Carton Packaging Market by Share, Size, Revenue, Top Manufacturers and Forecast
Carton Packaging Market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global market. The global carton packaging Market size is projected to reach a CAGR of 8.39% to 2030.
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Folding carton is made up of paperboard, wide availability, and sustainability of paperboard at a lower cost makes folding carton a popular packaging choice among end-use industries. Besides, folding cartons can be produced in varied sizes as per end-use application as compared to bulkier packaging solutions this further attract end-user industries towards the packaging.
Regional Analysis
APAC accounted for the largest share of the Carton Packaging Market. The paper & paperboard packaging market in APAC is driven by the demand from countries such as China, Japan, and India. The market for paper & paperboard packaging in APAC is expected to increase in the next five years due to increasing disposable income of people in developing countries and more dependence on convenience food, the packaging industry is booming in the Asia-Pacific region
Recent Developments
International Paper completed the acquisition of two state-of-the-art corrugated box plants of Ortloff Engineers, Ltd. (Germany). This purchase will enhance the capabilities of the company in Madrid and Catalonia. It offers its customers high-quality packaging solutions in the industrial, fresh fruits and vegetables, and e-commerce segments.
Key Players: Carton Packaging Market
· WestRock Company
· Bell Incorporated
· Graphic Packaging International
· LLC
· Amcor Limited
· Huhtamaki Oyi
· Sonoco Products Company
· Georgia-Pacific LLC and More
Carton Packaging Market is segmented into End Use and Region.
On the basis of End Use
· Food & Beverages
· Household
· Tobacco
· Electrical & Electronics
· Others
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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