Folding Cartons Market the Development Strategies Adopted by Major Key Players And To Understand The Competitive Scenario.
The global folding cartons market size is expected to gain momentum due to the increasing demand from the food & beverage sector during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Folding Cartons Market, 2021-2028.” It is one of the most popular packaging materials in the retail sector for packing consumer goods and products. It is made of paperboard, and eco-friendly, cost-effective packaging is expected to drive the market. The increasing demand for food & beverage, dry food, frozen food, cigarettes, and others are major contributing factors.
Segments
By type, the market is segmented into single-walled corrugated packaging, double, triple, and others. On the basis of end-user industry, the market is segregated into food & beverages, household, personal care & cosmetics, healthcare, tobacco, electrical & electronics, and others. On the basis of geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
What does the Report Offer?
The report is a collection of first-hand knowledge, qualitative and quantitative analysis by industry analysts, and input from industry professionals and value chain players—an in-depth overview of current research and clinical advancements in the folding cartons.
Drivers & Restraints
Increasing Demand from E-Commerce Industry to Stimulate Growth
The global folding cartons market growth is expected to grow due to the rising demand for e-commerce during the projected period. The e-commerce business has grown significantly, with Amazon employing cardboard boxes for the majority of its packaging. The increasing public awareness over the generated waste is expected to drive the government to implement guidelines encouraging citizens to use sustainable packaging options such as folding cartons or corrugated boxes.
REGIONAL INSIGHTS
Increasing Production and Consumption to Promote Growth in Asia Pacific
Asia Pacific is expected to hold the largest global folding cartons market share during the forecast period. This is due to growing demand from food packaging, personal care, and rising production and consumption to drive the market in the region.
North America is expected to have a sizable share of the market. The rising demand for sustainable and eco-friendly packaging is the major contributing factor in the region.
Competitive Landscape
Manufacturers Focus on R&D Investments to Strengthen their Position
The industry is continuously attempting to place a greater emphasis on innovation in their core products to meet buyers' demands. With changing customer needs, technical innovation, and economic power shifts, the market is undergoing a number of changes. Government financing investments are increasing, and container improvement is progressing, which will be important contributors to the market's future growth.
Industry Development
April 2020: Graphic Packaging Holding Company acquired Grief Inc., for consumer packaging in various sectors such as healthcare, food, pharmaceuticals, and others.
List of Key Players Profiled in the Global Market for Folding Cartons:
Westrock Company
Graphic Packaging International
Amcor Limited
Sonoco Products Company
Bell Incorporated
Georgia Pacific LLC
Information Source: https://www.fortunebusinessinsights.com/folding-cartons-market-104898
Leave a Comment:
To notify a previous commenter, mention their user name: @peter or @peter-smith if there are spaces.
