Global Gable Top Packaging Market: Introduction
Food & beverage industry is witnessing a dynamic shift in its product packaging demand. Gable top packaging came into existence as an alternative to the traditional forms of packaging due to changing lifestyle patterns which has led to an up surge in the need for packaging that can keep the packaged product viable for a longer period of time. Gable top packaging also aids in the convenience of transportation and storage. Rising demand for aseptic packaging is also anticipated to fuel the growth of the global gable top packaging market, during the forecast period.
Global Gable Top Packaging Market: Dynamics
The global gable top packaging market is expected to grow on the backdrop of flourishing food & beverage industry. Gable top packaging aids in the efficient fulfilment of the branding strategies of the end use manufacturers. Other factors driving the growth of the global gable top packaging market includes the rising number of geriatric population, and increasing disposable income of the middle class population across key economies. Factor restraining the growth of the global gable top packaging market includes reluctance by local manufacturers in incorporating the gable top packaging due to its comparatively high cost. Also, stringent government regulations in certain regions regarding the use of plastics is also expected to hamper the growth of the global gable top packaging market. Use of bio based material is a key trend prevailing in the global gable top packaging market. Moreover, the use of gable top packaging for packaging formats other than cartons is expected to bring in ample opportunities of growth for the global gable top packaging market.
Global Gable Top Packaging Market: Regional Outlook
On the basis of geography, the global gable top packaging market is segmented into Latin America, North America, Asia Pacific, Middle East & Africa, and Europe. Asia Pacific is expected to emerge as a prominent region in the global gable top packaging market representing highest market revenue share. The growth of the Asia Pacific gable top packaging market can be attributed to an ever increasing food & beverages industry in the region. North America is expected to follow the Asia Pacific gable top packaging market due to the rising number of geriatric population in the region. Europe gable top packaging market is expected to witness moderate growth during the forecast period whereas Middle East & Africa is expected to witness sluggish growth due to under developed food & beverage sector.
Global Gable Top Packaging Market: Key Players
Some of the key players operating in the global gable top packaging market are Parksons Packaging Ltd., Carton Service Inc., Evergreen Packaging Inc., UNITED CAPS LUXEMBOURG S.A, Tetra Pak, International S.A., Elopak Inc., Silgan Plastic Closure Solutions, Closure Systems International, Inc., Berry Global, Inc., and O.Berk.
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