Folding Carton Packaging Market Forecasts to 2028 – Global Analysis By Type (Biopolymer, Plastics and Others), Product Type (Aseptic and Standard), End User (Healthcare, Food and Beverages, Hardware and Others) and By Geography
According to Stratistics MRC, the Global Folding Carton Packaging Market is accounted for $128.28 billion in 2020 and is expected to reach $210.71 billion by 2028 growing at a CAGR of 6.4% during the forecast period. Rise in demand for frozen foods, shift in preferences for biodegradable packaging and anti-counterfeit measures are driving the market growth. However, fluctuation in raw material prices is hampering the growth of the market.
Folding cartons are made of paperboard which is printed and then laminated to further be cut and folded. Folding carton packaging is of different grades and weight based on its end use. They have a limited holding capacity, being able to hold only a few kilograms of material.
Based on the end user, the food & beverages segment is going to have lucrative growth during the forecast period owing to the shift in preferences and change in lifestyles of consumers. Moreover, hectic schedules and increase in the number of working women has led to the rise of ready to eat products which in turn boosts the demand for the market.
By geography, Asia Pacific is going to have high growth during the forecast period as the region has emerging economies like India, Indonesia and China which are experiencing a shift in consumer lifestyle and a steady increase in disposable incomes due to which there is rise in demand in the region.
Some of the key players profiled in the Folding Carton Packaging Market include All Packaging Company, Amcor Limited, American Carton Company, Bell Incorporated, Coburn Carton Solutions, Georgia-Pacific LLC, Graphic Packaging International, LLC, Huhtamaki Oyi, Mayr-Melnhof Karton, Quad Graphics, Inc., Seaboard Folding Box Company, Inc., Smurfit Kappa Group Plc, Sonoco Products Company, Thoro Packaging and WestRock Company.
• Paper and Paperboard
Product Types Covered:
• Aseptic Carton
• Standard Carton
End Users Covered:
• Food and Beverages
• Electrical & Electronics
• Personal Care & Cosmetics
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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