Brick Carton Packaging Market to Record Revenues to Reach US$ 11 Bn by 2028

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.

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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.

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.

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.

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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.