The folding cartons market was valued approximately at US$ 140.42 Bn in 2021 and is projected to hit US$ 196.05 Bn by 2030, registering a CAGR of 3.8% every year.
The base year for the study has been considered 2021, the historic year 2017 and 2020, the forecast period considered is from 2022 to 2030. The folding cartons market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).
The growing concerns over the negative environmental impact due to the increased use of the plastic packaging have shifted the focus towards the adoption of the eco-friendly packaging solutions. The rising awareness regarding the negative effects of plastic on the environment is fueling the demand for the folding cartons which serves as a biodegradable and sustainable packaging solution. Plastics are the major cause of marine pollution across the globe.
Moreover, the government ban on the use of the single-use plastics has significantly contributed towards the growth of the folding cartons market. The rising usage of the folding cartons across various end use industries such as food & beverages, cosmetics, personal care, household, and electronics is further fueling the demand for the folding cartons across the globe. The low cost, light weight, and improved printability are of the major traits of the folding cartons that has exponentially boosted its adoption across various industries. The outbreak of the COVID-19 pandemic in 2020 has boosted the growth of the e-commerce, which in turn has boosted the growth of the folding cartons market.
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Folding Cartons Market Scope
Report Coverage | Details |
Market Size by 2030 | USD 196.05 Billion |
Growth Rate from 2022 to 2030 | CAGR of 3.8% |
Food & Beverage Market Share in 2020 | 36% |
Largest Market | Asia Pacific |
Fastest Growing Region | Middle East and Africa |
Forecast Period | 2022 to 2030 |
Folding Cartons Market Report Highlights
- Based on the end use, the food & beverages segment dominated the global folding cartons market in 2020. This is attributed to the increased demand for the packaged food products across the globe. The changing lifestyle of the consumers, rising disposable income, and rising penetration of the ready-to-eat food products is a major factor that has boosted the growth of the food & beverages segment.
Folding Cartons Market Regional Snapshot
Asia Pacific was the leading folding cartons market in 2020. Asia Pacific is witnessing rapid industrialization and surging FDIs owing to the favorable government policies, which is creating the Asia Pacific region a manufacturing hub of the globe. The presence of huge industries and the presence of huge consumer base is fueling the demand for the folding cartons for the packaging of various products across different industries. The rising demand for the online shopping is significantly contributing towards the growth of the Asia Pacific folding cartons market. The rising demand for the ready-to-eat, convenient, and packaged food products is the major driver of the folding cartons market in this region.
Middle East and Africa is estimated to be the most opportunistic market. This is attributed to the surging penetration of the e-commerce, rising disposable income, changing lifestyle of the consumers, and growing demand for the packaged food products in the region. The surging growth of the population and rapidly developing industrial sector in this region is expected to drive the growth of the folding cartons market in this region in the forthcoming future.
Folding Cartons Market Dynamics
Driver
Surging penetration of e-commerce
The globe is witnessing a rapid penetration of internet and rising adoption of smart device, owing to the developing IT and telecommunications infrastructure. The rapidly growing users of internet across the globe is significantly driving the growth of the e-commerce sector. The demand for the folding cartons in the e-commerce industry is rapidly growing owing to the need for transporting products from one place to another. Therefore, the surging penetration of the e-commerce across the globe is expected to drive the growth of the global folding cartons market during the forecast period.
Restraint
Tough competition from plastic packaging
The huge availability of the plastic packaging is the major restraint. The flexible plastic packaging is cheaper and durable than the folding cartons. Moreover, the development of biodegradable plastics is giving a tough competition to the folding cartons. The availability of the more durable and cheap alternative may hinder the growth of the folding cartons market during the forecast period.
Read Also: Endoscopes Market Size to Touch US$ 25.25 Billion By 2030
Opportunity
The folding cartons have high printability. This feature offers the adoption of the anti-counterfeit technology such as RFID and embedded codes on the folding cartons. This will help in tracking the packaged goods and the safety and security of the original products can be ensured. The introduction of the anti-counterfeit technology associated with the folding cartons is expected to provide growth opportunities in the forthcoming future.
Challenge
Increased penetration of the plastics in the underdeveloped and developing countries
There is a huge penetration of the plastic packaging in the underdeveloped economies owing to its low cost and extended durability. Moreover, the lack of proper regulations regarding the use of plastics in several countries is a major challenge that restricts the adoption of the folding cartons.
Some of the prominent players in the global 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
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
- U.K.
