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Folding Cartons Market size was valued at USD 156.41 billion in 2019 and is poised to grow from USD 163.92 billion in 2023 to USD 249.96 billion by 2031, growing at a CAGR of 4.8% in the forecast period (2024-2031).

Folding Cartons Market is highly fragmented due to the presence of many prominent players who apply various strategies to expand their market share and dominate the market. Some key players include WestRock Company, Bell Incorporated, Graphic Packaging International, LLC and Amcor Limited among others. The market's leading players are looking forward to increasing their investments in the creation of new products for fulfilling the consumers needs. 'WestRock Company', 'Graphic Packaging International LLC', 'International Paper Company', 'Smurfit Kappa Group plc', 'Huhtamaki Oyj', 'Amcor plc', 'DS Smith plc', 'Sonoco Products Company', 'Mayr-Melnhof Karton AG', 'AR Packaging Group AB', 'Bell Incorporated', 'Georgia-Pacific LLC', 'Clearwater Paper Corporation', 'Colbert Packaging Corporation', 'Menasha Packaging Company, LLC', 'Graphic Packaging Holding Company', 'KapStone Paper and Packaging Corporation', 'Great Northern Corporation', 'Accurate Box Company Inc.', 'Multi Packaging Solutions International Limited'

The demand for folding cartons over plastic packaging is increasing due to the growing need for environmentally friendly packaging options worldwide. Folding cartons are an environmentally friendly, biodegradable packing material. The primary factors driving the folding cartons market are the escalating worries about the buildup of plastic waste on a scale, the expansion of government measures to encourage sustainability, and the manufacturers' changing attention to eco-friendly packaging.

The market environment for anti-counterfeit packaging solutions is evolving considerably. Consumers and sellers can determine if a product has been altered or previously opened thanks to tamper-evident closures and labelling. Holographic seals and labels with advanced printing capabilities that are challenging to copy are being used by packaging businesses. Manufacturers can follow the movement of their items using other overt authentication technologies such customised 2D and QR (quick response) codes. Folding cartons, on the other hand, are being used to implement covert authentication systems like digital technology. Inks that respond to ultraviolet and infrared light can be used to check the authenticity of packaging.

Asia Pacific region amounted for the largest share of the folding cartons market in 2021. Over the course of the forecast period, factors such shifting consumer lifestyles, increased disposable incomes, and expanding demand for packaged goods like ready-to-eat meals are anticipated to boost folding carton demand. Additionally, the demand for packaged food goods has been fueled by the region's expanding organised retail chain presence, which is advantageous for the industry. Due to its stiffness and durability, folding cartons are frequently chosen by e-commerce businesses to transport goods to customers. As a result, it is further projected that the region's accelerating e-commerce sector would boost market growth in the years to come.

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Global Folding Cartons Market

Product ID: SQMIG15H2011

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