Wilmington, Delaware, United States, March 11, 2024 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. -The global folding cartons market is estimated to flourish at a CAGR of 4.7% from 2021 to 2031. Transparency Market Research projects that the overall sales revenue for folding cartons is estimated to reach US$ 105 billion by the end of 2031. Heightened awareness regarding food safety and hygiene prompts manufacturers to opt for folding cartons that comply with stringent regulatory standards, ensuring product integrity and consumer trust.
In a crowded marketplace, brands leverage unique packaging designs and materials to stand out, driving the adoption of innovative folding carton solutions that convey brand values and enhance product recognition. Streamlining supply chain processes and reducing transportation costs play a pivotal role in the selection of folding cartons. Manufacturers increasingly seek lightweight and space-efficient packaging options to optimize logistics and distribution channels.
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Some prominent players are as follows:
- Smurfit Kappa Group
- DS Smith Plc
- International Paper Company
- Amcor Limited
- WestRock Company
- Huhtamaki Oyj
- KapStone Paper and Packaging Corp
- Sonoco Products Company
- Georgia-Pacific LLC
- Rengo Co. Ltd.
- Mayr-Melnhof Karton AG
- Stora Enso Oyj
- AR Packaging Group AB
- Oji Holdings Corporation
- Pratt Industries Inc.
- U.S. Corrugated Inc.
- Great Little Box Company Ltd.
- Metsa Board Corporation
- Graphic Packaging Holding Company
- Schur Pack Germany GmbH
- Multi Packaging Solutions Inc.
Evolving regulations related to labeling, product information, and environmental impact drive the demand for compliant folding carton solutions. Manufacturers prioritize materials and designs that align with evolving legal requirements and industry standards.
Key Findings of the Market Report
- Paper remains the leading material type in the folding cartons market due to its versatility, eco-friendliness, and widespread usage across various industries.
- Among folding carton structures, the straight tuck end segment leads the market, favored for its simplicity, versatility, and ease of assembly.
- Customized orders lead the folding cartons market, reflecting the growing demand for tailored packaging solutions that meet diverse consumer needs.
Folding Cartons Market Growth Drivers & Trends
- Increasing consumer awareness and regulations promoting eco-friendly packaging solutions propel the demand for recyclable and biodegradable folding cartons.
- Growth in online shopping necessitates secure and visually appealing packaging options, driving the demand for folding cartons.
- Brands seek unique packaging designs to enhance product visibility and customer engagement, fueling demand for customizable folding carton solutions.
- Innovations in printing, finishing, and material technologies enable the production of high-quality, visually striking folding cartons meeting diverse market demands.
- Rising disposable incomes and urbanization in developing regions amplify demand for packaged goods, fostering growth opportunities for the folding cartons market.
Global Folding Cartons Market: Regional Profile
- North America stands as a mature market, driven by robust consumer demand for packaged goods and a strong emphasis on sustainability. Major players like WestRock and Graphic Packaging International dominate this region, offering innovative solutions that meet stringent regulatory requirements while catering to evolving consumer preferences for eco-friendly packaging.
- In Europe, the folding cartons market thrives on a culture of environmental consciousness and regulatory frameworks promoting recyclability and waste reduction. Companies like Mayr-Melnhof Karton and AR Packaging lead the charge, leveraging advanced technologies to deliver sustainable packaging solutions without compromising on quality or design.
- The Asia Pacific region represents a burgeoning market fueled by rapid urbanization, expanding middle-class populations, and increasing disposable incomes. With rising consumer awareness and demand for packaged goods, players like Amcor plc and Shenzhen Senior Printing Co., Ltd., are capitalizing on this opportunity, offering cost-effective and innovative folding carton solutions tailored to local preferences and regulatory environments.
Folding Cartons Market: Competitive Landscape
The folding cartons market boasts a dynamic competitive landscape driven by evolving consumer preferences and sustainability demands. Key players like WestRock Company, Graphic Packaging International, and Amcor plc dominate the market with their diverse product portfolios and global reach. These industry giants continuously innovate to offer eco-friendly solutions while maintaining high-quality standards.
Regional players such as Mayr-Melnhof Karton and AR Packaging contribute significantly, leveraging their local expertise and customer relationships. The market also sees emerging players introducing disruptive technologies and business models, intensifying competition further. This competitive landscape fosters innovation, collaboration, and a relentless pursuit of excellence in the folding cartons sector.
Product Portfolio
- Smurfit Kappa Group offers innovative packaging solutions tailored to meet diverse industry needs. With a focus on sustainability and cutting-edge design, Smurfit Kappa delivers cardboard and paper-based packaging solutions that protect products and enhance brand value worldwide.
- DS Smith Plc is a global leader in sustainable packaging solutions. Their comprehensive portfolio includes corrugated packaging, recycled paper, and plastics. DS Smith is committed to driving circular economy principles, offering innovative designs that minimize environmental impact while meeting client demands.
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Folding Cartons Market: Key Segments
By Material Type
- Paper
- Folding Boxboard
- Solid Unbleached Board
- Solid Bleached Board
- White Line Chipboard
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 Received Order Type
- Customized Order
- Standard Order
By End Use Industry
- Food & Beverage
- Frozen Food
- Fresh Food
- Bakery and Confectionary
- Ready to Eat Meal
- Baby Food
- Pet Food
- Other Food
- Beverage
- Cosmetic & Personal Care
- Institutional
- Healthcare
- Household
- Electrical & Electronic
- Other Industry
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
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