Published by Coherent Market Insights
Posted on September 24, 2021
Folding cartons are popular packaging materials that are used to package bulk materials. They are widely used in the retail packaging industry. They provide safety and easy handling of the product during transportation. They are produced from paper boards that are cut, laminated, folded, and glued into a box shape.
The ASEAN Folding Cartons market was estimated to account for US$ 3,541 Mn in terms of value and 1,836.3 kilo tons in terms of volume by the end of 2019.
Growing demand for packaged and takeaway food products across ASEAN countries is primarily fueling the market growth of the folding cartons. Growth in the food &beverage industry due to increasing consumer spending on food products coupled with the rising consumption of processed food products are further expected to augment the market growth of folding cartons over the forecast timeframe.
Top Key Players in ASEAN Folding Cartons market: AR Packaging Group AB, HUHTAMAKI GROUP, Mayr-Melnhof Karton Gesellschaft M.b.h., International Paper, DS Smith PLC, Amcor Limited, Rengo Co., Ltd., Pactiv Asia
Scope of the Report:
The research report concentrates on the Global ASEAN Folding Cartons Market in the regional market such as North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. Furthermore, the report segments the market according to market type, product type, end-users, vertical sectors, product prices, new product launches, innovation, and product differentiation.
Regional Analysis:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the ASEAN Folding Cartons market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
An increase in international trading across the ASEAN region and subsequent expansion of business networks which has increased the distribution network is predicted to drive the market growth of folding cartons. The growing need for bulk storing and transportation round the globe is additionally creating demand for folding cartons. Moreover, increasing establishment of latest warehouses thanks to growth within the manufacturing companies is further anticipated to fuel the market growth of the ASEAN folding cartons.
Growing demand for printed and laminated cartons with graphics and labels across the food & beverage industry is expected to serve major growth opportunities to the market. Rising preferences towards convenience and aesthetic packaging materials for branding and advertising purpose is again expected to fuel the market growth. Moreover, the growing popularity of eco-friendly solutions due to the growing need for sustainable packaging is further expected to propel the market growth.
Increasing use of anti-counterfeit technologies such as embedded barcode and RFID on the folding cart owing to its superior rigidity and printability is projected to offer immense market opportunities. Increasing ban on the use of single-use plastic for packaging coupled with the growth in the electronic and electrical industry is further expected to augment the market growth of the ASEAN folding cartons over the forecast period.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post ASEAN Folding Cartons market by Forecast to 2027 with In-detailed Competitor Analysis appeared first on Gatorledger.
Folding cartons are popular packaging materials that are used to package bulk materials. They are widely used in the retail packaging industry. They provide safety and easy handling of the product during transportation. They are produced from paper boards that are cut, laminated, folded, and glued into a box shape.
The ASEAN Folding Cartons market was estimated to account for US$ 3,541 Mn in terms of value and 1,836.3 kilo tons in terms of volume by the end of 2019.
Growing demand for packaged and takeaway food products across ASEAN countries is primarily fueling the market growth of the folding cartons. Growth in the food &beverage industry due to increasing consumer spending on food products coupled with the rising consumption of processed food products are further expected to augment the market growth of folding cartons over the forecast timeframe.
Top Key Players in ASEAN Folding Cartons market: AR Packaging Group AB, HUHTAMAKI GROUP, Mayr-Melnhof Karton Gesellschaft M.b.h., International Paper, DS Smith PLC, Amcor Limited, Rengo Co., Ltd., Pactiv Asia
Scope of the Report:
The research report concentrates on the Global ASEAN Folding Cartons Market in the regional market such as North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. Furthermore, the report segments the market according to market type, product type, end-users, vertical sectors, product prices, new product launches, innovation, and product differentiation.
Regional Analysis:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the ASEAN Folding Cartons market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
An increase in international trading across the ASEAN region and subsequent expansion of business networks which has increased the distribution network is predicted to drive the market growth of folding cartons. The growing need for bulk storing and transportation round the globe is additionally creating demand for folding cartons. Moreover, increasing establishment of latest warehouses thanks to growth within the manufacturing companies is further anticipated to fuel the market growth of the ASEAN folding cartons.
Growing demand for printed and laminated cartons with graphics and labels across the food & beverage industry is expected to serve major growth opportunities to the market. Rising preferences towards convenience and aesthetic packaging materials for branding and advertising purpose is again expected to fuel the market growth. Moreover, the growing popularity of eco-friendly solutions due to the growing need for sustainable packaging is further expected to propel the market growth.
Increasing use of anti-counterfeit technologies such as embedded barcode and RFID on the folding cart owing to its superior rigidity and printability is projected to offer immense market opportunities. Increasing ban on the use of single-use plastic for packaging coupled with the growth in the electronic and electrical industry is further expected to augment the market growth of the ASEAN folding cartons over the forecast period.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post ASEAN Folding Cartons market by Forecast to 2027 with In-detailed Competitor Analysis appeared first on Gatorledger.
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