Folding Carton Market in North America Size to grow by USD 7.89 billion between 2024-2028
According to a research report “ Folding Carton Market in North America” by Material (Paper, Plastic) End-user (Food and beverage products, Homecare and personal products, Healthcare products, Tobacco products, Others) Geography (North America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 7.89 billion, at a CAGR of about 4.32% during the forecast period. The Folding Carton Market in North America is witnessing significant growth due to the increasing trend towards eco-friendly packaging solutions. Major end-users, including the food and beverage industry and manufacturers of household care products, are increasingly adopting sustainable packaging practices. Brands such as Aldi, Coca-Cola, Nestle, Unilever, Tesco, and Procter & Gamble are leading the charge, with commitments to reduce plastic usage and make all packaging recyclable or reusable by 2030. This shift towards eco-friendly packaging is driven by consumer awareness and demand for sustainable solutions, as well as regulatory pressures. The use of recyclable, biodegradable, and non-toxic materials in folding cartons is becoming a priority for businesses seeking to minimize their environmental impact.
Browse market data tables, figures, and in-depth TOC on “Folding Carton Market in North America” by Material (Paper, Plastic) End-user (Food and beverage products, Homecare and personal products, Healthcare products, Tobacco products, Others) Geography (North America) Global Forecast to 2028. Download Free Sample
By Material, the Paper segment is projected to dominate the market size in 2024
In the North American market, folding cartons play a pivotal role in the packaging of various food and beverage categories, including cereals, dry goods, frozen foods, confectioneries, dairy products, refrigerated meats, wine, juices, beer, carbonated soft drinks, and non-carbonated specialty beverages. These cartons serve as an effective solution for the industry by enabling branding through digital printing and ensuring safe transportation. Notably, folding cartons are extensively used for packaging products such as pies and cakes, which often incorporate a plastic window to showcase the product, thereby enhancing the consumer buying experience.
By End-user, Food and beverage products segment is expected to hold the largest market size for the year 2024
The paper segment is a significant contributor to the folding carton market in North America, accounting for a substantial market share. This segment encompasses various types of paper, including kraft paper, recycled paper, virgin paper, and others. The paper segment's prominence can be attributed to its eco-friendly and sustainable nature, which aligns with current market trends. With growing concerns regarding the environmental impact of plastic usage, there is a notable shift towards eco-friendly packaging materials, such as paper. In 2022, approximately 50 million tons of plastic waste were generated, with only 4%-6% being recycled. Folding cartons, made of paper, are extensively utilized in the packaging of various industries, such as food and beverages, pharmaceuticals, cosmetics, and others.
North America is forecasted to hold the largest market size by region in 2024
The North American folding carton market is poised for growth, particularly in sectors such as food and beverage, and healthcare. Folding cartons offer advantages like safe product transportation and enhanced aesthetics, making them indispensable for businesses seeking to strengthen their brand image and recognition. The US market for frozen foods is expanding due to the superior quality, taste, and convenience they provide consumers. Consequently, the food and beverage industry's ongoing product launches in North America will fuel the demand for folding cartons throughout the forecast period.
The Folding Carton Market in North America growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Folding Carton Market in North America is experiencing significant growth due to various factors. One of the key drivers is the fluctuating prices of raw materials, particularly wood pulp. Consumer packagings continue to evolve with technological advancements, including QR codes, clinical monitoring, and smart packaging. Eco-friendly and recyclable folding cartons are becoming increasingly popular among millennials, who value convenience and sustainability. Raw materials used in folding cartons, such as paper and plastics, are under scrutiny for their environmental impact. As a result, there is a growing demand for sustainable and eco-friendly options. Stress levels in the industry are high due to rising government initiatives aimed at reducing environmental pollution. The folding carton market in North America caters to various industries, including tobacco, e-commerce, electrical and electronic, household, healthcare, institutional, beverage, food, and more. Customized designs, sizes, colors, and packaging options are essential for each industry. The market is expected to grow further with the increasing trend towards personalization and customization. In conclusion, the folding carton market in North America is driven by various factors, including raw material prices, consumer preferences, technological advancements, and government initiatives. The market caters to various industries and offers customized solutions to meet their unique packaging needs. Sustainability and eco-friendliness are becoming increasingly important considerations in the industry.
Market Research Overview
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