Future Market Insights
In recent years, food and beverage packaging has been a major business segment in packaging industry. As a result of this demand for various packaging solutions for beverage are getting popularity. Similar such beverage packaging segment is aseptic packaging technology which have seen a tremendous growth in recent years. Due to convenience, tetrahedron carton for aseptic packaging have come into presence with a good success rates in terms of volume for beverage packaging. Tetrahedron carton contains several layers of packaging material which protects the product from various problems such as decaying of product, contamination, light, etc. and increases the shelf life of the product to a certain extent. Tetrahedron carton are advance packaging solutions which helps the product to sustain for several months without refrigeration. Due to all these above features, the market for tetrahedron carton is expected to witness significant growth over the forecast period 2017-2027.
Global Tetrahedron Carton - Market Dynamics:
Growing demand from food industry during the forecast period and rising awareness about ready-to-eat processed foods without preservatives is expected to increase the demand for tetrahedron carton in next few years. Developing countries constitute the maximum rise in demand for such products while developed countries are already benefiting from these products from the last few years. Tetrahedron carton also offers manufacturers the freedom to produce different décor, shapes, and sizes of packages, thereby attracting the end use customers for their products not just nutritionally but aesthetically as well. Tetrahedron carton are an excellent substitute for these traditional products; as these (tetrahedron carton packages) not only impart extra shelf-life to the product, but are also environmentally safer as compared to PET and glass bottles used for packaging. Presently, the market for tetrahedron carton is highly polarized due to the uniqueness of the product supplied by the existing few manufacturers. Any new company planning to venture into tetrahedron carton market would require to focus on value addition through product differentiation. Economies of scale would be another key challenge for a company to remain competitive in the market for tetrahedron carton.
Global Tetrahedron Carton - Market Segmentation:
The global tetrahedron carton market can be segmented by the material type, by capacity, and by end user base.
On the basis of material type, the global tetrahedron carton market is segmented into:
Ethyl Vinyl Alcohol (EVOH)
On the basis of capacity, the global tetrahedron carton market is segmented into:
50 ml to 150 ml
150 ml to 250 ml
250 ml to 500 ml
500 ml & Above
On the basis of end user base, the global tetrahedron carton market is segmented into:
Food & Beverages
Global Tetrahedron Carton – Regional Overview:
The global tetrahedron carton market can be divided into seven major regions which are as follows:
Asia-Pacific excluding Japan
Middle East & Africa
The market for tetrahedron carton is expected to be dominate by North America in terms of volume due to high demand for aseptic packaging for beverage industry in these region. Europe region would also expect to witness a higher growth for tetrahedron carton market over the forecast period 2017-2025. The market in Asia-Pacific region for tetrahedron carton is expected to have the highest growth due to the expansion of food and beverage industry in these regions. Furthermore, Latin America and the Middle East & Africa region are expected to witness relatively slower growth over the forecast period for tetrahedron carton market.
Global Tetrahedron Carton– Key players:
Few of the key players in the tetrahedron carton market are Tetra Pak International S.A., Sig Holding AG, Greatview Aseptic Packaging Co., Ltd., Elopak AS, Molopak Ooo, IPI srl; a subsidiary of Coesia S.p.A., Uflex Ltd, Caraustar Industries, Inc., etc.
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