Folding Cartons Market (By End Use: Household, Food & Beverages, Electrical & electronics, Healthcare, Personal Care & Cosmetics, Others; By Material Type: Solid Unbleached Board, Whitelined Chip Board, Folding Box Board, Solid Bleached Board; By Wall Construction; By Order Type; By Structure Type) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022 – 2030

The global folding cartons market size was estimated at US$ 140.42 billion in 2021 and is expected to surpass around US$ 196.05 billion by 2030, poised to grow at a CAGR of 3.8% during the forecast period 2022 to 2030.

Growth Factors:

The surging demand for the sustainable packaging solutions across the globe is boosting the demand for the folding cartons over plastic packaging. Folding cartons are a biodegradable packaging material which promotes sustainability. The rising concerns over the accumulation of plastic wastes across the globe, rising government initiatives to promote sustainability, and shifting focus of the manufacturers towards eco-friendly packaging are the major drivers of the folding cartons market. The rising consumer awareness regarding the deteriorating environmental conditions due to the plastic wastes is fueling the demand for the eco-friendly folding cartons packaging across the globe. Plastic is a major cause of water pollution. The wide availability of the folding cartons and the low cost of the folding cartons are the most prominent factors that boost the growth of the global folding cartons market. Furthermore, the folding cartons are available in different sizes that foster its adoption across a wide range of end use industries. The surging demand for the folding cartons across various end use verticals such as household, food & beverages, healthcare, and electronics is positively contributing towards the growth of the global folding cartons market. The folding cartons are lightweight, convenient, and portable packaging solutions that serves the need for the flexible packaging.

The surging penetration of the e-commerce across the globe is another factor that is expected to drive the growth of the global folding cartons market. The rapid growth of the various e-commerce platforms such as Pepperfry, Amazon, Flipkart, eBay, and Wal-Mart and the growing adoption of these platforms among the consumers has resulted in a burgeoning demand for the folding cartons. The folding cartons are popularly used as a packaging material that serves the e-commerce and logistics in the transportation of various products. The rising investments in the development of telecommunications and IT infrastructure, rising penetration of internet, and rising adoption of smartphones are driving the sales through e-commerce platforms, which in turn fuels the growth of the folding cartons market. The folding cartons offer several benefits such as flexibility, rigidity, and printability that makes it a popular choice as a packaging material in the consumer goods and food and beverages industry. Moreover, the governments in many countries have banned the single-use plastics and surged the awareness regarding the harmful effects of the single-use plastics on the environment. This has augmented the demand for the folding cartons market across the globe. Furthermore, the latest anti-counterfeit technology like embedded barcode and RFID can easily be incorporated in the folding cartons. The rising adoption of the anti-counterfeit technology among the sellers across the globe is significantly boosting the growth of the global folding cartons market.

The outbreak of the COVID-19 pandemic in 2020 had a positive effect on the global folding cartons market. The lockdown restrictions and travelling ban regulations during the pandemic has significantly surged the demand for the online shopping of various consumer goods, food & beverages, medicines, and groceries. The rapid demand for the online shopping platforms during the pandemic has significantly boosted the consumption of the folding cartons across the globe.

Report Scope of the Folding Cartons Market

Region Insights

Asia Pacific dominated the global folding cartons market in 2020. The changing lifestyle, rising demand for packaged food, and rising personal disposable income of the consumers are some of the major factors that drives the growth of the Asia Pacific folding cartons market. The presence of huge population, presence of top manufacturers of various industries, and the growing demand for online shopping among the youth are the prominent drivers of the Asia Pacific folding cartons market. The emerging nations like India, China, Indonesia, and South Korea are expected to drive the demand for the folding cartons owing to the rapid industrialization in the region. Furthermore, the rising penetration of the organized retail chains in this region is spurring the market growth.

The Middle East and Africa is estimated to be the most opportunistic market during the forecast period. The rising penetration of e-commerce, growing demand for packaged food, and rapidly growing population are some of the major driving forces. The growing penetration of the industries and surging penetration of the e-commerce in this region is expected to have a positive impact on the growth of the market.

Some of the prominent players in the Folding Cartons Market include:

• Westrock Company
• AR Packaging Group AB
• Sonoco Products Company
• Huhtamaki Oyj
• KapStone Paper and Packaging Corp
• Mayr-MelnhofKarton AG
• Stora Enso Oyj
• Georgia-Pacific LLC
• Rengo Co., Ltd.
• Oji Holdings Corporation

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:

By Material Type

• Solid Unbleached Board
• Whitelined Chip Board
• Folding Box Board
• Solid Bleached Board

By Structure Type           

• Straight Tuck End
• Reverse Tuck End
• Tuck Top Auto-Bottom
• Tuck Top Snap-Lock Bottom
• Full Seal End Cartons
• Double Glued Sidewall
• Others

By End Use

• Household
• Food & Beverages
• Frozen Food
• Fresh Food
• Bakery and Confectionary
• Ready to Eat Meal
• Baby Food
• Pet Food
• Other Food
• Beverage
• Electrical & electronics
• Healthcare
• Personal Care & Cosmetics
• Others

By Order Type

• Standard
• Customized

By Wall Construction

• Single-Wall Corrugated Sheet
• Double-Wall Corrugated Packaging
• Triple-Wall Corrugated Packaging

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Key Points Covered in Folding Cartons Market Study:

• Growth of Folding Cartons in 2022
• Market Estimates and Forecasts (2017-2030)
•  Brand Share and Market Share Analysis
•  Key Drivers and Restraints Shaping Market Growth
•  Segment-wise, Country-wise, and Region-wise Analysis
•  Competition Mapping and Benchmarking
•  Recommendation on Key Winning Strategies
•  COVID-19 Impact on Demand for Folding Cartons and How to Navigate
•  Key Product Innovations and Regulatory Climate
•  Folding Cartons Consumption Analysis
•  Folding Cartons Production Analysis
•  Folding Cartons and Management