The global cardboard flask market is on a remarkable growth trajectory, expected to reach a market value of USD 1.3 billion in 2023 and projected to achieve USD 2.7 billion by 2033, driven by a substantial Compound Annual Growth Rate (CAGR) of 7.5%. During the historical period from 2018 to 2022, the market displayed a CAGR of 3.9%, indicating a significant acceleration in growth.
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key factors:
- Exotic Flavors and Beverage Delivery: The increasing availability and popularity of exotic flavors that require specialized brewing methods have boosted the demand for freshly brewed beverages. Consumers are increasingly ordering these beverages from various outlets, driving the need for efficient packaging solutions like cardboard flasks.
- Hygienic and Convenient Delivery: Cardboard flasks offer a solution for delivering freshly brewed beverages to consumers’ doorsteps while maintaining hygienic conditions. This has become particularly important in the context of online retail, where convenience and cleanliness are paramount.
- Cost-Effective Alternative: Cardboard flasks are a cost-effective alternative to conventional metal flasks for delivering beverages. They eliminate the need for collecting and cleaning containers, reducing operational costs for brand owners and retailers.
- Growing Hot Beverage Consumption: In countries like the United States, United Kingdom, China, Japan, and India, the consumption of hot beverages has become a daily necessity. The rise in consumption, especially among millennials, has driven the demand for cardboard flasks and contributed to the industry’s expansion.
The combination of convenience, cost-effectiveness, and the surge in hot beverage consumption has created a fertile ground for the growth of the cardboard flask industry. This trend is expected to persist and drive significant market expansion throughout the forecast period.
Key Players:
- Sanex Packaging Connections
- DPS Packaging
- Pirsq
- Green Indya Enterprises
- Paxlander
- Bell Printers
- CupaGreen
- SKS Bottle & Packaging
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 an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with industry attractiveness as per segments. The report also maps the qualitative impact of various market factors on cement packaging industry segments and geographies.
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Market Segmentation:
By Capacity:
- Less than 500 ml
- 500 – 750 ml
- 751 – 1000 ml
- More than 1000 ml
By Printability:
- Plain
- Single colour print
- Multi-Colour print
By Product type:
- With handle
- Without handle
- With Side spout
- With middle spout
By End Use:
- Food & Beverage Industry
- Tea/Coffee
- Soups
- Other liquid beverages
Segmentation details of the market
- Former, on-going, and projected industry analysis in terms of volume and value
- Assessment of niche industry developments
- industry share analysis
- Key strategies of major players
- Emerging segments and regional markets
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Queries Solved
- What is the size of the overall Cardboard Flask industry in the Packaging Industry and its segments?
- What are the key segments and sub-segments in the industry?
- What are the key drivers, restraints, opportunities, and challenges of the Cardboard Flask Market in the Packaging Industry, and how they are expected to impact the industry?
- What are the attractive investment opportunities within the Cardboard Flask industry in the Packaging Industry?
- What is the Cardboard Flask Market in the Packaging Industry size at the regional and country-level?
- What are the key industry players focusing on?
- What are the strategies for growth adopted by the key players in Cardboard Flask industry in the Packaging Industry?
- What are the recent trends in Cardboard Flask Market in the Packaging Industry? (M&A, partnerships, new product developments, expansions)?
- What are the challenges to the Cardboard Flask industry in the growth of the Packaging Industry?
- What are the key market trends impacting the growth of the Cardboard Flask Market in the Packaging Industry?
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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