The Latest Folding Cartons Industry Statistics Explained
Asia-Pacific region dominates the folding carton market, accounting for about 44% of the overall market share.
The statistic suggests that the Asia-Pacific region holds a significant market share within the folding carton industry, accounting for approximately 44% of the global market. This dominance implies that a substantial portion of folding carton production, consumption, and demand is concentrated in countries within the Asia-Pacific region. Factors such as population size, economic growth, increasing consumer demand for packaged goods, and the presence of key industries driving the use of folding cartons likely contribute to the region’s prominence in the market. Understanding the specific market dynamics, regulatory environment, and consumer preferences within the Asia-Pacific region becomes crucial for businesses operating in the folding carton industry to capitalize on this dominant market share and establish a strategic presence within the region.
The food and beverage industry makes up 40% of the folding carton market demand in 2020.
The statistic indicates that in the year 2020, the food and beverage industry accounted for 40% of the total demand for folding cartons. This suggests that nearly half of the market for folding cartons was driven by the need for packaging within the food and beverage sector. The significance of this statistic lies in the critical role that folding cartons play within this industry for packaging various products such as food items, beverages, and other related goods. Understanding this breakdown of market demand can provide valuable insights for businesses operating within the folding carton industry, as well as for stakeholders in the food and beverage sector looking to optimize their packaging strategies and supply chain management.
The pharmaceutical industry is expected to be the fastest-growing end-user industry for the folding carton market during the forecast period.
This statistic suggests that the pharmaceutical industry is projected to experience the highest rate of growth in terms of its demand for folding cartons compared to other industries within a specified time frame. This indicates an increasing need for packaging solutions in the pharmaceutical sector, likely driven by factors such as expanding markets, advancements in pharmaceutical products requiring specialized packaging, and regulatory requirements for safe and secure packaging of medications. The growth in demand for folding cartons from the pharmaceutical industry could present opportunities for companies operating in the packaging industry to capitalize on this trend and tailor their products and services to meet the specific needs of pharmaceutical clients.
North America represents approximately 24% of the global folding cartons market.
The statistic that North America represents approximately 24% of the global folding cartons market indicates that the region accounts for a significant share of the total market for folding cartons worldwide. Folding cartons are packaging materials commonly used in industries such as food and beverage, healthcare, and personal care products. The fact that North America commands a substantial portion of this market suggests that the region has a strong presence in the packaging industry and plays a pivotal role in the global supply chain. This statistic could be used by market analysts and businesses to assess the market dynamics, identify potential growth opportunities, and make informed decisions regarding investments and expansion strategies in the folding cartons market within North America and beyond.
By 2024, the global market for folding cartons is expected to be worth 184.6 billion USD.
The statistic indicates that by the year 2024, the worldwide market for folding cartons is projected to reach a value of 184.6 billion USD. This suggests a significant growth opportunity for the folding cartons industry over the specified period. Factors contributing to this growth could include increasing demand for sustainable and eco-friendly packaging solutions, as well as the rising popularity of convenience packaging among consumers. The statistic underscores the importance of folding cartons in the packaging sector and highlights the potential for businesses operating in this industry to capitalize on a growing market.
The European folding carton market was estimated to be worth $36.9 billion in 2019.
The statistic states that in 2019, the European folding carton market was valued at $36.9 billion. This figure represents the estimated total worth of the market for folding carton packaging products within Europe for that particular year. This value indicates the significant size and economic importance of the folding carton industry within European markets, highlighting the demand for packaging solutions such as boxes, cartons, and containers made from folding carton materials. Such statistics are useful for market analysis, business strategies, and understanding trends within the packaging industry.
The USA makes up around 87% of the North American folding carton market.
The statistic “The USA makes up around 87% of the North American folding carton market” indicates that the United States represents a dominant portion of the folding carton market in North America, accounting for approximately 87% of the total market share. This suggests that the majority of folding carton production, consumption, and revenue within North America is concentrated within the United States. This statistic highlights the significant influence and market presence of the USA in the folding carton industry relative to other countries in North America, underscoring its importance as a key player in the regional market.
