The multi-pack carriers market is predicted to grow at a 4.7% CAGR over the course of the forecast period, from a market share of US$ 1.55 billion in 2022 to US$ 2.45 billion in 2032.
Urbanization has led to an increase in the trend of eating meals while on the go, which is driving the market for multi-pack carriers. The cost of packing the items is typically reduced when using multi-pack carriers, which significantly influences the manufacturer’s interest in using these options
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 for multi-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.
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What Factors Affect the Market for Multi-Pack Carriers?
Due to higher multi-pack carrier sales than single bottles or cans, the market for multi-pack carriers is anticipated to expand.
Sales of multi-pack carriers significantly increase when products are combined and the brands provide the best discount. Easy printing on multi-pack carriers; make the product eye-catching and simple to identify.
Consumers eventually buy the items that strike their attention, increasing the overall sales of multi-pack carriers and clearing out the old inventory.
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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Key Segments
By Product Type:
- Baskets
- Trays
- Others (Rim applied carriers)
By Material Type:
- Paper & Paperboard
- Coated Unbleached Kraft Paperboard
- Bleached Kraft Paperboard
- Plastic
- Polyethylene (PE)
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Others
By End Use:
- Alcoholic Beverages (Beer, Wine, Others)
- Non-Alcoholic Beverages (Juices, Milk Products, Carbonated Drinks, Others)
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