According to the report by Expert Market Research (EMR), the global folding carton market growth is projected to grow at a CAGR of 4.9% between 2023 and 2028. Aided by the rising demand for sustainable packaging solutions and the expanding applications of folding cartons across diverse industries, the market is expected to grow significantly by 2028.
Folding cartons, often manufactured from paperboard and printed with graphic designs, are primarily used for packaging consumer goods. They are versatile, lightweight, and easy to customise, making them a preferred choice for packaging a wide range of products, including food, beverages, pharmaceuticals, and cosmetics.
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The growing consumer preference for environmentally friendly packaging solutions is a significant factor propelling the global folding carton market growth. With increasing awareness of the environmental impact of non-biodegradable packaging materials, there has been a notable shift towards using sustainable packaging solutions such as folding cartons. Furthermore, these cartons are easily recyclable, which adds to their appeal.
Additionally, the rising trend of e-commerce and online shopping has contributed significantly to the folding carton market expansion. With a robust increase in the shipment of consumer goods, there is a surge in demand for durable and lightweight packaging solutions, a requirement fulfilled by folding cartons.
The expansion of folding cartons into various industries also significantly boosts the market. In the food and beverage industry, folding cartons are increasingly used to package ready-to-eat meals, drinks, and snacks due to their ability to maintain product integrity and freshness. In the pharmaceutical industry, folding cartons offer an ideal solution for packaging medicines due to their capacity for secure sealing and easy information printing.
Further, the booming cosmetic industry leverages folding cartons for their flexibility in design and excellent print quality, making them suitable for packaging cosmetic and personal care products. The ability to tailor the shape, size, and design of folding cartons to align with brand identities and product specifications adds to their allure in this market segment.
Moreover, advancements in printing technology have resulted in high-quality graphics and increased customisation capabilities for folding cartons. These innovations allow for the development of visually appealing and distinct packaging designs that play a crucial role in product marketing and differentiation on store shelves, aiding the folding carton market growth.
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Folding Carton Market Segmentation
The market can be divided based on type, structure, wall construction, order, end use, and region.
Market Breakup by Type
• Paper and Paperboard
• Biopolymer
• Plastics
• Others
Market Breakup by Structure
• Full Seal End
• Reverse Tuck End
• Straight Tuck End
• Tuck Top Auto-Bottom
• Double Glued Sidewall
• Others
Market Breakup by Wall Construction
• Single-Wall Corrugated Sheet
• Double-Wall Corrugated Packaging
• Triple-Wall Corrugated Packaging
Market Breakup by Order
• Standard
• Customised
Market Breakup by End Use
• Tobacco
• Personal Care
• Food and Beverages
• Healthcare
• Hardware and Electrical
• E-commerce
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global folding carton companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• Smurfit Kappa Group plc
• WestRock Company
• Graphic Packaging Holding Company
• Quad/Graphics, Inc.
• Seaboard Folding Box Company, Inc.
• Others
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