Folding Cartons Market Manufacturers and Market Growth
The global folding cartons market is estimated to reach USD 288.02 billion by 2033, up from USD 171.39 billion in 2023, at a compound annual growth rate (CAGR) of 5.46% from 2024 to 2033.
Recent Developments by Key Market Players
- In October 2024, Al-Medan Project Factory for Carton (MPFC) revealed the gradual opening of its second modern printing press, the Rams Al-Tatour folding carton facility. The press is outfitted with state-of-the-art technology from Koenig & Bauer, and its sole supplier is Al-Kharafi Co. for Paper & Printing Equipment, located in Riyadh. Rams Al-Tatour is anticipated to revolutionize folding carton line packaging by providing all-inclusive luxury solutions with a distinctive workflow that reduces costs and maximizes flexibility across the production chain.
- In August 2024, BW Papersystems introduced an innovative product, the Mercury, a 1400 mm web-fed platen die cutter designed for highly effective folding carton production. This innovative machine was created especially for high-volume folding carton producers who require fast job changes so they may increase their market share with smaller orders. When paired with a state-of-the-art printing press, whether it be offset, digital, or flexo, the Mercury web-fed platen die cutter drastically lowers the number of processes needed to create folding cartons.
Folding Cartons Market Key Market Players
- WestRock Company
- Smurfit Kappa Group
- International Paper Company
- Mondi Group
- Graphic Packaging International
- Stora Enso
- Mayr-Melnhof Karton AG
- American Carton Company
- Oji Holdings Corporation
- Sonoco Products Company
- Huhtamaki Group
- DS Smith Plc
