The Global Folding Carton Market 2016-2020 is a new research report added to SandlerResearch.org. One of the major trends in the folding carton market is the increase in technological innovations. With the use of the latest technologies and designs, vendors are launching new products to address the growing demand for folding cartons.
Complete report on folding carton market spread across 77 pages, analyzing 5 major companies and provides 44 data exhibits is now available at http://www.sandlerresearch.org/global-folding-carton-market-2016-2020.html
The analysts forecast the global folding carton market to grow at a CAGR of 4.12% during the period 2016-2020. The growing demand for packaged foods products is driving the growth of the market. This increase in demand is a result of the rise in population and increase in disposable income of consumers in many parts of the world. This will also lead to a rise in demand for folding cartons used for packaging.
The food products segment dominates the folding carton market and will account for close to 27% of market share by 2020. Increased demand for convenience foods from consumers around the globe and organized retailing has resulted in higher demand for folding cartons. Food vendors are under pressure to offer products with a long shelf life and attractive packaging to gain customer attention.
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The APAC region accounted for the largest market share of close to 42% during 2015. This market share is expected to increase by the end of the forecast period. China is the leading user of folding cartons, accounting for over 50% of the overall consumption. Most of the demand for such packaging is from the food and beverages industry. New manufacturing technologies are also driving the growth of the folding carton market in this region.
The global folding carton market is highly competitive with the presence of several leading vendors. Though there is no specific vendor who dominates any of the paperboard segments, the overall market is dominated by a few large firms. Competition is intense in the areas of pricing, design, innovation, service and quality. Larger vendors are following an inorganic growth strategy to expand their global presence.
Global Folding Carton Market key players are all Packaging Company, Bell Incorporated, Graphic Packaging, Mayr-Melnhof Karton, Smurfit Kappa, and WestRock. Other Prominent Vendors in the market are: Amcor, AR Packaging, Arkay Packaging, Artistic Carton, Atlas Holding, Belmark, Caraustar, Cherokee Packaging, Colorpack, Craftsman Packaging, Cross Country Box Company, Delta Packaging, Diamond Packaging, F.P. Woll, Fleetwood-Fibre Packaging, Gillis & Lane, Imperial Packaging, International Paper, J.I.T Manufacturing and Packaging, Laural Packaging Group, Menasha Packaging, Midlands Packaging, National Carton, Pacific Southwest Container, Patmar, Riverside Paper, Service Die Cutting & Packaging, Sonoco, Sterling Contract Packaging, Tap Packaging Solutions, Ultra-tech Printing, Unipak, and Van Genechten.
Further, the report states that growing cost of primary raw material has hindered the growth of the market.
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