The open top carton market size is projected to be valued at US$ 9.56 Billion in 2022 and is expected to surpass US$ 16.02 Billion by 2032. The demand for open top cartons is likely to grow at an average CAGR of 5.3% during the forecast period.
| Report Attribute | Details |
|---|---|
| Open Top Carton Market Value (2022) | US$ 9.56 Billion |
| Open Top Carton Market Forecast Value (2032) | US$ 16.02 Billion |
| Open Top Carton Market CAGR (2022 to 2032) | 5.3% |
Refined Industry Insights for Open Top Carton Manufacturers
Due to its high strength, recyclability, cost-efficiency, and durability, the open top carton has a massive product appeal. These qualities, together with the assurance of safety that covers type cartons give, contribute significantly to the growth of the open top cartons market. Cover-type cartons are also commonly utilized in sectors where covers are regularly removed and changed. This factor is likely to fuel the global open top carton market growth.
However, the cost of setting up a production plant for open top cartons is relatively high, which may discourage entrepreneurs from entering this industry. Investment is essential for the success of any company, and entrepreneurs that are unwilling to invest may jeopardize the open top carton market.
Transportation of heavy appliances or machinery is anticipated to be a lucrative growth opportunity for key players in the open top carton market. However, the green credentials of open top cartons can be compromised as many current functional and barrier coatings compromise the recyclability of the carton stock. As a result, the demand for open top cartons in packaging exceeded 6 million tonnes in 2021, with North America and Western Europe accounting for half the total volume.
Innovations and Opportunities in Open Top Carton Manufacturers
Many open top carton producers are developing or have developed specific carton board grades with barrier coatings to target this potential. There is an ongoing trend to boost the sustainability of open top cartons that includes a change from solvent-based to water-based coatings to reduce the emissions of volatile organic compounds (VOCs).
Simultaneously use of biopolymer will erode the petroleum-based polymer coatings market, but there is still significant commercialization work to bring these to a mass market.
Cartonboard, mostly in macro-flute sizes, is already widely employed in the thriving e-commerce sector. E-commerce expansion is now driving investments in robust designs and board grades designed to provide the extra protection required by the handling involved in its distribution network.
New e-commerce business strategies are expanding the opportunity for open top carton manufacturers.
These are some examples:
Lighter weight boards are a simple way to cut costs while having a beneficial environmental impact throughout the supply chain, from manufacture to transportation and waste disposal. Light weighting is, of course, constrained by physical principles, and there will undoubtedly come the point where no more modifications are conceivable, but that point has not yet been reached.
As a result, this tendency is projected to persist in the short term, with some influence on overall board production quantities in tones. In the current market, however, these reduced-weight items may carry a little price premium, preserving market value for the sector.
Open top cartons are cartons which are closed at one end, and these cartons don’t have flaps either at the top or the bottom. Open top cartons are extensively used for packaging and storing loads which are big and heavy. They help in easy installation of products without causing any serious damage to the products such as refrigerators, washing machines among others.
For transit and storing purpose, open top cartons are ideal choice. Open top cartons find applications in counter display units, bins, and storage boxes. Open top cartons are a custom carton that can be provided with top covers, providing strength to the carton.
Open top cartons are preferred medium of packaging as they possess high strength, durability, recyclability, and are cost effective. Open top cartons are mostly used for shipping of goods.
Growth of electronics and consumer goods increases demand of cartons all over the world. Rapid industrialization specifically in the emerging economies like China, India, and Brazil, is expected to increase the open top cartons market in this region. The fact that open top cartons come with cover, makes them an appealing option for storage and transportation purpose.
This makes it appealing in applications where cover must be removed and replaced frequently. It provides safety to products and facilitates easy handling. Open top cartons are used as counter display units to display the products. It increases product appeal among the customers, which in turn, can fuel growth of the global open top cartons market.
The global demand for electronic items such as refrigerators, washing machines, and other goods is expected to drive growth of the global open top cartons market. Open top cartons are available in various sizes which vary from small sized to be used as display units, storage boxes big enough to store refrigerators and other heavy goods, making it a fascinating choice.
Open top cartons enable easy installation of goods, which has increased preference for open top cartons in the heavy goods market as a safe and efficient packaging solution. The factors which might hamper growth of open top cartons market is requirement for high investment for production unit.
To recover the investment, units need to produce more volume, which is not promising due to tough competition. Hence, entrepreneurs may keep their hands away and are not easily willing to invest in the global open top cartons market. Wide range of packaging options available in rigid packaging might hamper rowth of the open top cartons market.
Based on regions, the open top cartons market is segmented into seven regions namely:
Overall the global open top cartons market is expected to witness moderate growth in the forecast period. North America, Western Europe, and Japan are anticipated to enjoy flourishing market.
Due to rapid industrialization, open top cartons market in Asia Pacific countries including China and India are expected to grow at a high rate. MEA and Latin America are expected to witness steady growth due to inadequate technology. The open top cartons market is expected to enjoy substantial growth in the forecast period.
Few of the key market players in the global open top cartons market are – Lazo Paper Pty. Ltd., B&B Box Company, Packaging Corporation of America, Safeway Packaging Pvt. Ltd., Smurfit Kappa Group, Peek Packaging Solutions Inc, R & R Corrugated Packaging Group, Shillington Box Company LLC, Mil-Spec Packaging of GA, Inc.
Few of the key market players in the global open top cartons market are – Lazo Paper Pty. Ltd., B&B Box Company, Packaging Corporation of America, Safeway Packaging Pvt. Ltd., Smurfit Kappa Group, Peek Packaging Solutions Inc, R & R Corrugated Packaging Group, Shillington Box Company LLC, Mil-Spec Packaging of GA, Inc.
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.
Global open top cartons market can be segmented as follows:
On the basis of material type, the global open top cartons market can be segmented as:
On the basis of product type, the global open top cartons market can be segmented as:
On the basis of applications, the global open top cartons market can be segmented as:
Explore Similar Insights
Open Top Cartons Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
Chat With
MaRIA
