Folding Cartons Market
Folding Cartons Market Forecasts to 2028 – Global Analysis By Material Type (Biopolymer, Paper & Paperboard), Structure Type, End User (Household, Food & Beverage), and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $68.75 BN |
|
Projected Year Value (2028) |
US $108.25 BN |
|
CAGR (2021 - 2028) |
6.7% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Fastest Growing Market |
North America |
According to Stratistics MRC, the Global Folding Cartons Market is accounted for $68.75 billion in 2021 and is expected to reach $108.25 billion by 2028 growing at a CAGR of 6.7% during the forecast period. Folding cartons are paperboards that are cut, folded, laminated, and printed for the packaging of different goods. Folding cartons are considered a vital process in the packaging business, the wide availability, and sustainability of paperboard at a lower cost makes folding cartons a popular packaging choice among end-use industries.
Market Dynamics:
Driver:
Increasing preferences for bio-gradable packaging
The rising inclination for bio gradable packaging and the expanded values for the products that are packed in the biodegradable packaging are driving the folding cartons market growth. Additionally, the advantages of the folding cartons such as sustainability and availability of these folding cartons have propelled potential end-user applications to use the folding cartons, which are expanding the overall growth of the folding cartons industry. Sustainable paperboard packaging meant for fresh produce is driving the market growth.
Restraint:
High cost
Manufacturers in the folding cartons market are expanding the development of packaging solutions utilizing solid whiteboard, which is strong, rigid, and acknowledges print well. However, this material can be potentially costly. Nevertheless, solid whiteboard folding cartons are widely utilized for the packaging of books, cosmetics, and electronics, among others. Therefore, the high cost of solid whiteboard materials balanced with rigidity in packaging solutions is restraining the market growth.
Opportunity:
Advancements in the folding cartons industry
The manufacturers are working and providing different designs according to the choice of the end-user applications. Additionally, the manufacturers in the packaging industries are inclined toward delivering packaging materials that offer great printability and rigidity, to integrate advanced tracking technologies. The advancements in the folding cartons industry that acquires favorable qualities while offering improved aesthetic value and protection at affordable price point are presenting ample opportunities for the overall growth of the folding cartons market.
Threat:
Fluctuations in the raw material prices
The volatility of prices for wood pulp or other raw materials utilized in the manufacture of folding cartons is acting as a threat to the growth of the folding cartons market. Unexpected orders and periodic variations in box quantities cause issues in manufacturing facilities. Paper industry issues influence the overall expansion of the folding carton market. Paper is an indispensable raw material for the manufacture of folding cartons. Hence the decline in paper production affects the growth of the folding carton market.
The food & beverage segment is expected to be the largest during the forecast period
The food & beverage segment is estimated to have a lucrative growth owing to the steady development of packaged food, changing consumer lifestyles across the world, coupled with rising disposable, resulting in expanded utilization of convenient food products such as packaged food. Moreover, a busy lifestyle and increasing working women population have been leading the rise in the consumption of ready-to-eat food products are driving the segment growth.
The paper & paperboard segment is expected to have the highest CAGR during the forecast period
The paper & paperboard segment is anticipated to witness the fastest CAGR growth during the forecast period as paper and paper-based packaging products such as folding cartons decrease the impact on the environment and at the same time lessen the overall cost of the company. International regulatory bodies recommend the essential sustainable changes in packaging materials, thus emphasizing the usage of paper and paper-based packaging products such as folding cartons.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period due to changing consumer lifestyles, rising disposable incomes, and increasing demand for packaged foods such as ready-to-eat meals. The growing penetration of organized retail chains in the Asia Pacific region has also been fueling the demand for packaged food products, which in turn benefits the market.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period owing to the well-established retail sector in these regions, along with a high consumer acceptance and demand for new technologies. High preference given to printed and customizable packages in these regions is likely to further supplement the digital folding cartons market growth during the forecast period.
Key players in the market
Some of the key players profiled in the Folding Cartons Market include Westrock Company, U.S. Corrugated, Inc., Sonoco Products Company, AR Packaging Group AB, Schur Pack Germany GmbH, Pratt Industries Inc., Oji Holdings Corporation, Multi Packaging Solutions, Inc., Graphic Packaging Holding Company, International Paper Company, Great Little Box Company Ltd., DS Smith Plc, Metsa Board Corporation, Amcor Limited, and Smurfit Kappa Group.
Key Developments:
In April 2022, Westrock Company partnered with Recipe Unlimited to implement a suite of recyclable paperboard packaging from landfills across Canada each year. The packaging began appearing at Swiss Chalet restaurants in October 2021 and is now available across all its locations.
In July 2021, Graphic Packaging International acquired all the assets of Americraft Carton Inc., the largest independent folding carton converter in North America. The acquisition included seven converting plants across the United States and is reported within the Americas Paperboard Packaging reportable segment.
