World’s Top 20 Companies in ASEAN Folding Cartons Market 2025: Industry Intelligence Report by Spherical Insights (2024–2035)

Description

According to a research report published by Spherical Insights & Consulting, The Global ASEAN Folding Cartons Market Size is projected to Grow from USD 5.90 Billion in 2024 to USD 16.2 Billion by 2035, at a CAGR of 9.62% during the forecast period 2025–2035. It is driven by the food, beverage, and pharmaceutical industries' strong desire for environmentally friendly, sustainable packaging. Increased middle-class consumption, urbanization, and the spread of e-commerce throughout the region are the main drivers of rapid growth.

 

 

Introduction

Folding cartons are packaging items created from paperboard (or boxboard), which undergoes printing, cutting, creasing, and folding to achieve its final form. They are a widely-used, environmentally friendly substitute for plastics, appreciated for their firmness, low weight, outstanding printability for branding purposes, and economical shipping of consumer products. Extended Producer Responsibility (EPR) regulations for packaging are being implemented in several countries, imposing mandatory recycling and recovery targets and increasing compliance requirements, which influence design and sustainability practices in the global ASEAN folding cartons market. Growing environmental consciousness is causing a significant shift away from plastic packaging and toward fiber-based substitutes. This opens up a lot of possibilities for creative, biodegradable paperboard solutions, particularly in barrier coating technologies that increase resistance to grease and moisture.

 

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ASEAN Folding Cartons Market Size & Statistics

• The Market Size for ASEAN Folding Cartons Was Estimated to be worth USD 5.90 Billion in 2024.
• The Market Size is Going to Expand at a CAGR of 9.62% between 2025 and 2035.
• The Global ASEAN Folding Cartons Market Size is anticipated to reach USD 16.2 Billion by 2035.
• Asia Pacific is estimated to generate the highest demand during the forecast period in The ASEAN Folding Cartons Market.
• North America is projected to grow the fastest during the forecast period in The ASEAN Folding Cartons Market

 

 

Regional Growth and Demand

North America is expected to grow the fastest during the forecast period in the ASEAN folding cartons market. The rapid expansion of the food and beverage, pharmaceutical, and consumer goods industries in the United States and Canada is driving the demand for sustainable and lightweight folding carton packaging solutions. The United States led the market growth, supported by strong research and development activities and the presence of major packaging manufacturers. In 2025, Stora Enso introduced Performa Nova, a lightweight, renewable folding boxboard designed for food packaging including chilled products, supporting recyclable packaging solutions and helping reduce plastic use in the global and ASEAN folding cartons market.

 

Asia Pacific is anticipated to generate the highest demand during the forecast period in the ASEAN folding cartons market. The region's market growth is driven by the expanding food and beverage, pharmaceutical, and personal care industries, along with rising demand for sustainable packaging solutions in countries such as China and India. Capacity expansion through significant investments such as SCG Packaging's acquisition of a folding carton producer in Vietnam and APRIL Group's construction of a large sustainable paperboard facility in Indonesia is boosting regional production capacity for recyclable folding boxboard, reinforcing competitiveness in the global ASEAN and Asia-Pacific folding cartons market.

 

 

Top 10 trends in the ASEAN Folding Cartons Market

1. Shift Toward Sustainability and Eco-Friendly Materials
2. Replacement of Plastic in Foodservice (Plastic-to-Paper Shift)
3. Growth of E-commerce Packaging Solutions
4. Adoption of High-Barrier Coatings
5. Increasing Use of Recycled Paperboard
6. Digital Printing and Customization
7. Smart and Interactive Packaging
8. Lightweighting and Structural Optimization
9. Mergers and Acquisitions (M&A) in Converting
10. Premiumization of Packaging Finishes

 

1. Shift Toward Sustainability and Eco-Friendly Materials:

Brands are rapidly moving away from plastic, driving demand for paperboard, recycled pulp, and biodegradable alternatives to meet corporate Environmental, Social, and Governance (ESG) commitments and consumer demands.

 

2. Replacement of Plastic in Foodservice (Plastic-to-Paper Shift):

Folding cartons are increasingly replacing plastic clamshells and Styrofoam in the booming food delivery and ready-to-eat market in Southeast Asia.

 

3. Growth of E-commerce Packaging Solutions:

The rise in online shopping is creating demand for durable, tamper-evident folding cartons that can withstand shipping and offer a superior unboxing experience.

 

4. Adoption of High-Barrier Coatings:

To compete with plastic, folding cartons now utilize advanced water-based, oil-and-grease-resistant (OGR), and PFAS-free barriers, improving functional performance for greasy or moist foods.

 

5. Increasing Use of Recycled Paperboard:

Recycled grades are dominating the segment (about 80% capacity share), with strong growth in the packaging of non-contact categories like tea, coffee, and breakfast cereals.

 

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Unlock exclusive market insights—Download the Brochure now and dive deeper into the future of the ASEAN Folding Cartons Market.

