ASEAN FOLDING CARTONS MARKET ANALYSIS

Asean Folding Cartons MarketSize and Trends

ASEAN Folding Cartons Market was valued at US$ 4.46 Bn in 2022 and is expected to exhibit a CAGR of 9.3% , in terms of revenue, over the forecast period (2023-2030) to reach US$ 9.12 Bn by 2030. A folding carton is a paper-based box that serves as an exterior container for a product or item. Cereal   is one of the example it is stored in flexible packaging to keep its contents, and a folding carton box contains and protects the cereal. The material used is one of the most important aspects of folding carton design. The most popular is paperboard, which comes in a variety of thicknesses and grades depending on the product. Folding cartons include cereal boxes, pizza boxes, and cough syrup boxes, where a single sheet of paper has been folded to form the top, sides, and bottom. Corrugated boxes, also known as shipping boxes, corrugated fiberboard, and combination boxes, are the most common carton boxes.

Market Trends/Key Takeaways

The single-serving pack is one of the growing trends in the market due to the tendency to opt for a trial pack before buying the large pack for daily use is expected to augment the market growth. Increasing adoption of folding cartons by healthcare and pharma companies for shipping medicine and medical product is the ASEAN region is further expected to foster market growth.

A growing number of the working population is driving demand for cosmetics and personal care products due to the growing fashion trend. This is expanding the cosmetic and personal care industry thereby fueling the market growth of ASEAN folding cartons. Increasing disposable income is driving demand for various consumers’ products around the globe which is further expected to propel the market growth of the ASEAN folding cartons over the forecast period.