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Philippines
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Folding Cartons Market
5.1. COVID-19 Landscape: Folding Cartons Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Folding Cartons Market, By Material Type
8.1. Folding Cartons Market, by Material Type, 2022-2030
8.1.1. Solid Unbleached Board
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Whitelined Chip Board
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Folding Box Board
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Solid Bleached Board
8.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Folding Cartons Market, By Structure Type
9.1. Folding Cartons Market, by Structure Type, 2022-2030
9.1.1. Straight Tuck End
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Reverse Tuck End
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Tuck Top Auto-Bottom
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Tuck Top Snap-Lock Bottom
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Full Seal End Cartons
9.1.5.1. Market Revenue and Forecast (2017-2030)
9.1.6. Double Glued Sidewall
9.1.6.1. Market Revenue and Forecast (2017-2030)
9.1.7. Others
9.1.7.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Folding Cartons Market, By End Use Type
10.1. Folding Cartons Market, by End Use Type, 2022-2030
10.1.1. Household
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Food & Beverages
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Electrical & Electronics
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Healthcare
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Personal Care & Cosmetics
10.1.5.1. Market Revenue and Forecast (2017-2030)
10.1.6. Others
10.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Folding Cartons Market, By Order Type
11.1. Folding Cartons Market, by Order Type, 2022-2030
11.1.1. Standard
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Customized
11.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Folding Cartons Market, By Wall Construction
12.1. Folding Cartons Market, by Wall Construction, 2022-2030
12.1.1. Single-Wall Corrugated Sheet
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Double-Wall Corrugated Packaging
12.1.2.1. Market Revenue and Forecast (2017-2030)
12.1.3. Triple-Wall Corrugated Packaging
12.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Folding Cartons Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Material (2017-2030)
13.1.2. Market Revenue and Forecast, by Structure (2017-2030)
13.1.3. Market Revenue and Forecast, by End Use (2017-2030)
13.1.4. Market Revenue and Forecast, by Order (2017-2030)
13.1.5. Market Revenue and Forecast, by Wall Construction (2017-2030)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Material (2017-2030)
13.1.6.2. Market Revenue and Forecast, by Structure (2017-2030)
13.1.6.3. Market Revenue and Forecast, by End Use (2017-2030)
13.1.6.4. Market Revenue and Forecast, by Order (2017-2030)
13.1.7. Market Revenue and Forecast, by Wall Construction (2017-2030)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Material (2017-2030)
13.1.8.2. Market Revenue and Forecast, by Structure (2017-2030)
13.1.8.3. Market Revenue and Forecast, by End Use (2017-2030)
13.1.8.4. Market Revenue and Forecast, by Order (2017-2030)
13.1.8.5. Market Revenue and Forecast, by Wall Construction (2017-2030)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Material (2017-2030)
13.2.2. Market Revenue and Forecast, by Structure (2017-2030)
13.2.3. Market Revenue and Forecast, by End Use (2017-2030)
13.2.4. Market Revenue and Forecast, by Order (2017-2030)
13.2.5. Market Revenue and Forecast, by Wall Construction (2017-2030)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Material (2017-2030)
13.2.6.2. Market Revenue and Forecast, by Structure (2017-2030)
13.2.6.3. Market Revenue and Forecast, by End Use (2017-2030)
13.2.7. Market Revenue and Forecast, by Order (2017-2030)
13.2.8. Market Revenue and Forecast, by Wall Construction (2017-2030)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Material (2017-2030)
13.2.9.2. Market Revenue and Forecast, by Structure (2017-2030)
13.2.9.3. Market Revenue and Forecast, by End Use (2017-2030)
13.2.10. Market Revenue and Forecast, by Order (2017-2030)
13.2.11. Market Revenue and Forecast, by Wall Construction (2017-2030)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Material (2017-2030)
13.2.12.2. Market Revenue and Forecast, by Structure (2017-2030)
13.2.12.3. Market Revenue and Forecast, by End Use (2017-2030)
13.2.12.4. Market Revenue and Forecast, by Order (2017-2030)
13.2.13. Market Revenue and Forecast, by Wall Construction (2017-2030)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Material (2017-2030)
13.2.14.2. Market Revenue and Forecast, by Structure (2017-2030)
13.2.14.3. Market Revenue and Forecast, by End Use (2017-2030)
13.2.14.4. Market Revenue and Forecast, by Order (2017-2030)
13.2.15. Market Revenue and Forecast, by Wall Construction (2017-2030)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Material (2017-2030)
