The European boxboard packaging market is set to experience a substantial and consistent growth rate, driven by stringent government regulations on paper recycling. These regulations promote sustainability and eco-friendliness, making boxboard packaging a preferred choice in the region. In contrast, North America is expected to witness slower growth in boxboard packaging sales due to the market’s maturity and established demand.
The Boxboard Packaging industry is on a remarkable trajectory, with a projected valuation of $62.1 billion in 2023 and an anticipated compound annual growth rate (CAGR) of 6.5% from 2023 to 2033, culminating in an estimated worth of $116.7 billion by 2033. This ascent is bolstered by advancements in sustainability certification, which expand the industry scope. An integral driver of this growth is the innovative evolution in design and printing techniques. Cutting-edge printing technologies like digital printing, offset printing, and flexography have redefined the possibilities for creative and visually captivating packaging solutions, resulting in enhanced product presentation and heightened consumer engagement.
Today, boxboard packaging showcases intricate patterns, vibrant colors, and lifelike images with high-quality graphics and finishes. This transformative shift allows brands to establish stronger identities by prominently displaying logos, slogans, and unique visuals, thereby reinforcing brand recognition and consumer recall. Furthermore, these advancements enable unprecedented customization, facilitating the creation of distinctive packaging for different product variants or special promotions, ultimately enhancing the overall customer experience.
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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.
Industry 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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Regional Outlook:
The boxboard packaging industry 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 industry will exhibit a slow growth rate due to the matured market demand.
Key players:
- 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 industry attractiveness as per segments. The report also maps the qualitative impact of various market factors on industry segments and geographies.
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Our regional analysis includes –
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Japan
- Middle East & Africa (MEA)
Market Segmentation:
On the basis of material type:
- Coated Unbleached Kraft Paperboard
- Bleached Kraft Paperboard
- Recycled Paper
On the basis of product type:
- Boxes
- Folding Carton
- Tubes & Cores
- Others
On the basis of thickness:
- From 0.75mm to 1mm
- From 1.1mm to 2.3 mm
On the basis of end use:
- Food & Beverages
- Personal Care & Cosmetic
- Home Care
- Pharmaceutical
- Automotive
- Electrical & Electronics
- Chemical & Lubricants
- Others
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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