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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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
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