Carton Packaging Market by Type, Material, Carton Boxes Types, Application

List of Tables

[187 Pages Report] The Carton Packaging Market size was estimated at USD 303.57 billion in 2023 and expected to reach USD 318.93 billion in 2024, at a CAGR 5.56% to reach USD 443.56 billion by 2030.

Carton packaging is omnipresent in end-user markets, serving a myriad of applications. This versatile material packages products from small pharmaceutical tablets to large home appliances. The food & beverages industry represents the largest market share, where carton packaging is used for its convenience, recyclability, and efficiency in preserving product quality. The carton packaging market comprises entities involved in producing, distributing, and selling packaging solutions primarily made of paperboard or cardboard. These solutions range from basic folding cartons to complex corrugated boxes. They are utilized for primary and secondary packaging across diverse industries, including food & beverages, pharmaceuticals, personal care, and electronics. Demand for convenience food products, the expanding pharmaceutical industry, and the growing demand for safe packaging products are driving demand for carton packaging. Government ban on single-use plastic and rising sustainability awareness among the consumers which favors the adoption of carton packaging due to its reduced environmental footprint. Increasing prices of raw materials required for carton packaging manufacturing and the wider availability of alternative packaging materials are hampering market growth. Introducing new and innovative carton packaging products is expected to create opportunities for market growth. Furthermore, advancements in carton manufacturing machines and equipment that reduce waste and energy consumption have also represented potential for market development.

KEY MARKET STATISTICS
Base Year [2023]	USD 303.57 billion
Estimated Year [2024]	USD 318.93 billion
Forecast Year [2030]	USD 443.56 billion
CAGR (%)	5.56%

Regional Insights

In the Americas, particularly in North America, the focus on sustainable packaging solutions due to stringent regulatory policies and environmental concerns is leading to increased adoption of biodegradable and recyclable carton packaging options. The United States leads in market demand, largely fueled by the retail sector and the growing e-commerce industry. The Asia-Pacific has a significant carton packaging demand driven by economic growth and an expanding middle-class population. The increase in consumer spending in countries like China, India, and ASEAN nations correlates with higher consumption of packaged goods. Carton packaging markets in the Asia-Pacific region benefit from cost-competitive manufacturing processes and an increasing awareness of sustainability that is beginning to take hold. The food and beverage sector and pharmaceuticals remain substantial end-users of carton packaging, with growth potential amplified by rural penetration and urbanization trends. Europe leads with a sophisticated market profile with a high demand for folding cartons and an emphasis on eco-friendly and innovative packaging. However, the Middle East and Africa are emerging markets with growth tied to urbanization and improved retail infrastructure. The food & beverage sector and personal care products are significant drivers for carton packaging in this region. The demand for premium and luxury packaging in Middle Eastern countries also marks a unique aspect of the regional market.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Carton Packaging Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Rising demand for convenience food products
- Government ban on single-use plastic and rising sustainability awareness among the consumers
- Expanding pharmaceutical industry and growing demand for safe packaging products

Market Restraints
- Increasing prices of raw materials required for carton packaging manufacturing

Market Opportunities
- Launch of new and innovative carton packaging products
- Advancements in carton manufacturing machines and equipment

Market Challenges
- Wider availability of alternative packaging materials

Market Segmentation Analysis
- Type: Growing demand for folding cartons for food & beverage sector
- Material: Increased investment in recycling technologies and the development of bio-based plastics
- Carton Boxes Types: Rising preference for aseptic cartons for their ability to sustain perishable liquid contents over extensive periods
- Application: Growing application of carton packaging for personal care & cosmetics industry

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Carton Packaging Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Carton Packaging Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Carton Group continues European growth with acquisition of Duncan Print Group

Carton Group announces the acquisition of Duncan Print Group as the latest addition to its family of packaging specialists, the fourth within just four months. This acquisition further secures Carton Group's reputation for delivering exceptional value and innovative solutions to its customer base. [Published On: 2023-11-13]

CORE Industrial Partners Furthers Its Investment Thesis into Folding Carton Packaging Sector with the Acquisition of General Converting

CORE Industrial Partners acquired General Converting, a premier producer of folding cartons known for its high-quality products and services within the food, confectionery, and consumer goods sectors. This strategic acquisition joins General Converting with Century Box, another recent investment by CORE, expanding the platform's legacy to over 85 years combined and creating a substantial new player in the carton packaging arena with a diverse customer portfolio and an extensive reach across Illinois and Massachusetts. [Published On: 2023-11-08]

