Changing lifestyle in several parts of the world that has led to extensive demand for a gamut of packaging products is creating opportunities in the folding cartons market. Seeping of technology in the entire production cycle of packaging products, including folding cartons that has led to improved output and improved quality products. Collectively, this is favorable to the growth of folding cartons market projected to rise at a CAGR of 4.7% in the near-term from 2017 to 2025.
The folding cartons market is gaining from the burgeoning packaged food and beverage industry. Excessive demand for packaged food and beverages both prepared and ready mixes to serve hectic lifestyle of urban consumers is creating opportunities in the folding cartons market. To serve this demand, manufacturers in the packaging including for folded cartons are increasingly considering rigid packaging solutions. Advantages of less risk of damage during transportation and handling and greater appeal for consumers is paving way for rigid packaging segment in the folded cartons market to emerge lucrative.
However, the availability of sturdy substitutes that are less expensive and low endurance of folding cartons to stress due to use of recycled paper poses challenge to the growth of folding cartons market.
Efforts for Improved Products to Bolster Growth
Exponentially rising demand for cosmetic and personal care products is promising for the growth of folding cartons market. Strength, durability, and appeal are some features of folding cartons that make them suitable for cosmetic and personal care products. With consistent launch of new products in the cosmetic and personal care product range, the demand for folding cartons is set to grow. However, the food & beverage segment is anticipated to display the leading demand and account for over 50% market share by 2025-end.
Product innovations including efforts to develop eco-friendly line of products is the focus of manufacturers in the folding cartons market. Keen players in the folding cartons market are investing in R&D for eco-friendly products that may experience huge demand from the healthcare sector. Such initiatives augur well for the growth of folding cartons market.
Westrock Company, KapStone Paper and Packaging Corp. Amcor Limited, Sonoco Products Company, Great Little Box Company Ltd. and Multi Packaging Solutions Inc. are some well-entrenched players in the folding cartons market. Efforts for improved products is the focus of large players to strengthen their foothold in the competitive folding cartons market.
Array of Product Types Attractive to Expand Applications
The product range of folding cartons is vast. Folding cartons are available in a few structure types namely straight tuck end, tuck top auto-bottom, full seal end, reverse tuck end, tuck top snap-lock bottom, double glued sidewall and others.
The classification of folding cartons based on dimension is also extensive. Of them, folding cartons of dimension less than 4 by1.5 by 6 inch are predicted to display leading demand and account for more 30% market share by 2025-end.
Besides the range of standard order products, availability of customized products is a plus for the demand for folding cartons across a range of end-use industries.
Incessant Rise in Demand for Packaged Food makes Asia Pacific Key Region
Asia Pacific is a prominent region among other key regions in the folding cartons market. Notable growth in the food & beverage and healthcare sector in emerging economies of the region has extended ample opportunities to the entire packaging industry. Huge demand for packaged food to serve the needs of hectic lifestyle of consumers in urban areas of emerging economies of the region has led to tremendous demand for all types of packaging. This includes folding cartons sector as well.
Europe is another key region in the folding cartons market.
North America and Latin America are anticipated to collectively hold nearly 26.3% market share in the folding cartons market by 2025.
The global folding carton market is segmented into:
- Straight Tuck End
- Reverse Tuck End
- Tuck Top Auto-Bottom
- Tuck Top Snap-Lock Bottom
- Full Seal End
- Double Glued Sidewall
- Less than 4 X 1.5 X 6 (Inch)
- 4 X 1.5 X 6 to 6 X 4 X 10 (Inch)
- 6 X 4 X 10 to 10 X 6 X 12 (Inch)
- 10 X 6 X 12 to 12 X 8 X 14 (Inch)
- 12 X 8 X14 (Inch)
- Food & Beverage
- Cosmetic & Personal Care
- Electrical & Electronic
- North America
- Rest of the Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America (LATAM)
- Rest of LATAM
- Middle East & Africa
- South Africa
- Rest of MEA
- GCC Countries
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