The global market for folding paperboard boxes is anticipated to reach a value of US$ 71.5 billion in 2022 and continue to grow at a CAGR of 4.5% to reach US$ 111.0 billion by the year 2032, according to research from Future Market Insights. With the top 5 businesses predicted to control between 15% and 20% of the industry by the end of 2022, it is anticipated that sales of folding paperboard boxes would increase.
The folding boxboard is expected to continue to dominate the market among other materials used in production. Low production costs and quick production times are to blame for this. By the conclusion of the forecast period, folding boxboard is anticipated to account for 54% of market value.
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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Folding Paperboard Boxes
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Folding Paperboard Boxes market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Folding Paperboard Boxes Market Takeaways and Projections
- The U.S. is expected to lead the North America Folding Paperboard Boxes market, projecting the fastest growth in the region between 2023 and 2033
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2033.
Report Benefits & Key Questions Answered
- Folding Paperboard Boxes Historical Market Analysis: The detailed survey by FMI, examines key factors in the Folding Paperboard Boxes market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Folding Paperboard Boxes market for the forecast period 2023-2033.
- Folding Paperboard Boxes Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Folding Paperboard Boxes for the assessment period. As per the study, the demand for Folding Paperboard Boxes will grow at a robust CAGR between 2023 and 2033.
- Folding Paperboard Boxes Market Trend Analysis: The latest study by FMI on the Folding Paperboard Boxes market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
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Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Folding Paperboard Boxes market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
Folding Paperboard Boxes Market by Category
By Material, Folding Paperboard Boxes Market is segmented as:
- Folding Boxboard
- Solid Board
- Chip Board
By Structure Type, Folding Paperboard Boxes Market is Segmented as:
- Straight Tuck End
- Reverse Tuck End
- Tuck Top Auto-Bottom
- Tuck Top Snap-Lock Bottom
- Full Seal End Cartons
- Double Glued Sidewall
By End Use, Folding Paperboard Boxes Market is Segmented as:
- Food
- Beverage
- Healthcare
- Personal Care & Cosmetic
- Electrical & Electronic
- Building & Construction
- Other Consumer Goods
By Region, Folding Paperboard Boxes Market is Segmented as:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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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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