Folding Carton Market in North America to Grow at a CAGR of 5.19% from 2022 to 2027

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14 Jul, 2023, 22:45 ET

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NEW YORK, July 14, 2023 /PRNewswire/ -- The North America Folding Carton Market is estimated to grow at a CAGR of 5.19% between 2022 and 2027. The market size is forecast to increase by USD 3,157.57 million according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies, such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors, including Amcor Plc, Arkay, Astro Box Corp., BC Box Manufacturing Ltd., Bell Packaging Ltd., Cross Country Box Co. Inc., Diamond Packaging, Edelmann Group, Graphic Packaging Holding Co., Great Little Box Co. Ltd., Imperial Printing and Paper Box Mfg. Co., Industrial Development Co. sal, International Paper Co., Laural Packaging Group South Inc., Oliver Inc., Rinaldi Printing Co., Service Die Cutting and Packaging Corp., WestRock Co., Koch Industries Inc., and Smurfit Kappa Group,- Download a Sample Report Now!

North America Folding Carton Market Insights -

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North America folding carton market - Customer LandscapeTo help companies evaluate and develop growth strategies, the report outlines –

Key Driver - Increasing use of eco-friendly materials in packaging is the key driver for the growth of the market. Eco-friendly packaging refers to the use of materials that are recyclable, biodegradable, reusable, and non-toxic, which has a low impact on the environment. Awareness of the need to use eco-friendly packaging material among end-users, such as the food and beverage industry and manufacturers of household care products, is increasing continuously. For instance, in 2020, Coca-Cola pledged to collect and recycle the equivalent of every bottle, or they sell by 2030 and to make all its packaging 100% recyclable by the same year.

Additionally, folding cartons use materials such as paperboard, which are recyclable and biodegradable. For that reason, these materials do not have a negative impact on the environment. The environmental benefits of folding cartons have encouraged various vendors to offer folding cartons that contain a high proportion of recycled paper. Moreover, the leftover scrap from the production of folding cartons can be used to pose new folding cartons that can then be recycled once more. Thus, the increasing use of eco-friendly materials in packaging is driving the growth of the North America folding carton market during the forecast period.

Leading Trend - The rise in M&As in the North American folding carton market is one of the key trends driving the growth of the market.

Significant challenges - Volatility in the prices of raw materials used in the manufacturing of folding cartons is challenging the growth of the North America folding carton market.

Find more insights on trends and challenges from a sample report!

The folding carton market in North America report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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Folding Carton Market Scope in North America

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.19%

Market growth 2023-2027

USD 3,157.57 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.78

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Amcor Plc, Arkay, Astro Box Corp., BC Box Manufacturing Ltd., Bell Packaging Ltd., Cross Country Box Co. Inc., Diamond Packaging, Edelmann Group, Graphic Packaging Holding Co., Great Little Box Co. Ltd., Imperial Printing and Paper Box Mfg. Co., Industrial Development Co. sal, International Paper Co., Laural Packaging Group South Inc., Oliver Inc., Rinaldi Printing Co., Service Die Cutting and Packaging Corp., WestRock Co., Koch Industries Inc., and Smurfit Kappa Group

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Material

7 Market Segmentation by End-user

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com

SOURCE Technavio