Folding Cartons Market - Forecasts From 2019 To 2024

Description

Global folding cartons market is expected to grow at a compound annual growth rate of 3.10% over the period 2019 to 2024 to reach a market size of US$110.861 billion by 2024 from US$92.305 billion in 2018. Key industries driving the demand for folding cartons are food and beverage, cosmetics, healthcare and electronics among others. The growing food and beverage industry coupled with increase in packed food industry is anticipated to drive the market for folding cartons. Further digital printing of cartons is likely to create more demand owing to its appealing graphics which is expected to result in increased demand for folding cartons. Moreover, technological advancements like smart folding cartons which can be used to track the status of delivery process of the product using QR code is projected to boost the market growth during the forecast period.

DRIVERS

Increasing awareness regarding environment

Growing food and beverage industry

RESTRAINTS

Budget constraint for SME’s

The major players profiled in the folding cartons market include DS Smith Plc, Amcor Ltd., Sonoco Products Company, WestRock Company, Rengo Co. Ltd., Stora Enso Oyj, U.S. Corrugated, Inc, Metsa Group, Great Little Box Company Ltd, AR Packaging Group AB, Mayr-Melnhof Karton AG

Segmentation

The folding cartons market has been analyzed through the following segments:

By Structure Type

Full Seal End

Reverse tuck end

Straight tuck end

Tuck Top Auto-Bottom

Double Glued Sidewall

Others

By End-User

Electronics

Food and Beverage

Cosmetics

Healthcare

Others

By Material Type

Solid Unbleached Board

Whitelined Chip Board

Folding Box Board

Solid Bleached Board

By Geography

North America

USA

Canada

Mexico

Others

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others