Online Retail Portals are Gaining Popularity in Europe
Key manufacturers in Europe incurred huge losses due to the pandemic, with the shutting down of several stores in 2020. Europe is home to many fashion capitals that have streets full of retail outlets. The stores suffered the blow of the pandemic due to non-existent footfall in the first half of the year.However, due to the widespread adoption of e-commerce by traditional stores, the manufacturers witnessed a steady recovery in terms of sales and production. Many stores have also reopened with keeping in-store health and safety measures in check and are experiencing average footfall.
As consumers are getting comfortable with online retail portals, the retail industry is witnessing a gradual recovery with prospects for expansion in the future.
The global 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.
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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.
While manufacturers thrive to deliver the premium packaging solutions, packaging thickness remains one of the crucial aspects of packaging, which is prominently influenced by the rate of adoption among consumers. As consumers seek less rigid and more flexible packaging, the report has identified that 240-260 μm thickness type segment is the most attractive segment presenting rapid expansion at a CAGR of 4.4% during the forecast period.
Packaging structure is another factor identified in the report, which is prominently influenced by the preferences of customer and end consumers. Growing popularity of six layered packaging solutions across multiple industries has been identified to propel the sales volume of 5-7 layers over 2,000,000 tonnes by capturing almost 50% of total market share through 2028. In addition, less than 5 layers segment is projected to report a 1.5x rapid expansion during the assessment period.
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Additional Questions Answered
Apart from the aforementioned insights, the brick carton packaging market report discusses more such interesting market facets in the brick carton packaging landscape.
- Which factors are expected to contribute to the leading demand for brick cartons in the APEJ brick carton packaging market?
- How will the ongoing sustainability trend influence the material types used in the brick carton packaging market?
- In the brick carton packaging market, how does the demand for brick carton packaging in different types of food and beverage differ?
- What are the key innovations introduced by manufacturers in the brick carton packaging market?
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The increasing popularity of flexible packaging and preference for single-serve pouches is likely to confine the adoption of rigid or semi-rigid packaging such as brick carton packaging in the coming years. However, stakeholders in the brick carton packaging market are engaged in adopting advanced packaging equipment and printing technology and introducing novel packaging solutions. Amcor has recently introduced the Sunshine print effect in its folding cartons to deliver a premium brand look.
The unique print technology are used is cost effective and delivers design flexibility. SIG has recently initiated a partnership with Zapper, one of the world’s leading developers and providers of augmented reality (AR) to increase interaction and engagement with brand’s carton packs. Elopak has recently launched Arla Food’s Natural Brown Board cartons with effective printing and sustainable packaging.
Key Players
- 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.
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/06/21/1872418/0/en/Introduction-of-Engineered-Plastic-Projected-to-Bolster-Sales-of-Plastic-Furniture-details-Fact-MR-study.html
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