Folding carton is any package or any part of a package whose shape can be readily changed. They are produced from materials such as paper and paperboard. They are made up of paperboard which is created into box shapes with different sizes. Folding cartons are eco-friendly packaging solutions and are widely adopted across the e- food & beverage, e-commerce, and warehousing.
Market Dynamics:
Based on industry, ASEAN folding carton market is segregated ASEAN Folding Cartons Market, By Material type (Solid Bleached Sulfate (SBS), Coated Unbleached Kraft (CUK), Coated Recycled Board (CRB), Uncoated kraft Boxboard (UKB)), By Order Type (Standard, Customized), By End-use (Food & Beverages (Frozen & Chilled food products, Fresh food products, Bakery & Confectionary, Ready to eat food products, Beverages, Others), Homecare Products, Personal care products, Pharma and Healthcare products, Tobacco Products, Industrial Products, Others), and By Region (Thailand, Myanmar, Indonesia, Malaysia, Vietnam, Philippines, Rest of ASEAN ) - Size, Share, Outlook, and Opportunity Analysis, for forcasting period 2023– 2030. Wherein, food & beverages segment accounted for the largest market share in terms of revenue in 2022 and contributed 39.0% in the same year.
On the basis of country, Indonesia accounted for the largest revenue share in 2022 and contributed a revenue share of 32.2% in 2022. The growth is majorly driven by the continuous increase in demand for takeaway food across ASEAN countries. Besides, the rising demand for bulk storage and transportation also drives the demand for folding cartons in the ASEAN region.
Key features of the study:
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