Global Multi Pack Carriers Market Size By End Use (Alcoholic Beverages, Non-Alcoholic Beverages), By Product Type (Baskets, Trays), By Material-Type (Paper & Paperboard, Plastic), By Geographic Scope And Forecast

Multi Pack Carriers Market Size And Forecast

Multi Pack Carriers Market size was valued at USD 1.35 Billion in 2019 and is projected to reach USD 1.90 Billion by 2027, growing at a CAGR of 4.7% from 2020 to 2027.

Multi-Pack carriers are an efficient way of strategically increasing total sales and customizing carrier designs, shapes and materials are vital in attracting new consumers these days. The Global Multi Pack Carriers Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Multi Pack Carriers Market Definition

The past decade has witnessed a drastic alteration in the retail business structure; the combination of expanding per capita spending and urbanization is largely credited for this. For the scope of this report, multi-pack carriers are defined as packaging solutions that are used to group several containers together and can come in several forms, sizes, and materials. For the purpose of this report, the scope of multi-pack carriers is considered for the beverage industry. Types of multi-pack carriers that have been taken into account in this report include the followingcarriersrim-applied carriers and open cartons.

With more and more people buying things, retail companies are taking the lead in finding ways to keep up with demand and use resources wisely. One area that's really taking off is new and creative packaging solutions. Good packaging doesn't just save money; it can also give businesses an edge when it comes to attracting new customers. For drink companies, beverage carriers are a big part of their packaging strategy. These new designs are catching the eye of customers. Since regularly updating beverage packaging – especially for multi-pack bundles – has proven to be a smart move, companies in the beverage industry are showing a lot more interest in those beverage carriers.

Global Multi Pack Carriers Market Overview

Multi-Pack carriers are an efficient way of strategically increasing total sales and customizing carrier designs, shapes and materials are vital in attracting new consumers these days. Multi-Pack carriers are easily customizable and provide convenience in portability due to less storage space required and features such as handles. The market for multi-pack carriers is expected to witness growth during the forecast period, this predicted growth is a result of the increased sales of grouped products in comparison to single products as brands are more likely to offer discounts for grouped products and ease of customization for carriers.

Multi-pack carriers are easy to print on, making them look great and instantly recognizable! That's why beverage companies are increasingly choosing them. Did you know, according to WestRock Company, a whopping 75% of beverage buying decisions happen right there in the aisle, surrounded by choices? These advantages of multi-pack carriers are really boosting sales. Plus, with cities getting bigger all over the world, lifestyles are changing, which means more people want convenient beverage packaging and accessories like these carriers.

As cities grow, we're eating more on the move, which is boosting demand for easy-to-carry packaging. To save money, many companies are using multi-pack carriers, making them even more appealing. Especially in the beverage world, everyone's trying to win you over with attractive and convenient packaging. With so many options out there, packaging is really helping different markets thrive. Nowadays, packaging isn't just about keeping things safe; it's so much more!

These days, brand owners are really paying attention to how their products are secondarily packaged. It's not just about keeping the primary packaging and goods safe inside! Think of it as a way to grab your attention and make the brand stick in your mind. In a store packed with choices, good secondary packaging can really make a product stand out. However, the market for things like multi-pack carriers isn't growing as fast as it could be, mainly because of those tough new rules about single-use plastics. Lots of places, like China, India, and even some parts of the United States, have banned them outright. So, yeah, these plastic rules are expected to slow things down a bit.

Global Multi Pack Carriers MarketSegmentation Analysis

The Global Multi Pack Carriers Market is segmented on the basis of End Use, Product Type, Material-Type, and Geography.

Multi Pack Carriers Market, By End Use

• Alcoholic Beverages• Non-Alcoholic Beverages

Based on the End Use, The Global Multi Pack Carriers Market has been segmented into Alcoholic Beverages and Non-Alcoholic Beverages. Alcoholic Beverages accounted for the largest market share in 2019. The growth for multi-pack carriers for alcoholic beverages is driven by the consumer demand for premium/super-premium products. This shift in consumer behavior and demographic (increase in the young-adult demographic) coupled with the increase in the spending power, is leading to the growth of this segment.

Multi Pack Carriers Market, By Product Type

• Baskets• Trays• Others

To Get Summarized Market Report By Product Type-

Based on Product Type, The market is bifurcated into Baskets, Trays, and Others. Baskets accounted for the largest market share in 2019. Baskets are made from cardboard or solid board with a handle at the top to safely carry between two and six bottles. The baskets not only offer a high visual impact on the shelf but also provide consumer convenience during the transportation of multiple bottles from store to home.

Multi Pack Carriers Market, By Material-Type

• Paper & Paperboard• Plastic

When we're talking about what these multi-pack carriers are made of, we're looking at two main categoriesPaper & Paperboard (think Coated Unbleached Kraft Paperboard and Bleached Kraft Paperboard) and Plastic (Polyethylene, Polypropylene, and more). Back in 2019, good old Paper & Paperboard was the big winner. Why? Well, it's a super green option—made from renewable stuff and totally recyclable. Plus, it lets you see the bottles, cans, and labels really well, whether they're on a shelf or a pallet. That makes it easier for shoppers to spot their favorite brands. You'll find Paper & Paperboard packaging for food and drinks all over the place—supermarkets, local markets, and even your regular retail stores.

Multi Pack Carriers Market, By Geography

• North America• Europe• Asia Pacific• Rest of the World

To Get Summarized Market Report By Geography-

Okay, so when we look at where in the world Multi Pack Carriers are popular, we can break it down by geographyNorth America, Europe, Asia Pacific, and then basically everywhere else (we'll call that "Rest of the World"). Now, North America was really leading the pack back in 2019. They've got a ton of potential, you see, with their awesome packaging systems and really cool machines, like ones with robotics loading units! Plus, they're really into adopting advanced technology, especially completely automatic machine designs, and that's really helping the market grow. What's more, people's lifestyles are changing, their incomes are going up, and they want all sorts of different things – so businesses need Multi Pack Carriers to keep up with that demand!

Key Players

The “Global Multi Pack Carriers Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Smurfit Kappa Group plc, WestRock Company, Graphic Packaging International, LLC, Fishbone Packaging Inc., Berry bpi, Canada Kegs & Packaging, ProMach, and Wynalda Carriers.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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We'll dive into the market with both qualitative (think feel) and quantitative (think numbers) analysis, breaking things down based on what makes people tick – not just money. You'll get market value figures (in USD Billion!) for every single slice and dice of the market. We'll pinpoint the region and segment set to explode with growth and dominate the scene. Expect a geographic breakdown, showing product/service consumption and the real-world factors impacting each region. We'll map out the competitive battlefield, ranking the top players and highlighting their new stuff, partnerships, expansions, and deals from the last five years. Plus, you’ll get deep-dive company profiles with overviews, insights, product comparisons, and SWOT analyses for the big guys. We'll give you the current and future scoop on the industry, covering growth opportunities, what's driving things forward, and the hurdles in both new and established markets. We’ll also take a hard look at the market from all angles using Porter's five forces model.

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