TechNavio recognizes the following companies as the key players in the Global Folding Carton Market: Graphic Packaging Holding Co., Mayr-Melnhof Karton AG, MeadWestvaco Corp., and RockTenn Co.
Commenting on the report, an analyst from TechNavio’s team said: “The Global Folding Carton market is witnessing various technological innovations, with companies introducing innovative products. The vendors are trying to continuously invest in R&D initiatives to differentiate themselves in the crowded market. Technologies such as barrier coatings, quick response codes, and holographic images are enabling vendors to develop improved folding cartons. Such innovations also help vendors in increasing their efficiency and reducing costs. For instance, Amcor Ltd., a prominent vendor in the market, has an in-house innovation and design team of graphic designers and scientists to come up with innovative products and technologies. Also, its local carton design team works in partnership with various design agencies to enhance product innovations. Hence, the increase in technological innovations will help in creating a demand for folding cartons during the forecast period.”
According to the report, one of the main drivers in this market is the increase in demand for packaged food and beverages, which has resulted from the increase in the population and the increase in the disposable income of consumers in many parts of the world.
Further, the report states that one of the main challenges hindering the growth of this market is the capital-intensive nature of the business. Vendors need huge amounts of capital to enter the market both for initial investments and while adopting newer technologies.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-folding-carton-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
Follow us on Twitter @ Technavio
