June 16, 2022 03:48 ET | Source: Market Research Future Market Research Future
New York, New York, UNITED STATES
New York, USA, June 16, 2022 (GLOBE NEWSWIRE) -- Folding Cartons Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “Folding Cartons Market Information by Wall Construction, End User, And Region - Forecast till 2030”, the market is estimated to grow at a 4.70% CAGR to reach USD 134,801.20 Million by 2030.
Folding cartons are made of paperboard, and the vast availability and inexpensive cost of paperboard make them a popular packaging solution among end-use industries. Furthermore, compared to bulkier packaging solutions, folding cartons may be created in various sizes depending on the end-use application, which further attracts end-user industries to the packaging. The folding carton packaging solution is the most cost-effective packaging choice, and it can be produced in a variety of sizes, making it suitable for a wide range of applications. The increasing demand for frozen or chilled food, cigarettes, and dry food worldwide significantly impacts the folding carton industry's growth. In the folding cartons sector, sustainability and recyclability have become increasingly significant. Manufacturers are developing carton fibers derived from responsibly managed forests and trees. These fibers are gaining traction as a viable replacement for fossil polymers and other non-renewable materials.
Established packaging firms are progressively investing in recyclable folding cartons to reduce environmental impact. Thanks to tamper-evident closures and labeling, consumers and vendors can tell if a product has been tampered with or previously opened. Holographic seals and labels with high-end printing capabilities that are difficult to copy are being used by packaging companies. Manufacturers can track the movement of their items using other overt authentication technologies such as customized 2D and QR codes.
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The top companies in the folding cartons market are:
The market for folding cartons is booming due to rising consumer preferences for biodegradable packaging and rising product values for products packed in biodegradable packaging. Furthermore, the potential benefits of folding cartons, such as their sustainability and availability, have prompted potential end-user applications to employ folding cartons, boosting the exponential development of the folding cartons sector. Manufacturers are hard at work, creating various designs to meet the demands of end-user applications. In addition, packaging material makers are leaning toward providing package materials with high printability and rigidity and advanced tracking technologies like RFID and others.
Since folding cartons are suitable carriers of these tracking technologies, the folding cartons market is likely to grow at a healthy pace throughout the forecast period. The innovations in the folding cartons industry are presenting profitable chances for the overall expansion of the folding cartons industry by bringing in a variety of positive attributes while giving better aesthetic value and protection at a reasonable price point.
The price fluctuation of wood pulp or other raw materials used in the manufacturing of folding cartons is one of the primary restrictions on the folding cartons market's growth. Unanticipated orders and periodic variations in box amounts are causing problems in the manufacturing facilities. The significant barriers to developing the folding cartons market are installing packing equipment and other critical obstacles. The paper industry's issues affect the overall expansion of the folding cartons market. Paper is an indispensable raw material for the manufacture of folding cartons. Hence a fall in paper output impacts the folding carton market's growth. Scarcities and weak infrastructure in emerging nations are substantial obstacles to the folding carton industry's overall expansion.
Browse In-depth Market Research Report (111 Pages) on Folding Cartons: https://www.marketresearchfuture.com/reports/folding-cartons-market-5014
The COVID pandemic has wreaked havoc on the supply chain and demand in various industries. Furthermore, the restricted availability of raw materials required by manufacturing companies, workforce shortages, and other challenges have caused substantial disruption in the industrial sector's core business processes. Consumer goods and electronics demand has been diminished due to these issues. The rising number of emergencies worldwide has reduced demand for a variety of products and services. Because of these factors, they no longer need to be packed and sent. As a result, the overall expansion of the folding cartons industry has slowed dramatically.
However, during the pandemic, the utilization of health supplies and food increased, propelling the folding cartons industry's total expansion. During the pandemic, the transportation and packaging sectors were only functioning for the most needed items and services, which positively impacted the folding cartons market growth.
The double-wall corrugated packaging is estimated to take the lead in the forecast period.
The Healthcare segment is estimated to control a significant portion of the overall market.
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North America currently has the most significant market share in the folding cartons business, owing to the rising demand for eco-friendly packaging materials and the increased adoption of innovative technologies in the region. On the other hand, the Asia-Pacific area is seeing significant growth in the folding cartons business, with China being the largest consumer of packaged goods due to its convenience and aesthetic value. Furthermore, Chinese customers are more oriented toward packaged items, propelling the folding cartons market forward.
Furthermore, the low manufacturing costs in China are creating profitable chances for the folding cartons market. Additionally, the rising demand for convenient food and packaging sectors and goods is propelling the overall growth of the folding cartons market. The Asia-Pacific area is a crucial producer of electronics and electrical equipment, which helps move the folding carton sector forward. Furthermore, government organizations in the region have restricted the use of single-use plastic packaging; as a result, the use of sustainable packaging has expanded.
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