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.
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.
| Estimated Size, 2024 | USD 491.9 million |
|---|---|
| Projected Size, 2034 | USD 635.8 million |
| Value-based CAGR (2024 to 2034) | 2.6% |
| Estimated Size, 2021 | USD 2.5 billion |
|---|---|
| Projected Size, 2031 | USD 4.0 billion |
| Value-based CAGR (2021 to 2031) | 4.7% |
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Multi-pack Carriers Market
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