Falconer launches carton packaging for Navy Professional's products

Falconer Print & Packaging has unveiled an innovative line of packaging solutions crafted for Navy Professional, a prestigious beauty and skincare brand from Yorkshire. Masterfully combining functionality with aesthetic appeal, Falconer's latest offering includes a meticulously designed secondary carton paired with equally elegant countertop display units, engineered to house an array of products encompassing candles and diffusers. [Published On: 2023-06-12]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Carton Packaging Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Carton Packaging Market, highlighting leading vendors and their innovative profiles. These include Aaradhya Enterprises, Amcor PLC, American Carton Company, Bell Incorporated, Belmark Inc., Chaitanya Packaging Pvt. Ltd., DS Smith PLC, Edelmann GmbH, Essentra PLC, Fortune Industries, Georgia-Pacific LLC by Koch Industries, Inc., Graphic Packaging Holding Company, Huhtamaki Oyj, International Paper, KCL Limited, Mill Rock Capital, MM Packaging GmbH, Mondi PLC, Oji Holdings Corporation, Packman Packaging Private Limited, Pactiv Evergreen Inc., Parksons Packaging Ltd., Rengo Co., Ltd., Seaboard Folding Box Company, Inc., Smurfit Kappa Group, Sonoco Products Company, Stora Enso Oyj, Trident Paper Box Industries, Unipak, and WestRock Company.

Market Segmentation & Coverage

This research report categorizes the Carton Packaging Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Folding Cartons
- Rigid Cartons

Material
- Biopolymers
- Paper & Paperboard
- Plastic

Carton Boxes Types
- Aseptic Cartons
- Boxboard Or Paperboard Cartons
- Corrugated Boxes
- Five Panel Wraps
- Slotted Cartons

Application
- Electrical & Electronics
- Food & Beverages
- Healthcare & Pharmaceutical
- Household
- Personal Care & Cosmetics

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-DD0700E81CEB

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising demand for convenience food products
  - 5.1.1.2. Government ban on single-use plastic and rising sustainability awareness among the consumers
  - 5.1.1.3. Expanding pharmaceutical industry and growing demand for safe packaging products
- 5.1.2. Restraints
  - 5.1.2.1. Increasing prices of raw materials required for carton packaging manufacturing
- 5.1.3. Opportunities
  - 5.1.3.1. Launch of new and innovative carton packaging products
  - 5.1.3.2. Advancements in carton manufacturing machines and equipment
- 5.1.4. Challenges
  - 5.1.4.1. Wider availability of alternative packaging materials
5.2. Market Segmentation Analysis
- 5.2.1. Type: Growing demand for folding cartons for food & beverage sector
- 5.2.2. Material: Increased investment in recycling technologies and the development of bio-based plastics
- 5.2.3. Carton Boxes Types: Rising preference for aseptic cartons for their ability to sustain perishable liquid contents over extensive periods
- 5.2.4. Application: Growing application of carton packaging for personal care & cosmetics industry
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Carton Packaging Market, by Type

6.1. Introduction
6.2. Folding Cartons
6.3. Rigid Cartons

7. Carton Packaging Market, by Material

7.1. Introduction
7.2. Biopolymers
7.3. Paper & Paperboard
7.4. Plastic

8. Carton Packaging Market, by Carton Boxes Types

8.1. Introduction
8.2. Aseptic Cartons
8.3. Boxboard Or Paperboard Cartons
8.4. Corrugated Boxes
8.5. Five Panel Wraps
8.6. Slotted Cartons

9. Carton Packaging Market, by Application

9.1. Introduction
9.2. Electrical & Electronics
9.3. Food & Beverages
9.4. Healthcare & Pharmaceutical
9.5. Household
9.6. Personal Care & Cosmetics

10. Americas Carton Packaging Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Carton Packaging Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Carton Packaging Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Carton Group continues European growth with acquisition of Duncan Print Group
- 13.3.2. CORE Industrial Partners Furthers Its Investment Thesis into Folding Carton Packaging Sector with the Acquisition of General Converting
- 13.3.3. Falconer launches carton packaging for Navy Professional's products
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio