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Folding Carton Market Size to Grow Over 2.3 Million Tons in North America Amid Recession | US to Emerge as Key Market

Shape strategic responses through the phases of industry recovery

Amcor Plc, Arkay Packaging, and Bell Inc. will emerge as major folding carton market in North America participants during 2020-2024

The folding carton market in North America is expected to grow by 2.32 million tons during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the folding carton market in North America in optimistic, probable, and pessimistic forecast scenarios. The market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth in 2020 is likely to increase as compared to 2019.

Technavio has announced its latest market research report titled Folding Carton Market in North America 2020-2024 (Graphic: Business Wire)

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The folding carton market in North America is driven by the rise in the number of mergers and acquisitions among vendors operating in the market. In addition, other factors such as the increasing use of eco-friendly materials in packaging are expected to trigger the folding carton market in North America toward witnessing a CAGR of almost 5% during the forecast period.

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.

This post-pandemic business planning research will aid clients to:

  • Adjust their strategic planning to move ahead once business stability kicks in.
  • Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
  • Conceptualize scenario-based planning to mitigate future crisis situations.

Download the Post-Pandemic Business Planning Structure. Click here

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

Major Three Folding Carton Market In North America Participants:

Amcor Plc

Amcor Plc operates its business through segments such as Flexibles and Rigid Packaging. The company offers specialty cartons with print effects, pack formats, and smart and connected solutions.

Arkay Packaging

Arkay Packaging operates its business through the Product segment. The company offers folding cartons for the packaging of cosmetics and pharmaceutical products.

Bell Inc.

Bell Inc. operates its business through the Services segment. The company offers folding cartons to enterprises in industries such as food packaging and consumer products.

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