Folding Carton Packaging Market To Rise Due To Increased Logistical Activities By 2023
Cartons, made from corrugated paperboard, have been the go-to solution for several decades now. Their structural features make it an ideal packaging solution while offering a range of advantages. Consequently, product manufacturers and retailers and increasingly turning to paperboards as a means to ship, store and market their products. Folding Carton Packaging are some of the most common types of consumer packaging on the market. They are used in retail packaging to hold individual products, and they can also be used, effectively, to display and promote products so as to generate impulse buying.
Folding Carton Packaging Market are engineered and designed, and they can be given a variety of different styles. Each style can then be tailored to meet certain specifications. The cartons offer a variety of advantages such as clear and specific information about the product and allow for easy opening and re-closing packets that extend the lifetime of the product. An emerging trend that will have great impact on the market is the popularity of retail ready packaging and multipack cartons. An increasing number of manufacturers and retailers are opting for retail-ready packaging. Products in retail ready packaging can directly be placed on shelves for sale. They are also easily identified, opened, and disposed. Moreover, Carton packaging offers the best recycling opportunities, compared to any other packaging material, which is an important role in the growth of the market.
Retailers and product manufacturers are increasingly turning to paperboard and Folding Carton Packaging for their product packaging solutions. As consumer expectations become more demanding, brand packaging manufacturers are stepping up to help the market players by innovation. The innovation of digitally printed folding carton technology, was a response to shift in consumer preferences and product market competition. Digital Folding Carton Packaging are superior in quality and function with 100% electronic, visual inspection with customizable features such as serialization, track and trace, brand protection, glued inserts and variable printing.
By end-use industry, the global market for Folding Carton Packaging is segmented as food and beverages, cosmetic and personal care, healthcare, household, institutional, electrical & electronics, and other industry. Among them, food and beverage segment is anticipated to display a prominent CAGR in the forecast period.
Food & Beverage industry has adopted cartons packaging extensively, across the world due to some additional functionalities such as retention of integrity of a product and prevention of food spoilage, enhancing product attributes such as look, taste, and aroma, along with increased shelf life. Packaging devices such as time temperature indicators, gas sensing devices, microbial growth indicator, freshness indicator and biosensors have been utilized in food & beverage packaging and supply chain applications. There has been an increased demand for folding carton packaging in the growing food & beverage sector.
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We recognize the key players in the global Folding Carton Packaging market as Amcor Limited (Australia), Westrock Company (U.S.), Huhtamaki Oyi (Finland), KapStone Paper and Packaging Corp. (U.S.), Sonoco Products Company (U.S.), Georgia-Pacific LLC (U.S.), Rengo Co. Ltd. (Japan), Graphic Packaging Holding Company (U.S.), Schur Pack Germany GmbH (Germany), Multi Packaging Solutions Inc.( New York)
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