Global open top cartons market: Introduction
Open top cartons are cartons which are closed at one end, and these cartons don’t have flaps either at the top or the bottom. Open top cartons are extensively used for packaging and storing loads which are big and heavy. They help in easy installation of products without causing any serious damage to the products such as refrigerators, washing machines among others. For transit and storing purpose, open top cartons are ideal choice. Open top cartons find applications in counter display units, bins, and storage boxes. Open top cartons are a custom carton that can be provided with top covers, providing strength to the carton. Open top cartons are preferred medium of packaging as they possess high strength, durability, recyclability, and are cost effective. Open top cartons are mostly used for shipping of goods.
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Global open top cartons market: Dynamics
Growth of electronics and consumer goods increases demand of cartons all over the world. Rapid industrialization specifically in the emerging economies like China, India, and Brazil, is expected to increase the open top cartons market in this region. The fact that open top cartons come with cover, makes them an appealing option for storage and transportation purpose. This makes it appealing in applications where cover must be removed and replaced frequently. It provides safety to products and facilitates easy handling. Open top cartons are used as counter display units to display the products. It increases product appeal among the customers, which in turn, can fuel growth of the global open top cartons market. The global demand for electronic items such as refrigerators, washing machines, and other goods is expected to drive growth of the global open top cartons market. Open top cartons are available in various sizes which vary from small sized to be used as display units, storage boxes big enough to store refrigerators and other heavy goods, making it a fascinating choice. Open top cartons enable easy installation of goods, which has increased preference for open top cartons in the heavy goods market as a safe and efficient packaging solution. The factors which might hamper growth of open top cartons market is requirement for high investment for production unit. To recover the investment, units need to produce more volume, which is not promising due to tough competition. Hence, entrepreneurs may keep their hands away and are not easily willing to invest in the global open top cartons market. Wide range of packaging options available in rigid packaging might hamper rowth of the open top cartons market.
Global open top cartons market: Segmentation
Global open top cartons market can be segmented as follows:
On the basis of material type, the global open top cartons market can be segmented as:
- Corrugated materials
On the basis of product type, the global open top cartons market can be segmented as:
- With cover
- Without cover
On the basis of applications, the global open top cartons market can be segmented as:
- Consumer goods
- Counter display units
Global open top cartons market: Regional Outlook
Based on regions, the open top cartons market is segmented into seven regions namely:
- North America
- Western Europe
- Asia Pacific except Japan
- Eastern Europe
- Latin America
- Middle East and Africa
Overall the global open top cartons market is expected to witness moderate growth in the forecast period. North America, Western Europe, and Japan are anticipated to enjoy flourishing market. Due to rapid industrialization, open top cartons market in Asia Pacific countries including China and India are expected to grow at a high rate. MEA and Latin America are expected to witness steady growth due to inadequate technology. The open top cartons market is expected to enjoy substantial growth in the forecast period.
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Global open top cartons market: Key Players
Few of the key market players in the global open top cartons market are – Lazo Paper Pty. Ltd., B&B Box Company, Packaging Corporation of America, Safeway Packaging Pvt. Ltd., Smurfit Kappa Group, Peek Packaging Solutions Inc, R & R Corrugated Packaging Group, Shillington Box Company LLC, Mil-Spec Packaging of GA, Inc.