Global Folding Cartons Market Segments, Size, Share, Growth, Trends, Analysis, Future Scope, 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 2023
Folding Cartons Market Overview
Folding cartons synonyms with packaging as they have proven to be far more effective for protecting goods & fresh produces. Due to their extremely durable, versatile, economical, and lightweight structure, folding cartons can withstand substantial mechanical stress. In the situation where ecological concerns are making news headlines every day, folding boxes that are made of recycled materials make perfect packaging solutions.
Acknowledging the growth of the market, Market Research Future (MRFR) asserts that the global folding cartons market is estimated to perceive a moderate growth by 2023, registering a steady CAGR throughout the forecast period (2017 – 2023). Increasing applications across some of the burgeoning industries, mainly, food & beverages, personal care, pharmaceuticals & healthcare, and electronic goods, have contributed a significant share in the overall market growth.
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Players leading the global folding carton market include
- Westrock Company (US)
- Amcor Limited (Australia)
- Huhtamaki Oyi (Finland)
- Sonoco Products Company (US)
- KapStone Paper and Packaging Corp. (US)
- Georgia-Pacific LLC (US)
- Graphic Packaging Holding Company (US)
- Rengo Co. Ltd. (Japan)
- Schur Pack Germany GmbH (Germany)
- Multi Packaging Solutions Inc. (US) among others.
Industry/ Innovation /Related News
June 03, 2019 ---– LBP Manufacturing LLC (US), a leading global manufacturer of sustainable, over-the-counter foodservice packaging solutions, announced the acquisition of Union Packaging (the US), a leading producer of folding cartons for food packaging and disposable food containers.
In addition to expanding LBP’s folding carton capabilities, the acquisition of Union Packaging would also expand LBP’s product offering, providing customers with a full suite of folding carton and corrugated packaging solutions.
May 22, 2019 --- Edelmann GmbH (Germany), one of the leading manufacturers of folding cartons with expanding operations in rigid boxes and leaflets, demonstrated its technology Landa S10 as it moved towards commercialization. Landa S10 is designed for folding carton production for packaging and convertible companies. The company aims to step up its press installations through the rest of 2019.
For a better understanding, the Folding Cartons Market report has been segmented into three key dynamics:
By Wall Construction : Single-wall Corrugated Sheet, Double-wall Corrugated Packaging, and Triple-wall Corrugated Packaging.
By End-user : Healthcare, Household, and Personal care among others.
By Regions : North America, Europe, Asia Pacific, and the Rest-of-the-World.
Global Folding Cartons Market – Geographical Analysis
The Asia Pacific region would continue its dominance over the global folding cartons market throughout the forecast period. The regional market is led by the burgeoning e-commerce industry that is fueled by the increasing cross-border trade and massive demand for online shopping. Also, the augmented demand for convenient-packaged food products is fostering the growth of the regional market.
Organized retailing is catching momentum in various rapidly developing countries such as India and China, which is estimated to support the regional market to grow further in the future. Heading with the lucrative opportunities in the packaging industry led by the growing e-commerce industry, the APAC region would create a larger revenue pocket over the forecast period.
The European region is estimated to demonstrate a steep rise in the demand over the forecast period, ranking second in the global folding cartons market. The emergence of diversified technologies is creating exciting opportunities in the packaging industry in the region. Moreover, the increasing demand for small electrical appliances, including smartphones, is expected to expand the regional market, driving the consumption of mini-flute corrugated, folding carton packaging.
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Folding Cartons Market – Competitive Analysis
Highly competitive, the folding cartons market appears fragmented due to the presence of several big and small-scale players. Key players form a competitive landscape, adopting strategic trends such as acquisition, collaboration, and partnership. To meet their business expansion goals, they acquire promising companies in the emerging markets.
These players are also keen on taking care of ecological norms. While manufacturing cardboard boxes, they reinforce corrugation inside the panels without affecting the containers which reduce both production cost and wastages.
In order to create new opportunities in the market; manufacturers rely on innovation, keeping themselves abreast of the new technologies and latest consumer trends. They continually invest their time and money into developing the latest technologies which can increase productivity and add value.
Related News : http://www.marketwatch.com/story/corrugated-boxes-market-2019-top-key-players-global-size-industry-share-trends-business-analysis-development-demand-outlook-growth-sales-and-regional-forecast-to-2023-2019-06-03
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