Folding Carton Market In North America 2024-2028: Size and Volatility in prices of raw materials used in manufacturing folding cartons; growth driven by the Material, Some of key Companies Positioned Strategically
The folding carton market in north america size by Material (Paper and Plastic), End-user (Food and beverage products, Homecare and personal products, Healthcare products, Tobacco products, and Others), and Geography (North America), is forecast to increase by USD 7.89 billion. The market is expected to grow at a CAGR of about 4.32% between 2024 and 2028.
- In the North American folding carton market, paper pulp serves as the primary raw material for manufacturing these products. Additional components include recycled fiber and virgin fiber sourced from hardboard and softwoods, which are processed into paperboard and containerboard, respectively. The market has experienced price volatility due to the disparity between paper pulp's demand and supply. As paperboard is the primary material used to produce folding cartons, any increase in its cost can significantly raise the overall manufacturing expenses, ultimately influencing the final product price.
- 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.
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Some of the Key Companies:
- Amcor plc
- Arkay
- Astro Box Corp.
- BC Box Manufacturing Ltd.
- Bell Packaging Ltd.
- Cross Country Box Co. Inc.
- Diamond Packaging
- Edelmann Group
- Graphic Packaging Holding Co.
- Great Little Box Co. Ltd.
- Imperial Printing and Paper Box Mfg. Co.
- Industrial Development Co. sal
- International Paper Co.
- Koch Industries Inc.
- Laural Packaging Group South Inc.
- Oliver Inc.
- Rinaldi Printing Co.
- Service Die Cutting and Packaging Corp.
- Smurfit Kappa
- WestRock Co.
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