Rising Consumer Preference for Packaging That Prolongs Shelf Life of Products to Surge Demand for Gable Top Containers: Fact.MR Report
Published : 29 Nov 2021 Industry: Consumer Goods
According to a recent report by Fact.MR, a market research and competitive intelligence provider, demand for gable top containers is projected to surpass a valuation of US$ 3.2 Bn in 2021, and rise at a CAGR of around 3.2% through 2031.
Increasing use of 'active packaging' approaches that allow end users to control and sense the packaging environment has been a recent trend among manufacturers. Use of active packaging techniques aids in the preservation of microbiological buildup in the packaged content. Manufacturers are progressively incorporating active packaging techniques that sense and communicate changes in the packaging environment, as the requirement for checking and controlling the temperature of packaged beverages grows. This, in turn, is expected to boost demand for gable top containers that protect ingredients from contact with the outer environment and curb any bacterial growth.
Regulations imposed by governments across countries will continue to drive demand for gable top cartons in the global market. Government laws are imposing even more pressure on manufacturers to design packaging that meets environmental sustainability goals. Because of these advantages, gable top carton usage continues to be high in the global market.
To develop better products, manufacturers are increasingly incorporating cutting-edge technology that protects against contamination and extreme temperatures. Furthermore, growing desire to develop recyclable packaging materials is projected to have an impact on the global market for gable top liquid containers. This packaging can be composted because gable top liquid containers are made of high-quality long fibres.
Key Takeaways from Market Study
- The North America market is estimated to register a value of US$ 1.14 Bn by 2031.
- The European market is estimated to witnessing a CAGR of 2.7% over the forecast period of 2021 to 2031.
- The market for gable top containers is segmented based closure type, where screw caps account for 75% share.
- The food and beverage industry accounts for 42% market share.
“As the need for packaging products grows, key players are turning their focus towards manufacturing environmentally friendly solutions. By 2031, major companies are anticipated to use various strategies such as new product development, marketing, and branding to increase their presence and build a big client base,” says a lead analyst at Fact.MR.
Who is Leading in This Space?
Consumers emphasize service and quality. As a result, companies are investing in the research & development of innovative, high-quality products. Furthermore, they are concentrating on using cutting-edge innovation that enables them to maintain high-quality standards.
Some of the leading companies offering gable top containers are Parksons Packaging Ltd., Rotopak Llc., Ital Pack Cartons Srl, Om Xpress Print Pack Private Limited, Indevco Paper Containers, Imperial Printing & Paper Box Mfg. Co., Adam Pack S.A., and Carton Box Manufacturer.
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Fact.MR, in its new offering, provides an unbiased analysis of the demand for Toothpaste tablets presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031.
The study divulges compelling insights on the demand for gable top containers based on material (Polyethylene (PE), Polypropylene (PP), Polyethylene terephthalate (PET), Paperboard, and Others), closure (screw caps, flip caps, and others), capacity (250 ml, 250-500 ml, 500-750 ml, and 750-1000 ml), and end-user base (food & beverages, paints & lubricants, pet food, and other industries), across key regions, namely, North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.
About the Consumer Goods Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations – the consumer goods team at Fact.MR helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the consumer goods industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
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Sr. Consultant – Consumer Products