Africa Folding Carton Market Emerging Trends, Business Opportunities, Growth Outlook, COVID-19 Impact and Insights By 2025

Latest released, the research study on Africa Folding Carton Market Report Forecast 2021 - 2026, offers a detailed overview of the factors influencing the global business scope. Africa Folding Carton Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Africa Folding Carton. The study covers emerging player's data, including competitive landscape, sales, revenue and global market share of top manufacturers are:

The Africa Folding Carton Market is expected to grow at a CAGR of 4.70% during forecast period (2021-2026).

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Industry Updates:

 September 2019: Shave & Gibson Packaging launched a new brand called Earthpak. The main objective of this company is to replace plastic, polystyrene, and metal food trays and cartons with this product. Moreover, Earthpak bins and containers are constructed from cardboard-based materials, which also offers the safety and security of the food products.

Market Overview:

Africa's Folding carton market is one of the fastest-growing markets in the packaging industry. Folding cartons mostly used in different end-user industries due to its eco-friendly packaging solutions and its ability to produce many sizes in smaller footprints.

- Food and Tobacco industries provide 81% of the net sales of the Folding carton for this region. Hence, most of the major vendors in this market are following rapid acquisition strategy to penetrate in this untapped market. For instance, In 2019, AR Packaging Group AB had completed its acquisitions on Nampak Cartons to strengthen its offerings for Tobacco industries.
- Major vendors in this market are focusing on the recyclable folded cartons, which can reduce environmental wastes across the globe. For instance, in 2020, CTP Cartons and Labels launched environmentally friendly packaging solutions for its customers. Moreover, this product consists of cellulose windows that allow the product to remain visible, and its trays are suitable for an array of fruit and vegetable products.

South Africa Holds Major Market Share

- South African consumers are looking for packed foods which are more reliable and convenient. The growing demand for eco-friendly packaging solutions is fueling the growth of the folding carton packaging market in the country. Moreover, the increasing consumption of wheat and other grains in this country will increase the demand for folded carton packaging.
- The rapid growth of the E-commerce and Pharmaceutical industry is rapidly growing in this region. For instance, AR packaging's folded carton products mostly used in the Personal care and Ecommerce industry due to its creative, constructional design. Moreover, increasing the import of Folded carton products in this region is fuelling the growth of this market. For instance, the imported value from China to this country is increased by 15% from its previous year 2018.

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