A new report by Smithers titled “The Future of Folding Cartons in 2028″ states that various new packaging designs and formats have emerged in the folding carton market due to the impact of new methods of sustainability, recycling, and waste reduction.

With the impact of Covid-19, the folding cardboard box market grew by 2.5% in 2021 and further increased by over 5% in 2022. In addition, the changes in production capacity in the industry have a significant impact on future investment strategies, with a net production capacity of over 6 million tons entering the market between 2020 and 2022. The mid-term growth forecast for the folding cardboard box market indicates that by 2028, global consumption will be close to 70 million tons, with a value of nearly $200 billion calculated at constant prices in 2022.