The analysts forecast global folding carton market to grow at a CAGR of 4.84% during the period 2017-2021. Commenting on the — folding carton market report. One trend in the market is premiumization of folding cartons. As the consumer lifestyle has upgraded cross the globe, demand for premium products has increased. Premium packaging is an indication of high-quality products inside the folding carton. Premium folding cartons have a metallic look along with innovative designs and patterns that draw the attention of consumers.
Key players in the global folding carton market: Graphic Packaging International, Smurfit Kappa, Sonoco, and WestRock, ALL PACKAGING COMPANY, Amcor, Bell Incorporated, Delta Packaging, International Paper, and Mayr Melnhof Karton.
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According to the folding carton market report, one driver in the market is increase in demand for folding cartons from healthcare sector. The demand for folding cartons is projected to witness a considerable boost from the healthcare industry during the forecast period. It is projected to be valued at more than $13 billion in 2021, and APAC is expected to dominate the demand in the same year. Folding cartons include paperboard cartons and cases that are widely used to contain, protect, and transport medical products and pharmaceutical drugs. The Association of Southeast Asian Nations (ASEAN) countries are expected to be the chief contributors to the increase in the demand for folding cartons in the healthcare industry, due to swift growth in population along with an increase in expenditure on healthcare.
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Further, the folding carton market report states that one challenge in the market is rise in cost of raw materials. The primary raw material used in the manufacturing of folding cartons is paper pulp. The prices of paper pulp are volatile because they depend on the supply and demand of the product. There has been a widening gap between the demand and supply of paper pulp for the last 4-5 years and this, in turn, has led to an increase in the cost of raw materials. Also, paper pulp is extracted from wood, and wood prices have witnessed an increment of around 13% since 2014. The price of wood pulp is projected to rise at an annual rate of around 5% by 2019.
Major Points from Table of Contents Provided in Global Folding Carton Market Report:
1: Executive Summary
2: Scope of The Report
3: Research Methodology
5: Market Landscape
6: Market Sizing
7: Five Forces Analysis
8: Market Segmentation By End-User
9: Regional Landscape
10: Decision Framework
11: Drivers and Challenges
12: Market Trends
13: Vendor Landscape
14: Vendor Analysis
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