Wall Constructions Covered:
• Triple-Wall Corrugated Packaging
• Single-Wall Corrugated Sheet
• Double-Wall Corrugated Packaging
Material Types Covered:
• Biopolymer
• Plastics
• Paper & Paperboard
Received Order Types Covered:
• Standard Order
• Customized Order
Structure Types Covered:
• Tuck Top Snap-Lock Bottom
• Straight Tuck End
• Reverse Tuck End
• Full Seal End Cartons
• Double Glued Sidewall
• Tuck Top Auto-Bottom
End Users Covered:
• Institutional
• Household
• Food & Beverage
• Electrical & Electronics
• Tobacco
• Healthcare
• Cosmetic & Personal Care
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Folding Cartons Market, By Wall Construction
5.1 Introduction
5.2 Triple-Wall Corrugated Packaging
5.3 Single-Wall Corrugated Sheet
5.4 Double-Wall Corrugated Packaging
6 Global Folding Cartons Market, By Material Type
6.1 Introduction
6.2 Biopolymer
6.3 Plastics
6.4 Paper & Paperboard
6.4.1 Folding Boxboard
6.4.2 Solid Unbleached Board
6.4.3 Solid Bleached Board
6.4.4 White Line Chipboard
7 Global Folding Cartons Market, By Received Order Type
7.1 Introduction
7.2 Standard Order
7.3 Customized Order
8 Global Folding Cartons Market, By Structure Type
8.1 Introduction
8.2 Tuck Top Snap-Lock Bottom
8.3 Straight Tuck End
8.4 Reverse Tuck End
8.5 Full Seal End Cartons
8.6 Double Glued Sidewall
8.7 Tuck Top Auto-Bottom
9 Global Folding Cartons Market, By End User
9.1 Introduction
9.2 Institutional
9.3 Household
9.4 Food & Beverage
9.4.1 Fresh Food
9.4.2 Ready to Eat Meal
9.4.3 Frozen Food
9.4.4 Bakery and Confectionary
9.4.5 Pet Food
9.4.6 Baby Food
9.5 Electrical & Electronics
9.6 Tobacco
9.7 Healthcare
9.8 Cosmetic & Personal Care
10 Global Folding Cartons Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Westrock Company
12.2 U.S. Corrugated, Inc.
12.3 Sonoco Products Company
12.4 AR Packaging Group AB
12.5 Schur Pack Germany GmbH
12.6 Pratt Industries Inc.
12.7 Oji Holdings Corporation
12.8 Multi Packaging Solutions, Inc.
12.9 Graphic Packaging Holding Company
12.10 International Paper Company
12.11 Great Little Box Company Ltd.
12.12 DS Smith Plc
12.13 Metsa Board Corporation
12.14 Amcor Limited
12.15 Smurfit Kappa Group
List of Tables
1 Global Folding Cartons Market Outlook, By Region (2020-2028) ($MN)
2 Global Folding Cartons Market Outlook, By Wall Construction (2020-2028) ($MN)
3 Global Folding Cartons Market Outlook, By Triple-Wall Corrugated Packaging (2020-2028) ($MN)
4 Global Folding Cartons Market Outlook, By Single-Wall Corrugated Sheet (2020-2028) ($MN)
5 Global Folding Cartons Market Outlook, By Double-Wall Corrugated Packaging (2020-2028) ($MN)
6 Global Folding Cartons Market Outlook, By Material Type (2020-2028) ($MN)
7 Global Folding Cartons Market Outlook, By Biopolymer (2020-2028) ($MN)
8 Global Folding Cartons Market Outlook, By Plastics (2020-2028) ($MN)
9 Global Folding Cartons Market Outlook, By Paper & Paperboard (2020-2028) ($MN)
10 Global Folding Cartons Market Outlook, By Folding Boxboard (2020-2028) ($MN)
11 Global Folding Cartons Market Outlook, By Solid Unbleached Board (2020-2028) ($MN)
12 Global Folding Cartons Market Outlook, By Solid Bleached Board (2020-2028) ($MN)
13 Global Folding Cartons Market Outlook, By White Line Chipboard (2020-2028) ($MN)
14 Global Folding Cartons Market Outlook, By Received Order Type (2020-2028) ($MN)
15 Global Folding Cartons Market Outlook, By Standard Order (2020-2028) ($MN)
16 Global Folding Cartons Market Outlook, By Customized Order (2020-2028) ($MN)
17 Global Folding Cartons Market Outlook, By Structure Type (2020-2028) ($MN)
18 Global Folding Cartons Market Outlook, By Tuck Top Snap-Lock Bottom (2020-2028) ($MN)
19 Global Folding Cartons Market Outlook, By Straight Tuck End (2020-2028) ($MN)
20 Global Folding Cartons Market Outlook, By Reverse Tuck End (2020-2028) ($MN)
21 Global Folding Cartons Market Outlook, By Full Seal End Cartons (2020-2028) ($MN)
22 Global Folding Cartons Market Outlook, By Double Glued Sidewall (2020-2028) ($MN)
23 Global Folding Cartons Market Outlook, By Tuck Top Auto-Bottom (2020-2028) ($MN)
24 Global Folding Cartons Market Outlook, By End User (2020-2028) ($MN)
25 Global Folding Cartons Market Outlook, By Institutional (2020-2028) ($MN)
26 Global Folding Cartons Market Outlook, By Household (2020-2028) ($MN)
27 Global Folding Cartons Market Outlook, By Food & Beverage (2020-2028) ($MN)
28 Global Folding Cartons Market Outlook, By Fresh Food (2020-2028) ($MN)
29 Global Folding Cartons Market Outlook, By Ready to Eat Meal (2020-2028) ($MN)
30 Global Folding Cartons Market Outlook, By Frozen Food (2020-2028) ($MN)
31 Global Folding Cartons Market Outlook, By Bakery and Confectionary (2020-2028) ($MN)
32 Global Folding Cartons Market Outlook, By Pet Food (2020-2028) ($MN)
33 Global Folding Cartons Market Outlook, By Baby Food (2020-2028) ($MN)
34 Global Folding Cartons Market Outlook, By Electrical & Electronics (2020-2028) ($MN)
35 Global Folding Cartons Market Outlook, By Tobacco (2020-2028) ($MN)
36 Global Folding Cartons Market Outlook, By Healthcare (2020-2028) ($MN)
37 Global Folding Cartons Market Outlook, By Cosmetic & Personal Care (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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