Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Definition of Market/Industry:

Folding cartons are popular packaging materials that are used to package bulk materials. They are widely used in the retail packaging industry. They provide safety and easy handling of the product during transportation. They are produced from paper boards that are cut, laminated, folded, and glued into a box shape.

Statistics:

The ASEAN Folding Cartons market was estimated to account for US$ 3,541 Mn in terms of value and 1,836.3 kilo tons in terms of volume by the end of 2019.

Drivers:

Driver 1

Growing demand for packaged and takeaway food products across ASEAN countries is primarily fueling the market growth of the folding cartons. Growth in the food &beverage industry due to increasing consumer spending on food products coupled with the rising consumption of processed food products are further expected to augment the market growth of folding cartons over the forecast timeframe.

Driver 2

An increase in international trading across the ASEAN region and subsequent expansion of business networks which has increased the distribution network is expected to drive the market growth of folding cartons. The growing need for bulk storing and transportation around the globe is also creating demand for folding cartons. Moreover, increasing establishment of new warehouses due to growth in the manufacturing companies is further anticipated to fuel the market growth of the ASEAN folding cartons. 

Statistics:

Indonesia dominated the ASEAN Folding Cartons market in 2019, accounting for 32.2% share in terms of value, followed by Thailand and Malaysia, respectively.

Figure 1. ASEAN Folding Cartons Market, Revenue Share (%), By Country, 2019

ASEAN Folding Cartons  | Coherent Market Insights

Market Restraints

Restraint 1

The availability of better and cheap packaging solutions such as flexible plastic packaging and rigid boxes and are also highly flexible is expected to hinder the market growth of folding cartons.

Restraint 2

Fluctuation in the price of wood pulp due to the demand-supply gap is expected to restrict the adoption of folding cartons. This factor is expected to hinder the market growth of folding cartons.

request-sample

ASEAN Folding Cartons Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$  3,541 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 5.8% 2027 Value Projection: US$  5,641.6 Mn
Geographies covered:
  • Indonesia, Thailand, Malaysia, Philippines, Vietnam, Myanmar, Rest of ASEAN
Segments covered:
  • By Material Type: Solid Bleached Surface, Coated Unbleached Surface, Coated Recycled Board, Uncoated Kraft Boxboard.
  • By Order Type: Standard Order Type, Customized Order Type.
  • By End-use: Food & Beverages, Homecare Products, Personal Care Products, Pharmaceutical, Tobacco Products, Others.
Companies covered:

AR Packaging Group AB, HUHTAMAKI GROUP, Mayr-Melnhof Karton Gesellschaft M.b.h., International Paper, DS Smith PLC, Amcor Limited, Rengo Co., Ltd., Pactiv Asia

Growth Drivers:
  • Growing demand for packaged and takeaway food products
  • International trading across the ASEAN region and subsequent expansion of business networks
Restraints & Challenges:
  • Availability of better and cheap packaging solutions

Market Opportunities

Figure 2. ASEAN Folding Cartons Market – Opportunity Analysis

ASEAN Folding Cartons  | Coherent Market Insights

Opportunity 1

Growing demand for printed and laminated cartons with graphics and labels across the food & beverage industry is expected to serve major growth opportunities to the market. Rising preferences towards convenience and aesthetic packaging materials for branding and advertising purpose is again expected to fuel the market growth. Moreover, the growing popularity of eco-friendly solutions due to the growing need for sustainable packaging is further expected to propel the market growth.

Opportunity 2

Increasing use of anti-counterfeit technologies such as embedded barcode and RFID on the folding cart owing to its superior rigidity and printability is projected to offer immense market opportunities. Increasing ban on the use of single-use plastic for packaging coupled with the growth in the electronic and electrical industry is further expected to augment the market growth of the ASEAN folding cartons over the forecast period.

Figure 3. ASEAN Folding Cartons Market, Revenue Share (%), By End-use, in 2019

ASEAN Folding Cartons  | Coherent Market Insights

By end-use, ASEAN Folding Cartons market is dominated by food & beverage segment, which was valued at US 1,379.4 Mn in 2019 and is forecast to reach a value of US$ 2,169.5 by 2027 at a CAGR of 5.6% between 2020 and 2027. 

