openPR Logo
Press release

Folding Cartons Market: Demand for SBS-based Folding Cartons to Continue at Robust Pace

04-05-2017 12:53 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR

Folding Cartons Market: Demand for SBS-based Folding Cartons

The ASEAN folding cartons market has gained significant impetus from the robust growth of small- and medium-sized enterprises (SMEs) and various other industries in ASEAN countries over the last couple of years. Since there is a free trade agreement between the ASEAN countries, most of the small and large scale industries need packaging materials in large volume, consequently boosting the demand for folding cartons.

The preference for folding cartons is anticipated to increase further, thanks to the cost benefits, these cartons provide during transportation and handling of products. The rising demand for packaged and takeaway food products is also projected to influence the market for folding carton in ASEAN countries. However, the availability of flexible plastic packaging materials and rigid boxes at comparatively low prices may limit the uptake of folding cartons to some extent over the forthcoming years, reflecting negatively on this market.

Browse Report: http://www.transparencymarketresearch.com/asean-folding-cartons-market.html

The opportunity in the ASEAN folding cartons market was worth US$2.8 bn in 2016. Rising at a CAGR of 7.10% between 2016 and 2024, the market is estimated to reach a value of US$4.9 bn by the end of 2024.

The industrial food and beverages, homecare products, personal care, pharma and healthcare, and tobacco sectors are the key end users of the folding cartons in the ASEAN market. Among these, the food and beverages industry has emerged as the leading end user of folding cartons and is expected to remain dominant over the next few years, rising at a CAGR of 6.80%. In the food and beverage sector, these cartons find a robust usage in the packaging of fresh food products.

Among other end users, the pharma and healthcare and the personal care industries are anticipated to witness a healthy rise in the adoption of folding cartons in the near future. The increasing middle-class population in ASEAN countries and the rising awareness pertaining to the beneficial properties of these cartons are likely to boost their uptake in these industries over the years to come.

For more information on this report, fill the form @
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=21275

Demand for SBS-based Folding Cartons to Continue at Robust Pace

Solid bleached sulfate (SBS), coated unbleached kraft (CUK), uncoated kraft boxboard (UKB), and coated recycled board (CRB) are the three main types of materials, which folded cartons are produced of. Among these, the demand for SBS-based folding cartons is significantly higher as compared to others. Analysts expect this segment to witness continued demand over the forthcoming years. However, in terms of revenue, UKB-based folding cartons are likely to fare better than others in the near future.

Indonesia, among all the ASEAN countries, has surfaced as the key contributor to the ASEAN folding cartons market. Analysts estimate this domestic market to continue its leading streak over the next few years, expanding at a CAGR of 7.20% between 2016 and 2024. In Indonesia, the food and beverage sector has been reporting a strong demand for folding cartons and is likely to continue doing so in the near future. Thailand and Malaysia are also anticipated to provide promising opportunities to market players over the coming years.

The ASEAN market for folding cartons is a highly competitive in nature. Some of the key players in this market are Amcor Ltd., AR Packaging Group AB, Huhtamaki Group, Mayr-Melnhof Karton Gesellschaft M.b.h., International Paper, DS Smith Plc, and Rengo Co. Ltd.

About Us

Transparency Market Research (TMR) is a 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. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Folding Cartons Market: Demand for SBS-based Folding Cartons to Continue at Robust Pace here

