Bottom Article Ad

Wednesday, August 11, 2021

Global Folding Boxboard Market to be Driven by Increasing Awareness Regarding Eco-Friendly Products and their Various Applications during the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Folding Boxboard Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global folding boxboard market, assessing the market based on its segments like applications, manufacturing process and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/folding-boxboard-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 16.4 billion
  • Forecast CAGR (2021-2026):8%
  • Forecast Market Size (2026): USD 22.6 billion

The growing use of folding boxboard in various application sectors, the growing population, and the growing awareness of the benefits of eco-friendly packaging are all significant factors enabling the folding boxboard industry to expand. Global growth in the personal care industry, combined with increasing innovation in the industry and its downstream sectors, further propels the folding boxboard industry forward. The increasing demand for folding boxboard in the packaging of health and pharmaceutical products, cigarette packaging, and food packaging is expected to drive market growth in the coming years.

Industry Definition and Major Segments

Folding boxboard is a rigid packaging material. It is typically composed of mechanical pulp sandwiched between a top and back sheet composed of chemical pulp. The top layer of the folding boxboard is bleached and usually pigmented.

Explore full report with table of contents: https://www.expertmarketresearch.com/reports/folding-boxboard-market

By material, the market is divided into:

  • Pulp Based
  • Bleached Chemical
  • Recovered Paper
  • Others

By application, the market is divided into:

  • Greeting Cards
  • Transportation
  • Packaging
  • Others

By region, the industry is categorised into:

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • The Middle East and Africa

Market Trends

The global boxboard market’s competitive landscape is quite fragmented. This fragmentation is a result of the growing presence of several well-known players on the global stage. Competition in the global market is expected to intensify over the forecast period. Numerous factors are anticipated to contribute to the global folding boxboard market’s growth. One of the primary factors driving the market’s growth has been the increasing number of applications for these folding boxboards. They are used in various applications, including confectionery packaging, graphic packaging, and packaging for frozen, chilled, and other foods. Additionally, folding boxboards are used to package health and beauty products, cigarette packaging, and pharmaceutical packaging. Increased demand for these applications from their respective end-users directly affects the global market’s overall development. Additionally, the purchasing power and disposable income of the masses have increased significantly in recent years. This, too, is expected to provide a significant boost to the global market’s overall development.

North America is a significant market for folding boxboard. Folding boxboard market growth in North America is attributed to rising demand for bio-based packaging solutions and increased consumer awareness and demand for personal care products. The Asia Pacific region’s market is expected to grow rapidly as a result of rapid urbanization and rising consumer incomes in emerging economies such as India and China. Additionally, efficient manufacturing facilities, increased capacity, and the availability of cheap labor are expected to bolster the Asia Pacific market’s growth in the coming years. Another significant factor driving the Asia Pacific market’s expansion has been consumers’ increased purchasing power, which has resulted in increased downstream demand for the product. Additionally, as consumer awareness about the environment has increased in recent years, consumers in the region are becoming more receptive to purchasing eco-friendly packaging solutions, which is expected to contribute to the market’s growth in the Asia Pacific region.

 Key Market Players

The major players in the market are International Paper Company., Metsä Board Corporation, JK Paper Ltd., Holmen Iggesund, among Others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Read More  Reports:

Compound Semiconductor Packaging Market: https://www.expertmarketresearch.com/reports/compound-semiconductor-packaging-market

Wine Cork Market: https://www.expertmarketresearch.com/reports/wine-cork-market

Tube Packaging Market: https://www.expertmarketresearch.com/reports/tube-packaging-market

Expanded Polyethylene (EPE) Foam Market: https://www.expertmarketresearch.com/reports/expanded-polyethylene-epe-foam-market

Cast Polypropylene (CPP) Films Market: https://www.expertmarketresearch.com/reports/cast-polypropylene-cpp-films-market

Pharmaceutical Glass Packaging Market: https://www.expertmarketresearch.com/reports/pharmaceutical-glass-packaging-market

Returnable Packaging Market: https://www.expertmarketresearch.com/reports/returnable-packaging-market

Clinical Trials Packaging Market: https://www.expertmarketresearch.com/reports/clinical-trials-packaging-market

GCC PET Bottle Market: https://www.expertmarketresearch.com/reports/gcc-pet-bottle-market

Green Packaging Market: https://www.expertmarketresearch.com/reports/green-packaging-market

Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: EMR Inc.
Contact Person:-Ian Bell, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-516s6 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com

**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

0 Comments:

Post a Comment