Luton, Bedfordshire, UK, March 18, 2023 (GLOBE NEWSWIRE) – Exactitude Consultancy, the market research and advisory wing of Ameliorate Digital Consultancy Private Limited has completed and published the final version of its detailed research report on the Cardboard Market
Globalism cartoon market The volume is expected to grow at more than 5.2% CAGR from 2023 to 2029. It is expected to reach more than US$128.8 billion by 2029 from US$85.54 billion in 2022. Carton is a type of packaging usually made of Cardboard suitable for food, pharmaceutical, hardware and many other types of products. Collapsible cartons are usually combined into a tube at the manufacturer and shipped flat (rolled out) to the package.
Industry development:
- February 2021 – German rap star Capital Bra launched his iced tea brand BraTee in collaboration with UniBev GmbH. A variety of iced teas were packed in Pure-Pak cartons. The rap star ordered more than 6 million cartons before the product was launched.
- April 2021 – SIG has announced the construction of a new plant in Queretaro, Mexico. The company announced an investment of about $45 million in the new factory during the period from 2021-2023. The new factory will have a technologically advanced production capacity covering printing, cutting and finishing of carton packages.
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Cardboard market overview
The carton market refers to the industry that produces and sells various types of carton packaging materials. Cartons are made from paperboard or cardboard and are used to package a wide range of consumer goods, including food, beverages, medicines, personal care products, and household items.
The carton market is a fast-growing industry, driven by factors such as increasing demand for environmentally friendly packaging solutions, growth of e-commerce, and growing demand for convenience and portability in packaging. In addition, an increased focus on product safety and quality has led to the development of innovative and advanced carton packaging materials that offer enhanced protection and durability.
The market is segmented by material type, product type, and end-use industry. The main types of carton packaging materials include paperboard, corrugated cardboard and folding carton. Collapsible cartons are the most widely used type of carton packaging due to their versatility, cost-effectiveness, and convenience.
Cardboard market end-use industries include food, beverages, pharmaceuticals, personal care products, household items, and more. The food and beverage industry is the largest end-use sector, accounting for the majority of the demand for carton packaging. This is due to the increasing demand for prepared foods and prepared meals, as well as the growing popularity of environmentally friendly packaging solutions.
Overall, the carton market is expected to continue to grow at a steady pace, driven by the growing demand for sustainable packaging solutions, the growth of e-commerce, and the growing demand for convenience and portability in packaging.
| report attribute | details |
| Cardboard market size value in 2022 | 85.54 billion US dollars |
| Revenue forecast in 2029 | $128.8 billion |
| market growth rate | A compound annual growth rate of 5.2% from 2023 to 2029 |
| Base year for the estimate | 2022 |
| Historical data | 2018 – 2020 |
| forecast period | 2023 – 2029 |
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Companies covered in the Carton Market report:
- Huhtamaki group
- Amcor Ltd
- Tetra Pak Company
- International Paper Company
- Constantia Flexibles Group GMBH
- Silair Corporation.
Benefits report
- Develop business strategies by understanding the trends shaping and driving the market.
- Increase revenue by understanding the key trends, innovative products and technologies, market segments and companies that are likely to influence the cardboard market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and analyzing the company’s share of the carton market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counter strategies to gain competitive advantage.
- Track sales in the global and country-specific market.
- Organize your sales and marketing efforts by identifying the market categories and segments that offer the most opportunities for consolidation, investments, and strategic partnerships.
Browse the full Premium Report | Carton market analysis with strategic developments
https://exactitudeconsultancy.com/reports/2774/carton-market/#report-outlook
The cardboard market is witnessing a significant development in the industry, driven by various trends and innovations. Some notable industrial developments include:
- Introducing advanced carton packaging materials: Manufacturers are constantly developing new and innovative carton packaging materials that offer improved protection, durability and sustainability. For example, some new materials are designed to be moisture resistant, while others are made using biodegradable or compostable materials.
- Increased focus on customization: With market competition increasing, many manufacturers are offering customizable carton packaging solutions that can be tailored to meet the specific needs of individual businesses. This personalization may include unique shapes, sizes, and designs that help products stand out on store shelves and in e-commerce channels.
- Increasing adoption of digital printing: The use of digital printing technology in carton packaging is becoming increasingly popular. This allows manufacturers to produce high-quality, custom-made packaging on demand, which reduces waste and improves efficiency.
- Expanding global reach: The carton market is expanding rapidly in emerging economies, where there is a growing demand for packaged goods. Many manufacturers are investing in new facilities in these regions to meet the growing demand.
- Increased focus on sustainability: With consumers becoming more aware of the environment, there is a growing demand for sustainable packaging solutions. Many manufacturers are responding by developing environmentally friendly carton packaging materials and investing in sustainable production practices.
Overall, these industry developments are driving growth and innovation in the cardboard market, allowing manufacturers to meet the evolving needs of businesses and consumers around the world.
Cardboard Market Segmentation:
| By products | Depending on the end use | By region |
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Frequently asked questions about this report
- What is the size of the cardboard market?
- What is the growth of the Cardboard Market?
- Which segment accounts for the largest share in the cardboard market?
- Who are the major players in the Cardboard Market?
- What are the factors driving the Cardboard Market?
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beverage packaging market By packaging type (bottle, can, bag, carton), material type (glass, plastic, metal, paper and paperboard), product type (alcoholic beverages, non-alcoholic beverages, dairy beverages), and region (North America, Europe, Asia Pacific Pacific, South America, Middle East and Africa), global trends and forecasts from 2023 to 2029
food packaging market By Type of Plastic Films (Polyethylene, Polypropylene, Polyethylene Terephthalate) and Application (Food, Medical and Pharmaceutical, Consumer Products, Industrial and Others) and by Region, Global Trends and Forecasts from 2023 to 2029
flexible packaging market By material (polyethylene, polypropylene, polyamine, PVC, polystyrene) type (stand up bags, flat bags, roll stock) application (food and beverage, healthcare, personal care) and by region (North America, Europe, Asia Pacific , South America, Middle East and Africa) global trends and forecasts from 2023 to 2029
corrugated packaging market By product type (single wall panel, single face panel, double wall panel, triple wall panel), packaging type (box (slotted box, folder box, telescope box, die-cutting box), crates, trays, octabins, pallet), End-use (food and beverages, electrical and electronics, home care products, personal care products, e-commerce, transportation and logistics, healthcare, etc.) and region (North America, Europe, Asia Pacific, South America, Middle East, and Africa), Global trends and forecasts from 2023 to 2029
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