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Folding Cartons Market Share, Trends, Revenue, Segmentation, Research Report, Demand

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Rushab Adsule

The global folding cartons market size was assessed at USD 156.14 billion in 2021. The market is projected to grow from USD 162.50 billion in 2022 to USD 226.10 billion by 2029, exhibiting a CAGR of 4.8% during the 2022-2029 period. Extensive usage of folding cartons in cosmetics, packaging foods, electronics, and pharmaceutical sectors will propel market growth. 

Folding cartons are a type of packaging commonly used in the food, beverage, pharmaceutical, and cosmetic industries, among others. They are made from a variety of materials, including paperboard, corrugated board, and plastic, and are designed to be folded into a box shape for easy transportation and storage.

Folding cartons come in a range of sizes and shapes, from small boxes used to package individual products like candy or cosmetics, to larger cartons used to package bulk products like cereal or detergent. They can also be custom-designed to fit specific products and branding requirements.

Folding cartons are typically printed with branding, product information, and other graphics using techniques like lithography, flexography, or digital printing. They can also be embellished with coatings, embossing, or foiling to enhance their appearance and increase their shelf appeal.

One of the main advantages of folding cartons is their cost-effectiveness, as they are relatively inexpensive to produce in large quantities. They are also lightweight and easy to transport, which can help to reduce shipping costs and carbon emissions.

However, folding cartons may not be as durable as other types of packaging, and may not provide as much protection for fragile or perishable products. They also have limited reusability and recyclability, depending on the materials used to produce them.

The folding cartons industry is a significant segment of the overall packaging industry, with a global market size of approximately $92 billion in 2021. The industry is expected to experience steady growth in the coming years, driven by factors such as increasing demand for packaged food and beverages, cosmetics, and pharmaceutical products.

One of the key trends in the folding cartons industry is the growing demand for sustainable and eco-friendly packaging solutions. Many consumers and companies are becoming more conscious of the environmental impact of packaging and are looking for alternatives that are recyclable, biodegradable, and made from renewable materials. This has led to the development of new materials and technologies, such as plant-based plastics, biodegradable coatings, and sustainable paperboard options.

Another trend in the industry is the increasing use of digital printing technology. Digital printing allows for greater flexibility and customization in printing, which can help companies create unique and eye-catching packaging designs. It also allows for shorter production runs, which can be beneficial for smaller companies or those with a diverse product lineup.

In terms of geographical distribution, North America and Europe are the largest markets for folding cartons, due to their high consumption of packaged food, beverage, and pharmaceutical products. However, the Asia-Pacific region is expected to experience the fastest growth in the coming years, driven by rising demand from countries like China and India.

The folding cartons industry is highly competitive, with many players ranging from large multinational corporations to smaller regional companies. Some of the major players in the industry include WestRock, International Paper, Smurfit Kappa, and Mondi Group. Companies in the industry are focusing on developing new products and technologies to meet changing customer demands, while also optimizing their production processes to improve efficiency and reduce costs.


Key Industry Development:

May 2022: SSA Amrutha Folder Tech announced the launch of a new carton-folding machine with updated features. The SSA 0088+ machine is highly capable of producing cartons similar to those produced in imported machines. It is also updated with 70% new features such as rollers, belts, and pressure systems.

List of Key Players Mentioned in the Report:

  • Westrock Company (Australia)
  • Amcor Limited (Australia)
  • Huhtamaki Oyj (Finland)
  • Graphic Packaging International (U.S.)
  • Mayr-MelnhofKarton AG (Austria)
  • Stora Enso Oyj (Finland)
  • Rengo Co., Ltd. (Japan)
  • Oji Holdings Corporation (Japan)
  • Smurfit Kappa Group (Ireland)
  • Seaboard Folding Box Company Inc. (U.S.)
  • Bell Incorporated (U.S.)
  • Schur Pack Germany GmbH (Germany)
  • Georgia-Pacific LLC (U.S.)
  • DS Smith Plc (U.K.)

This Report:       

https://www.fortunebusinessinsights.com/folding-cartons-market-104898 

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Rushab Adsule
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