According to research by Future Market Insights, the global brick liquid carton industry is poised for steady growth over the next decade. Valued at USD 8.9 billion in 2022, the industry is projected to expand at a Compound Annual Growth Rate (CAGR) of 4.3%, reaching approximately USD 13.6 billion by 2032.
The demand for straw hole opening cartons is expected to surge, with the top five companies collectively holding an estimated 20-25% share of the industry by the end of 2022. This opening type continues to gain traction due to its convenience and functionality.
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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Carton Folding And Gluing Machine
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Carton Folding And Gluing Machine market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Carton Folding And Gluing Machine Market Takeaways and Projections
- The U.S. is expected to lead the North America Carton Folding And Gluing Machine market, projecting the fastest growth in the region between 2022and 2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
Report Benefits & Key Questions Answered
- Carton Folding And Gluing Machine Historical Market Analysis: The detailed survey by FMI, examines key factors in the Carton Folding And Gluing Machine market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Carton Folding And Gluing Machine market for the forecast period 2022-2032.
- Carton Folding And Gluing Machine Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Carton Folding And Gluing Machine for the assessment period. As per the study, the demand for Carton Folding And Gluing Machine will grow at a robust CAGR between 2022and 2032.
- Carton Folding And Gluing Machine Market Trend Analysis: The latest study by FMI on the Carton Folding And Gluing Machine market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Carton Folding And Gluing Machine market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
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Brick Liquid Carton Market by Category
By Material Type, Brick Liquid Carton Market is segmented as:
- Uncoated Paperboard
- LDPE Coated
- Aluminum
By Opening Type, Brick Liquid Carton Market is segmented as:
- Straw Hole Opening
- Twist Opening
By Application, Brick Liquid Carton Market is segmented as:
- Dairy Products
- Juice
- Other Products (Coconut Water, Soft Drinks, etc.)
By Region, Brick Liquid Carton Market is segmented as:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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