Folding Carton Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 

Folding Carton Market Analysis:

1. The Folding Carton Packaging Market is projected to experience significant growth in the coming years. According to market research, the market size is expected to increase from USD 148.47 billion in 2023 to USD 183.96 billion by 2028. This represents a Compound Annual Growth Rate (CAGR) of 4.38% during the forecast period of 2023–2028. The growth of the market can be attributed to several factors, including the increasing demand for eco-friendly packaging solutions and the rising popularity of online shopping.

2. Counterfeiting is a major issue that affects various industries, including the pharmaceutical sector. Medicine counterfeiting is a global risk that poses a threat to public health and safety. To combat this problem, many market players are incorporating 2D matrix codes on folding carton packages for medicines. This technology allows for 100% electronic inspection of each folded carton’s print quality, ensuring that each product is genuine and safe for consumption. The use of serialized identifiers on each folding carton is critical to the success of this concept.

3. The implementation of serialized folding carton packaging solutions is expected to drive the demand for Folding Cartons in the coming years. This technology provides a unique and real 100% electronic print inspection system designed for the folding carton industry. The ability to inspect each carton and generate a report showing all accepted and rejected cartons’ final results ensures that only genuine products are distributed to consumers. As a result, the demand for Folding Cartons is expected to increase as more market players adopt this technology to combat counterfeiting and ensure the safety of their products.

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