As per Future Market Insights, the foldable/compressible beverage carton market is anticipated to attain a value pool of US 400 Billion by 2022-end. Over the projected timeframe from 2022 to 2032, a CAGR of 5.7% is projected for the market for foldable/compressible beverage cartons. By the end of the assessment period, the global market is forecasted to reach a market valuation of US$ 700 Billion.
The use of foldable/compressible beverage cartons has increased in recent years and is likely to expand further during the projection period. The Foldable/compressible beverage carton is versatile and easily recognised. The Foldable/Compressible beverage carton is distinguished by its unique appearance and high degree of flexibility for beverage packaging.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2022 | US$ 400 Billion |
| Projected Market Value in 2032 | US$ 700 Billion |
| Growth Rate (2022 to 2032) | 5.7% CAGR |
The market for foldable/compressible beverage cartons is predicted to increase rapidly for a variety of reasons. One of the key aspects contributing to the growth of foldable/compressible beverage carton is the increasing demand for beverages like as juice and energy drinks, which are projected to fuel the growth of this market in the approaching years.
Another reason driving the growth of the foldable/compressible beverage carton market is the rise in family income, which has increased consumption of packaged beverages. Furthermore, foldable/compressible beverage cartons generate less trash than bottles and need less storage and transit space.
Furthermore, foldable/compressible beverage carton is readily recyclable and ecologically beneficial, which is one of the reasons for its appeal. Variations in raw material availability and prices may also have a detrimental influence on the worldwide Foldable/Compressible beverage carton market growth.
To meet the increased demand, several packaging businesses are concentrating on producing Foldable/Compressible beverage cartons with efficiency, high accuracy, and process control. Since, Western Europe is a major consumer of packaged food and beverages it may be the largest market for Foldable/Compressible beverage cartons.
As the retail sector in these countries grows, India and China predict considerable growth in market volume share. Due to increasing demand from the food and beverage industries, Asia Pacific has the largest regional market for Foldable/Compressible beverage carton.
Stora Enso AB, Visy Industries, Ingersoll Paper Box, TigerPress, WestRock, Tetra Pack Group, ELOPAK, Sig Holding AG, International Paper, and others are among the leading competitors in the global foldable/compressible beverage carton market landscape.
In recent years there has been an increase in the usage of foldable / compressible beverage carton and is expected to grow over the forecast period. The foldable / compressible beverage carton has flexible and is highly recognizable. The foldable / compressible beverage carton is a packaging distinguished by its special styling and by the high degree of flexibility for beverage packaging.
Foldable / compressible beverage carton based juice and sauces packages were considered to be light to carry, have high functionality and easy to fold for waste handling and recycling compared to glass bottles. The foldable / compressible beverage carton do not allow the contamination of beverages into the outer environment.
Foldable / compressible beverage carton provides all the properties needed for primary packaging such as high barrier, lightweight, low contamination, etc.
For improving the performance of foldable / compressible beverage carton manufacturers use some additional value added features such as a caps or screw closure. Foldable / compressible beverage carton are extensively used for the packaging of products such as liquid dairy product, juice, sauce, energy drink, soups or different kind of liquid.
Growth in demand for foldable / compressible beverage carton market is expected to grow strongly for several reasons. One of the significant factors contributing towards the growth of foldable / compressible beverage carton is the growing demand for the beverages including juice, energy drink which are expected to drive the growth of this market in the coming years.
Another factor contributing towards the growth of foldable / compressible beverage carton market is the rise in earning of families, which has increased the consumption of the packed beverages. Moreover, the waste management of foldable / compressible beverage carton is more easily rather than bottles and it needs less space for storage and transportation.
Furthermore, foldable / compressible beverage carton is easily recyclable and environmentally friendly, it is one of the reasons for gaining the popularity of foldable / compressible beverage carton. The variation in raw material availability and prices could also make a negative impact on the global foldable / compressible beverage carton market growth.
The global foldable / compressible beverage carton market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Several packaging companies are focusing on developing foldable / compressible beverage carton with efficiency, high precision, and process control to serve the growing demand.
Western Europe is the prominent consumer of the packed food and beverages so it may be the biggest market of foldable / compressible beverage cartons. India and China have expected the significant growth in market volume share as the rise in the retail sector in these regions. Asia Pacific has the largest regional market for foldable / compressible beverage carton, owing to high demand from food and beverage industry.
Few of the major players identified across the globe in the foldable / compressible beverage carton market are Stora Enso AB, Visy Industries, Ingersoll Paper Box, TigerPress, WestRock, Tetra Pack Group, ELOPAK, Sig Holding AG, International Paperetc.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The global foldable / compressible beverage carton market is segmented on the basis ofraw material, capacity and by application.
On the basis of raw material type, the global foldable / compressible beverage carton market is segmented into -
On the basis of capacity, the global foldable / compressible beverage carton market is segmented into -
On the basis of application, the global foldable / compressible beverage carton market is segmented into -
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Foldable/Compressible Beverage Carton Market
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