Press release
Folding Carton Packaging Market 2021 Explosive Factors of Revenue by Industry Statistics, Size, Demands, Trends, Opportunity, Share and Forecast To 2027 | WestRock, Bell, Graphic Packaging, Mayr Melnhof Packaging
During the projected period of 2021-2027, the "Folding Carton Packaging Market" research describes in-depth the demand and consumption of numerous products/services connected to market growth dynamics. In terms of quantity, a complete market assessment of the numerous opportunities in the market segment is made. The Folding Carton Packaging market is covered several areas, including constraints, problems, and opportunities, as well as geographical considerations. Customers will benefit from this study because it provides historical and statistically significant data, making it both helpful and instructional.In accordance with the Folding Carton Packaging market is set to grow at a CAGR of 4.9% over the forecast period (2021-2027).
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Market Overview
Folding carton packaging is one of the most used eco-friendly packaging solutions owing to its ability to be produced in many sizes with a small footprint, when compared to other bulkier packaging options, thus making it feasible for use in almost all end-user industries.
The growth in the folding carton packaging market is mainly due to the continued and increasing demand for frozen/chilled foods, dry foods, and cigarettes, especially in emerging economies. The demand for folding carton packaging from developed economies is expected to remain stable, during the forecast period.
Top Key players operating in the global Folding Carton Packaging market are:
WestRock, Bell, Graphic Packaging, Mayr Melnhof Packaging, Smurfit Kappa, Seaboard Folding Box, American Carton, Coburn Carton, Thoro Packaging, All Packaging, QuadPackaging
Recent Development:
WestRock has made Linkx Systems (Mar 2019), KapStone Paper and Packaging (Jan 2018), Box On-Demand (Dec 2017) acquisitions 0. The company has spent over $ 7.18B on the acquisitions. WestRock has invested in multiple sectors such as Packaging Tech, Logistics Tech and more.
Graphic Packaging has acquired 17 companies, including 10 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 1 asset. Graphic Packaging’s largest acquisition to date was in 2021 when it acquired AR Packaging Group AB for $1.5B. Graphic Packaging has been acquired in 9 different US states, and 6 countries. The Company’s most targeted sectors include packaging (100%).
Major Folding Carton Packaging Market Types covered are:
Standard Carton
Aseptic Carton
Major Folding Carton Packaging Market Applications covered are:
Food and Beverages
Pharma & Healthcare
Electronics
Cosmetics
Others
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China to Hold a Major Market Share
Chinese consumers are turning to packaged goods, which provides convenience, aesthetics, and lifestyle branding. This growing demand for packaged foods products is fueling the growth of the folding carton packaging market in the country. China is one of the largest sources of folding cartons, in both volume and value terms, because the country's low manufacturing costs offset the cost of shipping these products.
Moreover, the country is also leading the way to rise in online grocery shopping among Asian countries. This growth in online grocery shopping corresponds with the increased demand for convenience food and packaged food products, both of which add to the demand for folding cartons.
Regional Analysis of Global Folding Carton Packaging market:
The Folding Carton Packaging Market research gives an in-depth analysis of market growth and other factors in key nations (regions), including:
North America (the United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
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Table of Contents: Folding Carton Packaging Market
- Chapter 1: outline of Folding Carton Packaging marketplace
- Chapter 2: worldwide market reputation and forecast through areas
- Chapter 3: worldwide marketplace popularity and forecast by using types
- Chapter 4: worldwide marketplace repute and forecast by using Downstream enterprise
- Chapter 5: marketplace riding issue evaluation
- Chapter 6: market opposition reputation by major producers
- Chapter 7: essential producers Presentation and market data
- Chapter 8: Upstream and Downstream marketplace investigation
- Chapter 9: Fetched and net part investigation
- Chapter 10: advertising reputation research
- Chapter 11: marketplace file end
- Chapter 12: research technique and Reference
Impact of COVID-19 on the Folding Carton Packaging Market:
The upward push of COVID-19 has moderated showcase improvement; anyhow, the market is constantly selecting up-tempo due to growing lockdowns. The sudden increment in CAGR is thanks to the request and extension of this marketplace, which is functionality to return to pre-pandemic ranges once the large, is gone.
Customization Available: Global Folding Carton Packaging Market
The Global Folding Carton Packaging Market report may be modified to meet your specific business needs. because we recognize what our customers want, we provide 25% customization for any of our MID reports at no extra value to all of our customers.
About Us:
Market intelligence data may be a global front-runner within the research industry, offering contextual and data-driven research services to customers. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customised research reports.
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Irfan Tamboli (Head of Sales) – MARKET INTELLIGENCE DATA
Phone: +1 (704) 266-3234
Mail to: sales@marketintelligencedata.com
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