Folding Cartons Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Folding Cartons Market
The Folding Cartons market size was valued at USD 169.42 billion in 2023, and the market is now projected to grow from USD 176.99 billion in 2024 to USD 266.43 billion by 2032, show a CAGR of 5.25% during the forecast period of 2024-2032.
The market’s progress was retarded in the early days of the corona virus by a breakdown in the transport system. But as the number of infections increased, buyers turned their attention more to buying food stuffs in larger quantities, resulting in higher levels of need. Increased demand for packaged products will be fueled additionally by panic buying in Folding Cartons market growth.
There is a high demand for Folding Cartons Market share in the food & beverage, pharmaceuticals and cosmetics fields because they offer good quality printing properties, versatility and toughness. Folding cartons that are constructed out of paperboard material can be easily folded and put together in various forms to meet particular needs thus they are highly liked by manufacturers who package small to medium-sized consumer products.
Anti-counterfeit technologies are becoming more popular because they can be easily printed on and are rigid. As a result of the coronavirus outbreak causing an upsurge in counterfeit activity, these have been increasingly used for Covid-19 test storage and transportation. To deal with business problems and encourage worldwide creativity and efficiency, smart packaging and IoT are combined.
Comprehensive Folding Cartons Market
The Folding Cartons market is rising at an exponential rate due to its market segmentation. These segmentations are methodically segregated by Material Analysis, by End-use Industry Analysis. The Material Analysis includes paper and plastic. The End-use Industry Analysis includes food & beverages, pharmaceutical, personal care & cosmetics, electrical & electronics, tobacco, and others.
The Europe region lead the Folding Cartons market by benefitting a market size of USD 66.59 billion in 2023 due to the increasing adoption of multisensory packaging of such products in the region will also lead to fast growth.
The top players in the market play a crucial role in the Packaging industry assuring industrial prospectus development and setting market standards. These players include, Westrock Company (Australia), Huhtamaki Oyj (Finland), Amcor Limited (Australia), Mayr-MelnhofKarton AG (Austria), Graphic Packaging International (U.S.), Rengo Co., Ltd. (Japan), Stora Enso Oyj (Finland), Smurfit Kappa Group (Ireland), Oji Holdings Corporation (Japan), Bell Incorporated (U.S.), Seaboard Folding Box Company Inc. (U.S.), Schur Pack Germany GmbH (Germany), DS Smith Plc (U.K.), Georgia-Pacific LLC (U.S.)these market players provide a competitive landscape.
In April 2024, Recipe Unlimited has partnered with WestRock to bring a variety of paperboard packaging solutions that can be recycled. The venture plans to keep 31 million plastic containers from landing into Canadian landfills.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 5.25% from 2024 to 2032
Unit Value (USD Billion)
Segmentation
By Material
Paper
Plastic
By End-use Industry
Food & Beverages
Pharmaceuticals
Personal Care & Cosmetics
Electrical & Electronics
Tobacco
Others
By Region
North America (By Material, End-use Industry, and Country)
- U.S. (By Material)
- Canada (By Material)
Europe (By Material, End-use Industry, and Country)
- U.K. (By Material)
- Germany (By Material)
- France (By Material)
- Spain (By Material)
- Italy (By Material)
- Russia (By Material)
- Rest of Europe (By Material)
Asia Pacific (By Material, End-use Industry, and Country)
- China (By Material)
- India (By Material)
