Global Printed Carton Market 2019-2023
About this market
The increasing need for recyclable and sustainable packaging is one of the key factors that will drive the growth of the global printed carton market. The growing awareness of plastic about its environmental impact is forcing brand owners to adopt sustainable packaging. Therefore, several economies are focusing on eliminating the use of plastic packaging. Such initiatives will increase the need for recyclable and sustainable packaging options such as a printed carton because it is manufactured by using recyclable materials. Therefore, the increasing adoption of printed carton for packaging will drive the growth of the global printed carton market during the forecast period. Technavio’s analysts have predicted that the printed carton market will register a CAGR of about 5% by 2023.
The increasing need for recyclable and sustainable packaging
One of the growth drivers of the global printed carton market is the increasing need for recyclable and sustainable packaging. The sustainable feature of packaging products such as paper and paperboards will drive the demand for printed cartons.
Volatility in prices of raw materials for manufacturing printed cartons
One of the challenges in the growth of the market is the volatility in prices of raw materials for manufacturing printed cartons. The increase in the price of raw material raises the manufacturing cost and lead to a reduction in profit margins of vendors which will hinder the market growth.
For the detailed list of factors that will drive and challenge the growth of the printed carton market during 2019-2023, view our report.
The market appears to be moderately fragmented and with the presence of several vendors. Folding carton vendors are increasingly focusing on offering smart printed cartons, as they can be easily tracked during the entire delivery process. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
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