The presence of a seamless packaging industry is expected to drive sales across the global folding cartons market. The performance of the packaging industry is evaluated on the basis of quality, customization, and resilience. Packaging materials need to be optimized and customized according the shape, size, and nature of the packaged goods or items. Furthermore, the shape and size of the cartons used for packaging also differs depending on the type of materials to be stored or packaged. In this scenario, folding cartons have become the preferred choice for several industries such as electronics, semiconductors, and consumer goods. Over the course of the next decade, the total volume of revenues within the global folding cartons market shall rise.
- Several new packaging lines have come to the fore, and this has helped in garnering the trust of the consumers. Packaging plays a vital role in product positioning, creating new inlets for manufacturers to capture the psyche of audiences and end-users. Folding cartons are emblazoned with key information about the product, and possible instructions for usage.
- Furthermore, the durability of these cartons, usually made from hard paper, has also played a key role in popularising them. The vendors operating in the global folding cartons market stand a strong chance of increasing their profit margins.
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Global Folding Cartons Market: Snapshot
The global folding cartons market is presently driven by the burgeoning packaged food and beverage industry. Across several parts of the world, changing lifestyle and changing food habits are significant factors for the growth of packaged food and beverage industry. Packaged food manufacturers are adopting rigid packaging solutions that are appealing to consumers and are less likely to get damaged during transportation.
However, on the flip side, the availability of sturdy substitutes and low threshold strength of folding cartons due to use of recycled paper are challenging the market’s growth.
A report by Transparency Market Research (TMR) estimates the global folding cartons market to rise at a CAGR of 4.7% during the forecast period from 2017 to 2025. At this pace, the opportunities in the global folding cartons market are estimated to swell up to US$57,692.1 mn by the end of 2017. Vis-à-vis volume, the market is expected to peg a consumption of 29,036’000 tonnes by 2025.
Food and Beverages Segment to Remain Attractive through 2025
By structure type, the global folding cartons market is divided into straight tuck end, reverse tuck end, tuck top auto-bottom, tuck top snap-lock bottom, full seal end, double glued sidewall, and others. On the basis of dimension, folding cartons market is segmented into less than 4 X 1.5 X 6 (Inch), 4 X 1.5 X 6 to 6 X 4 X 10 (Inch), 6 X 4 X 10 to 10 X 6 X 12 (Inch), 10 X 6 X 12 to 12 X 8 X 14 (Inch), and more than 12 X 8 X14 (Inch). Of them, less than 4 X 1.5 X 6 (Inch) segment is estimated to display a CAGR of 4.9% during the forecast period and hold more than 30% market share by the end of 2025.
By end-user industry, the global market for folding cartons is segmented into food and beverages, cosmetic and personal care, healthcare, household, institutional, electrical & electronics, and other industry. Of them, food and beverage segment is anticipated to display a prominent 4.9% CAGR between 2017 and 2025; the segment is likely to hold more than 50% share of the market by the end of 2025.
In terms of order type, the folding cartons market is bifurcated into customized order and standard order. The customized order segment is likely to register a CAGR of 5.1% over the forecast period and display the leading incremental dollar opportunity in this period.
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Latin America to Emerge as Lucrative Market
The global folding cartons market can be classified based on region into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. Asia Pacific is a prominent region for folding cartons, going forward too the region is anticipated to hold on to its key position. The demand in the region is anticipated to attract a revenue of US$39035.5 mn by the end of 2025. This is mainly because of growth of bakery and confectionery market and surge in number of modern retail outlet.
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. On the other hand, North America and Latin America are anticipated to account for a collective share of nearly 26.3% by 2025.
Key players in the global folding cartons market include Amcor Limited, Westrock Company, Huhtamaki Oyi, KapStone Paper and Packaging Corp., Sonoco Products Company, Georgia-Pacific LLC, Rengo Co. Ltd., Mayr-Melnhof Karton AG, Stora Enso Oyi, AR Packaging Group AB, Oji Holdings Corporation, Pratt Industries Inc., U.S., Corrugated Inc., Great Little Box Company Ltd., Metsa Board Corporation, Graphic Packaging Holding Company, Schur Pack Germany GmbH, Multi Packaging Solutions Inc.
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