13.3.2. Market Revenue and Forecast, by Structure (2017-2030)
13.3.3. Market Revenue and Forecast, by End Use (2017-2030)
13.3.4. Market Revenue and Forecast, by Order (2017-2030)
13.3.5. Market Revenue and Forecast, by Wall Construction (2017-2030)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Material (2017-2030)
13.3.6.2. Market Revenue and Forecast, by Structure (2017-2030)
13.3.6.3. Market Revenue and Forecast, by End Use (2017-2030)
13.3.6.4. Market Revenue and Forecast, by Order (2017-2030)
13.3.7. Market Revenue and Forecast, by Wall Construction (2017-2030)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Material (2017-2030)
13.3.8.2. Market Revenue and Forecast, by Structure (2017-2030)
13.3.8.3. Market Revenue and Forecast, by End Use (2017-2030)
13.3.8.4. Market Revenue and Forecast, by Order (2017-2030)
13.3.9. Market Revenue and Forecast, by Wall Construction (2017-2030)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Material (2017-2030)
13.3.10.2. Market Revenue and Forecast, by Structure (2017-2030)
13.3.10.3. Market Revenue and Forecast, by End Use (2017-2030)
13.3.10.4. Market Revenue and Forecast, by Order (2017-2030)
13.3.10.5. Market Revenue and Forecast, by Wall Construction (2017-2030)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Material (2017-2030)
13.3.11.2. Market Revenue and Forecast, by Structure (2017-2030)
13.3.11.3. Market Revenue and Forecast, by End Use (2017-2030)
13.3.11.4. Market Revenue and Forecast, by Order (2017-2030)
13.3.11.5. Market Revenue and Forecast, by Wall Construction (2017-2030)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Material (2017-2030)
13.4.2. Market Revenue and Forecast, by Structure (2017-2030)
13.4.3. Market Revenue and Forecast, by End Use (2017-2030)
13.4.4. Market Revenue and Forecast, by Order (2017-2030)
13.4.5. Market Revenue and Forecast, by Wall Construction (2017-2030)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Material (2017-2030)
13.4.6.2. Market Revenue and Forecast, by Structure (2017-2030)
13.4.6.3. Market Revenue and Forecast, by End Use (2017-2030)
13.4.6.4. Market Revenue and Forecast, by Order (2017-2030)
13.4.7. Market Revenue and Forecast, by Wall Construction (2017-2030)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Material (2017-2030)
13.4.8.2. Market Revenue and Forecast, by Structure (2017-2030)
13.4.8.3. Market Revenue and Forecast, by End Use (2017-2030)
13.4.8.4. Market Revenue and Forecast, by Order (2017-2030)
13.4.9. Market Revenue and Forecast, by Wall Construction (2017-2030)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Material (2017-2030)
13.4.10.2. Market Revenue and Forecast, by Structure (2017-2030)
13.4.10.3. Market Revenue and Forecast, by End Use (2017-2030)
13.4.10.4. Market Revenue and Forecast, by Order (2017-2030)
13.4.10.5. Market Revenue and Forecast, by Wall Construction (2017-2030)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Material (2017-2030)
13.4.11.2. Market Revenue and Forecast, by Structure (2017-2030)
13.4.11.3. Market Revenue and Forecast, by End Use (2017-2030)
13.4.11.4. Market Revenue and Forecast, by Order (2017-2030)
13.4.11.5. Market Revenue and Forecast, by Wall Construction (2017-2030)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Material (2017-2030)
13.5.2. Market Revenue and Forecast, by Structure (2017-2030)
13.5.3. Market Revenue and Forecast, by End Use (2017-2030)
13.5.4. Market Revenue and Forecast, by Order (2017-2030)
13.5.5. Market Revenue and Forecast, by Wall Construction (2017-2030)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Material (2017-2030)
13.5.6.2. Market Revenue and Forecast, by Structure (2017-2030)
13.5.6.3. Market Revenue and Forecast, by End Use (2017-2030)
13.5.6.4. Market Revenue and Forecast, by Order (2017-2030)
13.5.7. Market Revenue and Forecast, by Wall Construction (2017-2030)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Material (2017-2030)
13.5.8.2. Market Revenue and Forecast, by Structure (2017-2030)
13.5.8.3. Market Revenue and Forecast, by End Use (2017-2030)
13.5.8.4. Market Revenue and Forecast, by Order (2017-2030)
13.5.8.5. Market Revenue and Forecast, by Wall Construction (2017-2030)
Chapter 14. Company Profiles
14.1. Westrock Company
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. AR Packaging Group AB
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Sonoco Products Company
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Huhtamaki Oyj
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. KapStone Paper and Packaging Corp
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Mayr-MelnhofKarton AG
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Stora Enso Oyj
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Georgia-Pacific LLC
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Rengo Co., Ltd.
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Oji Holdings Corporation
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
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