Folding Cartons Market Research Report - Global Forecast To 2030

Folding Cartons Market Information, By Wall Construction (Single-wall Corrugated Sheet, Double-wall Corrugated Packaging, Triple-wall Corrugated Packaging), By End-User (Healthcare, Household, Personal Care and Others) and Region - Forecast To 2030

ID: MRFR/PNT/3579-HCR | February 2023 | Region: Global | 111 Pages         

Folding Cartons Market

Folding Cartons Market Size is expected to cross USD 1,34,801.20 Million by 2030 at a CAGR of 4.70% during the forecast period 2021-2030.

Segmentation
By Wall Construction Single-wall Corrugated Sheet Double-wall Corrugated Packaging Triple-wall Corrugated Packaging
By End-User Healthcare Household Personal Care Others
Key Players
Companies Profiled   Westrock Company   PaperWorks   Georgia-Pacific LLC   KapStone Paper and Packaging Corp.   Sonoco Products Company   Graphic Packaging Holding Company   Amcor Limited   Schur Pack Germany GmbH   Multi Packaging Solutions Inc.   Rengo Co. Ltd.
Drivers
Market Driving Forces   Increase in technological innovations   Growing demand for packaged food products
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Folding Cartons Market Overview


The folding cartons market size is expected to gain a market value of USD 1,34,801.20 Million by 2030 at a CAGR of 4.70% from 2021-2030.


Folding cartons are made of paperboard that is cut, laminated, folded, and printed for the packaging of several types of products. These are highly preferred owing to their availability in different sizes and shapes as many brand owners make extra efforts to distinguish their product look at point-of-sale.


The demand for folding cartons from the food and beverages industry is the primary factor influencing the folding cartons market growth. Growing demand for frozen goods, cigarettes, dry food, and other products supports market growth. Furthermore, folding cartons are made of paperboard at affordable prices. Folding cartons are also eco-friendly, which attracts manufacturers. However, there are many alternative options for sustainable packaging solutions with superior properties like PET, HDPE, LDPE, plastic, and others in the market, hamper the market growth.


According to the Associated Chambers of Commerce and Industry of India, the market for organized packaged food was predicted to reach INR 780 million in 2020. As a result, increasing consumer awareness and India’s organized food segment will drive the folding cartons market growth.


COVID-19 Analysis


The unpredictable COVID-19 virus harmed the folding cartons market in 2020. Due to the pandemic, many areas have imposed social restrictions on people. These restrictions reduced the demand for several products and services, reducing the necessity for them to be packed and shipped. Therefore it had a global impact on the want for the folding cartons market. The global market has also lost investors, which has affected the supply chain. However, the folding carton Industry did not lose hope. The global market has employed more critical players as the e-commerce industry is booming, strengthening the folding cartons market. Hence, the global product is again growing up slowly and steadily.


Market dynamics:


Market drivers:


The increasing preferences for bio gradable packaging and the increased values for the products that are packed in the biodegradable packaging are driving the folding cartons market trends. Moreover, the potential benefits of the folding cartons such as sustainability and availability of these folding cartons have propelled potential end-user applications to utilize the folding cartons, which are increasing the overall growth of the folding cartons industry.


The demand for lightweight cartons and the ones made of paperboards are gaining momentum in recent times to cut down on the shipment. Also, the rising environmental concerns across the globe are considered as the major drivers of folding cartons market.


Market opportunities:


The manufacturers are intensively working and providing varied designs according to the demand of the end-user applications. Also, the manufacturers in the packaging industries are inclined towards producing packaging materials that offer excellent printability and rigidity, to integrate advanced tracking technologies such as RFID and others. As the folding cartons are excellent carriers of these tracking solutions, the growth of the folding cartons market growth is expected to have healthy growth during the forecast period.


The advancements in the folding cartons industry that brings in varied favorable qualities while providing enhanced aesthetic value and protection at affordable price point are presenting lucrative opportunities for the overall growth of the folding cartons industry. Moreover, the increasing demand for the e-commerce industry and subscription plans are also propelling the overall growth of the folding cartons industry.


Market restraints:


The fluctuation in the price of the wood pulp and other raw materials required for the manufacturing of the folding cartons are considered as the major restraints of the folding cartons market growth.


The manufacturing facilities are facing challenges due to unexpected orders and frequent variations in the box quantity. The installation of the packaging equipment and the other key challenges are considered as the major restraints of folding cartons market.


Market challenges:


The challenges in the Paperboard Packaging industry impact the overall growth of the folding cartons market. Paper is the crucial raw material for the production of folding cartons and thereby the decline in the production in the paper industry affects the folding carton market growth.


Shortages and poor infrastructure in developing countries are also considered as the major challenge for the overall growth of the folding carton industry.


Cumulative growth analysis:


The market size of the folding cartons industry was at USD 128.28 billion in the year 2020 and it is expected to surpass the market value of over USD 1,34,801.20 million by the year 2030 while registering a CAGR of 4.70% during the forecast 2021-2030. The growth estimate is primarily due to the potential benefits of the folding cartons such as excellent printability, rigidity, flexibility, and significant others. Moreover, the enhanced adaptability of these folding cartons helps several end-user industries to change the size and design according to their application. Also, several countries are imposing bans on the usage of single plastic usage in the packaging industries. Such factors have increased the folding carton market demand. 


The advent of advanced tracking solutions in the packaging industries such as RFID, Embedded barcode, and others can be integrated with the folding cartons due to their excellent printability and rigidity. Therefore the several industries are increasingly adopting folding cartons. 


