Folding Carton Market in EMEA 2017-2021
About Folding Carton
Folding cartons find applications in the packaging of products in various industries, such as food products, healthcare, tobacco, household care, personal care, and other industries, such as hardware, industrial products, and electronic products. These cartons are made from paper cardboards with multiple layers that are printed, laminated, cut into the required shape, folded, and glued before they reach the packagers. Once the flat cartons are shipped to the packagers, they fold the cartons in the desired shapes using special machines.
Technavio’s analysts forecast the folding carton market in EMEA to grow at a CAGR of 2.48% during the period 2017-2021 .
Covered in this report
The report covers the present scenario and the growth prospects of the folding carton market in EMEA for 2017-2021 . To calculate the market size, the report considers the revenue generated by different vendors through the sales of folding cartons in EMEA in various applications like food products, healthcare, tobacco, household care, personal care and others segment which includes hardware, industrial products, and electrical products.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Folding Carton Market in EMEA 2017-2021
Technavio recognizes the following companies as the key players in the folding carton market in EMEA: Graphic Packaging, Mayr-Melnhof Karton, Smurfit Kappa, and WestRock
Other Prominent Vendors in the market are: Amcor, AR Packaging, Atlas Holdings, Delta Packaging, Edelman, International Paper, Sonoco, and Van Genechten.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increased mergers and acquisitions. The folding carton market in EMEA is highly competitive with many international and regional players. To enter the untapped markets, a number of mergers and acquisitions are expected to take place during the forecast period as part of the strategic alliances. Vendors, such as Graphic Packaging, are trying to expand their market share by entering new acquisitions and mergers. For example, in July 2017, the company completed the acquisition of Carton Craft Corporation and its affiliate Lithocraft.”
According to the report, one of the major drivers for this market is Demand for sustainable packaging solutions. Folding cartons use paperboards that are derived from wood pulp or recycled waste paper. These paperboards are environment-friendly as they do not contain any toxic substances. They are biodegradable and compostable in nature. The increasing number of government regulations regarding packaging materials will foster the growth of the market. The major regulations are mainly imposed on non-biodegradable packaging materials like plastics, which are a major point of concern for the environment.
Further, the report states that one of the major factors hindering the growth of this market is Contamination from recycled paperboard. The need to limit waste and landfills caused by used paper and paperboard has boosted the need to recycle them for further use. With the concept of a circular economy, the need to reduce wastes is increasing. Emissions have led to the recycling of materials to keep their value in the loop and minimize the use of resources. However, recycled paper and paperboards can have a negative impact on the products packaged in them.
Graphic Packaging, Mayr-Melnhof Karton, Smurfit Kappa, WestRock, Amcor, AR Packaging, Atlas Holdings, Delta Packaging, Edelman, International Paper, Sonoco, and Van Genechten.