At 5.3% CAGR, Printed Packaging Cartons Market to hit $188bn by 2024

Dec 12, 2018

Printed packaging cartons market is driven by positive growth indicators in the cosmetics & personal care industry primarily in Asia Pacific along with rapidly evolving consumer spending power primarily in India, China, Japan and Indonesia.

Selbyville, United States - December 12, 2018 /MarketersMedia/ —

The qualitative research study conducted by Global Market Insights, Inc. for printed cartons market provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the printed packaging cartons industry.

Printed Cartons Market size is poised to exceed USD 188 billion by 2024. The popularity of digital printing technologies in packaging has soared tremendously in recent years, on the grounds of which printed carton market giants have been vigorously adopting time-tested tactics such as joint ventures and long-term partnerships.

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Bio-degradable printed cartons market size is likely to grow close to CAGR of 5.5% by 2024. The market growth will be mainly attributed to the fact that they can be completely broken down by the action of microbes and can help reduce the amount of waste to subsequently achieve environment sustainability. Rising concerns against pollutants in the environment has led to formulation of stringent laws to take initiative against reducing waste, which will have optimistic influence on the bio-degradable printed cartons market size by 2024.

Cosmetics & personal care industry for printed cartons market size will experience growth close to 4.5% CAGR by 2024. It is extensively used in cosmetics & personal care segment in various forms including paper & paperboard packaging to deliver excellent packaging which not only provides cushioning to personal care items but also helps to improve the overall brand image through attractive printing and labels on the cartons.

Corrugated board accounted for the largest share of the business in 2016. The product is majorly used for packaging fragile or easily breakable material as it offers excellent shock resistance and safety against moisture. They are primarily utilized in hardware & electronics industry owing to presence of edges & depressions which enhances overall stiffness of the carton. These cartons are projected to grow at a healthy CAGR due to its lucrative and customizable features which will help achieve promising gains to the overall printed cartons market size by 2024.

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Positive growth indicators in the cosmetics & personal care industry primarily in Asia Pacific will make substantial contribution to the printed cartons market size by 2024. Rapidly evolving consumer spending power primarily in India, China, Japan and Indonesia along with consistently evolving packaging standards will subsequently have a positive impact on the printed cartons market size during the forecast period.

Mounting consumer demand in the hardware & electronics industry chiefly in North America is likely to help attain significant gains to the printed cartons market size over the projected timeframe. This is credited to large investment to the research & development of the aforementioned industry owing to rapidly changing consumer’s preferences for technically advanced gadgets & equipment. Furthermore, fierce competitive forces among key players to standout from existing counterparts in the industry has resulted in growing adoption for striking packaging procedures which is anticipated to make noteworthy contribution to the printed cartons market size by 2024.

High prices of the recently developed digital printing methods compared to traditional printing techniques is anticipated to hinder the printed cartons market size in the coming years. However, mounting printed cartons demand across various industries, for instance, hardware & electronics, cosmetics, homecare, food & beverage, healthcare, homecare, etc. will create abundant opportunities for the printed cartons market size by 2024.

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Asia Pacific printed cartons market size was valued close to USD 40 billion in 2016. Substantial industry share along with decent growth rate by 2024 will be credited to China and India owing to rapid population pace and socioeconomic factors which will help propel several end-user industries including food & beverage, electronics, healthcare, homecare, cosmetics & personal care, etc. which will make noteworthy contribution to printed cartons use in the region.

Key industry share contributors of printed cartons are Amcor, WestRock, Lithoflex, Tetra Pak International, Refresco, Winston Packaging, Glossop Cartons, Evergreen Packaging and All Packaging Company.

Printed cartons market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:

Printed cartons market by material
o Paper board
o Corrugated board
o Kraft board
o Coated paper
o Liquid board

Printed cartons market by feature
o Disposable
o Bio-degradable
o Recyclable

Printed cartons market by end-user
o Food & beverage
o Hardware & electronics
o Homecare
o Healthcare
o Cosmetics & personal care
o Others

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Phone: 18886890688
Website: https://www.gminsights.com/industry-analysis/printed-cartons-market

Source URL: https://marketersmedia.com/at-53-cagr-printed-packaging-cartons-market-to-hit-188bn-by-2024/457758

Source: MarketersMedia

Release ID: 457758

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