Folding Carton Market Growing at 4% CAGR, to Hit $47 Billion by 2020

A major trend in the global folding carton market is an increase in technological innovations, wherein with the use of the latest technologies and designs, vendors are launching new products to address the growing demand for folding cartons. According to a new report by Sandler Research, Pune, India, analysts now forecast the global folding carton market to grow at a CAGR of 4.12% during the period 2016-2020.

The complete Sandler Research report on the folding carton market is spread across 77 pages, analyzing six major companies and providing 44 data exhibits. It is now available online. 

Growing demand for packaged foods products is driving the growth of the folding carton market. This increase in demand is a result of the rise in population and an increase in disposable income of consumers in many parts of the world. This will also lead to a rise in demand for folding cartons used for packaging.

This report covers the present scenario and the growth prospects of the global folding carton market for the period 2016-2020. To calculate the market size, the report considers revenue generated from the sales of folding cartons by vendors in the market.

The food products segment dominates the folding carton market and will account for close to 27% of market share by 2020. Increased demand for convenience foods from consumers around the globe and organized retailing has resulted in a higher demand for folding cartons. Food vendors are under pressure to offer products with a long shelf life and attractive packaging to gain customer attention. 

The APAC region accounted for the largest market share of close to 42% during 2015.  This market share is expected to increase by the end of the forecast period. China is the leading user of folding cartons, accounting for over 50% of the overall consumption. Most of the demand for such packaging is from the food and beverages industry. New manufacturing technologies are also driving the growth of the folding carton market in this region.

The global folding carton market is highly competitive, with the presence of several leading vendors. Though there is no specific vendor who dominates any of the paperboard segments, the overall market is dominated by a few large firms. Competition is intense in the areas of pricing, design, innovation, service and quality. Larger vendors are following an inorganic growth strategy to expand their global presence.

Another related report is Global Corrugated Box Market 2016-2020 that forecasts the worldwide corrugated box packaging market to grow at a CAGR of 5.04% during the period 2016-2020. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Browse the complete report online.