The global folding cartons market is presently driven by the burgeoning packaged food and beverage industry. Across several parts of the world, changing lifestyle and changing food habits are significant factors for the growth of packaged food and beverage industry. Packaged food manufacturers are adopting rigid packaging solutions that are appealing to consumers and are less likely to get damaged during transportation.
However, on the flip side, the availability of sturdy substitutes and low threshold strength of folding cartons due to use of recycled paper are challenging the market’s growth.
A report by Transparency Market Research (TMR) estimates the global folding cartons market to rise at a CAGR of 4.7% during the forecast period from 2017 to 2025. At this pace, the opportunities in the global folding cartons market are estimated to swell up to US$57,692.1 mn by the end of 2017. Vis-à-vis volume, the market is expected to peg a consumption of 29,036’000 tonnes by 2025.
Food and Beverages Segment to Remain Attractive through 2025
By structure type, the global folding cartons market is divided into straight tuck end, reverse tuck end, tuck top auto-bottom, tuck top snap-lock bottom, full seal end, double glued sidewall, and others. On the basis of dimension, folding cartons market is segmented into 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), and more than 12 X 8 X14 (Inch). Of them, less than 4 X 1.5 X 6 (Inch) segment is estimated to display a CAGR of 4.9% during the forecast period and hold more than 30% market share by the end of 2025.
By end-user industry, the global market for folding cartons is segmented into food and beverages, cosmetic and personal care, healthcare, household, institutional, electrical & electronics, and other industry. Of them, food and beverage segment is anticipated to display a prominent 4.9% CAGR between 2017 and 2025; the segment is likely to hold more than 50% share of the market by the end of 2025.
In terms of order type, the folding cartons market is bifurcated into customized order and standard order. The customized order segment is likely to register a CAGR of 5.1% over the forecast period and display the leading incremental dollar opportunity in this period.
Latin America to Emerge as Lucrative Market
The global folding cartons market can be classified based on region into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. Asia Pacific is a prominent region for folding cartons, going forward too the region is anticipated to hold on to its key position. The demand in the region is anticipated to attract a revenue of US$39035.5 mn by the end of 2025. This is mainly because of growth of bakery and confectionery market and surge in number of modern retail outlet.
Europe ranks second amongst other key regional markets for folding cartons. The region is expected to display a steep rise in the demand for folding cartons over the forecast period. On the other hand, North America and Latin America are anticipated to account for a collective share of nearly 26.3% by 2025.