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 intended most popular type of consumer packaging is folding cartons. Retail products are packaged in folding cartons. It is made of paperboard, which is readily available for less money.
The global packaging sector has undergone significant development in the last ten years. Food packaging and brand marketing are the most common applications for digital folding cartons. Digital printing has made an impact on the packaging industry over the last 10 years. The packaging industry has proven to be a growth driver for the digital printing market as manufacturers and brands change their package formats to make them compatible with digital printing machines. Manufacturers of digital folding cartons place a premium on customization, with choices such as variable printing, serialisation, 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.
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Demand for folding cartons is increasing due to favourable demographics. Furthermore, from 2021 to 2028, population growth, consumer disposable income growth, and the necessity for food will all have a substantial impact on the growth of folding cartons.
Because of the aforementioned causes, the market for folding cartons is likely to grow significantly over the forecast period due to rising demand for dry foods, frozen or chilled meals, and cigarettes, particularly in emerging markets.
The introduction of new products, the adoption of cutting-edge technologies and designs, and the strong demand for folding cartons are the most important factors driving the market demand for folding cartons.
Top players of Digital Folding Cartons Market:
CCL Industries Inc.
Quad/Graphics Inc.
Quantum Print and Packaging Ltd.
Traco Manufacturing Inc.
Xeikon N.V.
Xerox Corporation
Others
Market Segmented:
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
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Global Digital Folding Cartons Market: Regional Analysis
The countries covered in the regional analysis of the Global Digital Folding Cartons market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Benefits:
- The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
- Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
- Porter’s Five Force Model and SWOT analysis are used to study the global Digital Folding Cartons market and would help stakeholders make strategic decisions.
- The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
- In-depth analysis of the types of Digital Folding Cartons would help in identifying future applications in this market.
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
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 6-month post-sales analyst support
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