Global Folding-Cartons Market Overview:
A Folding Cartons, also known as simply carton or box, is a form of paper board based packaging that is folded and closed to hold your product. Cartons are the first line of defence and advertisement. They protect your products, communicate their purpose, and appeal to the customers. Folding Cartons are an essential packaging solution used in a wide variety of industries, including food, pharmaceutical, cosmetic and more. Folding Cartons manufacturing fuels the growth of the consumer packaging industry. The cost- effective and eco-friendly nature offered by the packaging is likely to boost the market growth.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Fiber based packaging in folding cartons. and Automation and robotics are becoming staples in the cartoning landscape.
Market Growth Drivers:
Rise in demand for packaged and takeaway food product., Growing demand for smart packaging. and Rise in demand for corrugated and folding cartons in packaging Industry
Challenges:
Need more sophisticated packaging in applications such as medicine. and The digitalization of the workflow.
Restraints:
Availability of cheap packaging solution. and Stringent rules and regulation for manufacturing cartons.
Opportunities:
Advancement in product and strategic initiatives by key players. and Increasing recyclable material in manufacturing to control environmental pollution.
Competitive Landscape:
Folding Carton is a fragmented market due to the presence of several regional and international players. The players are focusing on planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Graphic Packaging International (United States), Smurfit Kappa (Ireland), Sonoco (United States), WestRock (Ireland), Amcor (Australia), Bell Incorporated (United States), Delta Packaging (Germany), International Paper (United States), Stora Enso Oyj (Finland), Georgia Pacific (United States), Mayr-Melnhofkarton AG (Austria) and Seaboard Folding Box Company Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like RockTenn (United States), MeadWestvaco (United States) and Others. Analyst at AMA Research see United States Vendors to retain maximum share of Global Folding-Cartons market by 2028. Considering Market by Wall Construction, the sub-segment i.e. Single Corrugated Sheet will boost the Folding-Cartons market. Considering Market by Material, the sub-segment i.e. Biopolymer will boost the Folding-Cartons market.
Latest Market Insights:
In September 2023, Smurfit Kappa acquired Westrock, Smurfit Kappa and Westrock generated a combine adjusted annual revenue of approximately USD 34 billion over the last 12 months, which, according to the companies, makes Smurfit Westrock largest listed global packaging partner by revenue.
In October 2023, Smurfit kappa’s latest Honeycomb (Hexacomb) investment revolutionises sustainable packaging offering in UK market. This technological marvel is poised to redefine the packaging landscape and helps Smurfit kappa to place its customers at the forefront of sustainable innovation.
What Can be Explored with the Folding-Cartons Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Folding-Cartons Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Folding-Cartons
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Folding-Cartons market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Folding-Cartons market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Folding Carton Manufacturers, Potential Investors, Research and Development Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.