The boxboard packaging market is projected to see a CAGR of 6.5% over the course of the forecast period 2022 to 2032 and will be worth US$ 80 billion by 2028. Sales of boxboard packaging are anticipated to increase due to a trend away from plastic in the packaging industry and towards the usage of paper and paperboard. In addition, the expanding trend of e-commerce is driving up demand for boxboard packaging.
Boxboard Packaging Market – Overview
Boxboard is a paperboard grade that is made up of multiple layers of mechanical and chemical pulp. Boxboard for packaging a range of products from cosmetics to electronics. Across the globe, consumers are becoming environmentally conscious; they are paying attention to the product, whether it is environmentally sustainable or not. To meet the consumer’s preference industries are focusing on providing better boxboard packaging solutions, which saves energy and has a lower environmental impact. The boxboard packaging system is rigid; they hold their shape, which leads to less warping and better properties.
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In today’s world, boxboard is an essential raw material used in the packaging industry. Boxboard packaging is manufactured from wood pulp or paper stocks or even a combination of these. Boxboard packaging can be of two type’s clay coated or folded. The clay coat provides resistance to fading and an excellent printing surface; on the other hand, folding boxboards utilize a variety of raw materials which permits better folding and is also known as folding boxboard (FBB). The benefit of using folding boxboard packaging is that the box has two sides which feature a semi-gloss finish on one side and a natural non-coated finish on the other side. Boxboard packaging demand is anticipated to grow in the coming years.
Boxboard Packaging Market – Dynamics
Consumers get attracted towards visually enticing products, the boxboard packaging provides a unique finish to the product’s packaging. Packaging of a product is mandatory to achieve the products safety, extended product storage, and maintain the quality of the product. Boxboard packaging utilizes recycled materials, along with being rigid, boxboard packaging system provides stability, and due to its excellent surface for printing the product appears more attractive to the final consumer.
A few benefits of using boxboard packaging are–
- Printing can be done using vibrant colors
- It can be folded intricately
- Looks appealing and is ideal for retail boxes
- Easily recyclable unless printed with metalized ink or laminated with plastic
These factors together attribute to the growing demand of boxboard packaging products. Anticipated that in the coming years, the boxboard packaging system will witness and upsurge growth due to its increasing popularity, the product manufacturers will opt for boxboard packaging to boost their sales.
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Boxboard Packaging Market – Regional Outlook
The boxboard packaging market is anticipated to witness growth globally. Geographically, Asia Pacific is a region where boxboard packaging market will grow at an exponential rate in the coming years due to the developing countries like India and China, where food and beverages, electronics, FMCG and pharmaceutical industries are emerging due to economic development. The European region will display the growth of boxboard packaging at a moderate and steady pace because of the paper recycling regulations imposed by the government. In North America, the boxboard packaging market will exhibit a slow growth rate due to the matured market demand.
Boxboard Packaging Market – Key players
The list of key players in the boxboard packaging market are enlisted below –
- International Paper
- Mayr-Melnhof Karton
- Mondi
- Nippon paper group
- Metsa Board Oyj
- Stora Enso
- Sappi
- ITC Limited
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Our regional analysis of includes –
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Japan
- Middle East & Africa (MEA)
Boxboard Packaging Market – Segmentation
The Boxboard packaging market is segmented by material type, product type, thickness, and end use.
On the basis of material type, the global boxboard packaging market is segmented into –
- Coated Unbleached Kraft Paperboard
- Bleached Kraft Paperboard
- Recycled Paper
On the basis of product type, the global boxboard packaging market is segmented into –
- Boxes
- Folding Carton
- Tubes & Cores
- Others
On the basis of thickness, the global boxboard packaging market is segmented into –
- From 0.75mm to 1mm
- From 1.1mm to 2.3 mm
On the basis of end use, the global boxboard packaging market is segmented into –
- Food & Beverages
- Personal Care & Cosmetic
- Home Care
- Pharmaceutical
- Automotive
- Electrical & Electronics
- Chemical & Lubricants
- Others
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