The folding boxboard market is anticipated to grow significantly, reaching US$20.3 billion by 2032 with a projected CAGR of 5.2% from 2022. According to Future Market Insights, the 201-300 GSM and 301-350 GSM basis weight segments are expected to contribute around 65% of the market share in 2022, with respective CAGR expansions of 4.5% and 5.3% during the forecast period.
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The team of researchers at Future Business Insights are focussing on research and market study to produce different Folding Boxboard Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Folding Boxboard Market.
The report on the global Folding Boxboard market provides an up-to-date analysis of the existing scenario of the market along with the latest drivers and trends, and the overall environment of the said market. This report comes with an objective as well as an in-depth study of the existing state aimed at the growth of the key players, strategies of the market, and prominent drivers of the market.
The report also makes the involvement of the important achievements pertaining to the launch of new products, regional growth, research and development, product responses, and market achievements. In addition to that, the regional growth of the prominent market players has been included in the report so as to provide a 360 view of the said market.
Growth Opportunities:
- Eco-Friendly Packaging Demand: Growing consumer awareness and preference for sustainable and eco-friendly packaging solutions drive the demand for folding boxboard, as it is recyclable and environmentally friendly.
- E-commerce Boom: The rise of e-commerce activities globally creates a significant market for folding boxboard, as it is commonly used in packaging for various products purchased online, contributing to increased demand.
- Customization and Branding: Manufacturers are exploring opportunities to provide customizable and aesthetically appealing folding boxboard solutions to meet the unique branding and packaging needs of different industries, fostering growth.
- Regulatory Compliance: Stringent regulations regarding packaging materials and waste management drive the adoption of folding boxboard, as it aligns with regulatory requirements and helps companies meet sustainability targets.
- Emerging Markets: Increasing urbanization, rising disposable income, and changing lifestyles in emerging markets contribute to the growth of the folding boxboard market, as these regions experience a surge in packaged consumer goods consumption.
Industry Trends:
- Digital Printing Technology: The adoption of digital printing on folding boxboard is a prominent trend, allowing for high-quality and cost-effective customization, shorter print runs, and quicker time-to-market for various products.
- Smart Packaging Integration: The incorporation of smart packaging technologies, such as RFID (Radio-Frequency Identification) and NFC (Near Field Communication), into folding boxboard enhances traceability, security, and consumer engagement, reflecting a trend towards more innovative solutions.
- Lightweighting and Material Efficiency: Manufacturers are focusing on lightweighting strategies and optimizing material usage in folding boxboard production to reduce environmental impact, production costs, and transportation expenses.
- E-commerce-Friendly Designs: With the increasing prevalence of e-commerce, there is a trend towards developing folding boxboard designs that are optimized for easy storage, transportation, and assembly, meeting the specific needs of online retail packaging.
- Circular Economy Initiatives: The folding boxboard industry is witnessing a shift towards circular economy principles, emphasizing recycling, reuse, and the use of renewable materials, aligning with global sustainability goals and consumer preferences.
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Folding Boxboard Market by Category
By Basis Weight :
- Up to 200 GSM
- 201 – 300 GSM
- 301 – 350 GSM
- Above 350 GSM
By Material Type :
- Uncoated Paperboard
- Coated Virgin Paperboard
- Recycled Paperboard
By End Use :
- Food & Beverage
- Pharmaceutical
- Cosmetics & Personal Care
- Automotive
- Electrical & Electronics
- Transportation & Logistics
- Others (Homecare, etc.)
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
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.
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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