United States Folding Carton Market Size was valued at USD 30.50 Billion in 2022. The Folding Carton industry is projected to grow from USD 31.72 Billion in 2023 to USD 43.41 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of during 4.00% the forecast period (2024 - 2032). Increased demand for smart folding cartons and the development and growth of the electronics and electrical manufacturing sectors are the main market drivers expected to drive the United States market for folding carton products.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Given their ease of printing and simplicity, folding cartons are becoming an increasingly popular choice for tobacco packaging, which is expected to create a lot of chances for the United States market. Notwithstanding the harsh taxes and prohibitions, the tobacco sector has been seeing considerable growth, mostly due to the millennial generation's increasing demand. The demand for products containing tobacco, including cigarettes, has surged due to the rising stress levels among younger individuals. For this reason, throughout the course of the forecast period, the expansion of the tobacco industry in the region is expected to significantly increase demand for folding cartons. The market's growth in the United States is also being aided by the increasing demand for smart folding cartons. Due to the expanding need for contemporary packaging applications like clinical monitoring, there is a developing market for intelligent folding cartons, which is expected to propel the market CAGR. Smart packaging is advanced as a result of the printed electronics innovation's progress. Smart folding boxes also give customers product information by using QR codes for customers, which enables merchants to follow the shipment throughout the delivery cycle. As a result, there will be lots of room for market expansion as smart folding cartons gain in favor.
Furthermore, the expansion of the market is expected to be hindered by the growing use of paper and paperboard folding cartons by retailers and product producers. Retail shelves make it easy to stack, store, and see the paper and paperboard folding cartons. Moreover, folding cartons enhance the long-term value of items without degrading the environment because they are recyclable and eco-friendly. As a result, the growing use of paper and paperboard folding cartons by retailers and manufacturers propels the United States’s market expansion. However, the market for folding cartons is predicted to grow at a slower pace as a result of fluctuations in raw material costs in the region, such as those of wood pulp, caused by the supply-demand imbalance. This issue causes the manufacturers in the folding carton market to significantly reduce their profit margin, which could impede the region's market's growth during the projected period. The United States Census Bureau reports that the industry revenue from the production of frozen foods in the United States was USD 33.86 billion in 2021 and is predicted to surpass USD 36.59 billion by 2024. The strategic initiatives in the frozen food sector have improved as a result of these advancements.
The United States Folding Carton market segmentation, based on End-user Industry, includes Food and Beverages, Household, Personal Care and Cosmetics, Healthcare and Pharmaceuticals, Tobacco, Electrical and Hardware, and Other End-user Industries. The market was mostly dominated by the food and beverage segment. One of the main drivers of the food and beverage industry's growth is thought to be the consistent increase in packaged foods. In addition, the significant shift in consumer purchasing patterns and lifestyle trends has positively impacted the food and beverage sector. The need for convenient food products has grown due to rising consumption, which has accelerated the growth of the food and beverage segment.
Figure 1: United States Folding Carton Market, by End-user Industry, 2022 & 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The population of the United States is on a trend of increasing technical improvement, which is driving the rise of numerous electronic items. Additionally, as folding cartons are the ideal packaging option for compact-sized electrical devices, the growing popularity of these products presents the folding carton producer with profitable potential in this area. The demand for folding cartons is thus anticipated to be impacted in the next years by the strong growth of the electrical and electronics industry in the United States. The expansion of the market in the region is anticipated to be impeded by the availability of alternatives to folding cartons, such as thinner corrugated boards. The market demand for folding cartons may be hampered by the usage of thinner corrugated board as an alternative to providing protective cushioning to breakable items without compromising print quality.
Leading market players are putting a lot of money into R&D to broaden the range of their goods, which will fuel the folding carton market's further expansion. In addition, market players are engaging in a range of calculated initiatives to increase their presence, with important market developments involving the introduction of new products, contracts, M&A transactions, increased investment, and cooperation with other enterprises. To grow and endure in an increasingly cutthroat and dynamic market, the Folding Carton industry must provide reasonably priced goods.
Major players in the Folding Carton market are engaging in research and development activities in an effort to boost market demand, including WestRock Company, Graphic Packaging International LLC (Graphic Packaging Holding Company), Mayr Meinhof Packaging International Gmbh (mayr-melnhof Karton Ag), Smurfit Kappa Group, Seaboard Folding Box Company Inc. (vidya Brands Group), American Carton Company, All Packaging Company, Essentra Plc (Essentra Group), Stora Enso Oyj, Unipak Inc., DS Smith PLC, and Edelmann Gmbh.
May 2023: Tambrite Aqua+, a novel recyclable packaging board ideal for chilled and frozen food packaging, was unveiled by the Finnish business Stora Enso. Reducing the need for plastics made from fossil fuels is the goal of this folding box board solution.
March 2022: The CarrEco Brown bag made entirely of fresh fibers was introduced by Stora Enso Oyj. Direct food contact was safe due to the material's great strength and resistance to tearing.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 30.50 Billion |
| Market Size 2023 | USD 31.72 Billion |
| Market Size 2032 | USD 43.41 Billion |
| Compound Annual Growth Rate (CAGR) | 4.00% (2024-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018-2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | End-user Industry, and Region |
| Countries Covered | United States |
| Key Companies Profiled | WestRock Company, Graphic Packaging International LLC (graphic Packaging Holding Company), Mayr Meinhof Packaging International Gmbh (mayr-melnhof Karton Ag), Smurfit Kappa Group, Seaboard Folding Box Company Inc. (vidya Brands Group) |
| Key Market Opportunities | ·        Development and growth in the electrical and electronics industry ·        Growing acceptance of intelligent folding cartons |
| Key Market Dynamics | ·        The tobacco industry is using folding cartons more and more. ·        Manufacturers and retailers are using paper and paperboard folding boxes more and more. |
Frequently Asked Questions (FAQ) :
In 2022, the folding carton market in the United States was estimated to be worth USD 30.50 billion.
From 2024 to 2032, the projected compound annual growth rate (CAGR) for the market is 4.00%.
The dominating companies in the market are WestRock Company, Graphic Packaging International LLC (graphic Packaging Holding Company), Mayr Meinhof Packaging International Gmbh (mayr-melnhof Karton Ag), Smurfit Kappa Group, Seaboard Folding Box Company Inc. (vidya Brands Group).
In 2022, the market was dominated by the food and beverages category.
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