Retail Market, Consumer Goods, Retail Market Insights, Brick Carton Packaging Market Research, Brick Carton Packaging Market Forecast, Brick Carton Packaging Market Trends, Brick Carton Packaging Market Growth, Brick Carton Packaging Market Share, Brick Carton Packaging Market Size
[UAEpr, Mon Dec 17 2018] Innovations in the packaging industry continues to be centered on lowering the transportation and direct product costs. Currently, brick carton packaging market is clearly dominated by paperboard material where cartons’ lightweight enables easier transport, in turn, saving significant investment in outbound distribution. The compact and stackable brick carton packaging enables the retailers to achieve faster shelf replacement, efficient use of retail shelf space and minimum waste handling. Further, the smart shapes of the brick carton packaging aid in efficient palletization by enabling stacking of a higher number of cartons in warehouses. The penetration of smart brick carton packaging is likely to witness an increase over the course of the assessment period.
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The brick carton packaging market continues to be a fragmented landscape, with Tier III companies accounting for over 60% revenue share of the global revenues. Fact.MR’s new study on the brick carton packaging market opines global demand to surpass 4,000,000 tonnes by 2028-end, equaling nearly US$ 11 Bn in revenues.
The brick carton packaging report covers all the trending innovations introduced in the brick carton packaging market that are marking the future progress of the packaging landscape. Fact.MR research shows that beverage segment in the brick carton packaging market is estimated to dominate the global demand and account for over 55% of the total sales volume by the end of the assessment period. Owing to the growing demand for beverages, in particular, dairy beverages, the report projects 1.5x growth of the beverage segment in the brick carton packaging market through 2028. Food segment is expected to follow suit while accounting for over 35% of the total sales volume by 2028 end.
Growing demand for longer shelf life and safety among consumers has encouraged packaging manufacturers to introduce packaging solutions with a range of materials, thickness and packaging structure. The report shows that the paperboard segment in the material type is expected to dominate the global sales volume with 3,000,000 tonnes and account for over 70% of the total brick carton sales through 2028.
Aseptic Packaging to Take Centerstage in the Brick Carton Packaging Market
As time-pressed consumers seek more and more ready-to-eat food, packaging manufacturers are bemused by challenges to store perishables, particularly dairy products and juices. Growing demand for packaging solutions with longer shelf life and advances in aseptic packaging is likely to encourage stakeholders in the brick carton packaging market to enter the aseptic packaging landscape. According to the International Dispensing Corporation (IDC), about 50% of the global food and beverage expenditure is consumer away from home where demand for aseptic packaging is increasing. IDC has recently announced the formation of the Alliance for Aseptic Foodservice (AAF), which is targeted at increasing the penetration of aseptic packaging in the foodservice industry. AAF will combine advanced aseptic technologies in food packaging, particularly bottles and brick carton packaging where size and structural limitations confine penetration of aseptic solutions.
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Major stakeholders in the brick carton packaging market such as Tetra Pak and EloPak offer aseptic packaging solutions in the brick carton packaging category. Recently, Uflex, a leader in flexible packaging has entered the aseptic liquid packaging market.
Analyze Unmet Consumer Requirement & Launch Customized Offerings – The Mantra for Market Players
The food & beverage industry, along with the packaging industry, is massively influenced by even subtle transformations in consumer lifestyle. The next decade is likely to be dominated by unprecedented emphasis on customized health and wellness products. While on-the-go packaging continues to trend, time-pressed consumers now have a holistic view of the convenience and health. In addition, unique and personalized brick carton packaging as per single or in-house usage is also gaining traction among the modern consumers. Acutely aware of these evolving consumer trends, beverage producers are introducing novel brick carton packaging solutions to win over the competition in the brick carton packaging market.
This section delivers a dashboard view of the leading stakeholders in the brick carton packaging market. The brick carton packaging market report includes a thorough analysis on the key product and business strategies of all the prominent market players. Few of the players identified in the brick carton packaging market report includes Tetra Pak International SA, Refresco Gerber B.V., Lami Packaging (Kunshan) Co., Ltd., Nippon Paper Industries Co. Ltd., Nampak Limited, SIG Combibloc Obeikan Company Limited, Mondi Limited, Polyoak Packaging Group (Pty) Ltd., Amcor Limited and Elopak S A.
Sustainability continues to be one of the key focus areas for brick carton packaging market players. For instance, Tetra Pak, a leading provider of brick carton packaging solutions has recently received the highest class of certification from Vinçotte, the world-recognized assessment body, for its brick carton packaging solution of Tetra Brik® Aseptic 1000 Edge with Bio-based LightCap™ 30 in the sustainable packaging category. In 2017, Elopak launched sustainable brick carton packaging solutions made from an unbleached board- Naturally Pure-Pak® for organic milk in Finland. Amcor, another leader in the brick carton packaging market received a Silver Award honor for its easy-opening, flexible PushPop® pouch for Mentos which has significantly reduced supply chain costs, improved packaging consistency and lowered its carbon footprints.
A robust research methodology followed during the course of the brick carton packaging market analysis is elaborately discussed in this section. The resources used to carry out primary and secondary research approaches are mentioned in the brick carton packaging market report. Also, cross-validations are given in this section to avoid future discrepancies related to the insights mentioned in the brick carton packaging market report.
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