Folding Carton Packaging Market

Introduction of the Folding Carton Packages Market Report

A folding carton is a paper-based package that acts as the external container for an item or product. For instance, cereal is stored in a flexible package to hold its contents and a folding carton box holds and protects the cereal. Cartons for food are made from a higher grade and lighter solid sulfate board with plastic coating. Because of the limitations of cutting machinery, the thickness of the board is limited to 0.81 mm, and folding cartons are generally limited to holding a few pounds or kilograms of material. Consumer attractiveness towards frozen food has led to the inclination of folding carton packaging market.

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Market Dynamic

Key Drivers and Emerging Trends

The growth of the folding carton packaging market size is primarily driven by the continuous progressive demand for dry foods, chilled/frozen foods and cigarettes specifically in emerging economies like China, India, Japan etc. Major shift towards the frozen food due to the easy availability and less time consuming added with nutritional values are the major factors that have led the growth of the frozen foods which is directly proportional to the growth of the global folding carton packaging market. In addition, strategic initiative by the players in the market towards investing in recyclable folding cartons to offer eco-friendly solutions. For instance, in 2017 PaperWorks introduced coated recycled board (CRB) folding carton alternative enabling household product and healthcare marketers’ access to 100% recycled content, which is environment friendly and has no leaves no carbon-footprint behind.

In addition, anti-counterfeit technologies such as RFID, embedded barcode, and others can be easily incorporated on the folding cart due to its excellent printability and rigidity. Increasing incorporation of anti-counterfeit measures into product packaging owing to rising counterfeiting is further expected to drive the market. Furthermore, an increasing ban on single-use plastic packaging by the regulatory bodies across the world, coupled with rising sustainability awareness among the consumers, has been forcing end-use industries to opt for eco-friendly and non-plastic packaging. This is one of the emerging folding carton industry trends is further expected to fuel the demand for folding cartons over the coming years.

Restraint in the Folding Carton Packages Market

However, fluctuation in wood pulp prices owing to the demand-supply gap is expected to hamper the growth of the market over the forecast period.

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End-User – Segment Analysis

Based on the end-user, food and beverage segment is expected to dominate the global folding carton packaging market over the forecast period. Changing consumer lifestyles across the world has resulted in increased consumption of convenient food products such as packaged food. Furthermore, a busy lifestyle and increasing working women population have been leading the rise in the consumption of ready to eat food products, which in turn, is expected to further expand the size of the food & beverage segment in the coming years.

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Regional – Segment Analysis:

Based on the region, Asia-Pacific is expected to dominate the global carton packaging market over the forecast period. This is due to the strong presence of the key players in the region like, WestRock Company, Amcor, plc, Sonoco Products Company etc. which have contributed to the growth of the market. In addition, alternation in consumer preferences coupled with household structure in the developing countries like China and India are the major factors that have helped the region in maintaining the dominancy in the region.

Top Market Players

Various notable players operating in the market include Amcor, plc, WestRock Company, HUHTAMAKI OYI, Sonoco Products Company, Georgia-Pacific, Rengo Co., Ltd., Graphic Packaging International, LLC, Mayr-Melnhof Karton AG, Smurfit Kappa, and Seaboard Folding Box Company, Inc., among others. 

Key Developments:

• • In 2018, WestRock Company acquired KapStone Paper and Packaging Corporation. The transaction is expected to significantly enhance WestRock’s scale and scope in the market, accelerate its ability to achieve strategic goals, and enhance its value proposition as the premier partner and provider of innovative, winning solutions to its customers.

Segments covered in the Report:

The global folding carton packages market has been segmented on the basis of type, end-user, and regions. Based on type, the market is segmented into paperboard and corrugated fibreboard. Based on end-user, the market is segmented into food and beverages, household, personal care, e-commerce, healthcare, and electrical and electronics.     

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Key questions answered in this research report:

• • At what pace is the global folding carton packages market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global folding carton packages market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global folding carton packages market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various end-user areas of the global folding carton packages market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By End-User, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Amcor, plc, WestRock Company, HUHTAMAKI OYI, Sonoco Products Company, Georgia-Pacific, Rengo Co., Ltd., Graphic Packaging International, LLC, Mayr-Melnhof Karton AG, Smurfit Kappa, Seaboard Folding Box Company, Inc., among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Folding Carton Packages Market by Type

• • Single-Wall Corrugated Sheet
  • Double-Wall Corrugated Sheet
  • Corrugated Fibreboard

Global Folding Carton Packages Market by End-User

• • Food and Beverages
  • Household
  • Personal Care
  • E-Commerce
  • Healthcare
  • Electrical and Electronics

Global Folding Carton Packages Market by Region

• • North America Folding Carton Packages Market (Option 1: As a part of the free 25% customization)
    • North America Folding Carton Packages Market by Type
    • North America Folding Carton Packages Market by End-User
    • US Folding Carton Packages Market All-Up
    • Canada Folding Carton Packages Market All-Up
  • Europe Folding Carton Packages Market (Option 2: As a part of the free 25% customization)
    • Europe Folding Carton Packages Market by Type
    • Europe Folding Carton Packages Market by End-User
    • UK Folding Carton Packages Market All-Up
    • Germany Folding Carton Packages Market All-Up
    • France Folding Carton Packages Market All-Up
    • Spain Folding Carton Packages Market All-Up
    • Rest of Europe Folding Carton Packages Market All-Up
  • Asia-Pacific Folding Carton Packages Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Folding Carton Packages Market by Type
    • Asia-Pacific Folding Carton Packages Market by End-User
    • China Folding Carton Packages Market All-Up
    • India Folding Carton Packages Market All-Up
    • Japan Folding Carton Packages Market All-Up
    • Rest of APAC Folding Carton Packages Market All-Up
  • RoW Folding Carton Packages Market (Option 4: As a part of the free 25% customization)
    • RoW Folding Carton Packages Market by Type
    • RoW Folding Carton Packages Market by End-User
    • Brazil Folding Carton Packages Market All-Up
    • South Africa Folding Carton Packages Market All-Up
    • Saudi Arabia Folding Carton Packages Market All-Up
    • UAE Folding Carton Packages Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Folding Carton Packages Market All-Up

Major Players Operating in the Folding Carton Packages (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Amcor, plc
  • WestRock Company
  • HUHTAMAKI OYI
  • Sonoco Products Company
  • Georgia-Pacific
  • Rengo Co., Ltd.
  • Graphic Packaging International, LLC
  • Mayr-Melnhof Karton AG
  • Smurfit Kappa
  • Seaboard Folding Box Company, Inc.