Printed Carton Market Analysis
A printed carton is a type of box or container that is usually made of wood paper and sometimes of fiberboard. It is a product offered by various third-party organizations to provide packaging solutions to manufacturing companies. Most of the manufacturers prefer outsourcing their packaging activities to minimize the usage of manpower and the overhead cost associated with packaging. Few companies also opt for contract packaging services due to lack of infrastructure and proficiency. Printed cartons help manufacturers to focus on branding of their product and enhance the safety of the product. The major industries where printed carton is mostly used are food & beverage, pharmaceutical, personal care, and others.
COVID-19 Scenario Analysis:
The outbreak of the COVID-19 pandemic has impacted the global printed carton market to a great extent.
- As a result of the nationwide lockdown imposed by the governments of different countries to contain the virus, consumers across the globe are depending mostly on e-commerce to obtain the necessary supplies instead of physically going to the stores and supermarkets. As a result, the printed carton industry is experiencing rapid growth in the e-commerce sector.
- The packaging industry, like all other sectors, is also affected by the disruption of supply chain caused by the outbreak of the global pandemic. This has made trends like “China Plus One” in the U.S. more prominent as companies are trying to reduce their dependency on any single country.
- Carton is the one of the basic necessities for human being, during and after the lockdown safety is the main concern and printed carton is one of those products, which provides safety and hygiene to any product. People are more concerned about hygiene; as a result, COVID-19 has a positive impact on the printed carton industry.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
One of the major factors which is responsible for driving the growth of the printed carton market is the rapid growth of the e-commerce sector. Most of the consumers across the globe are shifting toward e-commerce stores for better convenience. As a result, the demand for packaging solutions is at a steep rise. The major pharmaceutical companies prefer to outsource the job for packaging the medicines as it is an important aspect in keeping the drugs safe for usage. Moreover, people also prefer products with good interface and now a days, hygiene and safety are the main concern. The food & beverage companies also employ various third-party vendors for further packaging activities. However, the strict regulations and protocols regarding harmful environmental effects of packaging are expected to limit the market growth
In terms of market share, North America holds a significant share of the global printed carton packaging market due to heavy demand in the pharmaceutical and food & beverage industries in the region. The market in the Asia-Pacific region is also expected to witness lucrative growth owing to the rise in popularity of e-commerce in the emerging economies such as India and China.
Key Benefits of the Report:
- This study presents the analytical depiction of the global printed carton industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global printed carton market share.
- The current market is quantitatively analyzed to highlight the global printed carton market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global printed carton packaging market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Printed Carton Market Research Report:
- Who are the leading market players active in the printed carton market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
Printed Carton Market, by Type Report Highlights
| Aspects | Details |
 By Type |
|
 By Printing Technology |
|
 By Printing Ink |
|
 By Application |
|
 Key Market Players | Amcor Limited (Australia), Constantia flexibles (Austria), Duncan Printing Group (UK), Toppan Printing Company (Japan), WS Packaging Group (US), Sonoco Products Company (US), Quad/Graphics (US), Mondi plc (Austria), Quantum Print Packaging Limited (UK), Graphics Packaging Holding Company (US) |
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