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Folding Cartons Market expected to grow at a CAGR of 5.2% to reach $56.7 billion by 2023

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Global Folding Cartons Market is accounted for $39.6 billion in 2016 and expected to grow at a CAGR of 5.2% to reach $56.7 billion by 2023. The market factors such as increase in developing countries with higher production and consumption of products, attractive and appealing packaging to entice customers, eco-friendly packaging and demand for good quality packaged foods are driving the market growth. However, the occurrence of substitutes for folding cartons packaging and economic conditions related to folding cartons manufacturing are inhibiting the market growth. The trend of industries to move towards single serve packs, introduction of smaller packs of their products, increasing requirement for additions to packaging such as QR codes, holographic images, Fresnel lenses and other 3D devices and the development of smart packaging are increasingly driving towards using folding cartons.

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The food products segment dominated the market due to demand for convenient packaged food products from consumers. The healthcare industry is the largest user of folding cartons, followed by the tobacco industry. Asia Pacific region is accounted for the largest market share as new manufacturing technologies are driving the growth of the market in this region. North America is the second largest contributor to growth of the market, due to the healthcare sector in the region. Europe and Latin America contribute their significant presence in the global market because of personal care and confectionary industries.

The key players in global Folding Cartons market are Amcor Limited, Graphic Packaging International, Inc, Artistic Carton Company, Cherokee Packaging Inc, Craftsman Packaging, Inc, F.P.Woll & Co, Smurfit Kappa, Menasha Packaging Company LLC, Midlands Packaging Corporation, WestRock Company, Laural Packaging Group and Pacific Southwest Container.

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Applications Covered:
-Healthcare
-Tobacco Products
-Personal Care
-Food
-Hardware and Electrical
-Paper Products
-Household Care
-Other Applications

Structures Covered:
-French Reverse tuck
-Standard Reverse tuck
-Rectangular Sleeve
-Standard Straight tuck
-Mailer Lock
-Bellows Tuck
-Tuck & Tongue
-Airplane Style Straight

Products Covered:
-Green Folding Cartons
-Plastic Folding Cartons
-Paperboard Folding Cartons

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