Research Nester released a report titled “Crash Lock Bottom Cartons Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global crash lock bottom cartons market in terms of market segmentation by box type, by application, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The crash lock bottom cartons market is anticipated to grow at noteworthy CAGR during the forecast period, i.e., 2019-2027 as a result of increasing demand for environment friendly cartons. Increased usage of paperboard and cardboard materials in various industries including transportation, FMCG, cosmetics and pharmaceuticals is estimated to result in a larger demand for safer and easy-to-use cartons.
Crash lock bottom cartons are designed in a way that makes it easier for users to lock the boxes and protect the goods stored in them from spoilage. The light weight and cheaper costs of these cartons are also responsible for the rising demand for crash lock bottom cartons in the market.
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Geographically, the market in North America is anticipated to hold the largest share in crash lock bottom cartons market on account of vast presence of various consumer goods producing industries such as furniture, food and beverages that need to be transported in a safe manner. The technological advancements and increasing businesses across the region, mainly in the US, is another factor boosting the growth of this market.
Additionally, the market in Asia-Pacific region is estimated to grow at the fastest rate during the forecast period. This can be attributed to the expanding medium and small enterprise sector and growing industrialization in the region. Rising population in countries such as China and India is another factor propelling the growth of the market.
Increasing Demand for Sustainable Packaging Products To Expand The Market
Easy availability of substitute products such as shrink wrap film and other polymers which are cheaper combined with the difficulty while recycling cartons wrapped with plastic adhesive tapes is estimated to negatively affect the growth of the market.
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