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The printed carton market size is forecast to increase by USD 21.5 billion at a CAGR of 2.15% between 2023 and 2028.
The printed carton industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The food and beverage segment is estimated to witness significant growth during the forecast period.
The market is primarily driven by the food and beverage industry, which accounts for the largest market share. The increasing consumption of packaged food and beverages, including soups, cosmetics, electronics, spices, beverages, dairy products, and pharmaceuticals, is fueling the demand for printed cartons. Rigidity, moisture resistance, and shock resistance are essential features that make printed cartons an ideal choice for packaging these products. Printed cartons are used for various applications such as cereals, dry food, frozen food, candies and confectionery items, dairy products, refrigerated meat, wine, juices, beer, carbonated soft drinks, non-carbonated specialty beverages, and household essentials.
The changing consumer lifestyles and dietary preferences are leading to a rise in the demand for convenience and sustainability in packaging. Manufacturers are adopting advanced printing technologies like lithography, Flexography, and digital printing to enhance the identification and branding of their products. Sustainability is a crucial factor in the printing carton industry, with a focus on minimizing wastes and using recycled materials. The overall processed food industry's population base and natural supply of raw materials also contribute to the market's growth. Despite the environmental benefits of recyclable packaging, disposal methods, such as landfill activities, remain a concern for the industry.
The initial investments and operational costs associated with setting up printing facilities and the availability of alternative packaging solutions like plastic and glass containers are other challenges. However, the aseptic value and overall cost-effectiveness of printed cartons make them a preferred choice for many industries.
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The Food and beverage segment was valued at USD 100.70 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 43% 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.
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The market is driven by the increasing demand for efficient, shock-resistant, and moisture-resistant packaging solutions across various industries. Cosmetics, electronics, pharmaceuticals, homecare, and food sectors are significant contributors to the market's growth. APAC is expected to dominate the market due to its large population base and rising consumption of packaged foods, personal care products, and electronics. China, as a leading consumer in APAC, significantly influences market growth. The food industry, particularly in APAC, is a major consumer of printed cartons due to the increasing urbanization and changing consumer lifestyles. For instance, India's population grew from 1.353 billion in 2018 to 1.42 billion in 2022, leading to increased demand for various consumer goods.
Sustainability and minimizing wastes are key trends in the market, with an emphasis on recyclable packaging made from raw materials like kraft board, coated paper, and containerboard. Printing technologies like lithography, flexography, and digital printing are utilized to create branding and identification on these substrates. Initial investments in setting up printing facilities and operational costs are factors influencing product cost. The disposal method of printed cartons, either through landfill activities or combustion, is a concern for environmental sustainability.
Our researchers analyzed the data with 2023 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 printed carton market forecasting 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 printed carton market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, printed carton market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
All Packaging Co. - The company specializes in innovative printed carton solutions, utilizing IntriCut laser cutting and creasing technology for precision and efficiency. This advanced method ensures optimal product protection and enhanced branding capabilities. IntriCut's laser technology delivers precise cuts and creases, resulting in high-quality cartons that meet the industry's stringent standards. By combining technology and expertise, we provide our clients with superior carton solutions that exceed expectations.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses a diverse range of industries, including cosmetics, electronics, food and beverages, pharmaceuticals, homecare, and personal care. The demand for cartons in these sectors is driven by various factors, such as the need for efficiency, shock resistance, and moisture resistance. Efficiency is a key consideration in the production and use of cartons. The ability to produce cartons quickly and cost-effectively is essential for businesses looking to minimize setup costs and maximize productivity. Lithography and flexography are common printing technologies used to produce high-quality cartons in large quantities. Sustainability is another important factor in the market. With increasing concerns over the environmental impact of packaging waste, there is a growing demand for recyclable and environmentally-friendly cartons.
Recycled materials, such as paperboard and kraft board, are popular choices due to their reduced carbon footprint and minimal disposal method. The electronics industry is a significant consumer of cartons, particularly for the packaging of sensitive components. Shock resistance and rigidity are crucial requirements for these applications, as the cartons must protect the electronics from damage during transportation and handling. The food and beverage sector also relies heavily on cartons for the packaging of various products, from soups and spices to dairy products and beverages. The use of aseptic value cartons has gained popularity in this industry due to their ability to maintain product freshness and extend shelf life.
The pharmaceutical and healthcare sectors also utilize cartons for the packaging of their products. Identification and branding are essential considerations in this industry, as the cartons must clearly convey important product information and maintain the required regulatory standards. The rise of disposable income and changing consumer lifestyles have led to an increase in demand for convenience products, such as ready-made meals and household essentials. This trend has resulted in a corresponding increase in the demand for cartons in the homecare and personal care sectors. The use of raw materials, such as liquid board and coated paper, plays a significant role in the production of cartons.
Initial investments in printing facilities and substrates can be substantial, but the long-term benefits, including cost savings and improved product availability, make it a worthwhile investment for businesses. The overall processed food market is a significant consumer of cartons, as the packaging helps maintain the tangibility and freshness of the products. The population base and natural supply of raw materials are important factors in the production and demand for cartons in this sector. Minimizing wastes and reducing the environmental impact of packaging is a priority for many businesses. Changing dietary trends and consumer preferences are driving the demand for cartons that are minimally processed and free from toxic waste.
In , the market is a dynamic and diverse industry that caters to various sectors, including cosmetics, electronics, food and beverages, pharmaceuticals, homecare, and personal care. The demand for cartons is driven by factors such as efficiency, sustainability, and consumer preferences. The use of advanced printing technologies and recycled materials is essential for businesses looking to minimize costs and reduce their environmental impact. The future of the market looks promising, with a focus on innovation, sustainability, and meeting the evolving needs of consumers.
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Market Scope |
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Report Coverage |
Details |
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Page number |
175 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 2.15% |
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Market growth 2024-2028 |
USD 21.5 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
2.03 |
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Key countries |
US, China, Germany, India, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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 Opportunity/Restraints
11 Competitive Landscape
12 Competitive 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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