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Multi-pack Carriers Market

Multi-pack Carriers Market By Product Type (Baskets, Trays), Material Type (Paper & Paperboard, Coated Unbleached Kraft Paperboard, Bleached Kraft Paperboard, Plastic, Polyethylene (PE), Polypropylene (PP), Polyethylene Terephthalate (PET)) & Region - Forecast 2022-2032

Market Insights on Multi-pack Carriers covering sales outlook, demand forecast & up-to-date key trends

Multi-pack Carriers Market Overview

The multi-pack carriers market is likely to register a CAGR of 4.7% during the forecast period, and is anticipated to reach a market share of US$ 2.45 Billion in 2032, from US$ 1.55 Billion in 2022.

As a result of urbanisation, there is a growing tendency for on-the-go food consumption, which is pushing the multi-pack carriers market. The use of multi-pack carriers frequently decreases the cost of packing the items, which has a substantial influence on the manufacturer's interest in adopting these multi-pack carriers options.

Attributes

Details

Multi-pack Carriers Market (CAGR)

  4.7%

Multi-pack Carriers Market (2022)

US$ 1.55 Bn

Multi-pack Carriers Market (2032)

USD 2.45 Bn

Multi-pack carriers are an efficient way of strategically increasing total sales of multi-pack carriers, as several product units are clubbed together and packed.

Packaging plays a vital role in attracting consumers, hence escalating demand fomulti-pack carriers, which is achieved by customizing the packaging products as per the end-users need, which also rockets the sales of multi-pack carriers.

Strategically positioning the product on the shelf or pallet display along with multi-pack carriers installed would enhance the products sale and the total sales of multi-pack carriers as well. Multi-pack carriers are easily customizable and provide convenience in portability due to the presence of handles. 

The multi-pack carriers are used for both cans as well as bottles on which they fit comfortably. There is a demand for multi-pack carriers as it helps in reducing the storage space required.

Multi-pack carriers are the best way in mobile advertising a product to increase sales of multi-pack carriers, due to the ease of printability option provided by the multi-pack carrier manufacturers

In today’s world, what attracts the eyes also drives the sales of multi-pack carriers, and multi-pack carriers can play a massive role in boosting products sales of multi-pack carriers

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What Contributes to the Growth of the Multi-pack Carriers Market?

Multi-pack carriers market is expected to witness growth due to the increased sales of multi-pack carriers compared to the single bottles or cans sold.

When products are clubbed and the brands offer an optimum discount, a significant hike in the sales of multi-pack carriers is observed. Ease of printability in multi-pack carriers; make the product visually enticing and easily recognizable.

The products that catch the consumers' eye eventually end up being bought, which improves the overall sales of multi-pack carriers and clears the old stocks. 

According to WestRock Company, 75% of the beverage purchase decisions are made by the consumers at the aisle amidst the various options available. The benefits of multi-pack carriers in improving the overall sales of multi-pack carriers would drive their multi-pack carriers market demand

The multi-pack carrier reduces the cost of packaging the product, which is one of the significant factors that impact its multi-pack carriers market growth. The cost saved can be utilized in marketing the product in multi-pack carriers market, which would lead to increased sales of multi-pack carriers, eventually benefitting the company.

The upper-middle-class consumers tend to buy more of such multi-pack carriers as convenience is a more important factor than cost. 

Due to such elements, the multi-pack carriers would witness an upright growth in the forecast period. The inclination of consumers towards sustainable packaging solutions would increase the demand for paper-based multi-pack carriers.

Ismail Sutaria
Principal Consultant
LinkedIn
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Which is the Key Region in the Multi-pack Carriers Market?

Multi-pack carriers’ market demand is likely to grow in the North American region due to the increased consumption of beverages per capita, followed by Europe.

In the coming future, multi-pack carriers would witness an upright growth in the global multi-pack carriers market due to urbanization in the developing countries, and their capability to attract a large number of customers would contribute to their increase in demand for multi-pack carriers.

What is the Competitive Outlook of the Multi-pack Carriers Market?

The key players in multi-pack carriers market are Smurfit Kappa Group plc, WestRock Company, Graphic Packaging International, LLC, Fishbone Packaging Inc., British Polythene Limited, Grip-Pak, Wynalda Packaging, and Canada Kegs & Packaging.

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Report Scope

Report Attribute

Details

Growth rate

CAGR of 4.7% from 2022 to 2030

Base year for estimation

2021

Historical data

2015 – 2020

Forecast period

2022 – 2032

Quantitative units

Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis

Segments covered

Product type, end use, material type, region

Regional scope

North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa

Key companies profiled

Smurfit Kappa Group plc, WestRock Company, Graphic Packaging International, LLC, Fishbone Packaging Inc., British Polythene Limited, Grip-Pak, Wynalda Packaging, and Canada Kegs & Packaging.

Customization scope

Free report customization (equivalent to up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

Frequently Asked Questions

The multi-pack carriers market is anticipated to register a CAGR of 4.7% during the forecast period.

The multi-pack carriers market share is anticipated to reach US$ 2.24 Bn by 2030.

Demand for multi-pack carriers is likely to rise, as the effective packaging solutions not only give a financial benefit, but they may also provide a competitive advantage in recruiting new customers.

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Ismail Sutaria
Principal Consultant
LinkedIn
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Multi-pack Carriers Market