Folding Cartons Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

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.