Global folding cartons market is projected to witness a compound annual growth rate of 3.10% 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 growing 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 higher 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., SonocProducts Company, WestRock Company, RengCo. Ltd., Stora EnsOyj, U.S. Corrugated, Inc, Metsa Group, Great Little Box Company Ltd, AR Packaging Group AB, and 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
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
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