Healthcare

Sales of Brick Carton Packaging Market to Reach US$ 11 Bn Revenues by 2028

The brick carton packaging market continues to be a fragmented landscape, with Tier III companies accounting for over 60% revenue share of the global revenues. Fact.MR’s new study on the brick carton packaging market opines global demand to surpass 4,000,000 tonnes by 2028-end, equaling nearly US$ 11 Bn in revenues.

The brick carton packaging report covers all the trending innovations introduced in the brick carton packaging market that are marking the future progress of the packaging landscape. Fact.MR research shows that beverage segment in the brick carton packaging market is estimated to dominate the global demand and account for over 55% of the total sales volume by the end of the assessment period. Owing to the growing demand for beverages, in particular, dairy beverages, the report projects 1.5x growth of the beverage segment in the brick carton packaging market through 2028. Food segment is expected to follow suit while accounting for over 35% of the total sales volume by 2028 end.

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Growing demand for longer shelf life and safety among consumers has encouraged packaging manufacturers to introduce packaging solutions with a range of materials, thickness and packaging structure. The report shows that the paperboard segment in the material type is expected to dominate the global sales volume with 3,000,000 tonnes and account for over 70% of the total brick carton sales through 2028.

brick carton packaging market 2

While manufacturers thrive to deliver the premium packaging solutions, packaging thickness remains one of the crucial aspects of packaging, which is prominently influenced by the rate of adoption among consumers. As consumers seek less rigid and more flexible packaging, the report has identified that 240-260 μm thickness type segment is the most attractive segment presenting rapid expansion at a CAGR of 4.4% during the forecast period.

Packaging structure is another factor identified in the report, which is prominently influenced by the preferences of customer and end consumers. Growing popularity of six layered packaging solutions across multiple industries has been identified to propel the sales volume of 5-7 layers over 2,000,000 tonnes by capturing almost 50% of total market share through 2028. In addition, less than 5 layers segment is projected to report a 1.5x rapid expansion during the assessment period.

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Chapter 1 – Executive Summary

The report commences with the chapter of the executive summary which delivers quick and information-rich outlook of the brick carton packaging market. The chapter delivers market size in terms of value and volume and highlights CAGR that gives the affluent snapshot of the market performance throughout forecast period.

Chapter 2 – Market Introduction

In this chapter of market introduction, the brick carton packaging market is introduced and the market segmentation in the form of market taxonomy is also provided.

Chapter 3 – Market Background

In the chapter market background, macro-economic factors, packaging industry outlook, and overview of the rigid packaging industry is delivered. Discussion on the market drivers, restraints, trends and opportunities and their impact on the brick carton packaging market forecast is also covered in this chapter.

Chapter 4 – Global Brick Carton Packaging Market Analysis

This chapter provides the brick carton packaging market analysis in terms of market volume projections, market size projections and pricing analysis. Market analysis based on absolute $ opportunity and y-o-y growth of the brick carton packaging market is also covered in this chapter.

Chapter 5 – Market Viewpoint

This chapter of the report discusses market viewpoint in terms of value chain analysis and cost tear down analysis in the brick carton packaging market.

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The increasing popularity of flexible packaging and preference for single-serve pouches is likely to confine the adoption of rigid or semi-rigid packaging such as brick carton packaging in the coming years. However, stakeholders in the brick carton packaging market are engaged in adopting advanced packaging equipment and printing technology and introducing novel packaging solutions. Amcor has recently introduced the Sunshine print effect in its folding cartons to deliver a premium brand look.

The unique print technology are used is cost effective and delivers design flexibility. SIG has recently initiated a partnership with Zapper, one of the world’s leading developers and providers of augmented reality (AR) to increase interaction and engagement with brand’s carton packs. Elopak has recently launched Arla Food’s Natural Brown Board cartons with effective printing and sustainable packaging.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/06/21/1872418/0/en/Introduction-of-Engineered-Plastic-Projected-to-Bolster-Sales-of-Plastic-Furniture-details-Fact-MR-study.html

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