Market Trends/Key Takeaways

Trend 1

The single-serving pack is one of the growing trends in the market due to the tendency to opt for a trial pack before buying the large pack for daily use is expected to augment the market growth. Increasing adoption of folding cartons by healthcare and pharma companies for shipping medicine and medical product is the ASEAN region is further expected to foster market growth.

Trend 2

A growing number of the working population is driving demand for cosmetics and personal care products due to the growing fashion trend. This is expanding the cosmetic and personal care industry thereby fueling the market growth of ASEAN folding cartons. Increasing disposable income is driving demand for various consumers’ products around the globe which is further expected to propel the market growth of the ASEAN folding cartons over the forecast period.

ASEAN Folding Cartons Market - Impact of Coronavirus (Covid-19) Pandemic

The COVID-19 pandemic has affected all the industries including automotive, chemicals, logistics, and oil & gas among others. It has a severe impact on packaging industry as well. Measures such as lockdown, and cease in the economic activities has reduced the discretionary spending of a consumer, which has in turn impacted the sales of luxury goods, chemicals, apparel and other non-essential goods. These factors have hampered the demand for folding cartons in the ASEAN regions. However, demand for folding cartons in the ASEAN countries is expected to witness surge in demand once the situation starts to normalize.

Competitive Section:

Company Names 

  • AR Packaging Group AB
  • HUHTAMAKI GROUP
  • Mayr-Melnhof Karton Gesellschaft M.b.h.
  • International Paper
  • DS Smith PLC
  • Amcor Limited
  • Rengo Co., Ltd.
  • Pactiv Asia

Few Recent Developments:

AR Packaging Group AB

  • In April 2019, AR Packaging Group AB has entered into a definitive agreement with a subsidiary of Nampak Limited for the acquisition of all outstanding shares in Nampak Cartons Nigeria Limited, a producer of high-quality folding carton products for the tobacco, food and consumer goods segments.
  • In March 2019, A&R Carton has unveiled new sizes of the composite can Boardio with an optimized fiber content of 90%.

Folding carton is any package or any part of a package whose shape can be readily changed. They are produced from materials such as paper and paperboard. They are made up of paperboard which created into box shapes with different sizes. Folding cartons are eco-friendly packaging solutions and are widely adopted across the e- food & beverage, e-commerce and warehousing.

Market Dynamics:

Based on industry, ASEAN folding carton market is segregated into food & beverages, homecare products, personal care products, pharmaceutical, tobacco products, and others. Wherein, food & beverages segment accounted for the largest market share in terms of the revenue in 2019, and contributed for 39.0% in the same year.

On the basis of country, Indonesia accounted for the largest revenue share in 2019 and contributed for the revenue share of 32.2% in 2019. The growth is majorly driven by the continuous increase in demand of takeaway food across ASEAN countries. Besides, rising demand for bulk storage and transportation also drives the demand for folding cartons in the ASEAN region.

Key features of the study:

  • This report provides in-depth analysis of folding carton and provides market size (US$ Million and Kilo Tons) and cumulative annual growth rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the ASEAN folding carton market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include AR Packaging Group AB, HUHTAMAKI GROUP, Mayr-Melnhof Karton Gesellschaft M.b.h., International Paper, DS Smith PLC, Amcor Limited, Rengo Co., Ltd., Pactiv Asia
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, technology up gradation, market expansion, and marketing tactics
  • The ASEAN folding carton market report caters to various stakeholders in this industry including investors, suppliers, Folding carton manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the folding carton market

Detailed Segmentation:

