Global folding carton market 2017-2021
According to a new report by Technavio, the global folding carton market is expected to grow at a CAGR close to 5% during the period 2017-2021. Graphic Packaging International, Smurfit Kappa, Sonoco, and WestRock are the leading players in the market.
The healthcare industry is expected to witness a considerable boost in the demand for folding cartons during the forecast period. Paperboard cartons and cases are widely used for pharmaceutical products. Due to swift growth in population along with an increase in expenditure on healthcare, the ASEAN countries are expected to be the chief contributors to the increase in demand in this industry (Press Release Technavio, 22 December 2017).
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