Carton Packaging Market worth $443.56 billion by 2030, growing at a CAGR of 5.56% - Exclusive Report by 360iResearch

The "Carton Packaging Market by Type (Folding Cartons, Rigid Cartons), Material (Biopolymers, Paper & Paperboard, Plastic), Carton Boxes Types, Application - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Carton Packaging Market to grow from USD 303.57 billion in 2023 to USD 443.56 billion by 2030, at a CAGR of 5.56%.

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Carton packaging is omnipresent in end-user markets, serving a myriad of applications. This versatile material packages products from small pharmaceutical tablets to large home appliances. The food & beverages industry represents the largest market share, where carton packaging is used for its convenience, recyclability, and efficiency in preserving product quality. The carton packaging market comprises entities involved in producing, distributing, and selling packaging solutions primarily made of paperboard or cardboard. These solutions range from basic folding cartons to complex corrugated boxes. They are utilized for primary and secondary packaging across diverse industries, including food & beverages, pharmaceuticals, personal care, and electronics. Demand for convenience food products, the expanding pharmaceutical industry, and the growing demand for safe packaging products are driving demand for carton packaging. Government ban on single-use plastic and rising sustainability awareness among the consumers which favors the adoption of carton packaging due to its reduced environmental footprint. Increasing prices of raw materials required for carton packaging manufacturing and the wider availability of alternative packaging materials are hampering market growth. Introducing new and innovative carton packaging products is expected to create opportunities for market growth. Furthermore, advancements in carton manufacturing machines and equipment that reduce waste and energy consumption have also represented potential for market development.

In the Americas, particularly in North America, the focus on sustainable packaging solutions due to stringent regulatory policies and environmental concerns is leading to increased adoption of biodegradable and recyclable carton packaging options. The United States leads in market demand, largely fueled by the retail sector and the growing e-commerce industry. The Asia-Pacific has a significant carton packaging demand driven by economic growth and an expanding middle-class population. The increase in consumer spending in countries like China, India, and ASEAN nations correlates with higher consumption of packaged goods. Carton packaging markets in the Asia-Pacific region benefit from cost-competitive manufacturing processes and an increasing awareness of sustainability that is beginning to take hold. The food and beverage sector and pharmaceuticals remain substantial end-users of carton packaging, with growth potential amplified by rural penetration and urbanization trends. Europe leads with a sophisticated market profile with a high demand for folding cartons and an emphasis on eco-friendly and innovative packaging. However, the Middle East and Africa are emerging markets with growth tied to urbanization and improved retail infrastructure. The food & beverage sector and personal care products are significant drivers for carton packaging in this region. The demand for premium and luxury packaging in Middle Eastern countries also marks a unique aspect of the regional market.

Market Segmentation & Coverage:

This research report categorizes the Carton Packaging Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Folding Cartons and Rigid Cartons. The Folding Cartons is projected to witness significant market share during forecast period.

Based on Material, market is studied across Biopolymers, Paper & Paperboard, and Plastic. The Plastic is projected to witness significant market share during forecast period.

Based on Carton Boxes Types, market is studied across Aseptic Cartons, Boxboard Or Paperboard Cartons, Corrugated Boxes, Five Panel Wraps, and Slotted Cartons. The Boxboard Or Paperboard Cartons is projected to witness significant market share during forecast period.

Based on Application, market is studied across Electrical & Electronics, Food & Beverages, Healthcare & Pharmaceutical, Household, and Personal Care & Cosmetics. The Personal Care & Cosmetics is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 36.24% in 2023, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Carton Packaging Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Carton Packaging Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Carton Packaging Market, highlighting leading vendors and their innovative profiles. These include Aaradhya Enterprises, Amcor PLC, American Carton Company, Bell Incorporated, Belmark Inc., Chaitanya Packaging Pvt. Ltd., DS Smith PLC, Edelmann GmbH, Essentra PLC, Fortune Industries, Georgia-Pacific LLC by Koch Industries, Inc., Graphic Packaging Holding Company, Huhtamäki Oyj, International Paper, KCL Limited, Mill Rock Capital, MM Packaging GmbH, Mondi PLC, Oji Holdings Corporation, Packman Packaging Private Limited, Pactiv Evergreen Inc., Parksons Packaging Ltd., Rengo Co., Ltd., Seaboard Folding Box Company, Inc., Smurfit Kappa Group, Sonoco Products Company, Stora Enso Oyj, Trident Paper Box Industries, Unipak, and WestRock Company.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Carton Packaging Market, by Type
7. Carton Packaging Market, by Material
8. Carton Packaging Market, by Carton Boxes Types
9. Carton Packaging Market, by Application
10. Americas Carton Packaging Market
11. Asia-Pacific Carton Packaging Market
12. Europe, Middle East & Africa Carton Packaging Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Carton Packaging Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Carton Packaging Market?
3. What is the competitive strategic window for opportunities in the Carton Packaging Market?
4. What are the technology trends and regulatory frameworks in the Carton Packaging Market?
5. What is the market share of the leading vendors in the Carton Packaging Market?
6. What modes and strategic moves are considered suitable for entering the Carton Packaging Market?

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