The most popular product in the packaging industry is folding cartons. They are constructed from paperboard that has been transported after being printed, cut, folded, and adhered. Frequently, consumers receive boxes that must be folded into their ultimate shape as a product container using packing equipment. Paperboard is a heavier-weight variety of paper made from wood or cellulose fibers. Sleeve, tuck end, seal end, top 1-2-3 bottom, 4 corners beer tray, tuck top auto bottom, tuck Kwikset tray, lock corner tray, and walker lock tray are only a few of the several types of paperboard folding cartons available. Folding cartons have always been the first choice in packing since they are kind to the environment, flexible, and can be printed with images, logos, and text.
Numerous industries employ folding cartons, which boosts demand and, in turn, propels market expansion. The pharmaceutical industry is anticipated to dominate the market during the projection period. Additionally, folding carton producers invest a lot of money in R&D to develop products that are more effective and maintain their market share. Additionally, new developments in printed electronics technology for the creation of smart packaging solutions are anticipated to fuel market growth. Because they allow for complex packing options for customers and can be tracked throughout the delivery process, smart folding cartons are in high demand. However, due to the easy accessibility of flexible and rigid plastic boxes at comparatively low rates, the worldwide folding cartons industry is projected to see limitations. This is expected to affect market growth by reducing the need for folding cartons.
The market for Folding Cartons is anticipated to grow significantly from 2019 to 2027 at a CAGR of 4.6 percent.
Leading Companies in the Folding Cartons Industry:
1. Ingersoll Paper Box
Ingersoll Paper Box is a manufacturing company that produces custom design folding cartons boxes and provides packaging services. It was founded in 1922 and headquartered in Ontario, Canada. It operates in many countries.
2. Graphic Packaging Holding Co.
Graphic Packaging Holding Co. is a Fortune 500 corporation, founded in 1978 and headquartered in Atlanta, United States. It operates in 27 countries. The complete completion of Graphic Packaging's acquisition of AR Packaging Group AB, the second-largest producer of fiber-based consumer packaging in Europe, will be announced in November 2021. Graphic Packaging is a leading vertically integrated provider of sustainable fiber-based consumer packaging solutions. With the acquisition, Graphic Packaging will be in a stronger position to serve consumer packaged goods companies all over the world with sustainable fiber-based packaging alternatives.
3. Americraft Carton, Inc.
Americraft Carton, Inc. was founded in 1907 and headquartered in Prairie Village, Kansas. It operates in seven manufacturing sites in the US. Graphic Packaging International (GPI) completes the acquisition of Americraft Carton, Inc. in July 2021.
4. MeadWestvaco Corp.
MeadWestvaco Corp. was an American packaging company, was founded in 2002 and headquartered in Richmond, Virginia. It operates in 30 countries.
5. RockTenn Co.
RockTenn Co. was founded in 1973 and headquartered in Georgia, United States. It operates in 30 countries around the world. In January 2015, Rock-Tenn and MeadWestvaco (MWV) merged to form WestRock Company. To meet increased demand from WestRock's Pacific Northwest customers, the company announced plans to open a new corrugated box plant in Longview, Washington, in February 2022.
6. Mayr-Melnhof Karton AG
Mayr-Melnhof Karton AG is a manufacturer in the paper and packaging industry. It was founded in 1950 and headquartered in Vienna, Austria. It operates in 18 countries. For the purpose of enhancing the long-term competitiveness of its largest board and paper business, MM Kwidzyn in Poland, The MM Group (MM) approved a sizable investment project in April 2023. The mill will be in a position to be profitable in the long run thanks to lower energy and CO2 costs, pulp integration, and entry into the market for sack kraft paper.
7. Keystone Folding Box Company
Keystone Folding Box Company was founded in 1890 and headquartered in New Jersey, United States. It operates in many countries. Keystone Paper & Box Company ("Keystone"), a top specialized packaging business that develops custom folding cartons for the consumer and healthcare end sectors, was purchased by Mill Rock Packaging Partners LLC in February 2023, according to a news statement. Mill Rock Packaging, a growth-oriented specialty packaging corporation focused on cutting-edge design, innovation, and technology, was created in 2020 by Mill Rock Capital. It possesses great operating capabilities as well as unrivaled client service.
8. Bert-Co
Bert-Co was founded in 1930 and headquartered in California, United States. It operates internationally.
9. Corrugated Replacements
Corrugated Replacements was founded in 1981 and headquartered in Georgia, United States. It operates worldwide.
*Definition: Beginning in the late 19th century, the folding carton gave rise to the modern packaging business. Folding carton constructed of paperboard that has been printed, laminated, cut, folded, and glued is required for the procedure.