- Japan (By Material)
- Australia (By Material)
- Southeast Asia (By Material)
- Rest of Asia Pacific (By Material)
Latin America (By Material, End-use Industry, and Country)
- Brazil (By Material)
- Mexico (By Material)
- Rest of Latin America (By Material)
Middle East & Africa (By Material, End-use Industry, and Country)
- GCC (By Material)
- South Africa (By Material)
Rest of Middle East & Africa (By Material)
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Porters Five Forces Analysis
- 4.5. Impact of COVID-19 on the Folding Cartons Market
- 5. Global Folding Cartons Market Analysis (USD Billion), Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Material
- 5.2.1. Paper
- 5.2.2. Plastic
- 5.3. Market Analysis, Insights and Forecast – By End-use Industry
- 5.3.1. Food & Beverages
- 5.3.2. Pharmaceuticals
- 5.3.3. Personal Care & Cosmetics
- 5.3.4. Electrical & Electronics
- 5.3.5. Tobacco
- 5.3.6. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East & Africa
- 6. North America Folding Cartons Market Analysis (USD Billion), Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Material
- 6.2.1. Paper
- 6.2.2. Plastic
- 6.3. Market Analysis, Insights and Forecast – By End-use Industry
- 6.3.1. Food & Beverages
- 6.3.2. Pharmaceuticals
- 6.3.3. Personal Care & Cosmetics
- 6.3.4. Electrical & Electronics
- 6.3.5. Tobacco
- 6.3.6. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. United States Market Analysis, Insights and Forecast – By Material
- 6.4.1.1. Paper
- 6.4.1.2. Plastic
- 6.4.2. Canada Market Analysis, Insights and Forecast – By Material
- 6.4.2.1. Paper
- 6.4.2.2. Plastic
- 7. Europe Folding Cartons Market Analysis (USD Billion), Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Material
- 7.2.1. Paper
- 7.2.2. Plastic
- 7.3. Market Analysis, Insights and Forecast – By End-use Industry
- 7.3.1. Food & Beverages
- 7.3.2. Pharmaceuticals
- 7.3.3. Personal Care & Cosmetics
- 7.3.4. Electrical & Electronics
- 7.3.5. Tobacco
- 7.3.6. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. United Kingdom Market Analysis, Insights and Forecast – By Material
- 7.4.1.1. Paper
- 7.4.1.2. Plastic
- 7.4.2. Germany Market Analysis, Insights and Forecast – By Material
- 7.4.2.1. Paper
- 7.4.2.2. Plastic
- 7.4.3. France Market Analysis, Insights and Forecast – By Material
- 7.4.3.1. Paper
- 7.4.3.2. Plastic
- 7.4.4. Italy Market Analysis, Insights and Forecast – By Material
- 7.4.4.1. Paper
- 7.4.4.2. Plastic
- 7.4.5. Spain Market Analysis, Insights and Forecast – By Material
- 7.4.5.1. Paper
- 7.4.5.2. Plastic
- 7.4.6. Russia Market Analysis, Insights and Forecast – By Material
- 7.4.6.1. Paper
- 7.4.6.2. Plastic
- 7.4.7. Rest of Europe Market Analysis, Insights and Forecast – By Material
- 7.4.7.1. Paper
- 7.4.7.2. Plastic
- 8. Asia Pacific Folding Cartons Market Analysis (USD Billion), Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Material
- 8.2.1. Paper
- 8.2.2. Plastic
- 8.3. Market Analysis, Insights and Forecast – By End-use Industry
- 8.3.1. Food & Beverages
- 8.3.2. Pharmaceuticals
- 8.3.3. Personal Care & Cosmetics
- 8.3.4. Electrical & Electronics
- 8.3.5. Tobacco
- 8.3.6. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China Market Analysis, Insights and Forecast – By Material
- 8.4.1.1. Paper
- 8.4.1.2. Plastic
- 8.4.2. India Market Analysis, Insights and Forecast – By Material
- 8.4.2.1. Paper
- 8.4.2.2. Plastic
- 8.4.3. Japan Market Analysis, Insights and Forecast – By Material
- 8.4.3.1. Paper
- 8.4.3.2. Plastic
- 8.4.4. Australia Market Analysis, Insights and Forecast – By Material
- 8.4.4.1. Paper
- 8.4.4.2. Plastic
- 8.4.5. South East Asia Market Analysis, Insights and Forecast – By Material
- 8.4.5.1. Paper
- 8.4.5.2. Plastic
