Key factors driving growth of folding carton market size
As per the market research report by Technavio, folding carton market size is expected to grow at a CAGR of over 5%. Several factors are responsible for positively impacting the growth of folding carton industry.
1. In 2021 and beyond, e-commerce boom is going to continue further prompting demand for folding cartons.
2. Increasing popularity of recyclable and sustainable packaging.
3. Adoption of eco-friendly materials for manufacturing folding cartons is expected to have a significant impact on the growth of the folding carton market
4. Growing popularity of 'smart' folding cartons coupled with innovation in digital printing is projected to foster growth of the folding carton market
5. In addition, popularity of personalised and customised packaging will be another key driver further propelling demand of folding cartons.
With technological advances in printing electronics, production of smart packaging will become economical. Smart folding cartons are going to help in tracking the package throughout the delivery process, as they offer product information using several technologies such as QR codes, NFC, RFID, and embedded barcodes. This will make folding cartons more popular among consumers in the coming times.