Value chain analysis:


The growth of the folding cartons industry is highly influenced by the food industry as they are considered the major consumers of folding cartons. For several applications, the scrap papers are utilized and reprocessed, however for the food packaging; the higher grade and lighter strong sulfate board which are covered with plastic are acquired. The primary reason for the food industry to utilize the folding cartons for packaging is due to the better preservation of food and the life expectancy of the food is longer. 


Other beneficiary factors such as environmentally responsible packaging, cost-effectiveness, and adaptability are driving the folding cartons' market growth. Therefore the folding cartons are intensively used in consumer packaging, retails, and transporting medical and industrial products. Among other parts of the world, North America and Europe are considered as the leading consumers of folding cartons for the food industry. Also, several manufacturers are developing cardboards with specific grades with barrier coatings that are more suitable for food items. The coating processes in the packaging industries are crucial as they significantly reduce the overall material consumption. 


Market Segmentation


Folding Cartons Market Image


Segment overview:


Based on Type:




  • Biopolymer




  • Paper and Paperboard




  • Plastic




  • Others 




Based on End-User:




  • Food and Beverages




  • Personal Care




  • Healthcare




  • Household




  • Hardware & Electrical




  • Others 




Based on Styles:




  • Standard Straight Tuck.




  • Airplane Style Straight.




  • Mailer Lock.




  • Tuck and Tongue 




Based on Trends:




  • Internet of All Things




  • Environmentally Friendly Packaging




  • Improved Printing and Decorating Techniques 




Regional analysis:


North America is currently holding the largest market share regarding the folding cartons industry, as the region is growing in demand for environmentally friendly packaging materials and increasingly adopting advanced technologies. 


On the other hand, the Asia-pacific region is also witnessing healthy growth in the folding cartons industry, among which China is considered as the major consumer of packaged goods because of the convenience and aesthetical value. Additionally, the consumers of China are more inclined towards packaged foods which are driving the overall growth of the folding cartons industry. Moreover, the affordable manufacturing costs across China are also presenting lucrative opportunities for folding cartons market growth. Moreover, the increasing demand for the convenient food and packaging industries and the products are driving the overall growth of the folding cartons market growth. 


The Asia-pacific region is considered as the major manufacturer of electronics and electrical equipment which also stimulates the growth of the folding carton industry. Moreover, the government organizations in the region have banned the usage of single-use plastic packaging, such factors have increased the utilization of sustainable packaging.


Competitive landscape:




  • Westrock Company




  • PaperWorks




  • Georgia-Pacific LLC




  • KapStone Paper and Packaging Corp.




  • Sonoco Products Company




  • Graphic Packaging Holding Company




  • Amcor Limited




  • Schur Pack Germany GmbH




  • Multi Packaging Solutions Inc.




  • Rengo Co. Ltd.,  




Recent Developments




  • In April 2022, WestRock Company joined Recipe Unlimited to implement a suite of recyclable paperboard packaging, aiming to divert 31 million plastic containers from landfills across Canada annually.




  • In March 2022, Stora Enso Oyj unveiled the CarrEco Brown bag of 100% original fibers. The material has high strength and tear-resistant properties and is safe from contact with natural food.




Report overview:


This report has covered:




  • Market overview




  • COVID 19 Analysis




  • Market dynamics




  • Cumulative growth analysis




  • Value chain analysis




  • Segment overview




  • Regional analysis




  • Competitive landscape




  • Recent developments




Segmentation Table:


Based on Type: 




  • Biopolymer




  • Paper and Paperboard




  • Plastic




  • Others 




Based on End-User:




  • Food and Beverages




  • Personal Care




  • Healthcare




  • Household




  • Hardware & Electrical




  • Others 




Based on Styles:




  • Standard Straight Tuck.




  • Airplane Style Straight.




  • Mailer Lock.




  • Tuck and Tongue 




Based on Trends:




  • Internet of All Things




  • Environmentally Friendly Packaging




  • Improved Printing and Decorating Techniques





Report Scope:

Report Attribute/Metric Details
  Market Size   USD 1,34,801.20 million
  CAGR   4.70% 2030
  Base Year   2021
  Forecast Period   2021-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Wall Construction, and End-User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Amcor Limited (Australia), Westrock Company (U.S.), Huhtamaki Oyi (Finland), KapStone Paper and Packaging Corp. (U.S.), Sonoco Products Company (U.S.), Georgia-Pacific LLC (U.S.), Rengo Co. Ltd. (Japan), Graphic Packaging Holding Company (U.S.), Schur Pack Germany GmbH (Germany), Multi Packaging Solutions Inc.( New York)
  Key Market Opportunities   New product launches and R&D amongst major key players
  Key Market Drivers

  • Increase in technological innovations
  • Growing demand for packaged food products


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    Frequently Asked Questions (FAQ) :

    • Standard Straight Tuck. • Airplane Style Straight. • Mailer Lock. • Tuck and Tongue

    • Food and Beverages • Personal Care • Healthcare • Household • Hardware & Electrical • Others

    • Sonoco Products Company • Graphic Packaging Holding Company • Amcor Limited • Schur Pack Germany GmbH • Multi Packaging Solutions Inc. • Rengo Co. Ltd.,

    The market size of the folding cartons industry was at USD 128.28 billion in the year 2020 and it is expected to surpass the market value of over USD 1,34,801.20 million by the year 2030 while registering a CAGR of 4.70% during the forecast 2030.