Mono cartons are packaging material that are extensively consumed for packaging purposes in a broad spectrum of end-use industries. Mono cartons are thin and light weight boxes, mainly prepared from cardboard and other such materials.These cartons are designed to carry a range of products including bottles, medicines, food products, cosmetic products, automobile parts, liquor, and many more products. The product has become an integral part of many industries, which is anticipated to escalate its demand over many years in future.
Mono cartons are easily customizable and facilitates convenience for its storage and usage. These cartons help reducing the weight of package due its light weight structure, and also provide a reasonable amount of strength to ensure security of the packaged products. It also comes in foldable form, which provide ample ease for its storage and shipment. It is cost effective in terms of production, distribution, and consumption, thus, is in high demand from end-use industries.
Fast moving consumable goods (FMCG) industry is the key consumer of mono cartons due to continuous storage and shipment of small sized products such as toothpaste, soap, biscuits, face cream, and many more. FMCG industry also uses printed cartons that are labeled with product specification as the primary packaging material. Growing FMCG industry on the account of increasing number of retail stores coupled with rising individual disposable income in developing economies is expected to fuel the demand for mono cartons over the foreseeable future.
Covid-19 positively influenced the demand for mono cartons mostly in the severely affected countries such as India. The demand was mainly driven by growing movers and packers business owing to the rapid movement of emigrants to their homes on the account prolonged work from home situation. According to Hyuma Mahadevia, the Executive Director in Yamir Packaging Pvt. Ltd, India’s carton market is anticipated to grow at a staggering CAGR of 8.0%, which is expected to add significantly to growth of the global market.
Mono cartons market involves high competition intensity owing to its growing demand coupled with presence of multiple players in the market. The market includes players such as Graphic Packaging International, International Paper, Unipak Inc., The Box Factory, Westrock Company, Astro Box Corporation, and others.
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