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Brick Carton Packaging Market Is Anticipated To Surpass USD 16.4 Billion By 2032, Fact.MR

06-15-2024 07:04 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Brick Carton Packaging Market Is Anticipated To Surpass USD 16.4

The global brick carton packaging market was valued at USD 10.5 billion in 2022 and is projected to exceed USD 16.4 billion by 2032, with a compound annual growth rate (CAGR) of 4.5% from 2022 to 2032.

In 2022, the global brick carton packaging market represents approximately 2% of the entire packaging industry. It is anticipated to offer an absolute dollar opportunity of USD 5.9 billion throughout the forecast period of 2022-2032.

The increasing demand for compact and stackable brick cartons, along with flexible packaging solutions across various industries such as food and beverages (especially dairy beverages) and pharmaceuticals, is driving the market growth. This trend is expected to result in a gain of 310 basis points (BPS) during the forecast period from 2022 to 2032.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.factmr.com/connectus/sample?flag=S&rep_id=1896

Brick carton packaging materials, which include paperboard, aluminium, and low-density polyethylene, offer a variety of sizes with or without closures. These packaging options provide numerous advantages, such as storage convenience, extended shelf life, and superior functionality compared to other packaging solutions. These benefits are anticipated to expand the market by approximately 40%.

Manufacturers are introducing innovative products to attract a broader consumer base and expand their geographical reach. For example, they have developed unique print technology that is both cost-effective and offers design flexibility. This innovation is expected to increase their profits by 25% in the coming years.

Key Companies Profiled in This Report
โ€ข Tetra Pak International SA
โ€ข Refresco Gerber B.V.
โ€ข Lami Packaging (Kunshan) Co. Ltd.
โ€ข Nippon Paper Industries Co. Ltd.
โ€ข Nampak Limited
โ€ข SIG Combibloc Obeikan Company Limited
โ€ข Mondi Limited
โ€ข Polyoak Packaging Group (Pty) Ltd.
โ€ข Amcor Limited
โ€ข Elopak S.A

Benefits Driving the Adoption of Smart Brick Carton Packaging

Innovations in the packaging industry consistently focus on lowering transportation and direct product costs. Currently, lightweight cartons facilitate easier transportation, resulting in significant savings during distribution. This advantage is a major reason why brick cartons, particularly those made from paperboard, hold nearly one-fourth of the market share.

Smart brick carton packaging, known for its stackable and compact design, offers multiple benefits. It enables faster shelf restocking, reduces waste management, and optimizes retail shelf space usage. Additionally, these efficient shapes support the stacking of more containers in storerooms or warehouses, enhancing organizational efficiency. As a result, the adoption of smart brick carton packaging is anticipated to increase significantly, providing a gain of 230 basis points (BPS) from 2022 to 2032.

๐‚๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐ฐ๐ข๐ฌ๐ž ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ

The Asia-Pacific brick carton packaging market is likely to remain concentrated in the emerging economies of the region, which currently account for over 40% of the global market share. This is mainly due to the rising demand for innovative food and beverage packaging solutions. The region is projected to register a CAGR of approximately 5.2%, with sales volume expected to be particularly high in India and China, making them the most attractive and lucrative markets for brick carton packaging manufacturers.

Additionally, the increasing attractiveness of flexible packaging and single-serve pouches is expected to drive the adoption of rigid and semi-rigid packaging solutions in the coming years. These factors are anticipated to contribute to a gain of 190 BPS in the market during the forecast period from 2022 to 2032.

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž
The global brick carton packaging market is characterized by high fragmentation and intense competition due to the presence of numerous domestic and regional players. Leading companies employ a variety of marketing strategies, including mergers and acquisitions, expansions, collaborations, and partnerships.

Additionally, major players focus on new product development to enhance their market presence among consumers. This approach has led to the introduction of advanced brick carton packaging solutions.

Fact.MR has published a detailed report providing insights into the price points of top manufacturers in the brick carton packaging market across different regions. The report also covers sales growth, production capacity, and anticipated technological advancements.

For example:
โ€ข Tetra Pak International has introduced recyclable Tetra Pak Cartons made from paper using aseptic technology. These cartons consist of layers of paperboard (75%), polyethylene (20%), and aluminum (20%), fused together using heat and pressure to create a six-layer barrier that protects contents from oxygen, light, moisture, and dirt. These lightweight, fully recyclable cartons are also easy to transport.
โ€ข In 2019, Nippon Paper Industries Co. Ltd. entered into a Capital and Business Alliance Agreement with Shikoku Kakoki Co. Ltd. to explore opportunities in paper food packaging systems. This partnership focuses on developing packaging products made from renewable resources like paper derived from trees.

๐†๐ฅ๐จ๐›๐š๐ฅ ๐๐ซ๐ข๐œ๐ค ๐‚๐š๐ซ๐ญ๐จ๐ง ๐๐š๐œ๐ค๐š๐ ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐›๐ฒ ๐‚๐š๐ญ๐ž๐ ๐จ๐ซ๐ฒ

โ€ข By Material Type :
o Paperboard Brick Carton Packaging
๏‚ง Bleached
๏‚ง Unbleached
o Plastic Brick Carton Packaging
o Aluminium Brick Carton Packaging

โ€ข By Packaging Structure :
o Less than 5 Layers
o 5-7 Layers
o More than 7 Layers

โ€ข By End-Use :
o Food & Beverages Industry
๏‚ง Dairy Products
๏‚ง Fruit Pulp
๏‚ง Tea & Coffee
o Pharmaceuticals Industry

โ€ข By Thickness :
o Less than 240 ฮผm
o 240 to 260 ฮผm
o 260 to 280 ฮผm
o More than 280 ฮผm

โ€ข By Capacity :
o Less than 250 ml
o 250-500 ml
o 500-750 ml
o 750-1,000 ml
o 1,000-2,000 ml
o More than 2,000 ml

โ€ข By Region :
o North America
o Latin America
o Europe
o East Asia
o South Asia
o Oceania
o MEA

๐‘๐ž๐š๐ ๐Œ๐จ๐ซ๐ž: https://www.factmr.com/report/1896/brick-carton-packaging-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:
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