News-ID: 492740 • Views: 367

More Releases from TMR

Serial EEPROM Market Size will Observe Substantial Growth from 2021 to 2031, TMR …
TMR Research report on the Serial EEPROM market stands out from others due to the experience of the TMR experts. The market survey conducted by the team of analysts includes various aspects that influence the market growth such as competitive analysis, key trends, regional perspective, challenges, and new launches. The stakeholders receive thorough and accurate information on the state of the market thanks to the innovative and analytical thought that
SMD Laser Diode Market to Offer Ample Growth Opportunities by 2031, TMR Study
TMR Research report on the SMD Laser Diode market stands out from others due to the experience of the TMR experts. The market survey conducted by the team of analysts includes various aspects that influence the market growth such as competitive analysis, key trends, regional perspective, challenges, and new launches. The stakeholders receive thorough and accurate information on the state of the market thanks to the innovative and analytical thought
Synchro and Resolver to Digital Converter Market to Witness Growth Acceleration …
TMR Research report on the Synchro and Resolver to Digital Converter market stands out from others due to the experience of the TMR experts. The market survey conducted by the team of analysts includes various aspects that influence the market growth such as competitive analysis, key trends, regional perspective, challenges, and new launches. The stakeholders receive thorough and accurate information on the state of the market thanks to the innovative
Tunable Inductors Market is Set To Garner Staggering Revenues By 2031, TMR Study
TMR Research report on the Tunable Inductors market stands out from others due to the experience of the TMR experts. The market survey conducted by the team of analysts includes various aspects that influence the market growth such as competitive analysis, key trends, regional perspective, challenges, and new launches. The stakeholders receive thorough and accurate information on the state of the market thanks to the innovative and analytical thought that

All 5 Releases


More Releases for ASEAN

ASEAN Automotive Insurance market
Astute Analytica published a new report on the ASEAN Automotive Insurance market, the research study offers analysis and detailed insights on key market dynamics including growth drivers, restraint factors, challenges, opportunity analysis, and trends. The research report also includes a detailed analysis of market segmentation, competitive landscape, market vendors, and estimated market size in qualitative and quantitative methods. The ASEAN Automotive Insurance market is anticipated to witness a remarkable growth at
ASEAN Automotive Insurance market |Indonesia Malaysia Philippines
Astute Analytica published a new report on the ASEAN Automotive Insurance market, the research study offers analysis and detailed insights on key market dynamics including growth drivers, restraint factors, challenges, opportunity analysis, and trends. The research report also includes a detailed analysis of market segmentation, competitive landscape, market vendors, and estimated market size in qualitative and quantitative methods. The ASEAN Automotive Insurance market is anticipated to witness a remarkable growth at
A Call to Brighten ASEAN through Renewable Energy
Powering ASEAN’s Bright Future through the 5th ASEAN Youth Video contest on Renewable Energy Jakarta, 25 January 2019 – This week, the ASEAN Foundation launched the 5th ASEAN Youth Video Contest (AYVC) with the theme “Renewable Energy: Powering ASEAN’s Bright Future”. The deadline for application is due by 19 February 2019. Similar to the previous years, the 5th ASEAN Youth Video Contest is endorsed by the ASEAN Senior Officials Meeting
ASEAN Confectionery Market Expecting Worldwide Growth by 2020
ASEAN Confectionery Market Overview Items in confectionery market consists of candies, chocolates, toffees, lollies, bakery items;basically food items that are rich in sugar and sweet content. Mostly confectionery market items consists of food products like butter, cocoa, honey, milk, flour, fruits, honey, nuts, sugar syrup and more. They are consumed globally, mostly by all regions and countries and are expected to grow in developing countries. Confectionery market is growing in mostly
Consilium Advances Cisco Contact Center Capability in ASEAN
Consilium to support local partners and clients to accelerate Customer Collaboration Solutions towards Cisco Connected Digital Experience Goal Singapore, Indonesia, Malaysia and the Philippines, October 5th, 2017: Consilium Software Inc, a Cisco Preferred Solution Partner, today announced that it has strengthened its market position in South East Asia (ASEAN) by achieving the designation of Cisco Systems’ Authorized Technology Provider, Unified Contact Center Enterprise (ATP – UCCE) for enterprise-grade contact center solutions
The 5th ASEAN Energy Outlook: ASEAN is on Track to Reach Their Energy Intensity …
Manila, 28 September 2017 – During the press conference for the 35th ASEAN Ministers on Energy Meeting (AMEM) and Associated Meetings today, ASEAN Centre for Energy (ACE) announced the launch of the 5th ASEAN Energy Outlook (AEO5). The Philippine Secretary of Energy, Alfonso G. Cusi, stated, “The Outlook provides us with pathway to address our long-term goals of achieving energy security, accessibility and affordability within the framework of sustainable development,