Global Folding Cartons Market – Industry Trends and Forecast to 2030

Global Folding Cartons Market, By Structure Type (Straight Tuck End, Reverse Tuck End, Tuck Top Auto-Bottom, Tuck Top Snap-Lock Bottom, Full Seal End, Double Glued Sidewall, Others), Wall Construction (Single-Wall Corrugated Sheet, Double-Wall Corrugated Packaging, Triple-Wall Corrugated Packaging), Material Type (Biopolymer, Paper, and Paperboard, Plastics, Others), Dimension Type (Less than 4 X 1.5 X 6 (Inch), 4 X 1.5 X 6 to 6 X 4 X 10 (Inch), 6 X 4 X 10 to 10 X 6 X 12 (Inch), 10 X 6 X 12 to 12 X 8 X 14 (Inch), More than 12 X 8 X14 (Inch)), Order Type (Customized, Standard), End User (Food, Beverage, Cosmetic and Personal Care, Institutional, Healthcare, Household, and Electrical and Electronic, E-Commerce, Tobacco, Others) – Industry Trends and Forecast to 2030.

Folding Cartons Market Analysis and Size

Folding cartons are a significant part of the packaging industry. Today, a large number of organizations are choosing environmentally responsible solutions. Folding cartons are one of the most widespread consumer packagings on the market. These packagings are both extremely adaptable and cost-effective. These may also be used in retail and are mainly helpful for showcasing products to increase client purchases.

Data Bridge Market Research analyses that the folding cartons market is expected to reach USD 257.15 billion by 2030, which was USD 165.03 billion in 2022, registering a CAGR of 5.70% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Folding Cartons Market Scope and Segmentation

Market Definition

A folding carton is a rectangular container that is used for the packaging of various products. Folding carton is made up of paperboard, and the sustainability of paperboard at a lower cost makes it a popular packaging option among end-use industries. The folding carton is available in numerous colors, sizes, and designs. It can be customized according to the need of the customer. A folding carton is used for packaging products for storage and shipment.

Folding Cartons Market Dynamics

Drivers

• Increasing usage of folding cartons in the tobacco industry

The growing usage of folding cartons in tobacco packaging because of its printability and convenience will likely generate immense opportunities within the market. The tobacco industry has been accounting for significant traction despite the severe bans and taxation, mainly because of the growing demand from the millennial population. Growing stress levels among the younger population have also increased the demand for tobacco-based products such as cigarettes. Thus, the growth of the tobacco industry will likely generate significant demand for folding cartons during the forecast period.

• Growing usage of paper and paperboard folding cartons by manufacturers and retailers

The increasing usage of paper and paperboard folding cartons by product manufacturers and retailers will likely impede the market growth. The paper and paperboard folding cartons can be efficiently stacked, stored, and viewed easily on retail shelves. Furthermore, folding cartons are eco-friendly and recyclable, which improves the long-term value of products without affecting the quality of the environment. Therefore, manufacturers and retailers' increasing usage of paper and paperboard folding cartons boost the market growth.

 Opportunities

• Growth and expansion of the electrical and electronics sector

The electrical and electronics end-use sector is projected to grow significantly during the forecast period. Increasing technological advancement has been leading to the growth of various electronic products. Furthermore, the increasing expansion of compact-sized electrical products also provides lucrative opportunities for the manufacturer in the folding carton because the folding carton is the perfect packaging solution for compact-sized electrical products. Thus, the sturdy growth of the electrical and electronics industry is expected to impact the demand for folding cartons in the upcoming few years.

• Increasing popularity of smart folding cartons

The growing popularity of smart folding cartons is also raising the market's growth. The demand for smart folding cartons is growing because of the increasing requirement for modern packaging applications such as clinical monitoring. It progresses in the printed electronics innovation, leading to the advancement in smart packaging. Furthermore, smart folding cartons allow merchants to track the package all over the delivery cycle, as they give customers product data using Q.R. codes for clients. Therefore, the growing popularity of smart folding cartons will create ample opportunities for market growth.

