Folding Cartons Market Forecasts to 2028 – Global Analysis By Material Type (Biopolymer, Paper & Paperboard), Structure Type, End User (Household, Food & Beverage), and By Geography

Folding Cartons Market Forecasts to 2028 – Global Analysis By Material Type (Biopolymer, Paper & Paperboard), Structure Type, End User (Household, Food & Beverage), and By Geography

According to Stratistics MRC, the Global Folding Cartons Market is accounted for $68.75 billion in 2021 and is expected to reach $108.25 billion by 2028 growing at a CAGR of 6.7% during the forecast period. Folding cartons are paperboards that are cut, folded, laminated, and printed for the packaging of different goods. Folding cartons are considered a vital process in the packaging business, the wide availability, and sustainability of paperboard at a lower cost makes folding cartons a popular packaging choice among end-use industries.

Market Dynamics:

Driver:

Increasing preferences for bio-gradable packaging

The rising inclination for bio gradable packaging and the expanded values for the products that are packed in the biodegradable packaging are driving the folding cartons market growth. Additionally, the advantages of the folding cartons such as sustainability and availability of these folding cartons have propelled potential end-user applications to use the folding cartons, which are expanding the overall growth of the folding cartons industry. Sustainable paperboard packaging meant for fresh produce is driving the market growth.

Restraint:

High cost

Manufacturers in the folding cartons market are expanding the development of packaging solutions utilizing solid whiteboard, which is strong, rigid, and acknowledges print well. However, this material can be potentially costly. Nevertheless, solid whiteboard folding cartons are widely utilized for the packaging of books, cosmetics, and electronics, among others. Therefore, the high cost of solid whiteboard materials balanced with rigidity in packaging solutions is restraining the market growth.

Opportunity:

Advancements in the folding cartons industry

The manufacturers are working and providing different designs according to the choice of the end-user applications. Additionally, the manufacturers in the packaging industries are inclined toward delivering packaging materials that offer great printability and rigidity, to integrate advanced tracking technologies. The advancements in the folding cartons industry that acquires favorable qualities while offering improved aesthetic value and protection at affordable price point are presenting ample opportunities for the overall growth of the folding cartons market.

Threat:

Fluctuations in the raw material prices

The volatility of prices for wood pulp or other raw materials utilized in the manufacture of folding cartons is acting as a threat to the growth of the folding cartons market. Unexpected orders and periodic variations in box quantities cause issues in manufacturing facilities. Paper industry issues influence the overall expansion of the folding carton market. Paper is an indispensable raw material for the manufacture of folding cartons. Hence the decline in paper production affects the growth of the folding carton market.

The food & beverage segment is expected to be the largest during the forecast period

The food & beverage segment is estimated to have a lucrative growth owing to the steady development of packaged food, changing consumer lifestyles across the world, coupled with rising disposable, resulting in expanded utilization of convenient food products such as packaged food. Moreover, a busy lifestyle and increasing working women population have been leading the rise in the consumption of ready-to-eat food products are driving the segment growth.

The paper & paperboard segment is expected to have the highest CAGR during the forecast period

The paper & paperboard segment is anticipated to witness the fastest CAGR growth during the forecast period as paper and paper-based packaging products such as folding cartons decrease the impact on the environment and at the same time lessen the overall cost of the company. International regulatory bodies recommend the essential sustainable changes in packaging materials, thus emphasizing the usage of paper and paper-based packaging products such as folding cartons.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period due to changing consumer lifestyles, rising disposable incomes, and increasing demand for packaged foods such as ready-to-eat meals. 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.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period owing to the well-established retail sector in these regions, along with a high consumer acceptance and demand for new technologies. High preference given to printed and customizable packages in these regions is likely to further supplement the digital folding cartons market growth during the forecast period.

Key players in the market

Some of the key players profiled in the Folding Cartons Market include Westrock Company, U.S. Corrugated, Inc., Sonoco Products Company, AR Packaging Group AB, Schur Pack Germany GmbH, Pratt Industries Inc., Oji Holdings Corporation, Multi Packaging Solutions, Inc., Graphic Packaging Holding Company, International Paper Company, Great Little Box Company Ltd., DS Smith Plc, Metsa Board Corporation, Amcor Limited, and Smurfit Kappa Group.

Key Developments:

In April 2022, Westrock Company partnered with Recipe Unlimited to implement a suite of recyclable paperboard packaging from landfills across Canada each year. The packaging began appearing at Swiss Chalet restaurants in October 2021 and is now available across all its locations.

In July 2021, Graphic Packaging International acquired all the assets of Americraft Carton Inc., the largest independent folding carton converter in North America. The acquisition included seven converting plants across the United States and is reported within the Americas Paperboard Packaging reportable segment.

Wall Constructions Covered:
• Triple-Wall Corrugated Packaging
• Single-Wall Corrugated Sheet
• Double-Wall Corrugated Packaging

Material Types Covered:
• Biopolymer
• Plastics
• Paper & Paperboard

Received Order Types Covered:
• Standard Order
• Customized Order

Structure Types Covered:
• Tuck Top Snap-Lock Bottom
• Straight Tuck End
• Reverse Tuck End
• Full Seal End Cartons
• Double Glued Sidewall
• Tuck Top Auto-Bottom

End Users Covered:
• Institutional
• Household
• Food & Beverage
• Electrical & Electronics
• Tobacco
• Healthcare
• Cosmetic & Personal Care

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances