Printed Cartons Market 2021: Detailed analysis and growth trends post COVID-19 outbreak
The Market report provides critical insights on the market size, share, trend, forecasts, and opportunity analysis.
Startview Research has launched a market research report titled ‘Printed Cartons Market’ that is compiled by leveraging findings as well as insights about the market that helps businesses to stay ahead in the competitive market. It also helps the market players in selecting targets, guide where to invest, giving users a detailed information about company profile, etc. This report provides reliable and accurate market data, that can work as the key for the growth of any business. The report estimates about future trends, challenges, linchpins, opportunities, revenue and future sales count in the target market along with forecasting for a 5-year period.
According to this report, The Printed Cartons market is projected to grow from USD 338.6 billion in 2020 to USD 485.8 billion by 2026 at a CAGR of over 6.3% during the forecast period. Rising disposable income, strong favorable demographics, growing consumer awareness, and surging demand for processed food, are some of the key factors bolstering the market growth. Moreover, robust growth of food & beverage, consumer products, and e-commerce sectors in both developed and developing countries further augment the industry growth. Furthermore, the cosmetic sector has a strong demand for packaging for printed cartons, thus offering lucrative opportunities to the industry players in the coming years.
Market Segments' Analysis
Stratview Research has bifurcated the Printed Cartons Market by the following –
· Material (Paperboard, Corrugated Board, Kraft Board, Coated Paper, Liquid Board)
· End-Use (Transportation, Electrical & Electronics, Construction, Consumer Goods, Food & Beverage, Packaging)
· Region (North America, Europe, Asia-pacific, Middle East & Africa, South America)
Based on material, the global printed cartons market has been classified into paperboard, corrugated board, kraft board, coated paper, and liquid board. Under these, the corrugated board segment held the largest market share of more than 53% in 2020 and is likely to grow at a considered CAGR during the forecast period. It is widely used across the hardware & electronic industry for its benefits such as excellent shock resistance, moisture resistance, and sustainability, thereby bolstering the segment growth.
By region, the European market held a significant market share of almost 21% in 2020 and is projected to grow at a healthy CAGR in the coming years. Europe has one of the largest personal care industry contributors, mainly owing to significant innovations and the presence of a large number of SMEs as well as big companies in the region. Also, the packaging and e-commerce sectors are booming thus offering lucrative opportunities to the market players in the region.
Market Features
This report on the Printed Cartons Market is one of the important tools with the help of which the users can obtain a well perspective and through understanding of target market and customer. The details in the report covers Covid19 impact on the market and also predicts how long will it take to recoup which aids in reducing the business failures.
- Trend analysis, pricing and competitive analysis are some of the vital factors covered in this report.
- This report consists of in-depth analysis of the market to help businesses in improving decision making.
- Printed Cartons Market report aims at evaluating future sales as well as trends for the prediction period 5 years.
- This report helps to keep the users updated with key changes that take place in the present market.
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