The Global Folding Carton Market is valued to reach USD 12.83 Million by 2023, growing at CAGR 5.01% over the forecast period 2020-2026.
The Middle East and Africa are some of the fastest growing regions in the global folding carton packaging market. The market has an enormous potential for growth across all end use sectors.Food will continue to remain the largest market in the region. In the non-food sector, folding cartons are making their way into premium and prestige products categories and competing against set-up boxes. Saudi Vision 2030 aims to privatise its healthcare sector which is expected to revamp the growth in the sector and is likely to support the healthcare packaging market.
Folding cartons account for over 80 percent of the printed products in the Middle East, with most produced for the local markets. Competition between printing press manufacturers is stiff in these growth markets.
Growth owing to the changing consumer lifestyles, and growing demand for packed foods in the region.