Zion Market Research has published a new report titled “Folding Boxboard Market by Material (Pulp-Based, Bleached Chemical, Recovered Paper, and Others) and by Application: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global folding boxboard market was valued at approximately USD 9,810 million in 2018 and is expected to generate around USD 14,343 million by 2025, at a CAGR of around 5.4% between 2019 and 2025.
The rising demand from various industries, such as food and beverages, pharmaceutical, cosmetics, etc., are expected to propel the growth of the global folding boxboard market in the future. Folding boxboards offer supreme quality consistency, product performance, and efficiency in packaging production and packing process. Folding boxboards are used in the packaging of production of greeting cards, luxury items, paperback covers, etc. Personal care packaging is a rapidly growing industry globally, which refers to the packaging oils, lotions, creams, gel, and toiletries, among others. The packaging aids in attracting customers through their visual appeal and provides relevant product information. The growing awareness among marketing experts and manufacturers regarding the importance of packaging to attract customers is expected to further drive the global folding boxboard market over the forecast time period.
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Folding boxboards can be plastic extrusion coated or laminated with other materials to improve their appearance and functional properties. Folding boxboards are extensively used in packing cosmetics, medicines and healthcare products, chocolate and sugar confectionery, dry food items, toiletries, coffee and tea, frozen and chilled food items, clothing, board games, biscuits and baked goods, toys and photographic products. Folding boxboards have gained popularity over the past decades in the packaging industry, mainly for consumer products, various range thicknesses depending on product size. Consumers are adopting environment-friendly solutions for packaging, which is expected to drive the global folding boxboard market in the future. Moreover, cosmetics, food and beverage, and pharmaceutical industries are flourishing which is further expected to positively impact the global folding boxboard market growth over the forecast time period.
Based on material, the folding boxboard market is segmented into pulp-based, bleached chemical, recovered paper, and others. The pulp-based segment held a major revenue share in 2018, due to the increasing demand from the packaging industry. Pulp can be dyed during processing to apply a specific color as per the specific requirement. The bleached chemical segment is expected to grow substantially over the forecast time period. Based on application, the market is segmented into greeting cards, cosmetics, healthcare, higher end and general packaging, and others. The cosmetics segment held a major revenue share in 2018, due to the growing usage of various cosmetic products and the flourishing personal care packaging industry. The higher end and general packaging segment are projected to show the highest CAGR over the estimated timeframe.
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By region, the North American folding boxboard market is expected to grow at a significant CAGR over the forecast time period, owing to the increasing consumer preference for eco-friendly packaging solutions to protect the environment. The Asia Pacific folding boxboard market is predicted to show substantial growth in the future, owing to emerging countries, such as India and China, rapidly growing population, and increasing disposable income of people.
Some key industry participants of the global folding boxboard market are Nippon Paper Industries, Mayr-Melnhof Karton, Mondi Group, Metsa Board Group, ITC Limited, Kotkamills Oy, SAPPI Limited, Shandong Bohui Paper Industrial Company, Stora Enso, International Paper Company, Iggesund Paperboard, Hangzhou Gerson Paper, Antalis International, Hongkong Eastern Dragon Group, Leanpack, CartonHub, Box-Board Products, JK Paper Ltd., and Beloit Box Board.
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This report segments the global folding boxboard market into:
Global Folding Boxboard Market: Material Analysis
- Bleached Chemical
- Recovered Paper
Global Folding Boxboard Market: Application Analysis
- Greeting Cards
- Higher End and General Packaging
Global Folding Boxboard Market: Regional Analysis
- North America
- The U.S.
- Asia Pacific
- Latin America