LONDON--(BUSINESS WIRE)--The global folding carton market size is poised to grow by 12.83 million tons during 2019-2023, according to a new report by Technavio, progressing at a CAGR of more than 5% during the forecast period.
Read the 131-page research report with TOC on "Folding carton Market Analysis Report by end-user (food and beverage, personal care and household, healthcare, and other end-users) and geography (MEA, APAC, Europe, North America, and South America) 2019 - 2023" at https://www.technavio.com/report/global-folding-carton-market-industry-analysis?
The market is driven by the growing demand for digitally printed folding cartons. Also, the increase in the need for recyclable and sustainable packaging is anticipated to boost the growth of the folding carton market further.
Over the last few years, there has been a significant increase in the demand for personalized packaging from various retailers. Thus, folding carton manufacturers are focusing on printing appealing graphics by using digital printing technologies to attract attention. Moreover, the availability of various types of digital carton presses is also increasing the use of digital printing technology. Thus, the growing demand for digitally printed folding cartons is expected to fuel the growth of the market during the forecast period.
The growing awareness about the environmental impact and sustainability among consumers is compelling brand owners to adopt sustainable packaging. Folding cartons are mainly manufactured using recyclable materials and hence, are considered to be the most sustainable packaging format. These materials include renewable forestry resources such as paperboards that are derived from wood pulp or recycled waste paper. Thus, the need for sustainable packaging will fuel the folding carton market growth during the forecast period.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- Graphic Packaging International
- Huhtamaki
- Mayr-Melnhof Karton
- Smurfit Kappa
- WestRock
Market Segmentation by end-user:
The folding carton market can be broadly categorized into the following segments:
- Food and beverage
- Personal care and household
- Healthcare
- Other end-users
Key Regions for the folding carton Market:
Featuring a breakdown of region-wise market shares until 2019.
- MEA
- APAC
- Europe
- North America
- South America
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
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Market segmentation analysis
Market Sizing
- Market definition
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Market size and forecast
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Related Reports on Paper Packaging are:
Printed Carton Market – Global Printed Carton Market by end-users (food and beverage, personal care and household, healthcare, and other), and geography (APAC, Europe, MEA, North America, and South America).
Folding Carton Market in North America – Folding Carton Market in North America by end-users (food and beverage products, homecare and personal products, healthcare products, tobacco products, and others) and geography (the US, Canada, and Mexico).
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