Printed Carton Market

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26 Jul, 2023, 04:30 ET

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NEW YORK, July 26, 2023 /PRNewswire/ -- The printed carton market is expected to grow by USD 23.99 billion from 2022 to 2027, progressing at a CAGR of 2.43% as per the latest Technavio market research report. APAC is going to have lucrative growth during the forecast period. About 30% of the market's overall growth is expected to originate from APAC. China is one of the region's top consumers of printed cartons. The rising population in many APAC nations is leading to increased consumption of goods like food, personal care products, and other consumer goods. As a result, it has opened a ton of investment opportunities in the packaging sector. Hence, these factors are expected to drive market growth in the region during the forecast period. For more insights on the market share of various regions- Download a sample report in MINUTES

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Printed Carton Market: Market Dynamics

Key Drivers

The growing concerns about carbon emissions leading to food waste management are key factors driving market growth. The chain of retail stores managed by a franchise, is known as organized retail. Packaged products are one of the key components of organized retail. Amazon.com, Alibaba Group, Walmart, and Otto are some of the major e-retail companies. Furthermore., many of these companies have started their expansion in developing countries to attract more customer base. Hence, these factors are expected to drive market growth during the forecast period.

Major Trends

The rising number of startups is a major trend in the market. Many packaging companies are focusing on engineering products that provide a low carbon footprint, greater energy efficiency, and better resistance to chemicals, such as cleaners and solvents. Furthermore, the use of eco-friendly inks and new printing techniques is increasing because the packaging market is focusing on sustainability and eco-friendly products. Many new companies are entering the market to increase make profits from the growing demand for eco-friendly products. Hence, the rising number of startups is expected to drive market growth during the forecast period.

Significant Challenges

Increasing risks of fire accidents is a significant challenge restricting market growth. The regulations and safety standards established by various government bodies should be followed by manufacturing companies. For example, Good Manufacturing Practice (GMP) has established programs to ensure that food contact materials and products comply with applicable regulations. Various precautions should be taken in the manufacturing units to avoid any fire accidents. Failure to comply with these regulatory requirements may result in the cancellation of licenses or registrations, administrative enforcement actions, and loss of approved status. Hence, these accidents are expected to restrict market growth during the forecast period.

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Some of the key Printed Carton Market Players:

The printed carton market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

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

Printed Carton Market: Segmentation Analysis

The market is segmented 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).

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Vendor Landscape

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The e-commerce packaging market is estimated to grow at a CAGR of 20.68% between 2022 and 2027. The size of the market is forecast to increase by USD 53,098.79 million. Furthermore, this report extensively covers market segmentation by type (corrugated packaging, protective packaging, and polybags), application (food and beverage, consumer electronics, personal care and cosmetics, and fashion and apparel), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The growth of the e-commerce sector is one of the key factors driving market growth during the forecast period.

The flexible packaging market is estimated to grow at a CAGR of 4.82% between 2022 and 2027. The size of the market is forecast to increase by USD 54.42 billion. report extensively covers market segmentation by product (pouches, bags, films and wraps, and others), type (food and beverage, healthcare, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). The rising focus on improving the shelf life of products is one of the key factors driving market growth during the forecast period.

Printed Carton Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 2.43%

Market growth 2023-2027

USD 23.99 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

2.07

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 30%

Key countries

US, China, India, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

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

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, and Market condition analysis for the forecast period.

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.

Table of Contents

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

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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Contacts

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SOURCE Technavio