Restraints/ Challenges

• Fluctuating prices of raw materials

Fluctuation in the price of raw materials, such as wood pulp prices, because of the demand-supply gap is expected to impact the growth of the folding cartons market negatively. This factor leads to a significant reduction in the profit margin of the manufacturers in the folding carton market which may hamper the market growth during the forecast period.

• Presence of alternative options

The availability of folding cartons alternatives, such as thinner corrugated board, is expected to hamper the market's growth. Thinner corrugated board can be used as a substitute to add protective cushioning to fragile products without sacrificing print quality which may hamper the demand for folding cartons in the market.

This folding cartons market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the folding cartons market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In 2022, WestRock announced its partnership with Recipe Unlimited. With this partnership, they will launch a range of paperboard packaging that can be recycled. The main goal of this partnership is to prevent around thirty-one million plastic containers from ending up in landfills in Canada.
• In 2021, A.R. Packaging announced its merger with Firstan Limited to reinforce its position in the United Kingdom. With this merger, A.R. Packaging will contribute to U.K. medical and food services clients by developing nearby collapsing container creation, with a production line in Cambridgeshire, Godmanchester. First Limited manufactures folding cartons that offer cartons for food and drug areas, amongst others.

Global Folding Cartons Market Scope

The folding cartons market is segmented on the basis of structure type, wall structure, material type, dimension type, order type, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Structure Type

• Straight Tuck End
• Reverse Tuck End
• Tuck Top Auto-Bottom
• Tuck Top Snap-Lock Bottom
• Full Seal End
• Double Glued Sidewall
• Others

 Wall Construction

• Single-Wall Corrugated Sheet
• Double-Wall Corrugated Packaging
• Triple-Wall Corrugated Packaging

 Material Type

• Biopolymer
• Paper and Paperboard
• Plastics
• Others

 Dimension Type

• Less than 4 X 1.5 X 6 (Inch)
• 4 X 1.5 X 6 to 6 X 4 X 10 (Inch)
• 6 X 4 X 10 to 10 X 6 X 12 (Inch)
• 10 X 6 X 12 to 12 X 8 X 14 (Inch)
• More than 12 X 8 X14 (Inch)

Order Type

• Customized
• Standard

End User

• Food
•  Frozen Food
• Fresh Food
• Bakery and Confectionery
• Ready to Eat Meal
• Baby Food
• Pet Food
• Other Food
• Beverage
• Alcoholic Beverage
• Non-Alcoholic Beverage
• Cosmetic and Personal Care
• Institutional
• Healthcare
• Household
• Electrical and Electronic
• E-Commerce
• Tobacco
• Others

Folding Cartons Market Regional Analysis/Insights

The folding cartons market is analysed and market size insights and trends are provided by country, structure type, wall structure, material type, dimension type, order type, and end user as referenced above.

The countries covered in the folding cartons market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa

Asia-Pacific dominates the folding cartons market due to the growth and expansion of this region's bakery and confectionery market. Furthermore, rapid growth in modern retail outlets will further boost the market growth in this region.

North America is expected to be the fastest developing region during 2023-2030 due to the increasing demand for folding cartons for foods and beverages. Moreover, rapid growth in modern retail outlets will further boost the market growth in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Folding Cartons Market Share Analysis

The folding cartons market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to folding cartons market.

Some of the major players operating in the folding cartons market are:

• WestRock Company (Ireland)
• Georgia-Pacific (U.S.)
• International Paper (U.S.)
• Amcor plc (Switzerland)
• Sonoco Products Company (U.S.)
• DS Smith (U.K.)
• Huhtamaki (Finland)
• Mondi  (U.K.)
• Smurfit Kappa (U.S.)
• Rengo Co. Ltd (Japan)
• Graphic Packaging International LLC (U.S.)
• Oji Holdings Corporation (Japan)
• Stora Enso (Finland)
• Mayr-Melnhof Karton AG (Austria)
• Pactiv Evergreen Inc. (U.S.)
• Keystone Paper & Box Company, Inc (U.S.)