In the Folding Carton Market, Specialty Drinks & Frozen Food Provide Opportunities

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Jul 27, 2022, 10:17 ET

CLEVELAND, July 27, 2022 /PRNewswire/ -- A new Freedonia Group analysis finds that demand for folding cartons in the beverage market will benefit from the popularity of smaller, regional runs of beverages, most notably craft beer, and 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.

US Folding Carton Demand to Grow 1.8% Annually Through 2026

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 loss of market share to stand-up pouches, which offer:

consumers with performance benefits such as resealability
producers with such advantages as reduced shipping costs due to lighter weight and space saving

Despite these challenges, growth will be supported by:

increasing production of beverages, the largest application
ongoing gains in the popularity of both takeout and delivery, amplified by the rise in online ordering and third-party delivery services
rising pharmaceutical production to meet the needs of an aging population

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Folding Cartons provides historical (2011, 2016, and 2021) data and forecasts to 2026 and 2031 are presented in current dollars and tons by market.

Markets:

food and beverages:

beverages
frozen foods
bakery products
meat, poultry, and seafood, including meat alternatives
candy and confections
dairy products
other foods (e.g., breakfast cereal, savory snacks, sauces and condiments, fats and oils, infant foods, sweeteners, dry soups, spices and seasonings)

nondurable (nonfood) goods

pharmaceuticals
chemical products
cosmetics and toiletries
paper and publishing
other nondurable goods, including textiles and apparel, petroleum products, tape, and office supplies

durable goods

fabricated metal products
toys and sporting goods
machinery and equipment
silverware and jewelry
music, entertainment, and software
motor vehicle parts
glass and ceramic products
instruments and all other durable goods

foodservice and carryout
moving, storage, and other nonmanufacturing markets

About the Freedonia Group - The Freedonia Group, a division of MarketResearch.com, is the premier international industrial research company, providing our clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. With over 100 studies published annually, we support over 90% of the industrial Fortune 500 companies. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.

Press Contact:
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SOURCE The Freedonia Group