Folded Boxes Market Size, Share,Trend,Industry, Forecast and outlook (2024-2031)

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Market Dynamics

The food & beverage industry is a large market for folded boxes, with rising customer demand for fast food, ready-to-eat meals and on-the-go snacks. Folded boxes are used to package a variety of food goods, including cereals, bakery items, frozen foods & beverages, providing protective and hygienic packaging options that increase shelf life and retain product freshness. Consumers' increasing environmental consciousness, along with legislative constraints to decrease carbon footprints, has resulted in a boom in demand for sustainable packaging solutions. Folded boxes, which are frequently produced from recyclable or biodegradable materials like paperboard or corrugated board, are viewed as environmentally beneficial alternatives to traditional packaging options, resulting in their widespread adoption across industries.

In UK, the plastic tax, which went into effect in April 2022 (taxing any plastic packaging that did not contain at least 30% recycled plastic), is expected to boost demand for paper-based packaging as frozen food businesses and manufacturers migrate. Suzano reports that carton board consumption reached 54 million tons in 2022 and is expected to climb by 12 million tons in 2032. Demand for carton boards will boost market demand during the forecast period.

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Segment Analysis

Food and beverages are expected to be the dominant segment with over 30% of the market during the forecast period 2024-2031. The changing consumer lifestyles and increased demand for ready-to-eat, frozen and packaged foods have propelled the growth of the food and beverage industry, which is driving the folding cartons market. According to U.S. Census Bureau, the industrial income from frozen food manufacturing in U.S. was US$ 33.86 billion in 2021 and is predicted to reach US$ 36.59 billion by 2024. In May 2023, Stora Enso, a Finnish manufacturer, introduced Tambrite Aqua+, a new recyclable packaging board. It is suitable for packing both refrigerated and frozen foods. The use of polymers made from fossil fuels has been reduced with the help of this folding boxboard solution. It is naturally recycled and will contribute to the development of the circular economy in general. Such advancements enhanced the strategic operations in the food market, driving segment growth.

Competitive Landscape

The major global players in the market include WestRock Company, Georgia-Pacific, International Paper, Amcor plc, Sonoco Products Company, DS Smith, Smurfit Kappa, Mondi, Stora Enso and Pactiv Evergreen Inc.

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