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Printed Cartons Market size was USD 332.9 billion in 2020 and will grow at a CAGR of 6.1% between 2021 and 2027. Favorable trends associated with food & beverage will propel the industry growth in the future.
Printed cartons are small, light box or containers used for packaging of foods & beverages, healthcare products, household essentials, cosmetics, electronics, etc. These cartons are made of various materials, paperboard, corrugated board, kraft board, liquid board, etc. They are environment-friendly and can be efficiently recycled.
Printed cartons are widely used in the packaged food industry. They are used in the packaging of a variety of food products such as soups, spices, dairy products, and others. These products not only add to the aseptic value of the food products but also add to the product availability through the aesthetic properties.
The rigidity of printed cartons coupled with their tangibility will make them a favorable option in the food & beverage industry. The rising disposable income coupled with changing dietary patterns will positively influence the overall processed food & beverage sales, in turn, positively contributing to the overall printed cartons market.
Paperboard is widely used in the packaging of cosmetics & luxury products. For secondary packaging of cosmetics & personal care products, paperboard is considered the best material due to its versatile capacity to adapt to the needs of a variety of individual products. Packages made of paperboard are considered a powerful branding tool by cosmetics manufacturers as they can be coated with printed paper or plastics. Personal care and cosmetic products are expected to witness a solid growth trajectory in future due to rising population, lifestyle changes, etc.
Flexography, lithography, and digital are the most common techniques used by major manufacturers to print on substrates. Printed cartons help in the proper identification and branding of products. However, effective printing technologies increase the product cost, which is projected to be one of the major restraints of the overall printed cartons market.
Printing facilities require high initial investments and setup costs, which means that the product prices vary accordingly. With increasing innovations in printing techniques, the equipment requires more set up costs, which act as a major barrier to the overall printed cartons market growth. Moreover, the rising raw material costs, such as paper & pulp, are also adding up to the overall costs.
Report Attribute | Details |
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Base Year: | 2020 |
Printed Cartons Market Size in 2020: | 332,904.4 Million (USD) |
Forecast Period: | 2021 to 2027 |
Forecast Period 2021 to 2027 CAGR: | 6.1% |
2027 Value Projection: | 499,713.7 Million (USD) |
Historical Data for: | 2017 to 2020 |
No. of Pages: | 230 |
Tables, Charts & Figures: | 221 |
Segments covered: | Material, Disposal Method, End-user, Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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