As per the TMR report, global folding cartons market is expected to consume 29,036,000 tonnes by the end of 2025 in terms of volume. The market is projected to rise at a steady CAGR of 4.7% over the forecast period of 2017 to 2025 in terms of volume.
Key players in the global folding cartons are focusing on product proliferation to strengthen their market hold, states a newly launched market intelligence report by Transparency Market research (TMR). Apart from this, increasing investments form top players for development of advance techniques is boosting the global folding cartons market. Some of the predominant players operating in the market are Westrock Company, Amcor Limited, Huhtamaki Oyi, Sonoco Products Company, and AR Packaging Group AB.
Among all the regions, Asia Pacific is dominating in terms of value and volume owing to the rising trend of packaged food across the developing countries such as China and India. On the basis of end user, food and beverage industry accounts for a large market share. The same is expected to continue in the near future as well. One of the major factors behind the growth of this end use, the segment is leading to the increasing consumption of folding cartons.
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Changing Lifestyle and Eating Habits to Bolster Growth
The increasing demand for folding carton for several applications is fueling the growth of the global folding cartons market. This is mainly due to rise in consumption of packaged food owing to the changing lifestyle of people. Further, manufactures of folding cartons market are focusing on advanced product development techniques to cater rising adoption from end users.
Furthermore, increasing investment for use of latest technologies and new product launch by manufacturers are some other factors addressing the growing demand for folding cartons. Some other factors such as favorable demographics, increasing disposable income, rising consumer awareness, and demand for processed food are driving this market. To serve this, suppliers and product manufacturers are adopting unit-level and small-sized packaging machinery. These factors are boosting the global folding cartons market.
Fluctuations in Wood Pulp Price May Hinder Prospect of Market
One factor which may dampen the growth of the global folding carton market is regular fluctuations in wood pulp price. This may have a negative impact on the growth of the market. For the past few years, the prices for paper has been increasing at an alarming rate due to demand supply gaps globally.
The review is based on a Press-Release Published by Transparency Market Research @ https://www.transparencymarketresearch.com/pressrelease/folding-cartons-market.htm