Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 13.14 Billion | USD 20.21 Billion | 4.9% | 2023 |
According to the report published by Zion Market Research, the global Carded Packaging market was valued at USD 13.14 Billion in 2023 and is predicted to reach USD 20.21 Billion by the end of 2032. The market is expected to grow with a CAGR of 4.9% during the forecast period. The report analyzes the global Carded Packaging Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Carded Packaging market.
In the carded packaging, a stiff paperboard card is used against which the product is held and is packed with the help of pre-formed plastic blister that is fixed to the paperboard. The blister cards are usually enclosed with a special coating so that it is heat-sealed to the card. In the carded packaging the number of materials that are used is minimal, but the look of the packaging is not compromised.
The global carded packaging market is fragmented into product types and applications.
Based on the product type, the global market is segregated into PVC and plastic.
Based on the applications, the market is categorized into pharmaceutical, toys, games, consumer goods, food, candy, confectionery, snacks, and industrial.
The factors that are driving the carded packaging market are increasing demand for packaging techniques, changes in the standard of living, and changes in consumer preferences, which will trigger the growth of the market. The key factors about the carded packaging that are proving beneficial for market growth are increased shelf life, easily noticeable tampering, and various other advantages over the rigid packaging that are contributing to market growth. There has been an increase in the rate of investments that are made by various organizations for the advanced materials to enhance packaging solutions, which is another factor that is contributing to market growth.
The development of the modern retail stores is propelling the market to grow. The changing preferences of the consumer and the increasing awareness about the advantages of the packaging also contribute to the market growth. The only factor that is limiting the market growth is its limited usage, i.e., it can be used for packing small quantity of goods and cannot be used for packing liquid items.
Report Attributes | Report Details |
---|---|
Report Name | Carded Packaging Market |
Market Size in 2023 | USD 13.14 Billion |
Market Forecast in 2032 | USD 20.21 Billion |
Growth Rate | CAGR of 4.9% |
Number of Pages | 214 |
Key Companies Covered | Ampac Packaging LLC, Oracle Packaging, Bemis Company, Inc., Constantia Flexibles International GmbH., Amcor Flexibles, Honeywell International Incorporated, Graphic Packaging Holding Company, Sonoco Products Company, and Bischof + Klein SE & Co. KG. |
Segments Covered | By product type, By applications and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Regional diversification of the carded packaging market is given as follows: Asia Pacific, Latin America, the Middle East & Africa, Western Europe, Eastern Europe, and North America. Due to the huge demand for innovative packaging materials from different verticals, North America is contributing a good share in the carded packaging market. In the country of the U.S. and Canada, there is a presence of large number of industries and several other FMCG industries, thus augmenting market growth in the North American region. The regions that are following North America are Western Europe, which is followed by Asia Pacific region and the Middle East & Africa. Market growth in the Latin American region will remain sluggish in the coming years.
The key market players that are involved in the carded packaging market include
By Product Type
By Applications
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