The global sales litho laminated cartons market are estimated to be worth USD 8.9 billion in 2021 and are anticipated to reach a value of USD 14.1 billion by 2031. Sales are projected to rise at a CAGR of 4.8% over the forecast period between 2021 and 2031. The revenue generated by litho laminated cartons in 2020 was USD 8.5 billion.
The litho laminated cartons industry is showcased moderate demand driven by high quality and visually appealing packaging solutions across industries including food and beverage, consumer’s goods, and pharmaceutical. These cartons has excellent print quality, durability, and ability to provide a premium look and feel.
These properties are making them attractive for brands for enhancing product aesthetics. Thus, growing pressure on packaging aesthetics and branding is driving the demand for Litho laminated cartons. The superior print quality and visual appeal of litho laminated cartons make them ideal for premium products and high-end packaging, helping brands stand out on the shelf.
Global Litho Laminated Cartons Market Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 8.5 billion |
| Estimated Size, 2021 | USD 8.9 billion |
| Projected Size, 2031 | USD 14.1 billion |
| Value-based CAGR (2021 to 2031) | 4.8% |
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The litho laminated cartons are generally used as a secondary packaging solution in many industries. Litho laminated cartons are formed by joining two pieces of paper and cardboard, one printed by lithographic printing technology and the other acts as a back liner.
The two sheets often have a fluted medium between them to ensure enhanced protection to packaged contents. These are a lightweight, efficient and attractive alternative to traditional heavyweight folding cartons. As a result of the several benefits provided by the target product many industries like beverage, food, electrical and electronics among others are switching to litho laminated cartons for their secondary packaging needs.
The evolving e-commerce industry is playing a major role in the expansion of the litho laminated cartons market. The sheer volume of products being shipped in the global e-commerce market daily is consistently on the rise.
Litho laminated cartons are the preferred choice of the manufacturers in the industry as they are not only light in weight but are also comparatively economical than the traditional heavy cartons. The high packaging demand generated by the e-commerce industry is projected to bolster the market growth for litho laminated cartons across the globe.
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With constant technological advancements, the electronics industry is growing at a steady pace. The innovation in the electronics industry has increased the dependency of humans on technology. Due to the convenience and comfort offered by the equipment and gadgets the demand for these items is always elevated in the market.
Many of the electronic products are packaged in litho laminated cartons as they tend to be less bulky, comparatively economical and provide necessary protection to the contents. On the back of the rising electronics industry, the litho laminated cartons market is anticipated to experience elevated demand during the foreseeable future.
The litho laminated cartons are technically sustainable and can be reused and recycled as well, but the majority of them end up in waste dump sites. This contributing to the waste generation and accumulation problem which is a cause of concern.
The increasing waste amount of waste might restraint the growth of the target market. Furthermore, the widely available and comparatively economical alternatives are contributing to slowing down the growth of litho laminated cartons in the market.
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Key global players such as
are in the litho laminated cartons market.
In the Asian region, players like
are actively involved in the litho laminated cartons market.
Key players in the litho laminated cartons market are focused on the expansion of their product portfolio and production capacities to capture maximum market share. Mergers, acquisitions, product launches are some of the strategies adopted by the key players.
For instance, in July 2021, Graphic Packaging International announced the completion of the acquisition of Americraft Carton Inc.
The litho laminated cartons market is highly competitive because of presence of many regional players. In order to stand out in this highly competitive market the manufacturers need to launch innovative and customized litho laminated cartons. Manufacturers can offer innovative products like cartons with PVC window, tuck top snap bottom and UV spot to gain maximum market share.
The Indian government is making consistent efforts to attract more global manufacturers in the electronics industry to set up their plants in India. This has resulted in key players in the electronic devices market like Samsung Electronics, OnePlus Technology Co., Ltd. among many other to start new production plants in the country.
With the increasing number of manufacturers, India is anticipated to generate significant demand for the litho laminated cartons market.
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Litho Laminated Cartons Market