The folding carton market in Europe will grow at a CAGR of 2% during 2018-2023.
This statistic indicates that the folding carton market in Europe is projected to experience a Compound Annual Growth Rate (CAGR) of 2% from 2018 to 2023. This means that the market is expected to expand steadily at an average annual rate of 2% over this five-year period. The CAGR provides a useful measure of growth that smooths out any fluctuations in the market over the specified time frame, highlighting the overall trend of the market’s expansion. This forecast suggests a moderate but consistent growth trajectory for the folding carton market in Europe over the next few years.
Non-food products accounted for over 34% of the total European folding carton market in 2018.
The statistic indicates that non-food products comprised more than one-third (34%) of the overall European folding carton market in the year 2018. This suggests that a significant portion of folding cartons in Europe were used for packaging items other than food products such as cosmetics, pharmaceuticals, electronics, and other non-food goods. This statistic highlights the diverse applications and demand for folding cartons across various industries, showcasing the versatility and widespread use of this packaging solution beyond the realm of food products.
The largest share in the folding carton market globally in 2020 was paperboard material, occupying over 60% share of the total market.
The statistic indicates that paperboard material held the largest market share in the global folding carton market in 2020, accounting for over 60% of the total market. This suggests that paperboard is the most commonly used material for producing folding cartons worldwide. The dominance of paperboard in the market may be attributed to various factors such as its versatility, recyclability, and cost-effectiveness compared to other packaging materials. The substantial market share of paperboard signifies its widespread acceptance and preference among manufacturers and consumers in the industry, highlighting its significance as a primary material in the folding carton market.
In 2021, China held the largest share in Asia-Pacific’s folding carton market.
The statistic indicates that in 2021, China had the highest market share in the folding carton market among countries in the Asia-Pacific region. This suggests that China dominated the production, consumption, or export of folding cartons within the region during that year. Factors contributing to this could include the country’s large manufacturing capabilities, strong economic growth, and significant demand for packaging materials. The statistic highlights China’s leading position in the folding carton market within Asia-Pacific and underscores its importance as a major player in the packaging industry.
In 2021, around 40.21 million metric tons of folding cartons were consumed worldwide.
The statistic indicates that in 2021, a total of approximately 40.21 million metric tons of folding cartons were utilized globally. Folding cartons are commonly used in packaging various products such as food items, pharmaceuticals, cosmetics, and electronic goods. The significant volume of folding cartons consumed worldwide in 2021 highlights the widespread reliance on this form of packaging across various industries. This statistic helps to provide insight into the scale of demand for folding cartons on a global scale and underscores the importance of sustainable practices in the packaging industry to mitigate environmental impact associated with the production and disposal of such packaging materials.
By 2023, the food and beverages sector in the United Kingdom, accounting for a 57% share, is expected to remain the major end-user of folding carton.
The statistic indicates that by the year 2023, the food and beverages sector in the United Kingdom is projected to retain its status as the primary end-user of folding carton packaging, holding a substantial 57% market share. This suggests that the food and beverages sector will continue to heavily rely on folding cartons for packaging purposes due to factors such as convenience, sustainability, and cost-effectiveness. The high percentage share also implies that folding cartons are likely to remain a popular choice for packaging products within the food and beverages industry, highlighting its significance in this market segment over the coming years.
The healthcare and personal care sectors accounted for a share of 31% in the UK folding carton market in 2017.
The statistic indicates that in the UK folding carton market in 2017, the healthcare and personal care sectors collectively made up 31% of the total market share. This suggests that a significant portion of the demand for folding carton packaging in the UK was driven by products and services in the healthcare and personal care industries during that year. The statistic implies that these sectors were key players in the market, potentially due to factors such as the need for packaging for pharmaceuticals, cosmetics, toiletries, and other related products. This information could be valuable for businesses operating in the folding carton industry, as it highlights the importance of catering to the specific needs and trends within the healthcare and personal care sectors to maximize market opportunities.
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