Folding Carton Packaging Market Size, Share, Growth 2020-2027

 

Folding Carton Packaging Market

The Folding Carton Packaging Market is estimated to grow at a robust CAGR over the forecast period (2020-2027).

The factors driving the growth of Folding Carton Packaging Market includes rise in demand for frozen foods and cigarettes, rapid growth in the Food and Beverages industry, increasing consumers preference for biodegradable packaging over plastic packaging. According to the report published by Statista, the Global Frozen Food Market was valued around USD 283.92 billion in 2020 and is predicted to reach USD 366.3 billion by the end of 2026, which will boost the Folding Carton Packaging Market size in the approaching years. Moreover, rise in the sales of ready-to-eat products through e-commerce platform, increasing awareness about safety, Government regulations regarding the use of single plastic and growing adoption of Anti-counterfeit technologies such as RFID and embedded barcode, by the major corporations are further propelling the market growth. In addition, the increasing investments by leading players on recyclable folding cartons which provides environment-friendly solutions, technological innovations in the folding carton packaging and rapid urbanization, are some of the additional factors supplementing the Folding Carton Packaging Market Growth.

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However, the growth of Folding Carton Packaging Market is hindered due to variations in the prices of wood pulp.

The leading players operating in the Folding Carton Packaging Market are., Graphic Packaging International, LLC, Mayr-Melnhof Karton AG, Amcor, plc, WestRock Company, HUHTAMAKI OYI, Sonoco Products Company, Georgia-Pacific, Rengo Co., Ltd., Smurfit Kappa, and Seaboard Folding Box Company, Inc., among others.

End-User – Segment Analysis

Based on End-User, the Food and Beverages segment is predicted to capture the largest market share during the forecast period. Rise in the consumption of packaged food products, hectic lifestyles, easy availability of frozen food products through e-commerce platform, rapid urbanization and increase in the launches of innovative food products, are some of the factors responsible for the growth of the segment.

Regional – Segment Analysis

Based on Region, the North American region is anticipated to hold the highest market share over the forecast period. Presence of the leading players such as WestRock Company and Sonoco Products Company, Government regulations regarding the use of single plastics, growing demand for packaged food products and high per capita incomes, are some of the important factors augmenting the market growth in North America.

Market Segmentation

Global Folding Carton Packaging Market by Type

  • Single-Wall Corrugated Sheet
  • Double-Wall Corrugated Sheet
  • Corrugated Fibreboard

Global Folding Carton Packaging Market by End-User

  • Food and Beverages
  • Household
  • Personal Care
  • E-Commerce
  • Healthcare
  • Electrical and Electronics

Global Folding Carton Packaging Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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