  • ASEAN Folding carton Market, By Material type:
    • Solid Bleached Sulfate (SBS)
    • Coated Unbleached Kraft (CUK)
    • Coated Recycled Board (CRB)
    • Uncoated kraft Boxboard (UKB) 
  • ASEAN Folding carton Market, By Order Type:
    • Standard
    • Customized
  • ASEAN Folding carton Market, By End-use:
    • Food & Beverages
      • Frozen & Chilled food products
      • Fresh food products
      • Bakery & Confectionary 
      • Ready to eat food products
      • Beverages
      • Others
    • Homecare Products
    • Personal care products
    • Pharma and Healthcare products
    • Tobacco Products
    • Industrial Products
    • Others
  • ASEAN Folding carton Market, By Geography:
    • Thailand
      • By Material Type:
        • Solid Bleached Sulfate (SBS)
        • Coated Unbleached Kraft (CUK)
        • Coated Recycled Board (CRB)
        • Uncoated kraft Boxboard (UKB)
      • By Order Type:
        • Standard
        • Customized
      • By End-use
        • Food & Beverages
          • Frozen & Chilled food products
          • Fresh food products
          • Bakery & Confectionary
          • Ready to eat food products
          • Beverages
          • Others
        • Homecare Products
        • Personal care products
        • Pharma and Healthcare products
        • Tobacco Products
        • Industrial Products
        • Others
    • Myanmar
      • By Material Type:
        • Solid Bleached Sulfate (SBS)
        • Coated Unbleached Kraft (CUK)
        • Coated Recycled Board (CRB)
        • Uncoated kraft Boxboard (UKB)
      • By Order Type:
        • Standard
        • Customized
      • By End-use
        • Food & Beverages
          • Frozen & Chilled food products
          • Fresh food products
          • Bakery & Confectionary
          • Ready to eat food products
          • Beverages
          • Others
        • Homecare Products
        • Personal care products
        • Pharma and Healthcare products
        • Tobacco Products
        • Industrial Products
        • Others
    • Indonesia
      • By Material Type:
        • Solid Bleached Sulfate (SBS)
        • Coated Unbleached Kraft (CUK)
        • Coated Recycled Board (CRB)
        • Uncoated kraft Boxboard (UKB)
      • By Order Type:
        • Standard
        • Customized
      • By End-use
        • Food & Beverages
          • Frozen & Chilled food products
          • Fresh food products
          • Bakery & Confectionary
          • Ready to eat food products
          • Beverages
          • Others
        • Homecare Products
        • Personal care products
        • Pharma and Healthcare products
        • Tobacco Products
        • Industrial Products
        • Others
    • Malaysia
      • By Material Type:
        • Solid Bleached Sulfate (SBS)
        • Coated Unbleached Kraft (CUK)
        • Coated Recycled Board (CRB)
        • Uncoated kraft Boxboard (UKB)
      • By Order Type:
        • Standard
        • Customized
      • By End-use
        • Food & Beverages
          • Frozen & Chilled food products
          • Fresh food products
          • Bakery & Confectionary
          • Ready to eat food products
          • Beverages
          • Others
        • Homecare Products
        • Personal care products
        • Pharma and Healthcare products
        • Tobacco Products
        • Industrial Products
        • Others
    • Vietnam
      • By Material Type:
        • Solid Bleached Sulfate (SBS)
        • Coated Unbleached Kraft (CUK)
        • Coated Recycled Board (CRB)
        • Uncoated kraft Boxboard (UKB)
      • By Order Type:
        • Standard
        • Customized
      • By End-use
        • Food & Beverages
          • Frozen & Chilled food products
          • Fresh food products
          • Bakery & Confectionary
          • Ready to eat food products
          • Beverages
          • Others
        • Homecare Products
        • Personal care products
        • Pharma and Healthcare products
        • Tobacco Products
        • Industrial Products
        • Others
    • Philippines
      • By Material Type:
        • Solid Bleached Sulfate (SBS)
        • Coated Unbleached Kraft (CUK)
        • Coated Recycled Board (CRB)
        • Uncoated kraft Boxboard (UKB)
      • By Order Type:
        • Standard
        • Customized
      • By End-use
        • Food & Beverages
          • Frozen & Chilled food products
          • Fresh food products
          • Bakery & Confectionary
          • Ready to eat food products
          • Beverages
          • Others
        • Homecare Products
        • Personal care products
        • Pharma and Healthcare products
        • Tobacco Products
        • Industrial Products
        • Others
    • Rest of ASEAN
      • By Material Type:
        • Solid Bleached Sulfate (SBS)
        • Coated Unbleached Kraft (CUK)
        • Coated Recycled Board (CRB)
        • Uncoated kraft Boxboard (UKB)
      • By Order Type:
        • Standard
        • Customized
      • By End-use
        • Food & Beverages
          • Frozen & Chilled food products
          • Fresh food products
          • Bakery & Confectionary
          • Ready to eat food products
          • Beverages
          • Others
        • Homecare Products
        • Personal care products
        • Pharma and Healthcare products
        • Tobacco Products
        • Industrial Products
        • Others
  • Company Profiles
    • AR Packaging Group AB*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • HUHTAMAKI GROUP
    • Mayr-Melnhof Karton Gesellschaft M.b.h.
    • International Paper
    • DS Smith PLC
    • Amcor Limited
    • Rengo Co., Ltd.
    • Pactiv Asia

