According to Fortune Business Insights, The global folding cartons market size was valued at USD 169.42 billion in 2023 and is projected to grow from USD 176.99 billion in 2024 to USD 266.43 billion by 2032, exhibiting a CAGR of 5.25% during the forecast period. Europe dominated the folding cartons market with a market share of 39.3% in 2023. Folding cartons are boxes or box sleeves made from single ply paperboard or corrugated cardboard. Advantages of folding cartons such as their cost effectiveness and environment-friendly nature are contributing toward market proliferation. Their widespread application in end-use industries such as cosmetics, packaging foods, electronics, pharmaceutical products and others is also driving market expansion in the coming years.
Folding cartons are one of the most popular types of product packaging and are used extensively to ship anything. They are utilized in packaging foods, cosmetics, electronics, pharmaceutical products, and many others. They are boxes or box sleeves made of either corrugated cardboard or single-ply paperboard and are designed with a particular machine that cuts, creases, glues, and scores the box material to produce the desired size and shape.
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