Africa Folding Carton Market Size (2024 - 2029)

The Africa Folding Carton market is experiencing significant growth within the packaging industry, driven by its widespread use in various end-user sectors due to its sustainable packaging solutions and versatility in size. The food and tobacco industries dominate the market, prompting major vendors to adopt aggressive acquisition strategies to explore this largely untapped market. A key focus for these vendors is the development of recyclable folded cartons to minimize environmental impact. Additionally, the integration of anti-counterfeit technologies in packaging is becoming increasingly important in the region, further propelling the market's expansion.

Market Size of Africa Folding Carton Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Africa Folding Carton Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.10 %
Market Concentration Medium

Major Players

Africa Folding Carton Market Major Players

*Disclaimer: Major Players sorted in no particular order

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Africa Folding Carton Market Analysis

Africa's Folding carton market is one of the fastest-growing markets in the packaging industry. Folding cartons mostly used in different end-user industries due to its eco-friendly packaging solutions and its ability to produce many sizes in smaller footprints.

  • Food and Tobacco industries provide 81% of the net sales of the Folding carton for this region. Hence, most of the major vendors in this market are following rapid acquisition strategy to penetrate in this untapped market. For instance, In 2019, AR Packaging Group AB had completed its acquisitions on Nampak Cartons to strengthen its offerings for Tobacco industries.
  • Major vendors in this market are focusing on the recyclable folded cartons, which can reduce environmental wastes across the globe. For instance, in 2020, CTP Cartons and Labels launched environmentally friendly packaging solutions for its customers. Moreover, this product consists of cellulose windows that allow the product to remain visible, and its trays are suitable for an array of fruit and vegetable products.
  • Folded cartons can also incorporate with anti-counterfeit technologies such as RFID, embedded barcode, and others. Moreover, in the African region, increasing the incorporation of anti-counterfeit measures into product packaging is expected to drive the growth of this market.

Africa Folding Carton Industry Segmentation

Folding cartons are used from Pharmaceutical applications to Cosmetics/Personal care applications. Moreover, the primary users of these products are Food and Beverages, Tobacco, and Pharmaceutical industries due to its eco-friendly and recyclable features.

Need A Different Region Or Segment?
Customize Now

Africa Folding Carton Market Size Summary

The Africa folding carton market is experiencing rapid growth within the packaging industry, driven by its eco-friendly packaging solutions and versatility in size and footprint. The food and tobacco sectors dominate the market, accounting for a significant portion of net sales, prompting major vendors to adopt aggressive acquisition strategies to tap into this burgeoning market. Companies are increasingly focusing on recyclable folded cartons to minimize environmental waste, with innovations such as cellulose windows and trays designed for fruits and vegetables. The integration of anti-counterfeit technologies like RFID and embedded barcodes is also gaining traction, further propelling market expansion.

Urbanization and a shift towards health-conscious and eco-friendly packaging solutions are key factors driving market growth in Africa. The region's urban population is adopting new lifestyles, influenced by diverse food habits and digital media exposure. Government initiatives, such as Egypt's Vision 2030, aim to foster a sustainable economy, supporting the demand for eco-friendly packaging. In South Africa, the demand for reliable and convenient packed foods, along with the growth of e-commerce and the pharmaceutical industry, is boosting the folding carton market. The market is moderately competitive, with key players engaging in product innovation and strategic mergers and acquisitions to enhance their market presence.

Explore More

Africa Folding Carton Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Value Chain / Supply Chain Analysis

    3. 1.3 Industry Attractiveness - Porters 5 Force Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION BY END USER

    1. 2.1 Food (includes frozen food, dry food, chilled food, confectionery, and dairy products etc.)

    2. 2.2 Beverage

    3. 2.3 Pharmaceutical

    4. 2.4 Cosmetics/Personal Care

    5. 2.5 Tobacco

    6. 2.6 Other End-user Industries

Africa Folding Carton Market Size FAQs

The Africa Folding Carton Market is projected to register a CAGR of 4.10% during the forecast period (2024-2029)

CTP Cartons and Labels, Britepak, Shave and Gibson and AR Packaging Nigeria Ltd are the major companies operating in the Africa Folding Carton Market.

Africa Folding Carton Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)