- 8.4.6. Rest of Asia Pacific Market Analysis, Insights and Forecast – By Material
- 8.4.6.1. Paper
- 8.4.6.2. Plastic
- 9. Latin America Folding Cartons Market Analysis (USD Billion), Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Material
- 9.2.1. Paper
- 9.2.2. Plastic
- 9.3. Market Analysis, Insights and Forecast – By End-use Industry
- 9.3.1. Food & Beverages
- 9.3.2. Pharmaceuticals
- 9.3.3. Personal Care & Cosmetics
- 9.3.4. Electrical & Electronics
- 9.3.5. Tobacco
- 9.3.6. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil Market Analysis, Insights and Forecast – By Material
- 9.4.1.1. Paper
- 9.4.1.2. Plastic
- 9.4.2. Mexico Market Analysis, Insights and Forecast – By Material
- 9.4.2.1. Paper
- 9.4.2.2. Plastic
- 9.4.3. Rest of Latin America Market Analysis, Insights and Forecast – By Material
- 9.4.3.1. Paper
- 9.4.3.2. Plastic
- 10. Middle East & Africa Folding Cartons Market Analysis (USD Billion), Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Material
- 10.2.1. Paper
- 10.2.2. Plastic
- 10.3. Market Analysis, Insights and Forecast – By End-use Industry
- 10.3.1. Food & Beverages
- 10.3.2. Pharmaceuticals
- 10.3.3. Personal Care & Cosmetics
- 10.3.4. Electrical & Electronics
- 10.3.5. Tobacco
- 10.3.6. Others
- 10.4. Market Analysis, Insights and Forecast – By Country
- 10.4.1. GCC Market Analysis, Insights and Forecast – By Material
- 10.4.1.1. Paper
- 10.4.1.2. Plastic
- 10.4.2. South Africa Market Analysis, Insights and Forecast – By Material
- 10.4.2.1. Paper
- 10.4.2.2. Plastic
- 10.4.3. Rest of MEA Market Analysis, Insights and Forecast – By Material
- 10.4.3.1. Paper
- 10.4.3.2. Plastic
- 11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2023
- 11.2. Company Profile
- 11.2.1. Westrock Company
- 11.2.1.1. Business Overview
- 11.2.1.2. Product & Service Offering
- 11.2.1.3. Financials
- 11.2.1.4. Recent Development
- 11.2.2. Amcor Limited
- 11.2.2.1. Business Overview
- 11.2.2.2. Product & Service Offering
- 11.2.2.3. Financials
- 11.2.2.4. Recent Development
- 11.2.3. Graphic Packaging International
- 11.2.3.1. Business Overview
- 11.2.3.2. Product & Service Offering
- 11.2.3.3. Financials
- 11.2.3.4. Recent Development
- 11.2.4. Huhtamaki Oyj
- 11.2.4.1. Business Overview
- 11.2.4.2. Product & Service Offering
- 11.2.4.3. Financials
- 11.2.4.4. Recent Development
- 11.2.5. Mayr-MelnhofKarton AG
- 11.2.5.1. Business Overview
- 11.2.5.2. Product & Service Offering
- 11.2.5.3. Financials
- 11.2.5.4. Recent Development
- 11.2.6. Stora Enso Oyj
- 11.2.6.1. Business Overview
- 11.2.6.2. Product & Service Offering
- 11.2.6.3. Financials
- 11.2.6.4. Recent Development
- 11.2.7. Rengo Co., Ltd.
- 11.2.7.1. Business Overview
- 11.2.7.2. Product & Service Offering
- 11.2.7.3. Financials
- 11.2.7.4. Recent Development
- 11.2.8. Oji Holdings Corporation.
- 11.2.8.1. Business Overview
- 11.2.8.2. Product & Service Offering
- 11.2.8.3. Financials
- 11.2.8.4. Recent Development
- 11.2.9. Smurfit Kappa Group
- 11.2.9.1. Business Overview
- 11.2.9.2. Product & Service Offering
- 11.2.9.3. Financials
- 11.2.9.4. Recent Development
- 11.2.10. Seaboard Folding Box Company Inc.
- 11.2.10.1. Business Overview
- 11.2.10.2. Product & Service Offering
- 11.2.10.3. Financials
- 11.2.10.4. Recent Development
- 11.2.11. Bell Incorporated
- 11.2.11.1. Business Overview
- 11.2.11.2. Product & Service Offering
- 11.2.11.3. Financials
- 11.2.11.4. Recent Development
- 11.2.12. Schur Pack Germany Gmbh
- 11.2.12.1. Business Overview
- 11.2.12.2. Product & Service Offering
- 11.2.12.3. Financials
- 11.2.12.4. Recent Development
- 11.2.13. Georgia-Pacific LLC
- 11.2.13.1. Business Overview
- 11.2.13.2. Product & Service Offering
- 11.2.13.3. Financials
- 11.2.13.4. Recent Development
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook