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.
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.
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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.
The report includes consumption of folding cartons and the revenue generated from sales of folding cartons across the globe and important countries. By structure type (straight tuck end, reverse tuck end, tuck top auto-bottom, tuck top snap-lock bottom, full seal end, double glued sidewall, others), by dimension Type (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), More than 12 X 8 X14 (Inch)) by end use industry (food & beverage, cosmetic & personal care, institutional, healthcare, household, electrical & electronic and other industry), by received order type (customized order, standard order), by material type (paper).
Global Folding Cartons Market: Competitive Landscape
In order to provide users of this report with comprehensive view of the market, we have included detailed competitiveness analysis of company players with their SWOT analysis and strategy overview. The dashboard provides detailed comparison of folding cartons manufacturers on parameters such as operating margin, total revenue, product portfolio, and what we call ‘innovation scale’. The study encompasses market attractiveness analysis by structure type, dimension type, end user industry, received order type, material type and region.
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The report provides detailed competitive and company profiles of key participants operating in the Global market. Key players in global folding cartons include Amcor Limited, Westrock Company, Huhtamaki Oyj, KapStone Paper and Packaging Corp, Sonoco Products Company, Georgia-Pacific LLC, Rengo Co., Ltd., Mayr-Melnhof Karton AG, Stora Enso Oyj, 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.