Global brick carton packaging market expected to reach US$ 11 Bn by 2028-Market Report
According to the Fact.MR’s new study, global demand of brick carton packaging to surpass 4,000,000 tonnes by 2028-end, reaching nearly US$ 11 billion in revenues.
With the rising demand for longer shelf life and safety among consumers, packaging manufacturers are introducing packaging solutions with a range of materials, thickness and packaging structure. As per the market report, 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.
The market growth is being driven by several factors such as evolving lifestyle and rapid urbanisation.