Open Top Cartons Market size was over USD 10.04 billion in 2024 and is poised to exceed USD 19.89 billion by 2037, growing at over 5.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of open top cartons is evaluated at USD 10.5 billion.
Rapid industrialization in the developing nations such as China, India, Brazil and others contributes in the increased demand for open top cartons. These trends are expected to remain the same over the forecast period thereby, providing open top cartons market opportunities to grow.
Moreover, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ Freight Transportation Services Index (TSI), freight shipments rose 6.1 percent from November 2016 through the early months of 2018.
Increasing number of shipments owing to increasing influence of e-commerce and online sales will further drive the market growth over the forecast period.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
5.4% |
Base Year Market Size (2024) |
USD 10.04 billion |
Forecast Year Market Size (2037) |
USD 19.89 billion |
Regional Scope |
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The market is segmented by material type into paperboard and corrugated segments. Increasing demand for corrugated cartons owing to its usage in heavy-duty goods storage and transits coupled with the benefits of cover type product segment such as ease of handling, providing additional safety and others, makes them an appealing choice for packaging and these factors are expected to boost the market growth for open top cartons market.
Our in-depth analysis of the global market includes the following segments
By Material Type |
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By Product Type |
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By Application |
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On the basis of regional analysis, the global open top cartons market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
North America industry is expected to hold largest revenue share by 2037, impelled by its large number of open-top carton production plants and increasing demand for consumer goods and electronics. Asia-Pacific region is expected to have the largest share over the forecast period to the back of the presence of the two largest developing nations India and China. The region is undergoing rapid industrialization and urbanization which will help it in holding the market share. Latin America and Middle East are expected to show steady growth owing to sluggish technology.
Author Credits: Abhishek Anil
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