Asia Pacific Folding Carton Market Size (2024 - 2029)

The Asia Pacific folding carton market is anticipated to experience growth, driven by its versatility and cost-effectiveness as a packaging solution. The increasing shift towards eco-friendly packaging, spurred by regulatory changes and heightened consumer sustainability awareness, is expected to boost the market's scale. Despite challenges such as seasonal fluctuations and the impact of the COVID-19 pandemic on specific segments like school milk programs, the market is poised for expansion as conditions normalize. The market's dynamics are influenced by the types of raw materials used, particularly chemical pulps, which affect pricing and production.

Market Size of Asia Pacific Folding Carton Industry

Asia Pacific folding carton
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.10 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Asia Pacific Folding Carton Market Major Players

*Disclaimer: Major Players sorted in no particular order

APAC Folding Carton Market Analysis

Asia Pacific Folding Carton Market is expected to grow at a CAGR of 4.1% during the forecast period. Most containers use a folding carton, which is a cylinder board manufactured from the pulp from reprocessed discarded paper. Food cartons are manufactured from a higher-grade, lighter solid sulfate board that is coated with plastic. The thickness of the board is limited to 0.81 mm (0.032 in) due to cutting machine limits. Thus, folding cartons are often limited to containing a few pounds or kilos of material.

  • Folding cartons continue to be one of the most versatile and cost-effective formats to package and deliver goods, with diverse possibilities in a visually appealing product. Also, folding carton packaging is one of the most used eco-friendly packaging solutions due to its ability to be produced in many sizes with a small footprint compared to other bulkier packaging options, thus making it feasible for use in almost all end-user industries.
  • Furthermore, regulatory agencies worldwide are increasingly banning single-use plastic packaging, which, combined with the rising consumer awareness of sustainability, is compelling end-users to switch to eco-friendly and non-plastic packaging. This trend is projected to increase the demand for folding cartons in the next few years.
  • Several market players rely on a variety of raw materials based on the required foldable carton packaging. Typically, the core elements are included in the thick middle pulp, and surface properties are fine-tuned with the outer layers. The layered structure of boards makes it possible to use a wide variety of fiber materials.
  • Price is also affected by the types of pulps used because of the yield and cost of pulp raw materials. However, when the packaging needs to be utilized for food, chemical pulp offers a suitable printing surface when coated. Chemical pulps price fluctuations heavily impact the business operations of market players. Chemical pulps are generally split into two categories: hardwood and softwood pulps.
  • However, in countries such as Japan, the market witnessed unfavorable seasonal changes, and the impact of COVID-19 reduced the demand for milk packaging cartons used for school lunch offerings. The market observed stagnation until the lowdown period. Yet, the market is expected to grow further in the forecast period post normalization of the region's pandemic. For instance, SIG witnessed a decline in the cartons' sales as many of the school milk programs were suspended, which temporarily affected the company.

APAC Folding Carton Industry Segmentation

The scope of the study is focused on folding cartons that are used for packaging various products in the end-user industry, such as Food, Beverage, among others.The study tracks the key market influencers and growth opportunities within the folding cartons market in Asia Pacific Region. The study provides detailed coverage of the major folding carton manufacturers that are currently catering to the Asia Pacific region and tracks the market from a consumption perspective. The study also covers the impact of COVID-19 on the Asia Pacific Folding Carton Packaging Industry.

End-User Industry
Food and Beverage
Household and Personalcare
Healthcare
Other End-User Industries
Country
China
Japan
India
South Korea
Rest of Asia Pacific
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Asia Pacific Folding Carton Market Size Summary

The Asia Pacific folding carton market is poised for significant growth, driven by its versatility and cost-effectiveness as a packaging solution. Folding cartons, made from reprocessed paper pulp, are increasingly favored across various industries due to their eco-friendly nature and ability to be produced in multiple sizes with a smaller footprint compared to bulkier packaging options. This shift is further accelerated by global regulatory trends banning single-use plastics and rising consumer demand for sustainable packaging solutions. The market's expansion is supported by diverse applications in sectors such as food, pharmaceuticals, and healthcare, particularly in densely populated countries like China and India, where the demand for efficient and sustainable packaging solutions is on the rise.

The market landscape is characterized by intense competition, with major players leveraging innovative and sustainable packaging solutions to enhance their market presence. Investments in sustainable production facilities, such as those by APRIL Group in Indonesia, underscore the industry's commitment to meeting the growing demand for recyclable and biodegradable packaging products. The pharmaceutical and healthcare sectors, especially in China, are expected to drive further growth, supported by government initiatives aimed at pharmaceutical innovation and development. Additionally, the increasing urban population, the burgeoning e-commerce sector, and the rising awareness of environmentally friendly packaging are anticipated to propel the market forward, creating new opportunities for market participants.

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Asia Pacific Folding Carton Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 Impact of COVID-19 on the Industry

    5. 1.5 Market Drivers

      1. 1.5.1 Increasing Demand for Eco Friendly Solutions and Scope for Printing Innovations Propelling the Growth in the End-user Segments

      2. 1.5.2 Potential Growth in Packaged Food Sales

    6. 1.6 Market Restraints

      1. 1.6.1 Concerns over Material Availability and Fluctuations in the Price of Raw Materials

    7. 1.7 Export-Import Analysis of folding cartons, boxes and cases

      1. 1.7.1 China Import-export Analysis, By Value and Volume, 2016-2021

      2. 1.7.2 Japan Import-export Analysis, By Value and Volume, 2016-2021

      3. 1.7.3 India Import-export Analysis, By Value and Volume, 2016-2021

  2. 2. MARKET SEGMENTATION

    1. 2.1 End-User Industry

      1. 2.1.1 Food and Beverage

      2. 2.1.2 Household and Personalcare

      3. 2.1.3 Healthcare

      4. 2.1.4 Other End-User Industries

    2. 2.2 Country

      1. 2.2.1 China

      2. 2.2.2 Japan

      3. 2.2.3 India

      4. 2.2.4 South Korea

      5. 2.2.5 Rest of Asia Pacific

Asia Pacific Folding Carton Market Size FAQs

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

WestRock Company, Bell Inc., Graphic Packaging International LLC, Smurfit Kappa Group and DS Smith are the major companies operating in the Asia Pacific Folding Carton Market.

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