Report ID: SQMIG15H2011
Report ID:
SQMIG15H2011 |
Region:
Global |
Published Date: December, 2024
Pages:
242
|
Tables:
178 |
Figures:
79
Asia Pacific region amounted for the largest share of the folding cartons market in 2021. Over the course of the forecast period, factors such shifting consumer lifestyles, increased disposable incomes, and expanding demand for packaged goods like ready-to-eat meals are anticipated to boost folding carton demand. Additionally, the demand for packaged food goods has been fueled by the region's expanding organised retail chain presence, which is advantageous for the industry. Due to its stiffness and durability, folding cartons are frequently chosen by e-commerce businesses to transport goods to customers. As a result, it is further projected that the region's accelerating e-commerce sector would boost market growth in the years to come.
Middle-East and Africa region is expected to be the fastest growing market for folding cartons during the forecast period. In recent years, the demand for foods and drinks has expanded throughout the Middle East and Africa due to factors including urbanisation and infrastructural development. Furthermore, it is projected that market expansion in the area would be aided by shifting consumer lifestyles and increased government attention on ecologically friendly packaging.
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Report ID: SQMIG15H2011