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

Mar 13, 2024

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 -

Vendors: 15+, 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, among others

Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors

Segments: Material (Paper and Plastic), End-user (Food and beverage products, Homecare and personal products, Healthcare products, Tobacco products, and Others), and Geography (US, Canada, and Mexico)

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

Key purchase criteria

Adoption rates

Adoption lifecycle

Drivers of price sensitivity

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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.

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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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What are the key data covered in this Folding Carton Market Report in North America?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the North America folding carton market between 2023 and 2027

Precise estimation of the North America folding carton market size and its contribution to the market in focus on the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the folding carton market industry across North America

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of North America folding carton marketvendors

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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

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Folding carton market in North America 2017 - 2021

4.2 Material Segment Analysis 2017 - 2021

4.3 End-user Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Material

6.1 Market segments

6.2 Comparison by Material

6.3 Paper - Market size and forecast 2022-2027

6.4 Plastic - Market size and forecast 2022-2027

6.5 Market opportunity by Material

7 Market Segmentation by End-user

7.1 Market segments

7.2 Comparison by End-user

7.3 Food and beverage products - Market size and forecast 2022-2027

7.4 Homecare and personal products - Market size and forecast 2022-2027

7.5 Healthcare products - Market size and forecast 2022-2027

7.6 Tobacco products - Market size and forecast 2022-2027

7.7 Others - Market size and forecast 2022-2027

7.8 Market opportunity by End-user

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 US - Market size and forecast 2022-2027

9.4 Canada - Market size and forecast 2022-2027

9.5 Mexico - Market size and forecast 2022-2027

9.6 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 Amcor Plc

12.4 Arkay

12.5 Bell Packaging Ltd.

12.6 Cross Country Box Co. Inc.

12.7 Diamond Packaging

12.8 Edelmann Group

12.9 Graphic Packaging Holding Co.

12.10 Imperial Printing and Paper Box Mfg. Co.

12.11 International Paper Co.

12.12 Koch Industries Inc.

12.13 Oliver Inc.

12.14 Rinaldi Printing Co.

12.15 Service Die Cutting and Packaging Corp.

12.16 Smurfit Kappa Group

12.17 WestRock Co.

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

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]: www.technavio.com

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