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Material Type
      • Market Snippet, By Order Type
      • Market Snippet, By End-use
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Key Industry Trends
      • PEST Analysis
      • Merger & Acquisition Scenario
      • Key developments
  4. ASEAN Folding Cartons Market – Impact of COVID-19 Pandemic
    • Overview
    • Factors Affecting ASEAN Folding Cartons Market–COVID-19
    • Impact Analysis, by Country
  5. ASEAN Folding Cartons Market, By Material Type, 2017 - 2027 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Solid Bleached Sulfate (SBS)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
    • Coated Unbleached Kraft (CUK)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
    • Coated Recycled Board (CRB)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
    • Uncoated kraft Boxboard (UKB)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
  6. ASEAN Folding Cartons Market, By Order Type, 2017 - 2027 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Standard
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
    • Customized
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
  7. ASEAN Folding Cartons Market, By End-use, 2017 - 2027 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Food and Beverages
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
    • Homecare Products
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
    • Personal Care Products
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
    • Pharmaceutical
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
    • Tobacco
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
    • Industrial Products
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & KT)
  8. ASEAN Folding Cartons Market, By Country, 2017 - 2027 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, By Country, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Country, 2020 - 2027
    • Thailand
      • Country Trends
      • Market Size and Forecast, By Material Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Order Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By End-use, 2017 - 2027 (US$ Mn & KT)
    • Myanmar
      • Country Trends
      • Market Size and Forecast, By Material Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Order Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By End-use, 2017 - 2027 (US$ Mn & KT)
    • Indonesia
      • Country Trends
      • Market Size and Forecast, By Material Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Order Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By End-use, 2017 - 2027 (US$ Mn & KT)
    • Malaysia
      • Country Trends
      • Market Size and Forecast, By Material Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Order Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By End-use, 2017 - 2027 (US$ Mn & KT)
    • Vietnam
      • Country Trends
      • Market Size and Forecast, By Material Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Order Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By End-use, 2017 - 2027 (US$ Mn & KT)
    • Philippines
      • Country Trends
      • Market Size and Forecast, By Material Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Order Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By End-use, 2017 - 2027 (US$ Mn & KT)
    • Rest of ASEAN
      • Country Trends
      • Market Size and Forecast, By Material Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By Order Type, 2017 - 2027 (US$ Mn & KT)
      • Market Size and Forecast, By End-use, 2017 - 2027 (US$ Mn & KT)
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
    • Company Profiles
      • AR Packaging Group AB
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • HUHTAMAKI GROUP
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Mayr-Melnhof Karton Gesellschaft M.b.h.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • International Paper
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • DS Smith PLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Amcor Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Rengo Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Pactiv Asia
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 30 market data tables and 20 figures on "Folding Cartons Market - ASEAN forecast to 2027”.

Frequently Asked Questions

The market for ASEAN Folding Cartons is forecast to surpass US$ 5,641.6 million by 2027 witnessing a CAGR of 5.8% between 2020 and 2027.
Growing ecommerce trade across the countries is expected to drive the demand for folding cartons market.
The trend towards the adoption of luxury packaging across the countries is expected to propel the growth of the ASEAN folding cartons market .
The rising use of flexible packaging and convenience offered by it is expected to hamper the growth of folding cartons in ASEAN region.
Major players operating in the ASEAN Folding Cartons market include AR Packaging Group AB, HUHTAMAKI GROUP, Mayr-Melnhof Karton Gesellschaft M.b.h., International Paper, DS Smith PLC, Amcor Limited, Rengo Co., Ltd., Pactiv As.
The ASEAN Folding Cartons market was estimated to be valued around US$ 3,541 million in terms of revenue in 2019.
Existing Clientele

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients

Our Trusted Patner