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Folding Cartons Market - Rapid Growth & Forecast
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The Folding Cartons market 2020 study by Market Research Future offers comprehensive analysis by saying that the market is anticipated to witness significant momentum during the years from 2017 to 2023. The growth rate is likely to high than the previous years owing to the inception of new strategies and respective market shares of some of the most prominent players in this landscape. Along with this, in-depth commentary on the key influencing factors, market statistics in terms of revenues, segmental data, and regional data are equally offered in the study that captures all the facets of the evolving global folding cartons market.
Segmentation of Market
Depending on the wall-construction segment, the market includes a single wall corrugated sheet, double-wall corrugated packaging, and triple wall corrugated packaging.
Depending on the end-user segment, the market includes healthcare, household, personal care, and more.
Regional Outlook
Asia Pacific has created a record of being a significant folding cartons market share. The region will be continuing with its leadership in the market for the coming years of expansion. The rise is attributed to the growth in the revenue share with the augmented demand for conveniently packaged food products from consumers in the region. In fact, the developed retail sector in many parts of the region is also expected to contribute to the growth of the market in the future. The developing economies such as China and India are the key market zones for all that goes up in the shares.
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Europe region ranks second amongst other key regional markets for the folding cartons market. The region might also display a vertical rise in the demand for folding cartons over the foretell period. Whereas, North America and Latin America regions are estimated to acquire a collective share of nearly 26.3% by the year-end 2025.
Market Players
The well-known players in the global folding cartons market include Westrock Company (U.S.), Amcor Limited (Australia), KapStone Paper and Packaging Corp. (U.S.), Huhtamaki Oyi (Finland), Georgia-Pacific LLC (U.S.), Sonoco Products Company (U.S.), Graphic Packaging Holding Company (U.S.), Rengo Co. Ltd. (Japan), Multi Packaging Solutions Inc.( New York) and Schur Pack Germany GmbH (Germany).
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