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What is the market size and growth rate of the Folding Cartons market?

09-16-2021 12:55 PM CET | IT, New Media & Software

Press release from: Transparency Market Research

global folding market

global folding market

The global folding market is increasingly competitive and fragmented. There are several players that operate in the market, some of the stalwart market players in the global folding market include AR Packaging Group AB. Huhtamaki Oyi, Sonoco Products Company, Westrock Company, and Sonoco Products Company. These players in the global folding cartons market are concentrating on improved products to gain their foothold in the competitive market.

The global folding cartons market is expected to grow at a CAGR of 4.7% during the forecast period 2017 to 2025. The estimated value of consumption is projected to be 29,036,000 tonnes by the end of 2025. The growth in the global folding market is likely to because of rising demand for packaged food and beverages.

On the basis of region, Asia Pacific is foreseen to rule in the global folding cartons market. The growth in Asia pacific is subject to rising trend of packaged food and beverages, especially in developing economies like China and India. On the basis of end users, the global folding carton market is segmented into cosmetics and personal care, food and beverages, institutional, healthcare, household, and electrical and electronics. However, of all these, the food and beverage segment is expected to hold a dominant share in the global folding cartons market during the forecast period.

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Changing Lifestyle is expected to Stimulate Growth in Global Folding Carton Market

With rapid urbanization and there’s an increasing shift in the standard of living. This calls for convenience food or packaged food. Thus, huge demand for folding cartons comes into place. Hence, the global folding cartons market is expected to grow at substantial rate during the forecast period. Rising technological advancements is also likely to provide growth in the global folding cartons market in the near future. Rising demand for cigarettes are expected to hit the global folding carton market positively.

Cosmetics and Personal Care Sector to Boost Demand in Global Folding Carton Market

Changing lifestyle and rising disposable income has led to increase in consumption of cosmetics and personal care products. This is expected to drive the global folding carton market in the upcoming years.

Additionally, launch of new products, rising consumer awareness is expected to proliferate the global folding market in the forthcoming years. Furthermore, rising research and investments in this field is projected to pave way for the expansion in the global folding market in approaching years. Moreover, the demand to cater to various types and sizes of cartons to provide impetus to the growth in the global folding market.

One thing that may acts as a restraint is rising price of wood pulp, this may dampen the global folding cartons market in the near future. Moreover, the prices of paper has been increasing exorbitantly for the last few years, this again may act as a deterrent in the global folding carton market.

Nonetheless, the market players are investing in introducing eco-friendly cartons, thereby focussing on tapping on potential consumers. Additionally, the healthcare sector and household sector may also create a huge demand for the recyclable and sustainable carton in the near future; Therefore, the global folding carton market is expected to witness an array of opportunities in the upcoming years.

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This review is based on the findings of a TMR report titled, “Folding Cartons Market (Structure Type – Straight Tuck End, Reverse Tuck End, Tuck Top Auto-Bottom, Tuck Top Snap-Lock Bottom, Full Seal End, and Double Glued Sidewall; Dimension Type – Less than 4 X 1.5 X 6 (Inch), 4 X 1.5 X 6 to 6 X 4 X 10 (Inch), 6 X 4 X 10 to 10 X 6 X 12 (Inch), 10 X 6 X 12 to 12 X 8 X 14 (Inch), and More than 12 X 8 X14 (Inch); End-use Industry Type – Food & Beverage (Frozen Food, Fresh Food, Bakery and Confectionery, Ready to Eat Meal, Baby food, Pet Food, Tobacco, Other Food, Beverage (Alcoholic Beverage and Non-alcoholic Beverage)), Cosmetic & Personal Care, Institutional, Healthcare, Household, and Electrical & Electronic; Received Order Type – Customized and Standard; Material Type- Paper (Folding Boxboard, Solid Unbleached Board, Solid Bleached Board, White Line Chipboard) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.”

The global folding carton market is segmented into:

Structure

Straight Tuck End
Reverse Tuck End
Tuck Top Auto-Bottom
Tuck Top Snap-Lock Bottom
Full Seal End
Double Glued Sidewall

Dimension

Less than 4 X 1.5 X 6 (Inch)
4 X 1.5 X 6 to 6 X 4 X 10 (Inch)
6 X 4 X 10 to 10 X 6 X 12 (Inch)
10 X 6 X 12 to 12 X 8 X 14 (Inch)
12 X 8 X14 (Inch)

End-use

Food & Beverage
Cosmetic & Personal Care
Institutional
Healthcare
Household
Electrical & Electronic

Received Order

Customized
Standard

Material

Paper

Geography

North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Russia
Rest of the Europe
Asia Pacific
China
Japan
India
Australia & New Zealand
Rest of Asia Pacific
Latin America (LATAM)
Brazil
Mexico
Rest of LATAM
Middle East & Africa
South Africa
Rest of MEA
GCC Countries

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About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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