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A printed carton is a container or box that helps manufacturers focus on product branding and enhance product safety. Printed carton boosts brand promotion, visibility, and product differentiation through their eye-catching graphics, detailed information, and logos, further helping products stand out on crowded retail shelves. The rapidly rising demand for attractive and informative packaging solutions and the growing shift toward sustainable packaging solutions drive the market expansion. The major manufacturers' continuous product advancements and launches also impel the global printed cartons market growth.
The exponential growth of the e-commerce sector is a major factor fuelling the global printed cartons market. The printed cartons package and transport medicines, drugs, vaccines, food and beverage items, and other consumer goods through online platforms. It boosts the demand for printed cartons, driving the market growth. Expanding the electrical and electronics industry worldwide also aids market growth.
The uncertainty in raw material prices for manufacturing printed cartons is a major factor hampering the market growth. The high upfront costs associated with several packaging techniques, which are unsuitable for low-volume runs, also limit the market growth. The complex setup of some printing technologies takes a longer time, restraining the demand for printed cartons.
The sudden outbreak of the COVID-19 virus impacted several sectors globally. The rapidly growing pharmaceutical, food and beverages, and e-commerce industries worldwide boosted the demand for printed cartons, impelling market growth.
By Printing Technology | By End-use Industry | By Geography |
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The report covers the following key insights:
Based on printing technology, the market is segmented into flexography printing, offset printing, digital printing, gravure printing, lithography printing, and others.
The flexography printing segment accounts for the largest market share and will flourish over the forthcoming years. Flexography printing is gaining immense traction as it is a cost-effective solution for extensive print runs with fewer printing restraints. The versatility and shine offered by the technology are essential for printing on cartons of any shape or format.
Based on end-use industry, the market is segmented into food & beverages, personal care & cosmetics, pharmaceutical, consumer goods, electricals & electronics, and others.
The food & beverages segment dominates the market and is estimated to witness significant growth over the forthcoming years. Printing on cartons is essential for developing the food & beverages industry. It strengthens brand identity, communicates product identity, differentiates the brand from its competitors, and increases brand recognition. The massive expansion of the food and beverages sector worldwide propels the segment growth.
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The printed cartons market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The Asia Pacific dominates the global printed cartons market and will experience noteworthy growth over the forecast period. The rapid rise of the food and beverage, retail, cosmetics, and personal care industries are the major contributors to the demand for printed cartons in the region.
North America is the second-dominating region and will witness rapid growth over the upcoming years. The rising demand for printed folding cartons among the food and beverages pharmaceutical sectors and growing modern retail outlets boosts market growth.
Europe is the third-leading region. The increasing adoption of smart folding cartons and rising demand for cost-effective and attractive packaging solutions from Europe's well-established personal care and cosmetic industry drive market growth.
The Latin American market will foresee steady growth due to the rising utilization of printed cartons in the e-commerce and food sectors. The Middle East & Africa printed cartons market is anticipated to experience moderate growth owing to the soaring demand for printed cartons for pharmaceutical packaging.
The report includes the profiles of key players such as Nippon Paper Industries Co., Ltd., International Paper, Smurfit Kappa, Tetra Pak International S.A., DS Smith, Huhtamaki Group, WestRock Company, Amcor Plc, Quantum Print Packaging Limited, and Hartgraph Limited.
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