Latest News - Printed Carton Market: Food and beverage is expected to lead the End-user segment during 2024-2028

The Printed Carton Market is being driven by Growth in organized retail

The Printed Carton Market is expected to grow at a CAGR of 2.15% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 21.5 billion. In the packaging industry, there is a growing emphasis on producing eco-friendly products with a reduced carbon footprint and enhanced resistance to chemicals such as solvents and cleaners. This trend is driven by both consumer demand and regulatory requirements. For instance, governments in key markets like the UK, Germany, and the US are implementing environmental regulations and policies that address the content of inks used in packaging. In Europe, the EN 13432 certification is mandatory for biodegradable and compostable packaging. To meet these demands, packaging companies are investing in eco-friendly inks and new printing technologies, ensuring their products align with sustainability initiatives and regulatory standards. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Food and beverage
  • Personal care and household
  • Healthcare
  • Others
• Product
  • Corrugated carton
  • Folding carton
• Geography
  • APAC
    • China
    • India
  • North America
    • US
  • Europe
    • Germany
    • UK
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growth in organized retail
• Rise in demand for sustainable packaging
• Increasing demand for digital printing

However, the market also witnesses some limitations, which are as follows:

• Regulations pertaining to use of printed cartons
• Fluctuating demand for printed cartons
• Volatility in prices of raw materials

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Market Scope in Printed Carton Market Research Report

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Research Analysis Overview

The Printed Carton Market encompasses a wide range of applications and substrates, including containerboard for corrugated and carton boxes, kraft board for heavy-duty packaging, and paperboard for lighter weight cartons. Setup costs and initial investments for printing facilities vary depending on the chosen printing technologies such as digital, lithography, and Flexography. Brands invest in these facilities to ensure effective product identification and branding for various industries like Healthcare, Homecare, Electronics, Spices, Soups, and Packaged Foods. Containerboard, recycled or virgin, is a popular choice for many applications due to its strength and cost-effectiveness. Substrates like liquid board and electronics grade paperboard cater to specific industries. Branding and identification are crucial in the competitive market, driving the demand for high-quality printing technologies. Environmentally-friendly options, such as recycled materials, are also gaining popularity. Overall, the Printed Carton Market offers diverse solutions for various industries, balancing cost, quality, and sustainability.

Market Research Overview

According to Technavio, the market under consideration is a segment of the expansive global paper and plastic packaging products and materials industry. Paper packaging, an economical and eco-friendly alternative, offers benefits such as lightweight, biodegradability, and recyclability. This category encompasses products like packaging boards, kraft paper, and various other packaging papers. Conversely, plastics are a prominent choice for packaging applications due to their superior performance, durability, and cost-effectiveness. The selection of plastic materials depends on the nature of the substance being conveyed, with options including polyvinyl chloride, polypropylene, polyethylene, and numerous others. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/