Folding Cartons Packaging Market Overview
Global folding cartons market is a very dynamic market and is expected to witness high growth over the forecast period. The growth of folding cartons market is influenced by the quality and re-closing packets that extend the lifetime. Whereas, under extreme pressure or on stacking, folding cartons may get deformed and act as a major restraint for the growth of the market.
Folding cartons are paperboards that are cut, folded, laminated, and printed for packaging goods. They are available in various sizes and shapes and are often delivered as flat paperboards with creasing to help in packaging. Folding cartons are made of virgin wood pulp, recycled paper stock, or other fibers.
Folding Cartons Market is estimated to grow at 3.02% CAGR, between the forecast period of 2017 to 2023.
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Changes in shopping and eating habits, along with new packaging formats, are driving the demand for printed folding cartons. Paper and board packaging, is the largest segment of the packaging industry. Consumer packaging brand managers are doing everything they can to differentiate their products at the point of sale, such as using new techniques for testing new vibrant colors, and more impactful finishing techniques. Moreover, continual steady growth has been the norm for this type of printing due to their important role of bringing products safely, efficiently and attractively to market.
The essential players of global Folding Cartons Market include
- Westrock Company (U.S.)
- KapStone Paper and Packaging Corp. (U.S.)
- Multi Packaging Solutions Inc.(U.S.)
- Georgia-Pacific LLC (U.S.)
- Graphic Packaging Holding Company (U.S.)
- Sonoco Products Company (U.S.)
- Huhtamaki Oyi (Finland)
- Schur Pack Germany GmbH (Germany)
- Rengo Co. Ltd. (Japan)
- Amcor Limited (Australia).
Folding Cartons Packaging Market Segmental Analysis
By Wall Construction, the market is segmented into single-wall corrugated sheet, double-wall corrugated packaging, and triple-wall corrugated packaging. By end-user, the market is segmented into healthcare, household, personal care, and others. By region, the market is segmented into North America, Europe, Asia Pacific and the rest of the world (RoW).
Folding Cartons Packaging Market Regional Analysis
North America region is estimated to show significant market growth. Advancement in printed electronics technology is making the development of intelligent packaging economic by reducing the excessive costs associated with this technology. The smart folding carton market is proliferating due to the increase in the need for sophisticated packaging in applications such as medical monitoring. Smart folding cartons play a significant role in interacting with the end-customers and consumers
The Asia Pacific region is one of the prime markets for folding cartons and is the largest and fastest growing regions of the market, which can be due to factors such as the increasing population which is raising demand for packaged, frozen, and dry foods. Additionally, the steady improvement in distribution chains, expansion of supermarkets and e-commerce along with healthcare expenditure are factors that drive the folding cartons market in the Asia Pacific region. The growing industrialization in many emerging economies like India and China are also expected to contribute to the significant growth of the market over the forecast period.
China is one of the most significant manufacturers of folding cartons, in terms of both, volume and value. The growing popularity of smart folding cartons is initiating innovations in the folding carton industry of this region and the country’s low manufacturing costs balance the cost of shipping these products, contributing to the growth of the market.
Europe ranks second amongst other vital regional markets in the global folding cartons market. The region is predicted to display a vertical rise in the demand for folding cartons over the forecast period.
Market Research Analysis
The development of new and diversified technologies is creating exciting opportunities within the packaging industry. Global demand for small electrical appliances, including smart phones, is driving up consumption of mini-flute (low profile) and folding carton packaging. The global folding cartons market can be classified based on region as North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. Asia Pacific is a prominent region for folding cartons, which, going forward, is anticipated to hold its key position. The popularity of dry foods, especially in Asia, is raising the demand for folding cartons. On the other hand, the gradual improvement in these distribution chains, and the expansion of supermarkets in this region, also stimulate folding carton consumption in frozen and chilled food applications.
Asia Pacific is referred as the largest & fastest growing market for folding cartons. Increasing population, rising packaged & convenience food demand, healthcare expenditure are driving the market in Asia Pacific region. Moreover, rapid industrialization in China and India are expected to propel the regional market in the forecast period.
Europe ranks second amongst other key regional markets for folding cartons. The region is expected to display a steep rise in the demand for folding cartons over the forecast period.
Scope of the report
This study provides an overview of the global folding cartons market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Folding cartons market by its product and region.
By Wall Construction
Single-wall corrugated sheet
Double-wall corrugated packaging
Triple-wall corrugated packaging
By End user
Rest of the World
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TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.2 RESEARCH OBJECTIVE
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
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