The Folding Carton Packaging Market Report 2019-2023 focuses on the global Folding Carton Packaging status, future forecast, growth opportunity, key market, and key players.
The Folding Carton Packaging Market report studies the global market size of Folding Carton Packaging in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Folding Carton Packaging in these regions. This research report categorizes the global Folding Carton Packaging market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.
Get Sample Copy of this Report – https://www.360researchreports.com/enquiry/request-sample/13103175
The various contributors involved in the value chain of Folding Carton Packaging include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Players covered in this study:-
- WestRock Company
- Bell Incorporated
- Graphic Packaging International
- Mayr Melnhof Packaging International GmbH
- Smurfit Kappa Group
- Seaboard Folding Box Company
- American Carton Company
- Coburn Carton Solutions
- Thoro Packaging
- All Packaging Company
- Quad Graphics Inc. (Quad Packaging)
Overview of Folding Carton Packaging Market Research Report 2019-2023:-
The Global Folding Carton Packaging Market was valued at USD 85.74 billion in 2017 and is expected to reach a value of USD 115.15 billion by 2023 at a CAGR of 5.04% during the forecast period (2019 – 2023).
The folding carton packaging is one of the most famous ecofriendly packaging solution. The applications range from simple local store solutions to electrical equipment packaging solutions. The major users of the solutions include food & beverage sector, ecommerce industry tobacco, and house hold goods. The ability of the product to be produced in a large variety of sizes makes it feasible in almost all the end-user verticals.
The Asia Pacific region is growing at the fastest pace due to abundance in raw material supply and intense demand. Rising population and increasing urbanization stand to be the most significant factors driving the demand in the region. The recently diminished raw material prices are creating positive outlook for the North America and Europe. The increased recycling activity in the mature markets is expected to pay back in the form of cheaper raw material lead to increased profit margin for vendors in North America and Europe during the next five years.
Asia Pacific to Spearhead the Growth
Asia Pacific is the fastest growing market for packaging industry. The strengthening economy in the region is providing better spending power to the population. Countries, like China, India, Japan, South Korea, and Indonesia are increasingly becoming popular for growth in the retail and manufacturing sector. Due to high price of the raw material, paper board vendors are benefiting largely but the profit margins of the manufacturers are dropping rapidly. Even at such scenario, Asia Pacific companies are able to thrive reasonable profits due to high volume of consumption in the developing countries.
The skyrocketing prices of the raw material in the recent years has promoted the practice of recycling in the region, especially by the Ecommerce industry. Asia Pacific is the largest Ecommerce economy in the world. With increasing mobile and internet penetration in countries, like India, China, and Indonesia the Ecommerce industry is likely stay ahead of others in demand for folding carton packaging. Campaigns, like Make in India and the preparations for Tokyo Olympics have marginally increased the opportunities for folding carton packaging market in the region. With constant growth in the region forecasted by the World Bank in the near future, Asia Pacific is expected to emerge as a hot spot for folding carton packaging solutions.
Price of Raw Materials to Stand as Serious Threat to the Market
Since 2011 the folding carton packaging market has faced severe loss in profit margin due to the increasing cost of raw materials. According to Paperboard Packaging Council (PPC), the raw material prices of the folding carton packaging market rose annually at an average rate of 2.2% between 2011 and 2016. However, this increase in the raw material prices cannot be reflected to end user at a same rate. This is one of the major reasons why the average value of folding cartons has increased by on 1.3%, during the same period when the raw material prices grew by 2.2% annually.
The scenario has put downward pressure on the profitability of carton converterâs as their costs increase at a higher rate than what they can sell for. This scenario led to severe shutdown activities of folding carton plants globally, especially in mature markets, like US. However, recently there has been a break in board prices as 2016 saw a 1.3% decline. Increasing new boxboard capacity in Europe coupled with an oversupply of carton board in China has helped the folding carton packaging market by putting some downward pressure on raw material prices and is expected to remain the same during the forecast period.
North America to Stay on Top of the Charts Led by US
Although there is an increasing competitive rivalry from Asia Pacific countries, like China and India, North America stands to be the top market for folding carton packaging in terms of revenue. The recently dropped raw material prices led by oversupply in China and Europe are providing better profit margins to the US vendors leading to increased activity in the region. With promising outlook for the macroeconomic environment in the region folding carton producers are expected to benefit from their operations.
However, the competition for the overseas market is expected to continue challenging the domestic producers during the next five years. But the anticipated strength of the US dollar compared to most global currencies, the current situation is expected to retain during the forecast period. In addition, competition from alternative packaging methods and materials is expected to contract the market marginally while changing trends in the regional food & beverages industry provides hope to benefit from the productâs environmentally friendly profile.
Inquire more or share questions if any for this Report @ https://www.360researchreports.com/enquiry/pre-order-enquiry/13103175
Reasons to Purchase this Report
Key questions answered in the Folding Carton Packaging Market Report are.
- What will the market size be in 2023 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Order a copy of Folding Carton Packaging Market Report 2019 @ https://www.360researchreports.com/purchase/13103175
This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Folding Carton Packaging market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Major Points from TOC of Folding Carton Packaging Market Research Report 2019-2023:
1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
- RESEARCH METHODOLOGY
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
4.1.1 Rise in Defence Expenditure of Many Countries
4.1.2 Increasing Demand of Lightweight Materials in the Industry
4.2.1 Need for High Investments in R&D
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Price Analysis
- MARKET SEGMENTATION
1 By Application
5.2 End-user Sector
5.3.2 North America
5.3.4 South America
5.3.5 the Middle East & Africa
360 Research Reports is the credible source for gaining the market reports that will provide you with the lead your business needs. At 360 Research Reports, our objective is providing a platform for many top-notch market research firms worldwide to publish their research reports, as well as helping the decision makers in finding most suitable market research solutions under one roof. Our aim is to provide the best solution that matches the exact customer requirements. This drives us to provide you with custom or syndicated research reports.
Name: Mr. Ajay More
Organization: 360 Research Reports
Phone: +44 20 3239 8187/ +14242530807