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Folding Cartons Market Know the Latest Innovations and Trends to 2032
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Market Scope
The global folding cartons Market Share Data is expected to expand at a healthy growth rate of 4.70% owing to rapid procurement of goods and the access to online stores. Increased demand for convenience foods from consumers around the globe and organized retailing has resulted in higher demand for folding cartons. Food vendors are under pressure to offer products with a longer shelf life and attractive packaging to gain customer attention. The use of folding cartons for displaying individual products and cause a surge in sales can favor the market growth.
Huge demand for food products, rise in the global population, and a surge in disposable income levels can drive the global market demand till 2023. In addition, favorable demographics, rising demand for processed foods, and shift to retail level packaging can bode well for the market. Other innovations expected to lend an aid to market demand are integration of Fresnel lenses, holographic images, and QR codes. This can support the trend of smart packaging and create brand awareness among consumers.
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Segmentation
The global Folding Cartons Industry Application is segmented by wall construction and end-user.
By wall construction, it is segmented into single-wall corrugated sheet, double-wall corrugated sheet, and triple-wall corrugated sheet.
By end-user, it is segmented into personal care, household, and others.
Regional Analysis
In terms of geography, Asia Pacific (APAC) accounted for a major market share and will continue to dominate the global folding cartons market in the forecast period. The increase in the revenue share of this segment is attributed to the augmented demand for convenient packaged food products from consumers in the region. Also, developments in organized retailing in various countries in region and emergence of various urban areas are expected to contribute to the growth of the market in the future.
Europe has assumed the second spot in the global folding cartons market owing to a surge in online shopping and preference for medicines and foods from online stores. Rise in recycling of folding cartons will positively impact the market.
North America can capture a relevant share of the global market, with major contribution from the U.S. Expansion of sectors such as electrical & electronic, healthcare, and food & beverages are likely to impact the market demand till 2030. Strict regulations pertaining to quality, flexibility in packaging of drugs, and client demand for healthcare products can spur the demand for folding cartons.
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Competitive Outlook
Westrock Company
PaperWorks
Georgia-Pacific LLC
KapStone Paper and Packaging Corp.
Sonoco Products Company
Graphic Packaging Holding Company
Amcor Limited
Schur Pack Germany GmbH
Multi Packaging Solutions Inc.
Rengo Co. Ltd.,
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