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DUBLIN–(BUSINESS WIRE)–The “United States Folding Cartons 2022-2026” report has been added to ResearchAndMarkets.com’s offering.
This industry study analyzes the $11.7 billion US folding carton industry. It presents historical demand data (2011, 2016, and 2021) and forecasts (2026 and 2031) by market (food and beverages, nondurable goods, durable goods, food service and carry out, and other markets). The study also evaluates company market share and competitive analysis.
Through 2026, demand for folding cartons in the US is projected to rise 1.8% per year to $12.8 billion, with an uptick in real growth offset by slowing price increases.
Folding cartons will face several limiting trends, including a continuing push to reduce the amount of secondary packaging used with manufactured products.
For example, in many markets cartons are seeing a loss of market share to stand-up pouches, which offer:
Despite these challenges, growth will be supported by:
Sustainability has a complicated impact on demand for folding cartons, as the relative advantages and disadvantages of paperboard can benefit some aspects of sustainability while detracting from others. While there is demand for use of paper-based products over plastic types (especially in food service applications) because paper is commonly perceived by consumers as being more environmentally friendly, the rigid nature and poor barrier properties of paperboard compared to plastic are causing folding cartons to lose share to plastic packaging in some applications.
Specialty Drinks & Frozen Food Provide Opportunities for the Large Food & Beverage Market
In 2021, food and beverage applications accounted for 61% of folding carton demand. Demand for folding cartons in the beverage market will benefit from the popularity of smaller, regional runs of beverages, most notably craft beer, and the proliferation of limited, seasonal varieties of hard seltzers and premixed cocktails. These products frequently use folding cartons with more colorful and elaborate graphics to stand out from the competition.
The frozen food market will also see relatively healthy growth, boosted by continued consumer interest in convenient trays or bowls, which frequently employ folding cartons as secondary packaging. However, further gains in this market will be limited by competition from paper sleeves for secondary packaging of frozen food.
Food service Applications Are Forecast to See the Fastest Gains
The food service and carryout market for folding cartons is expected to expand much more quickly than average, due largely to the importance of takeout and delivery, as well as online ordering and third-party delivery services. While consumer interest in sustainability is boosting the use of paper folding cartons (which are seen as recyclable and biodegradable) in place of single-use plastics, sealable plastic packaging continues to provide strong competition for some food service items, as consumers are most concerned that their food arrives intact and plastic containers have higher leak resistance than cartons.
Key Topics Covered:
1. Executive Summary
2. About This Report
4. Food & Beverage Markets
5. Nonfood Markets
6. Key Suppliers & Market Share
For more information about this report visit https://www.researchandmarkets.com/r/cf0hgq
Laura Wood, Senior Press Manager
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