Folding Cartons Market: Potential Growth, Attractive Valuation Make It Is A Long-Term Investment 2016 - 2024
According to a research report released by Transparency Market Research, the ASEAN folding cartons market holds an intensely competitive scenario where there are a larger number of players of all sizes. The TMR analysts expect the competitive landscape of the market to remain intense over the coming years, while the current is being led by the likes of Amcor Ltd., DS Smith Plc., and Huhtamaki Group. The ASEAN folding cartons market, as stated in the report, is expanding at a very healthy CAGR of 7.10% within a forecast period from 2016 to 2024. The market was valued at US$2.8 bn in 2016 and is likely to reach US$4.9 bn by the end of 2024. Players Focus on Booming Indonesia Demand for Folding Cartons From a regional perspective, the ASEAN folding cartons market has so far been dominated by the massive demand emanating from Indonesia. This region’s CAGR of 7.20% from 2016 to 2024 highlights its impact on the overall ASEAN market, and this growth rate is attributed to ...