
Report ID: UCMIG15H2015
SkyQuest Technology's Folding carton packaging market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Folding Carton Packaging Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.
The global folding carton packaging market was valued at USD 119.04 billion in 2018, and it is projected to experience a compound annual growth rate (CAGR) of 5.3% during the forecast period. The increasing demand for biodegradable packaging instead of plastic packaging is expected to be the main driver for the growth of folding carton in the coming years. Folding carton, which is composed of paperboard, is a popular choice for packaging in various industries due to the widespread availability and sustainability of paperboard at a lower cost. Additionally, folding cartons offer the advantage of being produced in different sizes according to the specific application, in contrast to bulkier packaging solutions. This feature further appeals to end-user industries and attracts them towards adopting folding carton packaging.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Paper Packaging by segment aggregation, the contribution of the Paper Packaging in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15H2015
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