Key advantages of folding cartons include graphical printability, lightweight and robust construction offering optimum protection, cost-effectiveness, and sustainability being made from recyclable and reusable materials. Rising health consciousness and preference for packaged and branded products have amplified the need for folding cartons in the region.
The Global Asean Folding Cartons Market is estimated to be valued at US$ 5.33 Bn in 2024 and is expected to exhibit a CAGR of 9.3% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Asean folding cartons are American Axle & Manufacturing Holdings Inc., AmTech International, Bharat Gears Ltd, Cone Drive, Dynamatic Technologies Limited, Franz Morat Holding GmbH & Co. KG, Gleason Corporation, IMS Gear SE & Co. KGaA, Robert Bosch GmbH, RSB Group, Showa Corporation, UAG LLP, and ZF Friedrichshafen AG.
The key opportunities in the ASEAN Folding Cartons Market Size include rise in e-commerce leading to increasing demand for secure packaging solutions and growth of FMCG industry driving requirement for foldable carton packaging. Furthermore, innovations in digital printing and nanotechnology enabling activated cartons are opening new avenues.
Technological advancements in the market include development of smart and interactive cartons with QR codes and RFID tags for product authentication, tracking, and engaging customers. Increased adoption of sustainability-linked innovations such as lignin-based barrier coatings and recyclable paperboard are also being witnessed.
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