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Folding Cartons Industry 2021 Trend, Analysis and Overview

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Rushab Adsule

The global folding cartons market size was assessed at USD 156.14 billion in 2021. The market is projected to grow from USD 162.50 billion in 2022 to USD 226.10 billion by 2029, exhibiting a CAGR of 4.8% during the 2022-2029 period. Extensive usage of folding cartons in cosmetics, packaging foods, electronics, and pharmaceutical sectors will propel market growth. These cartons are cost-effective, easily recyclable, and customizable, which boosts their adoption and demand, further aiding market growth. This information is provided by Fortune Business Insights, in its report titled, “Folding Cartons Market, 2022-2029.”

COVID-19 Impacts:

Supply Chain Disruptions Slowed Market Proliferation Amid the Pandemic

The spread of COVID-19 worldwide prompted governments to impose stringent social distancing norms and lockdowns. Manufacturing facilities were fully or partially closed in several economies to curb the spread of the pandemic, which caused supply chain disruptions and affected the folding cartons market growth negatively. But, the rising number of COVID-19 cases increased consumer demand for groceries and convenience and ready-to-eat food, which boosted the product demand worldwide.





Key Industry Development:

May 2022: SSA Amrutha Folder Tech announced the launch of a new carton-folding machine with updated features. The SSA 0088+ machine is highly capable of producing cartons similar to those produced in imported machines. It is also updated with 70% new features such as rollers, belts, and pressure systems.

List of Key Players Mentioned in the Report:

  • Westrock Company (Australia)
  • Amcor Limited (Australia)
  • Huhtamaki Oyj (Finland)
  • Graphic Packaging International (U.S.)
  • Mayr-MelnhofKarton AG (Austria)
  • Stora Enso Oyj (Finland)
  • Rengo Co., Ltd. (Japan)
  • Oji Holdings Corporation (Japan)
  • Smurfit Kappa Group (Ireland)
  • Seaboard Folding Box Company Inc. (U.S.)
  • Bell Incorporated (U.S.)
  • Schur Pack Germany GmbH (Germany)
  • Georgia-Pacific LLC (U.S.)
  • DS Smith Plc (U.K.)

Information Source: https://www.fortunebusinessinsights.com/folding-cartons-market-104898 

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