Eco-Friendly Materials, M&A Activities To Move Folding Carton Market

London — North American sales for folding carton packaging are expected to grow 5 percent, compounded annually, through 2024 with consumer interest in eco-friendly materials and mergers and acquisitions driving the market, according to Technavio.

Year-over-year growth for 2020 is estimated at 4 percent, with incremental volume gains of 2.3 million ton, the market research company reports.

The U.S. will make up 73 percent of the market’s sales, according to Technavio, which notes packaging suppliers should focus on growth strategies on fasting-moving sectors, while maintaining positions in slow-growth markets.