The global folding boxboard market is anticipated to grow at a CAGR of around 5.5% during the forecast period 2020 to 2027 and to reach value of around US$ 15 Bn by 2027.
Folding boxboard is a special type of packaging constructed from chemical and mechanical layers of bleached pulp. It is a good, inexpensive, lightweight, durable and effective food packaging solution. The use of optical illuminators, including florescent dyes in paperboard coatings, is permitted under EU guidelines for foodstuff paperboard packaging. It is widely used in many shelf items and ranges according to the product's weight in thickness.
The report provides analysis of global Folding Boxboard market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
The folding boxboards are widely used in the packaging industry due to factors such as high rigidity and low density. The European standards require the utilization of optical brightening agents which include fluorescent dyes for food grade paperboard packaging in paperboard coatings. These are commonly used in most supermarket goods packaging and are available in different thicknesses, based on the nature of the package. The boxboards are used in the cosmetics, food & drink, medicinal & pharmacy sectors and frozen food industry. In comparison, the print accuracy of the folding boxes is higher than the corrugated print boxes, and their lightweight makes them ideal for small product packaging. In addition, continuous use of liquid packaging and food services fuels global market growth. However, the growth of the global market is impeded by fragility, reduced durability and lack of wear power.
North American folding boxboard market is expected to rise at a substantial CAGR over the projected time span owing to growing customer demand for environmentally friendly packaging solutions. It is projected that, the Asia-Pacific market will see substantial growth in the future because of rising population and increasing disposable income of developing countries, such as India and China. Europe is also anticipated to grow at a steady CAGR during the forecast period owing to increasing demand for food & beverage sector owing to the travelling of people to Europe.
The market research study on “Folding Boxboard Market (Folding Boxboard Market By Material: Bleached Chemical, Pulp-Based, Recovered Paper, Others; Folding Boxboard Market By Application: Cosmetics, Greeting Cards, General Packaging, Healthcare, Higher End, Other) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Folding Boxboard market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Folding Boxboard market size, and segment markets by material, application, and geography along with the information on companies operating in the market. The Folding Boxboard market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global Folding Boxboard market is segmented as below:
Folding Boxboard Market By Material
Folding Boxboard Market By Application
Folding Boxboard Market By Geography
Middle East & Africa
Key Players and Market Situation
Participants include major global players such as Mayr-Melnhof Karton, Mondi Group, International Paper Company, Leanpack, CartonHub, ITC Limited, Metsa Board Group, Antalis International, Box-Board Products, Hangzhou Gerson Paper, Shandong Bohui Paper Industrial Company, Stora Enso, Nippon Paper Industries, Iggesund Paperboard, JK Paper Ltd., SAPPI Limited, Hongkong Eastern Dragon Group, Kotkamills Oy, and Beloit Box Board and Others.
Metsa Board grew in 2016, with the introduction of a new manufacturing line for folding boxboards, its Husum board and pulp mill in Sweden. The line opened in April 2016 and development & service is expected to be finished by the end of 2017.
As per Acumen Research and Consulting, the market value of Folding Boxboard is anticipated to be around US$ 15 Bn in 2027.
It is anticipated to grow over 5.5% CAGR amid the forecast period 2020-2027.
North America held maximum share in 2019 led by the US.
Asia Pacific is projected to grow at a fast pace during forecast period 2020-2027.
Owing to demand from food stores, fast food shops and cafes, the industry are expanding tremendously is a key driver of the market.
The growth of the global market is impeded by fragility, reduced durability or lack of wear power.
Folding boxboard is a special type of packaging constructed from chemical and mechanical layers of bleached pulp.