Market Research Future (MRFR) has published on the “Global Brick Carton Packaging Market”
that contains information from 2018 to 2032. The Brick Carton Packaging market is estimated to register a CAGR of 4.80% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Brick Carton Packaging market— Tetra Pak International S.A., Shanghai Skylong Aspetic Package Material Co., Ltd., International Paper, Nippon Paper Industries Co. Ltd., Elopak AS, Reynolds Group Holdings, Sealed Air, and Saxon Packaging Limited
Brick Carton Packaging Market Highlights
The global Brick Carton Packaging market is accounted to register a CAGR of 4.80% during the forecast period and is estimated to reach USD 15.4 Billion by 2032.
The rapid urbanisation of developing nations, which encourages market expansion, is the driving force behind the demand for packaged liquid products. In addition, the market for liquid packing cartons is expanding as a result of growing consumer spending and more disposable income. Making the switch to eco-friendly packaging provides a number of clear advantages for both customers and businesses. A conscientious consumer also makes intelligent decisions when making purchases and recognizes the political, social, and environmental impact of the things they use. Due to consumer demand for green packaging options, the market for liquid packaging cartons is also growing.
Segment Analysis
The global brick carton packaging market has been segmented based end use industry, material and type.
On the basis of end use industry, the market is segmented into food & beverage, cosmetics, pharmaceutical, nutraceutical, chemicals, and others. Food & beverage segment dominated the global market in 2022. This is due to the rising demand for beverages, dairy beverages, etc.
Based on material, the global brick carton packaging market has been segmented into uncoated paperboard, low-density polyethylene (LDPE), and aluminum. Uncoated paperboard segment dominated the global Brick Carton Packaging market in 2022. A number of causes, including a rise in demand for packaging solutions made of sophisticated, long-lasting materials, as well as a longer shelf life and food product safety, have contributed to the expansion.
Based on type, the global brick carton packaging market has been segmented into cut, straw hole, clip, twist, and king twist. Cut segment dominated the global market in 2022. This can be explained by the growth in demand for brick carton packaging brought on by the rising popularity of different types of beverages.
Regional Analysis
The global Brick Carton Packaging market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Brick Carton Packaging market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Brick Carton Packaging market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Brick Carton Packaging market comprises of Middle East, Africa, and Latin America.
The North America Brick Carton Packaging Market dominated this market in 2022 (45.80%). The growing popularity of takeaway meals and the need for appropriate beverage packaging are both expected to assist the market for liquid packaging cartons. In addition, the growth of the food and beverage industry, an increase in FMCG, and technological developments in the packaging industry are all assisting in the region's predicted progress.
Moreover, Europe Brick Carton Packaging market accounted for a healthy market share in 2022. This is because liquid packaging cartons may easily be made from natural fabrics, which are widely available and are predicted to become more so in this region. Additionally, from the perspectives of producers and customers, liquid packing cartons are being employed more frequently in commercial and institutional contexts.
Additionally, the Asia Pacific Brick Carton Packaging market is expected to register significant growth from 2023 to 2032. Recent entry by major beverage firms into China and India's marketplaces has greatly improved sales for the Asia-Pacific liquid carton packaging industry. Another element driving up the need for liquid carton packaging is the growing consumption of packaged beverages by millennials, including dairy products, soft drinks, and juices. Favourable government initiatives to reduce carbon footprints and develop sustainable packaging have further enhanced the market for liquid carton packaging in the Asia-Pacific region. For instance, India is ranked as the fourth-largest market for fast-moving consumer goods by the Indian Brand Equity Foundation.
Furthermore, the rest of the world's Brick Carton Packaging market is divided into the Middle East, Africa, and Latin America. Rapid urbanization and the need for cardboard packaging that is environmentally friendly. Due to rising customer demand for quick-and-easy packaging options, the brick carton packaging industry in Latin America has been steadily expanding. Urbanization, shifting lifestyles, and an increasing focus on environmentally friendly packaging alternatives are some of the trends driving this one.
Key Findings of the Study
- The global Brick Carton Packaging market is expected to reach USD 15.4 Billion by 2032, at a CAGR of 4.80% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market. Recent entry by major beverage firms into China and India's marketplaces has greatly improved sales for the Asia-Pacific liquid carton packaging industry.
- Based on type, the cut segment was attributed to holding the largest market in 2022.
- Tetra Pak International S.A., Shanghai Skylong Aspetic Package Material Co., Ltd., International Paper, Nippon Paper Industries Co. Ltd., Elopak AS, Reynolds Group Holdings, Sealed Air, and Saxon Packaging Limited
To Get a Detailed Report Summary and Research Scope of the Brick Carton Packaging Market Size
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Companies Covered | 15 |
Pages | 128 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.