017 and continued to grow until 2021. The packaged food and beverage industry is expanding as a result of people's changing eating and lifestyle habits. To entice consumers and minimize damages during transportation, packaged food manufacturers are implementing rigid packaging solutions, which in turn helps fuel the demand for printed cartons by the food and beverage industry.
As secondary packaging, printed cartons are used to package a variety of food and beverage items, including cereals, dry goods, frozen goods, candies and confections, dairy products, chilled meat, wine, juices, beer, carbonated soft drinks, non-carbonated specialty drinks, and others. For instance, producers of hot and ready-to-eat cereals, crackers, cookies, baking and cake mixes, pasta, and cookies opt for printed cartons as packaging to safeguard their goods as they travel through the supply chain and are placed on store shelves. Additionally, manufacturers use aesthetically pleasing packaging to appeal to consumers because seasonal and impulsive shopping have a significant impact on goods like candies and confectionery items. Digital printing technology is becoming more and more in demand as a result. For the food and beverage industry, a number of vendors are concentrating on providing printed cartons made of recycled paper. For instance, Graphic Packaging International introduced PaperSeal trays in February 2020 as a replacement for plastic trays that offer brands and retailers a paperboard option. During the forecast period, these factors are probably going to contribute to the food and beverage sector's expansion in the global printed carton market.
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APAC is estimated to contribute 30% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. During the forecast period, APAC is anticipated to hold the largest market share for printed cartons worldwide. APAC's market growth is facilitated by China's position as one of the region's top consumers of printed cartons. During the forecast period, it is anticipated that the food industry will be the main source of demand for printed carton packaging. Increased consumption of goods like food, personal care products, and other consumer goods is a result of the population growth in many APAC nations. This opens up a ton of investment opportunities in the packaging sector, which will fuel the expansion of the printed carton market in the area.
There is a high demand in the retail sector for printed cartons with appealing product designs because packaging contributes to the success of promotional campaigns through aesthetic appeal. The market for printed cartons in the region is also expanding thanks to the booming e-commerce sector, particularly the business-to-business (B2B) and business-to-customer (B2C) segments. The e-commerce industry places a lot of emphasis on packaging because the products are vulnerable to damage while being transported.
This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. In 2020, the APAC printed carton market faced some difficulties as the COVID-19 outbreak adversely affected many nations in the region, including China, India, South Korea, and Japan. The outbreak had an impact on the overall regional economy as well as the industrial, commercial, and other sectors as well as the supply chain. Many nations declared a state of emergency in order to stop the disease from spreading within the community, which led to the temporary closure of the food and beverage sector as well as other end users. The above end-users' temporary closure reduced the demand for printed cartons. Due to this, the potential market growth in the area is anticipated to be constrained during the forecast period. However, the easing of lockdowns and widespread vaccination campaigns in various APAC nations as well as the focus on other businesses starting up again in end-user industries, like food processing, starting in Q3 2021, led to the gradual growth of the regionally printed cartons. This will further fuel market expansion over the course of the projection period.
The printed carton market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global printed carton market as a part of the global paper packaging market. Paper packaging is an effective and low-cost method to protect, preserve, and transport a wide range of goods. Key attributes of paper packaging include lightweight, biodegradability, and recyclability. Paper packaging products comprise categories such as packaging boards, printed cartons, and other packaging papers. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
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Printed Carton Market Scope |
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Report Coverage |
Details |
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Page number |
171 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 2.43% |
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Market growth 2023-2027 |
USD 23.99 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
2.07 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 30% |
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Key countries |
US, China, India, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
All Packaging Co., Amcor Plc, Ariba and Co., DS Smith Plc, Guangzhou Yifeng Printing and Packaging Co. Ltd., Huhtamaki Oyj, International Paper Co., Lithoflex Inc., Mondi plc, Nippon Paper Industries Co. Ltd., Pactiv Evergreen Inc., Quad Graphics Inc., Refresco Group BV, Rengo Co. Ltd., Seaboard Folding Box Co. Inc., SIG Group AG, Smurfit Kappa Group, Tetra Laval S.A., WestRock Co., and Winston Packaging |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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