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Hinge Lid Cartons Market - Global Industry Analysis, Size, Share, Growth, Trend and Forecast 2016 - 2024

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Hinge lid cartons Market: Introduction

Packaging plays a vital role regarding product differentiation, protection and hygienic control of the product. Among all the packaging types, cartons are one of the most important forms of packaging. Hinge lid cartons have an added advantage over other types of cartons owing to its properties such as elegant carton shape, high load bearing capacity and good appearance. These properties are expected to boost the demand for hinge lid cartons market in the near future.

Hinge lid cartons: Market Dynamics

Hinge lid cartons market is primarily driven on the backdrop of rampant growth of the global retail sector. Moreover, hinge lid cartons are used widely for retail ready packaging to provide protection during shipping and transportation. Furthermore, hinge lid cartons are being extensively preferred for tertiary packaging in case of food products. This is expected to impact positively the sales of hinge lid cartons supported by an increasing demand for ready to eat food globally. The rising need for hinge lid cartons particularly to store and transport medicines and medical devices safely in the healthcare industry is expected to drive the global hinge lid cartons market over the forecast period. In addition to this, hinge lid cartons also used for packaging consumer and personal care products which can play an important role in enhancing its demand in the next decade. Furthermore, a mounting demand for jewelry packaging is also one important factor which is expected to stimulate the growth of this market. Increasing adoption of hinge lid cartons for tobacco packaging especially for cigarettes is expected to fuel the demand of hinge lid cartons during the forecast period. It has been noticed that the consumption of alcohol is increasing gradually which in turn is accelerating the growth of hinge lid cartons market. However, the regulatory landscape which encourages banning of alcohols and tobacco in some places can hinder the growth of hinge lid cartons market over the stipulated period.

 Hinge lid cartons: Market Segmentation

The global hinge lid cartons market is segmented on the basis of material, feature, and application

Based on the material type, the global hinge lid cartons market is segmented into:

  • Paper
  • Plastic
  • Wood

Then the paper segment is also sub-segmented into:

  • Corrugated board
  • Paper board
  • Art paper
  • Coated paper
  • Kraft paper

Based on the feature, the global hinge lid cartons market is segmented into:

  • Recyclable
  • Handmade
  • Bio- degradable
  • Disposable

Based on the application, the global hinge lid cartons market is segmented into:

  • Food
  • Electronics & Semiconductor
  • Jewelry
  • Consumer goods
  • Liquor
  • Healthcare

Among all the application segments, food is the major segment which creates maximum opportunity for hinge lid cartons over the forecast period 

Hinge lid cartons Market: Regional Outlook

In terms of geography, the global hinge lid cartons market has been divided into five key regions including North America, Latin America, Europe, Asia-Pacific and the Middle East & Africa. Asia-Pacific region is expected to be the fastest-growing region during the forecast period with rising demand from developing countries such as China, India and Indonesia. Furthermore, these countries are witnessing an impressive growth in food & beverages and pharmaceutical industry. Increasing adoption of hinge lid cartons from packaging companies in Europe and North America is expected to fuel the demand for the product in this developed cluster of the globe. Moreover, the MEA region is expected to witness a steady growth rate by the end of 2024.

Hinge lid cartons Market: Key players

Some of the key players in the global hinge lid cartons market are Amcor Limited, AR Packaging Group AB, Custom Cartons, ITC Limited, AR Cartoon, Coast Packaging Company, Cedar Packaging, Dart, Inno- Pak LLC etc. 

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, product type material type, feature, and application. 

The Report covers exhaust Analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends /Issues/Challenges
  • Competition & Companies involved
  • Technology 

Regional Analysis includes: 

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa 

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Report Highlights: 

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint
     

The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape. 

The study is a source of reliable data on:

  • Key market segments and sub-segments
  • Evolving market trends and dynamics
  • Changing supply and demand scenarios
  • Quantifying market opportunities through market sizing and market forecasting
  • Tracking current trends/opportunities/challenges
  • Competitive insights
  • Opportunity mapping in terms of technological breakthroughs 

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa) 


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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


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