According to a recent study by Future Market Insights, the folding boxboard market is poised for significant growth in the upcoming years. The market is projected to generate total revenues of US$12.2 billion in 2022, with an additional US$20.3 billion expected between 2022 and 2032, at a compound annual growth rate (CAGR) of 5.2%.
The study highlights that the segments of 201-300 GSM and 301-350 GSM are expected to collectively account for approximately 65% of the market share in 2022. These segments are projected to experience CAGRs of 4.5% and 5.3%, respectively, from 2022 to 2032.
The folding boxboard market is anticipated to witness a 50 basis share points (BPS) increase in the first half of 2022 compared to the same period in 2021. Moreover, the BPS change between the expected and outlook periods for H1-2022 has risen by 20 BPS. This growth can be attributed to the rising demand for small, reliable, affordable, and efficient packaging solutions.
The surge in e-commerce activities has significantly contributed to the expansion of the folding boxboard market. With the increase in online sales, there is a higher demand for packaging materials that can effectively protect goods during transportation and handling. Folding boxboard, with its strength, durability, and customization capabilities, is well-suited for e-commerce packaging, accommodating various product shapes and sizes to meet diverse packaging requirements.
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In summary, the folding boxboard market is expected to experience substantial growth due to increasing revenues, the dominance of specific basis weight segments, the rise in demand for small and efficient packaging solutions, and the growth of e-commerce activities. These trends indicate a positive outlook for the folding boxboard industry in the years to come.
Additionally, North America and Europe are expected to lead the folding boxboard market, driven by the significant demand for environmentally friendly packaging options in these regions. However, the Asia-Pacific region is also projected to experience substantial growth, fueled by the increasing adoption of e-commerce and the demand for high-quality packaging solutions.
Key takeaways from the folding boxboard market study include:
- Recent advancements in the folding boxboard market, such as the development of lighter boards without compromising strength properties, are creating growth opportunities.
- Growing public awareness of the benefits of eco-friendly packaging and widespread adoption of folding boxboard across industries are expected to drive market growth.
- The demand for flexible packaging paper solutions worldwide is fueling the growth of the folding boxboard market, projected to grow at a CAGR of 5.2% between 2022 and 2032.
- The shift towards paper packaging products due to their environmental-friendly characteristics and government initiatives to reduce plastic usage are positively impacting the global demand for paper-based packaging.
- Paper packaging offers optimum protection and cost-effectiveness, making it a preferred choice for packaging bulk goods in various industries, contributing to the growth of the folding boxboard market
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Competitive Landscape
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.
For instance, in February 2021, Mayr-Melnhof Karton AG announced its agreement to acquire Poland based Kwidzyn mill from International Paper for expansion of virgin fiber-based carton board product portfolio.
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In May 2020, Metsä Board Corp. announced the expansion of its folding boxboard product portfolio with launch of MetsäBoard Pro FBB OBAfree, MetsäBoard Prime FBB EB eco-barrier paperboard and MetsäBoard Natural FBB uncoated folding boxboard.
The following players hold a significant share in the global Folding Boxboard market
The writer will create content on the general strategies of market players. And then will write the key players in the market are:
International Paper Co., ITC Limited, Kotkamills Oy., Mayr-Melnhof Karton AG, Metsä Board Corp., Mondi Group plc, Nippon Paper Industries Co., Ltd., SAPPI Ltd., Shandong Bohui Paper Industrial Co., Ltd. and Stora Enso Oyj.
Frequently Asked Questions:
- What is the sales outlook for the folding boxboard market? The sales outlook for the folding boxboard market indicates positive growth, driven by its popularity as a packaging material in various industries. The market is expected to witness steady expansion in the coming years.
- What is the estimated valuation of the folding boxboard market for 2022? The estimated valuation of the folding boxboard market for 2022 is not provided in the previous information. Please refer to up-to-date market reports for specific figures.
- What is the North American folding boxboard market outlook in 2022? The North American folding boxboard market is projected to demonstrate promising growth in 2022. Increased demand for packaging solutions across industries and advancements in production technologies are likely to drive market expansion in the region.
- Which is the fastest-growing folding boxboard market? The information on the fastest-growing folding boxboard market is not mentioned in the previous details. To determine the fastest-growing market, recent market reports and analyses need to be consulted.
- Which are the top 3 countries exhibiting high demand for folding boxboard? The top 3 countries exhibiting high demand for folding boxboard are not specified in the provided information. The demand for folding boxboard can vary across regions and industries, and up-to-date market research would be required to identify the specific countries.
- At what rate will the India folding boxboard market grow? The growth rate of the India folding boxboard market is not mentioned in the previous content. To ascertain the growth rate, it’s essential to refer to current market forecasts and industry analyses
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Segmentation
The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion on the market. Numerous segmentations have been provided for this market based on:
Material
- Pulp Based
- Bleached Chemical
- Recovered Paper
- Other Materials
Application Type
- Higher end and General Packaging
- Healthcare
- Cosmetics
- Greeting Cards
- Other Applications
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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