The global folding carton packaging market size is projected to reach USD 185.35 billion by 2027 and is anticipated to grow at a CAGR of 6.2% over the forecast period 2020 to 2027.
The study has considered the base year as 2020, which estimates the market size of market and the forecast period is 2020 to 2027. The report analyzes and forecasts the market size, in terms of volume (thousand units) and value (USD million), for the market. The report provides a detailed analysis of various forces acting in the market (drivers, restraints, opportunities, and challenges). The report covers key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.
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Based on end-use, the market has been segmented into food & beverage, household, personal care & cosmetics, healthcare, tobacco, electrical and electronics, and others. Food & beverage emerged as the largest end-use segment in 2018, accounting for nearly 37.1% of the market revenues, and is expected to continue its dominance over the forecast period. The steady expansion of the packaged food market attributed to the segment’s largest share in 2020.
Changing consumer lifestyles across the world, coupled with rising disposable, 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 expected to further expand the size of the food & beverage segment in the coming years.
The personal care & cosmetic industry has been experiencing considerable growth from the past few years on account of increasing demand for organic beauty products. Furthermore, the rising aging population has resulted in augmented demand for skincare products. Therefore, expanding the personal care & cosmetics market is anticipated to fuel the demand for folding carton in the coming years.
The electrical and electronics end-use segment is anticipated to grow at the highest CAGR of 6.6% over the forecast period. Rising technological advancement has been leading to the development of various electronic products. In addition, increasing the development of compact-sized electrical products also offers lucrative opportunities for the folding carton manufacturer as the folding carton is an ideal packaging solution for small-sized products. Thus, the steady growth of the electrical & electronics industry is anticipated to impact positively on demand for folding carton in the coming few years.
Folding carton finds significant application in tobacco packaging owing to its convenience and printability. The global tobacco industry has been witnessing considerable traction despite the severe taxation and bans, mainly due to increasing demand from the millennial population. Increasing stress levels among the younger population have also been fueling the demand for tobacco products such as a cigarette. Therefore, the growing tobacco industry is also anticipated to generate considerable demand for the folding carton in the coming few years.
The Asia Pacific dominated the global folding carton packaging market in 2020. The Asia Pacific comprises several emerging economies, including China, India, and Indonesia. Factors such as changing consumer lifestyles, rising disposable incomes, and growing demand for packaged foods such as ready-to-eat meals, are expected to augment the demand for folding carton over the forecast period.
Furthermore, the growing penetration of organized retail chains in the Asia Pacific region has also been fueling the demand for packaged food products, which in turn benefits the market. E-commerce companies majorly prefer folding carton for delivering products to consumers due to its rigidity and sustainability. Therefore, expediting e-commerce market in the region is further anticipated to augment market growth over the coming years.
The Middle East & Africa region is likely to witness a substantial growth rate over the forecast period. Factors including infrastructure development and urban expansion have increased the demand for foods and beverages across the Middle East & Africa region, in recent years. In addition, changing consumer lifestyle and rising government emphasis on environmentally friendly packaging are anticipated to boost market growth in the region.
The key players operating in the global market are WestRock Company, Bell Incorporated, Graphic Packaging International, LLC, Amcor Limited, Huhtamaki Oyi, Sonoco Products Company, Georgia-Pacific LLC., and others.
The market is highly fragmented by the presence of a large number of players across the globe. Key players are increasingly acquiring small and medium sized companies to expand geographically and also to strengthen their existing portfolio.
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Folding Carton Packaging End Use Outlook
- Food & Beverages
- Personal Care & Cosmetics
- Electrical & Electronics
Folding Carton Packaging Regional Outlook
- North America
- Asia Pacific
- Central & South America
- Middle East and Africa
- Saudi Arabia
The Folding Carton Packaging market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Folding Carton Packaging market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Folding Carton Packaging market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Folding Carton Packaging market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Folding Carton Packaging market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Folding Carton Packaging capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Folding Carton Packaging by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Folding Carton Packaging market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Folding Carton Packaging market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Folding Carton Packaging market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Folding Carton Packaging industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Folding Carton Packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Folding Carton Packaging market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Folding Carton Packaging market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Folding Carton Packaging market. These factors have benefited the growth of the global market for Folding Carton Packaging. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Folding Carton Packaging. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Folding Carton Packaging are as follows:
- History Year: 2016-2019
- Base Year: 2019
- Estimated Year: 2020
- Forecast Year 2020 to 2027
Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
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