Printed Cartons Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
Albany, NY -- (SBWIRE) -- 03/16/2018 -- Over the last few years, product packaging emerged as a critical factor in customer's decision making process, as customers with their preference of choices directly communicates with the brand. Packaging is not only used for protecting the product but also aids to enhance the brand visibility, which in turn escalates brand value. Cartons are considered one of the essential packaging solution available to brand owners and product manufacturers. Manufacturers on the other hand also come up with innovative packaging demand to solution providers in order to get hold of target customer eye-balls and retain its competitive edge in the market.
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Printed cartons market growth is attributed by impressive growth in consumer products market across different geographies. Food & beverages industry which reported over 15% annual growth in emerging Asian markets, analyzed to be the key contributor to printed packaging carton demand. On similar lines, cosmetics industry acted as a catalytic factor to the escalated demand for printed carton across the globe. It is noteworthy that the demand for cosmetic products viz. a viz. packaging products required for packaging including printed carton remained above manufacturing sector growth across all prominent geographies of the world.
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Food & beverage as well as cosmetic manufacturers need high load capacity packaging solutions along with assurance of product safety as well as attractive prints, which eventually is an attribute of printed cartons and thus the global projected growth for printed carton is likely to be in the vicinity of 5% over short term period. In a dynamics consumer products market, printed cartons provided brand owner and product manufacturers a competitive edge, even helped packed products to find space at front shelves of modern retail format. Thus, a larger chunk of brand owners are emphasizing on printed cartons and have moved to these newer packaging formats.
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Apart from food & beverage and cosmetic products, printed cartons are widely as a packaging solutions for the tobacco, and electronics products, and on the backdrop of growth in end use industry presents a substantial opportunity for global printed cartons market.