Folding cartons, also known as box boards, are made of cardboard and go through stages of cutting, folding and laminating. It is used for packing light products and is designed according to the shape of the products to attract the customer’s attention. Market Research Future (MRFR)’s Global Folding Cardboard Market Report contains an unbiased view of the market full of drivers, challenges, trends and opportunities for the period 2021-2030 (forecast period). The COVID-19 eruption and its implications for the industry are taken into account for the forecast period.
Segmentation
The global folding cardboard market is segmented by wall construction and end use.
By building a wall, it is fragmented into a single-walled corrugated sheet, a double-walled corrugated sheet, and a three-walled corrugated sheet.
According to the end user, it is segmented for personal care, household and others.
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The scope of the market
The global folding cartons market is expected to expand at a healthy growth rate of 3.02% due to rapid purchases of goods and access to online stores. The growing demand for convenience food from consumers around the world and organized retail have led to a higher demand for folding cartons. Food suppliers are under pressure to offer products with longer shelf life and attractive packaging to win the attention of customers. The use of folding cartons to display individual products and cause a jump in sales can favor market growth.
The huge demand for food products, an increase in the global population and a jump in the disposable income levels can drive the demand in the global market till 2023. In addition, positive demographics, growing demand for processed foods and beyond retail level packaging can bode well for the market. Other innovations that are expected to help market demand are a combination of Fresnel lenses, holographic images and QR codes. It can support the trend of smart packaging and create brand awareness among consumers.
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Regional analysis
In terms of geography, Asia Pacific (APAC) has been a major market share and will continue to dominate the global folding cartons market during the forecast period. The increase in the revenue share of this sector is attributed to the increased demand for convenient packaged food products by the consumers in the region. Also, developments in organized retail in different countries in the region and the emergence of different urban areas are expected to contribute to future market growth.
Europe has taken second place in the global folding cartons market due to a surge in online shopping and a preference for medicines and food from online stores. An increase in the recycling of folding cartons will have a positive effect on the market.
North America could capture a significant share of the global market, with a significant contribution from the U.S. Expanding sectors such as electricity and electronics, health and food and beverages is expected to affect market demand by 2027. Stricter regulations regarding quality, flexibility in drug packaging and customer demand for health products can spur Demand for folding cartons.
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Competitive view
Amcor Limited, Graphic Packaging Holding Company, Huhtamaki Oyi, Schur Pack Germany GmbH, Georgia-Pacific LLC, Sonoko Products Company, Multiple Packaging Solutions Ltd., Westrock, Rango & Co., Ltd., and KapStone Paper and Packaging Corp. They are key players in the global folding cartons market. Market players are adopting new technologies to satisfy customer requests for product integrity and quality. Recently, Keystone Folding Box incorporated new cutting and gluing equipment into its facility to increase the capacity of vial packaging.
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