The global folding cartons packaging market is expected to experience a substantial expansion from 2023 to 2030.
The increasing need for packaging in sectors such as food and beverage, electronics, consumer goods and pharmaceuticals drives the expansion.
Folding cartons, also known as paperboard cartons or paperboard boxes, are widely used in retail stores and play a crucial role in product presentation, protection and branding.
Folding cartons offer several advantages for packaging professionals.
They are versatile, allowing for various customisation options in shape, size, and design, enabling effective product differentiation and brand recognition.
Their lightweight nature helps reduce transportation costs and the reduction of carbon footprints. Folding cartons are recyclable and environmentally friendly, aligning with the growing demand for sustainable packaging solutions.
The Folding Cartons Packaging Market presents significant opportunities for packaging professionals.
A dynamic growing market
The market, which includes various industry segments such as Standard Carton and Aseptic Carton, is projected to reach multimillion USD by 2030, exhibiting a significant compound annual growth rate (CAGR) compared to 2022.
A new report provides valuable insights into the growth prospects and challenges faced by industries, offering an overview of the increasing need for folding cartons packaging and analysing key companies operating in this specialised sector, including Graphic Packaging, Mayr-Melnhof Karton, RockTenn, MeadWestvaco, Bell, Amcor, Arkay Packaging, Artistic Carton, Smurfit Kappa and Sonoco.
The Folding Cartons Packaging Market research report examines market dynamics, emerging trends and key growth drivers, enabling stakeholders and decision-makers to make informed choices.
By analysing historical growth trends and future possibilities, businesses can utilise this report as a valuable resource to stay ahead in rapidly evolving industries.
The influence of geopolitical factors
The Covid-19 pandemic and the influence of the Russia-Ukraine war have impacted the global market for Folding Cartons Packaging.
In 2022, the market was estimated at $138,580m, and it is projected to reach $175,650m by 2028, growing at a CAGR of 4.0% during the forecast period of 2022-2028.
The report highlights regional revenue growth and CAGR status for North America, Asia, Europe, and North America, focusing on applications in various sectors such as food & beverage, electronics & home appliances, consumer goods and the pharmaceutical industry.
The US market for Folding Cartons Packaging is expected to increase from USD million in 2022 to USD million by 2028 while the China market is estimated to reach USD million by 2028. Similarly, the Europe market is projected to grow significantly during the forecast period.
Leading manufacturers in the Folding Cartons Packaging market include Graphic Packaging, Mayr-Melnhof Karton, RockTenn, MeadWestvaco, Bell, Amcor, Arkay Packaging, Artistic Carton and Smurfit Kappa.
These companies have a substantial share in revenue, contributing to the market’s overall growth.