Global Digital Folding Cartons Market is valued at around USD 267.30 million in 2022 and is expected to reach USD 711.03 million by 2030, registering a CAGR of 12.7% over the forecast period. The packaging industry has undergone significant development over the past ten years. Digital folding cartons are mostly utilized for brand marketing and food packing. The packaging industry has been impacted by digital printing over the past ten years. The packaging industry has shown to be a growth driver for the digital printing market as manufacturers and brands engaged in modifying their package forms to make them compatible with digital printing presses. Digital folding carton producers put an emphasis on variants, offering possibilities for customization such variable printing, serialization, and track & trace, among others. One of the primary elements promoting the growth of the global digital folding cartons sector is the absence of additional fees for promotional and targeted marketing.
The favorable demographics are driving the demand for folding cartons. Additionally, population increase, consumer disposable income growth, and the necessity for food are all significantly influencing the rise of folding cartons from 2021 to 2028.
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The aforementioned causes, along with the rising demand for dry goods, frozen or chilled meals, and cigarettes, especially in emerging nations, are likely to cause the market for folding cartons to grow significantly over the course of the forecast period.
Additionally, it is projected that the rapid change in lifestyle and changing nutritional preferences will propel folding carton market growth during the aforementioned research period.
The launch of new items, the use of cutting-edge technologies and designs, and the high demand for folding cartons are the most significant factors that actively drive the market requirement for folding cartons.
The market for folding cartons will have several potential opportunities from 2022 to 2030 due to the increasing number of technological developments and the rising demand for packaged food products.
Top Key Players of Global Digital Folding Cartons Market:
CCL Industries Inc.
Quad/Graphics Inc.
Quantum Print and Packaging Ltd.
Traco Manufacturing, Inc.
Xeikon N.V.
Xerox Corporation
others.
The Digital Folding Cartons Market – Segmentation
On the basis of material used, the Digital Folding Cartons Market is bifurcated into:
- Plastic
- Paper
- Others
On the basis of end-user, the market is segmented into:
- Food
- Confectionary
- Fruits and vegetables
- Bakery
- Dairy product
- Meat, poultry, and seafood
- Others (pet food, baby food, etc).
- Beverage
- Alcoholic beverages
- Non-alcoholic beverages
- Tobacco
- Personal care and cosmetics
- Electronics
- Others
Market Segmented by Region:
North America (U.S., Canada, Mexico)
Europe (UK, Germany, France, Italy, Rest of Europe)
Asia-Pacific (China, Japan, Australia, Malaysia, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
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Objectives of the Study:
- To provide with an exhaustive analysis on the Digital Folding Cartons Market by Product, By Application, By End User and by Region.
- To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
- To evaluate and forecast micro-markets and the overall market
- To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
- To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Reasons to Purchase this Report:
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
