With the growing number of sales channels of customer centric goods, more and more companies are now entering in the global folding cartons market. This is thus making the overall vendor landscape of the global market more fragmented than before. Having said that, a few prominent companies in the market such as Graphic Packaging Holding Company, WestRock Company, DS Smith PLC, and Mayr-Melnhof Karton Gesellschaft M.b. cumulatively accounted for nearly 18% of the overall share in the global market. These companies are constantly trying to expand their business across potential market around the globe. The players in the market are resorting to business strategies such as acquisitions, mergers, and strategic associations with smaller companies to enhance their overall market presence. Some of the other prominent names in the global market for folding carton include names such as Smurfit Kappa Group, International Paper Company, Pratt Industries Inc., and Amcor Limited among others.
The global market for folding carton stood at overall valuation of US$57.692 bn in the year 2017. The market is expected to reach a value worth 29,036,000 ton in terms of volume by the end of 2025. The growth of the global market for folding cartons is expected to be achieved with the help of an impressive CAGR of 4.7% over the course of the given forecast period of 2017 to 2025.
Among the vital end users, the segment of food and beverages is projected to account for over 50% of the shares in the global market over the course of the given forecast period. With respect to type of order received, the segment of customized order is projected to show strong growth with a CAGR of 5.1%. Asia Pacific is expected to lead the regional market segment with a dominant 46.7% hold on the global market.
Flourishing Personal Care Industry to Augment Market Growth
The overall growth of the global market for folding cartons is chiefly fuelled by the growing consumption of packaged food and beverages across the globe. In addition to this, the growing consumption of baker products and ready to eat food products are also fuelling the overall development of the global market.
Moreover, the increasing demand for personal care cosmetic products across the globe is creating the need for small sized folding cartons. The flourishing of personal care industry is also expected drive the growth of the global market in coming years.
Emergence of Strong Substitutes May Create Problems for Market Growth
On the other side, the easy availability of different substitutes such as flexible plastic packaging has come up as a strong alternative for rigid packaging such as folding cartons. Also, low strength of these folding cartons due to use of recycled papers might hamper its growth in coming years
This review is based on the research report by Transparency Market Research titled, “Folding Cartons Market (Structure Type – Straight Tuck End, Reverse Tuck End, Tuck Top Auto-Bottom, Tuck Top Snap-Lock Bottom, Full Seal End, and Double Glued Sidewall; Dimension Type – 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), and More than 12 X 8 X14 (Inch); End-use Industry Type – Food & Beverage (Frozen Food, Fresh Food, Bakery and Confectionery, Ready to Eat Meal, Baby food, Pet Food, Tobacco, Other Food, Beverage (Alcoholic Beverage and Non-alcoholic Beverage)), Cosmetic & Personal Care, Institutional, Healthcare, Household, and Electrical & Electronic; Received Order Type – Customized and Standard; Material Type- Paper (Folding Boxboard, Solid Unbleached Board, Solid Bleached Board, White Line Chipboard) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025”
Folding Cartons Market – By Structure Type
- Straight Tuck End
- Reverse Tuck End
- Tuck Top Auto-Bottom
- Tuck Top Snap-Lock Bottom
- Full Seal End
- Double Glued Sidewall
Folding Cartons Market – By End Use Industry Type
- 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)
- More than 12 X 8 X14 (Inch)
Folding Cartons Market – By End Use Industry Type
- Food & Beverage
- Frozen Food
- Fresh Food
- Bakery and Confectionary
- Ready to Eat Meal
- Baby Food
- Pet Food
- Other Food
- Alcoholic Beverage
- Non Alcoholic Beverage
- Cosmetic & Personal Care
- Electrical & Electronic
- Other Industry
Folding Cartons Market – By Received Order Type
- Customized Order
- Standard Order
Folding Cartons Market – By Material Type
- Folding Boxboard
- Solid Unbleached Board
- Solid Bleached Board
- White Line Chipboard
Folding Cartons Market – By Region Type
- North America
- Latin America
- Asia Pacific (APAC)
- Middle East and Africa (MEA)
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