Asia Pacific Printed Cartons Market Will Grow at 6% CAGR up to 2024
Tuesday, August 13, 2019
Press release from the issuing company
According to a new research report by GMI, Printed Cartons Market will achieve 5.3% CAGR to exceed USD 188 billion by 2024. Mounting consumer demand in the hardware & electronics industry chiefly in North America is likely to help attain significant gains to the printed cartons market over the projected timeframe. This is credited to large investment to the research & development of the aforementioned industry owing to rapidly changing consumer's preferences for technically advanced gadgets & equipment.
Furthermore, fierce competitive forces among key players to standout from existing counterparts in the industry has resulted in growing adoption for striking packaging procedures which is anticipated to make noteworthy contribution to the printed cartons market by 2024.
Printed Cartons Market
Positive growth indicators in the cosmetics & personal care industry primarily in Asia Pacific will make substantial contribution to the printed cartons market by 2024. Rapidly evolving consumer spending power primarily in India, China, Japan and Indonesia along with consistently evolving packaging standards will subsequently have a positive impact on the printed cartons market during the forecast period.
Request for a sample of this report @ https://www.gminsights.com/request-sample/detail/1540
Corrugated board accounted for the largest share of the business in 2016. The product is majorly used for packaging fragile or easily breakable material as it offers excellent shock resistance and safety against moisture. They are primarily utilized in hardware & electronics industry owing to presence of edges & depressions which enhances overall stiffness of the carton. These cartons are projected to grow at a healthy CAGR due to its lucrative and customizable features which will help achieve promising gains to the overall printed cartons market by 2024.
Bio-degradable printed cartons market is likely to grow close to CAGR of 5.5% by 2024. The market growth will be mainly attributed to the fact that they can be completely broken down by the action of microbes and can help reduce the amount of waste to subsequently achieve environment sustainability. Rising concerns against pollutants in the environment has led to formulation of stringent laws to take initiative against reducing waste, which will have optimistic influence on the bio-degradable printed cartons market by 2024.
Cosmetics & personal care industry for printed cartons market will experience growth close to 4.5% CAGR by 2024. It is extensively used in cosmetics & personal care segment in various forms including paper & paperboard packaging to deliver excellent packaging which not only provides cushioning to personal care items but also helps to improve the overall brand image through attractive printing and labels on the cartons.
Asia Pacific printed cartons market was valued close to USD 40 billion in 2016. Substantial industry share along with decent growth rate by 2024 will be credited to China and India owing to rapid population pace and socioeconomic factors which will help propel several end-user industries including food & beverage, electronics, healthcare, homecare, cosmetics & personal care, etc. which will make noteworthy contribution to printed cartons use in the region.
Browse key industry insights @ https://www.gminsights.com/industry-analysis/printed-cartons-market
Key industry share contributors of printed cartons are Amcor, WestRock, Lithoflex, Tetra Pak International, Refresco, Winston Packaging, Glossop Cartons, Evergreen Packaging and All Packaging Company.
Printed cartons market by material
Printed cartons market by feature
Printed cartons market by end-user
Food & beverage
Hardware & electronics
Cosmetics & personal care
The above information is provided on a regional and country basis for the following:
Middle East & Africa
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