The multi-pack carriers market is likely to register a CAGR of 4.7% during the forecast period and is anticipated to reach a market share of USD 2.45 Billion in 2032, from USD 1.55 Billion in 2022.
As a result of urbanization, there is a growing tendency for on-the-go food consumption, which is pushing the multi-pack carriers market. The use of multi-pack carriers frequently decreases the cost of packing the items, which has a substantial influence on the manufacturer's interest in adopting these multi-pack carrier options.
| Attributes | Details |
|---|---|
| Multi-pack Carriers Market (CAGR) | 4.7% |
| Multi-pack Carriers Market (2022) | USD 1.55 Billion |
| Multi-pack Carriers Market (2032) | USD 2.45 Billion |
Multi-pack carriers are an efficient way of strategically increasing total sales of multi-pack carriers, as several product units are clubbed together and packed.
Packaging plays a vital role in attracting consumers, hence escalating demand for multi-pack carriers, which is achieved by customizing the packaging products as per the end-user's need, which also rockets the sales of multi-pack carriers.
Strategically positioning the product on the shelf or pallet display along with multi-pack carriers installed would enhance the product's sales and the total sales of multi-pack carriers as well. Multi-pack carriers are easily customizable and provide convenience in portability due to the presence of handles.
The multi-pack carriers are used for both cans as well as bottles on which they fit comfortably. There is a demand for multi-pack carriers as it helps in reducing the storage space required.
Multi-pack carriers are the best way in mobile advertising a product to increase sales of multi-pack carriers, due to the ease of printability option provided by the multi-pack carrier manufacturers.
In today’s world, what attracts the eyes also drives the sales of multi-pack carriers, and multi-pack carriers can play a massive role in boosting product sales of multi-pack carriers.
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Multi-pack carriers market is expected to witness growth due to the increased sales of multi-pack carriers compared to the single bottles or cans sold.
When products are clubbed and the brands offer an optimum discount, a significant hike in the sales of multi-pack carriers is observed. Ease of printability in multi-pack carriers; make the product visually enticing and easily recognizable.
The products that catch the consumers' eye eventually end up being bought, which improves the overall sales of multi-pack carriers and clears the old stocks.
According to WestRock Company, 75% of beverage purchase decisions are made by the consumers at the aisle amidst the various options available. The benefits of multi-pack carriers in improving the overall sales of multi-pack carriers would drive their multi-pack carriers' market demand.
The multi-pack carrier reduces the cost of packaging the product, which is one of the significant factors that impact its multi-pack carriers' market growth. The cost saved can be utilized in marketing the product in the multi-pack carriers market, which would lead to increased sales of multi-pack carriers, eventually benefitting the company.
Upper-middle-class consumers tend to buy more of such multi-pack carriers as convenience is a more important factor than cost.
Due to such elements, the multi-pack carriers would witness an upright growth in the forecast period. The inclination of consumers towards sustainable packaging solutions would increase the demand for paper-based multi-pack carriers.
Multi-pack carriers’ market demand is likely to grow in the North American region due to the increased consumption of beverages per capita, followed by Europe.
In the coming future, multi-pack carriers would witness upright growth in the global multi-pack carriers market due to urbanization in developing countries, and their capability to attract a large number of customers would contribute to their increase in demand for multi-pack carriers.
Principal Consultant
The key players in the multi-pack carriers market are Smurfit Kappa Group plc, WestRock Company, Graphic Packaging International, LLC, Fishbone Packaging Inc., British Polythene Limited, Grip-Pak, Wynalda Packaging, and Canada Kegs & Packaging.
| Report Attribute | Details |
|---|---|
| Growth rate | CAGR of 4.7% from 2022 to 2030 |
| The base year for estimation | 2021 |
| Historical data | 2015 to 2020 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments Covered | Product type, end-use, material type, region |
| Regional scope | North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia; Australia; and New Zealand |
| Country scope | USA, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, United Arab Emirates, Iran, South Africa |
| Key companies profiled | Smurfit Kappa Group plc; WestRock Company; Graphic Packaging International; LLC; Fishbone Packaging Inc.; British Polythene Limited; Grip-Pak; Wynalda Packaging; and Canada Kegs & Packaging. |
| Customization scope | Free report customization (equivalent to up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
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The multi-pack carriers market is anticipated to register a CAGR of 4.7% during the forecast period.
The multi-pack carriers' market share is anticipated to reach USD 2.24 Billion by 2030.
Demand for multi-pack carriers is likely to rise, as effective packaging solutions not only give a financial benefit, but they may also provide a competitive advantage in recruiting new customers.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2015 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Material 5.1. Plastic 5.2. Paper & Paperboard 5.3. Metal 6. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Application 6.1. Bottles 6.2. Cans 7. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Capacity 7.1. 4 Pack 7.2. 6 Pack 7.3. 8 Pack 7.4. More than 8 Pack 8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia 8.6. Oceania 8.7. Middle East and Africa (Middle East and Africa) 9. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country 12. East Asia Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country 13. South Asia Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country 14. Oceania Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country 15. Middle East & Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country 16. Country-wise Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Smurfit Kappa Group plc 18.2. WestRock Company 18.3. Graphic Packaging International, LLC 18.4. Fishbone Packaging Inc. 18.5. Wynalda Packaging 18.6. Roberts PolyPro 18.7. Berry Global Group 18.8. Bhalla International 18.9. RATTPACK 18.10. SCHEFFAUER HOLZWAREN GESELLSCHAFT M.B.H. 18.11. Kartell 18.12. Dreamfly Packaging Co., Ltd 19. Assumptions and Acronyms Used 20. Research Methodology
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Multi-pack Carriers Market
