ASEAN Folding Cartons Market Growth Accelerated by Increasing Consumption of Packaged Food & Beverages

ASEAN Folding Cartons Market


Folding cartons are primarily used for packaging of food & beverages, cosmetics, tobacco, and other consumer goods as they provide high-quality graphics and design flexibility. Folding cartons enhance brand visibility, deliver product safety, and extend shelf life of products such as milk, juices, sauces, frozen foods, snacks, etc. 

The global ASEAN Folding Cartons Market is estimated to be valued at US$ 5.62 Bn in 2023 and is expected to exhibit a CAGR of 8.3% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.


Market key trends: 

Increasing consumption of packaged food & beverages has been a key driver boosting the demand for folding cartons in the ASEAN region. Countries such as Indonesia, Thailand, Philippines and Vietnam are witnessing rising disposable income and urbanization which has significantly increased the demand for packaged items. With growing preference for convenience foods, the sales of packaged snacks, frozen foods and other items have recorded strong growth over the past few years. Folding cartons have emerged as the preferred choice of packaging for these products owing to their cost efficiency and recyclability. Their increasing usage has accelerated the growth of ASEAN folding cartons market during the forecast period.

Segment Analysis
The ASEAN folding cartons market is segmented based on material type and application. Based on material type, the paperboard segment dominated the market in 2024 and accounted for more than 65% share of the overall market. Paperboard offers advantages such as cost-effectiveness, sustainability, and ease of recyclability. It is widely used for food and beverage packaging applications, which is the major end-use industry in the region.

Key Takeaways
The global ASEAN folding cartons market is expected to witness high growth over the forecast period of 2024 to 2031.

The ASEAN region is expected to be the fastest growing market for folding cartons. Indonesia, Thailand, and Vietnam are projected to register growth rates above 9% during the forecast period. The high population density and rapid growth of the food and beverage industry in these countries are driving the demand for sustainable and recyclable packaging solutions such as folding cartons.

The ASEAN folding cartons market is dominated by a few international players such as AR Packaging Group, WestRock Company, Amcor plc, and Mondi Group. AR Packaging Group is one of the leading suppliers of sustainable folding carton packaging solutions in Southeast Asia with a strong presence across Indonesia, Thailand, and Vietnam. WestRock Company and Amcor plc also have a well-established manufacturing infrastructure and customer base in the key ASEAN countries.

 

For More details on the topic:

https://www.marketwebjournal.com/asean-folding-cartons-market-market-size-and-share-analysis/

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