Top 20 Companies Leading the ASEAN Folding Cartons Market

1. SCG Packaging (SCGP)
2. Oji Holdings Corporation
3. Rengo Co. Ltd.
4. Amcor Plc
5. Huhtamaki Oyj
6. Smurfit WestRock
7. Toppan Inc.
8. Thai Packaging & Printing Public Company Limited
9. Pura Group (PT Pura Barutama)
10. Harta Packaging Industries Sdn Bh
11. Vina Kraft Paper Co. Ltd.
12. PT Indah Kiat Pulp & Paper Tbk
13. Dai Nippon Printing Co. Ltd. (DNP)
14. Tetra Pak International S.A.
15. Mondi plc
16. DS Smith plc
17. Graphic Packaging International
18. Sonoco Products Company
19. Cosmo Industries Company Limited
20. TPN Packaging (Thung Hua Sinn Group)

 

1. SCG Packaging (SCGP)

Headquarter: Bangkok, Thailand

SCG Packaging Public Company Limited (SCGP) is a Thai multinational packaging solutions provider founded in 1975 and operates as a subsidiary of Siam Cement Group. The company specializes in integrated packaging solutions, including paper packaging, consumer and performance packaging, and foodservice packaging for industries such as e-commerce, food and beverage, healthcare, and consumer goods. Its portfolio includes corrugated packaging, flexible packaging, fiber-based packaging, and recycling solutions designed to support sustainable supply chains. SCG Packaging operates globally with over 22,000 employees and recorded revenue of around USD 4 Billion in 2025.

 

2. Oji Holdings Corporation

Headquarter: Tokyo, Japan

Oji Holdings Corporation is a Japanese multinational paper and packaging company founded in 1873. The company specializes in the manufacturing of paper products, packaging materials, and forest-based resources for global markets. Its product portfolio includes containerboard, corrugated packaging, printing and communication papers, specialty papers, and sustainable packaging solutions used across industries such as food and beverage, consumer goods, and logistics. Oji Holdings Corporation operates worldwide with over 36,000 employees and recorded revenue of around USD 13 Billion in 2025.

 

3. Rengo Co. Ltd.

Headquarter: Osaka, Japan

Rengo Co., Ltd. is a Japanese multinational packaging company founded in 1909. The company specializes in paperboard and corrugated packaging solutions for a wide range of industries including food and beverage, e-commerce, consumer goods, and industrial products. Its product portfolio includes corrugated boxes, containerboard, paperboard packaging, and flexible packaging materials designed to support efficient logistics and sustainable packaging practices. Rengo Co., Ltd. operates globally with over 25,000 employees and recorded revenue of around USD 7 Billion in 2025.

 

4. Amcor Plc

Headquarter: Zürich, Switzerland

Amcor plc is a Swiss-Australian multinational packaging company founded in 1860. The company specializes in developing and producing responsible packaging solutions for food, beverage, pharmaceutical, medical, and personal care industries. Its product portfolio includes flexible packaging, rigid containers, specialty cartons, and sustainable packaging materials designed to enhance product protection and extend shelf life. Amcor plc operates globally with over 41,000 employees and recorded revenue of around USD 14 Billion in 2025.

 

5. Huhtamaki Oyj

Headquarter: Espoo, Finland

Huhtamaki Oyj is a Finnish multinational packaging company founded in 1920. The company specializes in sustainable food packaging solutions for global foodservice operators, consumer brands, and retail markets. Its product portfolio includes paper cups, food containers, flexible packaging, molded fiber packaging, and specialty packaging solutions designed to enhance product safety and sustainability. Huhtamaki Oyj operates worldwide with over 18,000 employees and recorded revenue of around USD 4 Billion in 2025.

 

Unlock exclusive market insights—Download the Brochure now and dive deeper into the future of the ASEAN Folding Cartons Market.

Company Profiles

 

1. SCG Packaging (SCGP)

 

• Business Overview
• Company Snapshot
• Products Overview
• Company Market Share Analysis
• Company Coverage Portfolio
• Financial Analysis
• Recent Developments
• Merger and Acquisitions
• SWOT Analysis

 

1. Oji Holdings Corporation
2. Rengo Co. Ltd.
3. Amcor Plc
4. Huhtamaki Oyj
5. Smurfit WestRock
6. Toppan Inc.
7. Thai Packaging & Printing Public Company Limited
8. Pura Group (PT Pura Barutama)
9. Harta Packaging Industries Sdn Bh
10. Vina Kraft Paper Co. Ltd.
11. PT Indah Kiat Pulp & Paper Tbk
12. Dai Nippon Printing Co. Ltd. (DNP)
13. Tetra Pak International S.A.
14. Mondi plc
15. DS Smith plc
16. Graphic Packaging International
17. Sonoco Products Company
18. Cosmo Industries Company Limited
19. TPN Packaging (Thung Hua Sinn Group) 

 

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Conclusion

The ASEAN folding cartons market is projected to grow significantly from USD 5.90 billion in 2024 to USD 16.2 billion by 2035, registering a CAGR of 9.62%. This growth is driven by increasing demand for sustainable and recyclable packaging across food, beverage, pharmaceutical, and consumer goods industries. Rising urbanization, expanding e-commerce activities, and growing middle-class consumption in Southeast Asia are further accelerating market expansion. The shift from plastic to fiber-based packaging, supported by environmental regulations and Extended Producer Responsibility (EPR) policies, is creating strong opportunities for folding carton manufacturers.

 

Unlock exclusive market insights—Download the Brochure now and dive deeper into the future of the ASEAN Folding Cartons Market.

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI. Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

 

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