$188bn Opportunity by 2024 in the Printed Cartons Market: Global Key Vendors - Amcor, WestRock, Tetra Pak International Evergreen Packaging and All Packaging Company.

Global Market Insights, Inc. has released a new research study on Printed Cartons Market Analysis 2019-2024 inclusive of one or more factors covering regional opportunities, application landscape, product demand trends, and end-use portfolio of the industry over the forecast timeframe.

Report by Global Market Insights, Inc. Printed Cartons Market size is poised to exceed USD 188 billion by 2024; according to a new research. Food & beverage led the overall printed carton market as its biggest end-user in 2016. Printed cartons in food & beverages industry are essential on account of its usage in storage and handling of food & dairy products such as bakery food, frozen food, milk, yoghurt and all kinds of beverages. Printed cartons market for food & beverage is likely to witness maximum gains in the forecast timeframe as consumers are willing to spend on packaged food and beverages.

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Growth drivers are
1. Strong growth in food & beverage industry in Asia Pacific
2. Escalating hardware & electronics industry in North America
3. Strong product demand in personal care industry in Asia Pacific

Recyclable printed cartons held major share of global printed cartons market in 2016 and shall register a growth rate nearly 5.5% for the forecast period. The segment shall experience boost in sales over next few years due to governments supporting plastic ban and encouraging manufacturers and consumers to use recyclable packaging alternatives.

Printed cartons are extensively used in cosmetics and pharmaceutical products industry as it not only enhances brand value and provides cushioning to fragile products as well. The robust growth in personal care and cosmetics industry in Latin America and Asia Pacific shall play a vital role in fueling product demand in the coming years. New digital printing systems and practices have resulted in price rise for printed cartons, which may pose a threat to printed carton market growth in the forecast timespan.

In 2016, corrugated board segment of printed cartons market accounted for the largest industry share in terms of value and volume. The series of parallel grooves and ridges in corrugated boards act as strength and durability pillars for the packaging material. Furthermore, cost-competitiveness and customizable features makes it highly desirable across all end-user segments.

Healthcare industry also has substantial growth prospects for printed cartons market as paper & paperboard cartons are actively used in medical drugs packaging. This segment shall grow at a CAGR of over 5% in the coming years.

Asia Pacific for printed cartons market is likely to witness gains close to 6% over the forecast duration. Increasing food & beverage, cosmetics and electronics market due to amplified consumer spending coupled with changing lifestyle preferences, is likely to fuel product demand in the coming years in this region. Latin America is another important region which shall witness prominent gains due to developing electronics and food & beverage industry, particularly in Brazil and Mexico.

Partial Chapter of the Table of Content:

Chapter 3. Printed Cartons Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.4. Industry impact forces
3.4.1. Growth drivers
3.4.1.1. Strong growth in food & beverage industry in Asia Pacific
3.4.1.2. Escalating hardware & electronics industry in North America
3.4.1.3. Strong product demand in personal care industry in Asia Pacific
3.4.2. Industry pitfalls & challenges
3.4.2.1. Rising product prices due to expensive printing techniques
3.5. Growth potential analysis
3.6. Regulatory trends
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Porter’s analysis
3.8. Company market share analysis, 2016
3.8.1. Strategy dashboard
3.9. PESTEL analysis
3.10. Regional price trends
3.10.1. Cost structure analysis
3.10.2. Raw material trends

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The printed cartons market is vast, scattered and highly competitive at each level. Major players operating in printed cartons industry are Tetra Pak International, Amcor, All Packaging Company, Lithoflex, Glossop Cartons and Parksons Packaging Limited. Other prominent players include TCPL Packaging Limited, Gulf Carton Factory Company, LGR Packaging and Orora Packaging Australia Pty Limited.

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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.

This release was published on openPR.