The market for folding boxboard is anticipated to reach US$ 20.3 Billion by 2032 at a CAGR of 5.2% from US$ 12.2 Billion in 2022. The 201-300 GSM and 301-350 GSM basis weights segments of the folding boxboard market are projected to collectively account for around 65% of market share in 2022, according to a study by Future Market Insights. The market valuation of these segments is expected to increase at a CAGR of 4.5% and 5.3%, respectively, during the forecast period 2022–32.
The folding boxboard market is predicted to be led by the Europe region, which is predicted to account for a sizeable market share of around 28% in 2022.
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Key Takeaways
- Some of the recent market advancements have taken place in the folding boxboard market such as the development of lighter folding boxboards without sacrificing strength properties which saves raw material costs. Attributing to such factors, the folding boxboard market is expected to showcase opulent growth opportunities.
- Furthermore, surging public awareness of the benefits of eco-friendly packaging and a widespread application of folding boxboard in every industry is further expected to drive market growth.
- The escalating demand for flexible packaging paper solutions across the globe is driving the growth of the folding boxboard market as per FMI projections. The global folding boxboard market is anticipated to expand at a prolific 5.2% CAGR between the forecast period of 2022 and 2032, in comparison to the CAGR of 4.7% registered between the period 2015 and 2021.
- The rising consumer shift towards paper packaging products is increasing day by day owing to the environmental friendly characteristics of paper material. In several countries, NGOs and governments are taking initiatives to educate people to eliminate the use of plastic packaging products. This has created a positive impact on the global demand for paper-based packaging products.
- In most developing countries, regional governments have staunchly banned the use of plastic bags for retail use which contributes majorly to the pollution of metropolitan cities. Consumers in these big cities are positively supporting the no plastic movement and adopting paper-based packaging products over plastic packaging products.
- Paper packaging comes with several benefits such as it offers optimum protection and is economical due to which they drastically become the first preference for packaging bulk goods in a variety of industries including electrical and electronics, processed food, etc. The ever-growing popularity of paper packaging products is anticipated to drive the folding boxboard market.
How will the Fast Growing E-commerce Industry Generate Significant Growth Opportunities the Folding Boxboard Market?
The booming e-commerce industry in both developed as well as in developing economies of the world is expected to create immense growth opportunities for folding boxboard manufacturers. Every year, millions of products are shipped from retailers’ warehouses to the consumer through the e-commerce platform.
All of these products require protective and functional packaging to protect the packaged product during transportation. The packaging of these products is done in corrugated boxes and folding boxboards to ensure the safe shipment of delicate products.
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Competitive Landscape
- Mondi Group plc,
- Kotkamills Oy.,
- International Forest Products LLC,
- Mayr-Melnhof Karton AG,
- Metsä Board Corp.,
- Nippon Paper Industries Co., Ltd.,
- SAPPI Ltd.,
- Stora Enso Oyj.,
- Dordan Manufacturing Company,
- PG Paper Company,
- Iggesund Paperboard,
- Maxipos,
- Kartonfabrik Buchmann GmbH,
- Shandong Bohui Paper Industrial Co., Ltd.,
- Hangzhou Gerson Paper Co., Ltd.
are some of the key companies profiled in the full version of the report.
Leading folding boxboard manufacturers are launching new and innovative folding boxboard solutions targeted for specific applications in the food & beverage, pharmaceutical, and electrical & electronics end uses. Key players in the folding boxboard market are also taking steps like increasing investments to expand their manufacturing capabilities and geographical footprint to enhance their market share and global presence.
Folding Boxboard Market by Category
By Basis Weight :
- Up to 200 GSM
- 201 – 300 GSM
- 301 – 350 GSM
- Above 350 GSM
By Material Type :
- Uncoated Paperboard
- Coated Virgin Paperboard
- Recycled Paperboard
By End Use :
- Food & Beverage
- Pharmaceutical
- Cosmetics & Personal Care
- Automotive
- Electrical & Electronics
- Transportation & Logistics
- Others (Homecare, etc.)
By Rregion :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation Trends
Explore FMI’s related ongoing Coverage on Packaging Domain
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Boxboard Packaging Market Share: Boxboard packaging market is anticipated to record a CAGR of 6.5% during the forecast period, to reach a valuation of US$ 80 Bn by 2028.
Clay Coated Recycled Boxboard Market Outlook: Clay coated recycled boxboard market is anticipated to expand at a healthy CAGR (4.7%) over the forecast period (2022-2030), reaching US$ 10.5 Bn by the year 2030.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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The post Folding Boxboard Market is estimated to surpass a valuation of US$ 12.2 Bn by 2022 – Future Market Insights, Inc. appeared first on Future Market Insights.
