Bizizz Market Research has recently published a research report, “Folding Cartons Market By structure Type (Reverse tuck end, Straight tuck end, Tuck top snap-lock bottom, Tuck top auto-bottom, Full seal end and Others), Payload (Cosmetics & Personal Care, Food & Beverages, Household, Healthcare, Electrical & Electronics, Institutional and Other Industries), order type (Standard and Customized) Application (Precision Agriculture, Retail, Media & Entertainment), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Folding Cartons Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 3.54 Bn by 2027, witnessing a CAGR of 2.1 % during the forecast period. Key drivers of the market are increased demand from the retail industries coupled with changing lifestyle of end-users are propelling its demand.
Folding carton is considered to be the most prominent and common forms of consumer packaging solutions. They are hugely utilized in retail packaging and various other industries such as FMCG and others. Increased concerns about product standards and ease of handling are encouraging the demand for folding cartons. Shifting food habits and lifestyles are vital elements propelling the growth of folding cartons market during the forecast period. The global market of folding cartons is being driven by the increasing food and beverage packaging industry.
The Folding Cartons market is anticipated to register a CAGR of over 3.5% during the forecast period.
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By End-user, Straight Tuck End segment held a key share in Global Folding Cartons Market in 2018.
The straight tuck end market is recognized as the general structure in the folding cartons market and is mostly preferred by end users. The adoption of Straight tuck end structure is propelling the demand for growth rate value for folding cartons market. The folding cartons market is anticipated to the most lucrative segment in the market and expected to witness an expanding CAGR of xx% by 2027.
Asia pacific region is anticipated to Dominate the Global Folding Cartons Market during the Forecast Period.
The Asia pacific region is leading in the folding cartons products that is led by China market is about to have a considerably raising at a good rate during the forecast period. Chinese consumers are shifting their preferences in packaged goods providing comfort, esthetics and lifestyle branding. Such trends in the growing demand for packaged food products are propelling the growth of this country’s folding carton packaging market. The China is one of the largest sources of folding cartons, in terms of volume and value, due to country’s low cost of manufacturing decreases the shipping costs of these products. Moreover, these countries are also leading in increasing in online grocery shopping in Asia pacific countries.
Global Folding Cartons market was moderately consolidated with key players accounting for significant share in 2018. The organizations are competing in the market by offering end-user specific folding cartons.
Prominent players operating in the Global Folding Cartons Market are Mayr Melnhof Carton, Graphic Packaging Internatinal, Melnhof Carton, WestRock company, Seaboard Folding Box, Quad Graphics Inc., Smurfit Kappa Group, among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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