|09-17-2018 10:27 AM CET - Business, Economy, Finances, Banking & Insurance||
Half Slotted Carton Market Prophesied to Grow at a Faster Pace by 2028
Press release from: Transparency Market Research
PR Agency: Transparency Market Research
Over the years, the mounting consumer inclination towards convenient, light-weight product packaging solutions has forced the packaging industry to set forth well-structured paper & paperboard packaging solutions with a goal to tap the retail industry. Among these packaging types, regular slotted containers (RSC) made from sheets of corrugated cardboard are the most promising packaging type and are increasingly used in the secondary packaging of goods across a varied range of industries.
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The half slotted carton / box / container is a largely preferred variant of regular slotted containers (RSC), owing to the growing need of removing or repeatedly replacing the one-side flap cover in order to display the final product. Half slotted cartons are usually customized as per the client requirements and are delivered with lidding films as the top cover. Such half-slotted cartons are largely been used for shelf packaging as well as the shipping/transportation of package goods and other applications.
In line with key developments in the packaging / converting industries, the market for corrugated packaging has seeing remarkable growth. Growing demand for sustainable packaging from fresh foods and beverages, home & personal care goods and consumer goods, coupled with the remarkable progress of the e-commerce industry, is accelerating the market growth of half slotted cartons across the world.
Some key players that currently operate in the half slotted carton market across the globe are Packaging Corporation of America., Dunapack Packaging Mosburger GmbH., International Paper Co., WestRock Company, Smurfit Kappa Group Plc., Pratt Industries Inc., Packsize International LLC., Dallas Container Corporation, Georgia-Pacific LLC., Peek Packaging, B&B Box Company and many more.
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Key developments & Trends
Established market players that currently manufacture regular as well as half slotted cartons are out to acquire or collaborate with local/regional players in order to expand their market presence and gain significant market shares.
In 2015, the company announced the purchase of the sheet manufacturing operations of Cano Container Corporation (also a manufacturer of half slotted carton) in Aurora, Illinois
During March 2016, DS Smith acquired the U.K.-based TRM Packaging Ltd, a manufacturer / supplier of printed packaging products for food, drink, and FMCG markets
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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