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Digital Folding Cartons Market Size, Industry Analysis Report By Material Used (Plastic, Paper), By End-User (Food, Confectionary, Fruits and vegetables, Bakery, Dairy product, Meat, poultry, seafood) & Region – Forecast

  • PUBLISHED ON
  • 2024-10-03
  • NO OF PAGES
  • 204
  • CATEGORY
  • Packaging
The Digital Folding Cartons Market: Overview
The Digital Folding Cartons Market is valued at around USD 267.30 million in 2022 and is expected to reach USD 711.03 million by 2030, registering a CAGR of 12.7% over the forecast period. The intended most popular type of consumer packaging is folding cartons. Retail products are packaged in folding cartons. It is made of paperboard, which is readily available for less money.

The Digital Folding Cartons Market - Growth Factor
Over the past ten years, there has been a substantial change in the worldwide packaging sector. Digital folding cartons are mostly used for food packaging and brand promotion. In the last ten years, digital printing has left its mark on the packaging sector. As manufacturers and brands engaged in changing their package formats to make them compatible with digital printing presses, the packaging industry has proven to be a growth driver for the digital printing market. Manufacturers of digital folding cartons place a focus on variations with customization options including variable printing, serialisation, and track & trace, among others. The elimination of additional fees for promotional and targeted marketing is one of the main factors fostering the expansion of the worldwide digital folding cartons industry.

The Digital Folding Cartons Market – Market Trends
• Due to the favourable demographics, demand for folding cartons is increasing. Additionally, throughout the projected period of 2021 to 2028, population expansion, consumer disposable income growth, and the need for food are all having a significant impact on the growth of folding cartons.
• Due to the aforementioned factors, the market for folding cartons is expected to increase significantly over the course of the forecast period due to the increasing demand for dry foods, frozen or chilled meals, and cigarettes, particularly in emerging nations.
• Additionally, during the aforementioned forecast period, the quick change in lifestyle and shifting dietary preferences are anticipated to drive folding carton market growth.
• The most important aspect that actively drives the market need for folding cartons is the introduction of new products, the use of cutting-edge technologies and designs, and the strong demand for folding cartons.
• Over the forecast period of 2022 to 2030, the growing number of technical advancements and the rising demand for packaged food goods will also present a number of growth possibilities for the folding cartons market.

The Digital Folding Cartons Market – Segmentation
The Digital Folding Cartons Market fragrance concentrates market has been sub-classified into type, application.

On the basis of material used, the Digital Folding Cartons Market is bifurcated into:
• Plastic
• Paper
• Others

On the basis of end-user, the market is segmented into:
• Food
• Confectionary
• Fruits and vegetables
• Bakery
• Dairy product
• Meat, poultry, and seafood
• Others (pet food, baby food, etc).
• Beverage
• Alcoholic beverages
• Non-alcoholic beverages
• Tobacco
• Personal care and cosmetics
• Electronics
• Others

The Digital Folding Cartons Market –Regional Analysis
North America dominated the global Digital Folding Cartons Market, During the projected period, it is anticipated that the growth of delivery services like Deliveroo in the UK will boost sales of digital folding cartons.

The Digital Folding Cartons Market – Key Market players
Global key players of Digital Folding Cartons Market include CCL Industries Inc., Quad/Graphics Inc., Quantum Print and Packaging Ltd., Traco Manufacturing, Inc., Xeikon N.V., and Xerox Corporation, and others.

Report scope
Global Digital Folding Cartons Market: Historical Years- 2018-2021
Global Digital Folding Cartons Market: Forecast Years- 2022-2030
Global Digital Folding Cartons Market 2022- USD 267.30 million
Global Digital Folding Cartons Market 2030- USD 711.03 million
Global Digital Folding Cartons Market CAGR- 12.7%

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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