According to a recently published report by Research Nester on “Crash Lock Bottom Cartons Market: Global Demand Analysis & Opportunity Outlook 2027” delivers the detailed overview of the global crash lock bottom cartons market in terms of market segmentation by box type, by application, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global crash lock bottom cartons market is segmented on the basis of box type, application, end user and region. On the basis of end user, it is sub-segmented into food, cosmetic, homecare, stationery, pharmaceutical industry and others, out of which, the food industry segment is anticipated to hold the leading market share owing to growing demand for food around the globe. Rising population and rapid urbanization is increasing the demand for food, which in turn is expected to fuel the growth of the market in upcoming years. The crash lock bottom cartons market is anticipated to grow at a notable CAGR over the forecast period i.e. 2019-2027.
Growing concern for environment safety is shifting customers to choose for sustainable packaging. Additionally, growing stringent rules and regulations regarding the use of renewable resources due to the rapid depletion of fossil fuels or non-renewable resources is expected to support the growth of the market. Moreover, changing trend towards size, shape and easy handling of products is creating significant opportunities in global crash lock bottom carton market. These factors are significantly supporting the growth of the market.
By region, the global crash lock bottom cartons market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, North America is anticipated to hold the largest market share owing to the presence of largest market for consumer goods such as furniture, foods and beverages and FMCG products in the region. Further, the market in Asia Pacific is expected expand at a robust growth rate on the back of growing industrialization and rising population among emerging countries in the region.
Growing Usage of Sustainable Resources to Augment the Market Growth
Growing concern for environment coupled with stringent government rules and regulations to attain the same is shifting customers and industries to choose sustainable resources for packing their products. Additionally, growing demand for packaging with increased shelf life is expected to boost the growth of the market in upcoming years
However, the use of adhesive tape for locking the surface of the carton that is creating difficulties in recycling is expected to hamper the growth of the crash lock bottom carton market.
This report also provides the existing competitive scenario of some of the key players of the global crash lock bottom cartons market which includes company profiling of key companies such as Landor Cartons Limited, Northwest Packaging, Dodhia Packaging Ltd., Atlas Packaging Ltd., Pringraf srl, GWP Packaging, Jem Packaging, Aylesbury Box Company, Affinity Packaging and Midland Regional Printers Ltd. The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global crash lock bottom cartons market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.