(MENAFN- Ameliorate Digital Consultancy)
Brick carton packaging materials includes paperboard, aluminium, or low-density polyethylene. The packaging options available in a range of sizes, and with or without closure has multiple benefits of storage convenience, longer shelf life and maximum functionality as compared to other packaging solutions. All the above-listed benefits are expected to expand the market by 2/5th i.e. ~40% of current market size.
Manufacturers are offering innovative products in order to gain a wide consumer base and expand their geographical reach. For instance, they have introduced unique print technology, which is not only cost-effective but also delivers design flexibility as well. This is poised to increase their profits by 25% of the current level, in coming years.
Fact.MR projects that the brick carton packaging market is poised to witness an exhibiting growth at 4.5% CAGR during 2022-2032 in comparison to a CAGR of 3.0% with which it grew between 2017 and 2021.
Download Free Sample Copy of this Report:
Aseptic Packaging to Take Center Stage
Consumers are seeking more ready-to-eat food items and meals, where packaging manufacturers are faced with the challenges to store perishables items such as juices and dairy products for a longer period of time. Thus, augmented demand for packaging solutions having longer shelf life in aseptic packaging is expected to encourage manufacturers to enter this white space landscape and earn 1.7X more profits.
Additionally, International Dispensing Corporation (IDC), announced the formation of the Alliance for Aseptic Foodservice (AAF), which aimed to increase the penetration of aseptic packaging in the food industry. AAF will syndicate advanced aseptic technologies like bottle and brick carton packaging for the penetration of aseptic solutions in multiple industries like food packaging, food & beverages industry etc.
Analyzing Requirements and Launching Customized Offerings
Transformations in consumer lifestyle are able to influence the industry landscape of food & beverages, food packaging etc. As on-the-go packaging is in trend, customers now have an all-inclusive view of offerings. Thus, with this trend on the go, the next decade is expected to be dominated by an emphasis on customized products and offerings.
Furthermore, personalized and unique brick carton packaging as per in-house or single usage is likely to gain pull among modern consumers. Seeing this trend, beverage producers have introduced novel brick carton packaging solutions to stand out from other competitors in the brick carton packaging market.
Region-wise Insights Which region accounts more concentrated demand for Brick Carton Packaging Market? Asia-Pacific brick carton packaging market is likely to remain concentrated in emerging economies of this region currently accounting for 40% of the global brick carton packaging market share.
This is mainly attributed to the rising demand for pioneering food and beverage packaging solutions, and the region is estimated to register a CAGR of approximately 5.2% . The sales volume are expected to be higher in the economies of India and China, being the most attractive and lucrative market for brick carton packaging manufacturers.
In addition to this, rising attractiveness towards flexible packaging and single-serve pouches is poised to lead to the adoption of rigid and semi-rigid packaging solutions in the coming years. Aforementioned factors are expected to provide a gain of 190 BPS to this market during the forecast period (2022-2032).
Category-wise Insights What industry is expected to show more demand in Brick Carton Packaging Market in coming years? The Food & Beverages industry dominates the global demand for brick carton packaging and currently accounts for more than 57.6% of the global market share. This segment is expected to dominate the global demand owing to the augmenting demand for beverage, dairy beverages etc. and is likely to report 1.5X growth in coming years.
Get Customization on this Report for Specific Research Solutions:
Competitive Landscape: Top Companies in Brick carton packaging Market
The global brick carton packaging market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced brick carton packaging.
Fact.MR has provided detailed information about price points of top manufacturers of brick carton packaging market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
For instance:
Tetra Pak International recently offered recyclable Tetra Pak Cartons which are made from paper using aseptic technology. All the materials i.e. paperboard (75%), polyethylene (20%) and aluminium (20%) are layered together using heat and pressure, to make a six-layer armour, which protects the content from oxygen, light, moisture, dirt etc. Moreover, these cartons are easy to transport as they are lightweight and are fully recyclable as well. Nippon Paper Industries Co. Ltd. In 2019 executed a Capital and Business Alliance Agreement with Shikoku Kakoki Co. Ltd. Regarding paper food packaging systems. The idea is to pursue possibilities in packaging products made from paper, from trees, which are a renewable resource. Global Brick Carton Packaging Market by Category
· By Material Type : Paperboard Brick Carton Packaging Plastic Brick Carton Packaging Aluminium Brick Carton Packaging
· By Packaging Structure : Less than 5 Layers 5-7 Layers More than 7 Layers
· By End-Use : Food & Beverages Industry Dairy Products Fruit Pulp Tea & Coffee
Pharmaceuticals Industry
· By Thickness : Less than 240 μm 240 to 260 μm 260 to 280 μm More than 280 μm
· By Capacity : Less than 250 ml 250-500 ml 500-750 ml 750-1,000 ml 1,000-2,000 ml More than 2,000 ml
· By Region : North America Latin America Europe East Asia South Asia Oceania MEA
For in-depth competitive analysis, Buy Now –
About Us:
Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we'll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Email:
Comments
No comment