Carton Packaging Market - Trends Forecast Till 2028

Market Overview

The global carton packaging Market size is projected to reach a CAGR of 8.39% from 2022-2028.

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.

Increasing preference for biodegradable packaging over plastic packaging is the major factor that has supported long-term expansion for Carton Packaging Market.

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.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• WestRock Company
• Bell Incorporated
• Graphic Packaging International
• LLC
• Amcor Limited
• Huhtamaki Oyi
• Sonoco Products Company
• Georgia-Pacific LLC

Recent Developments

• In March 2021, 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.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Carton Packaging Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope