Global Folding Boxboard Market, By Material (Pulp Based, Bleached Chemical, Recovered Paper, Coating, Other Materials), Application (Higher End and General Packaging, Healthcare, Cosmetics, Greeting Cards, Transportation, Other Applications) – Industry Trends and Forecast to 2029
Market Analysis and Size
The paper packaging products provides best protection and are cost-effective which is why they have become the first preference of packaging bulk goods in a variety of industries such as electrical and electronics, processed food, and healthcare among others. The steadily growing popularity of paper packaging products is expected to drive the folding boxboard market growth.
Data Bridge Market Research analyses that the folding boxboard market was valued at 11.47 billion in 2021 and would reach an estimated value of 18.69 billion by 2029, and is likely to grow at a CAGR of 6.30% in the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Market Definition
Folding boxboards, or FBBs, are made up of multiple layers of mechanical and chemical pulp. In packaging production and processes, folding boxboard provides unrivalled quality consistency, efficiency, and product performance. Folding boxboard is a lightweight, solid, low-cost, dependable, and highly effective solution. These are commonly found in the retail, pharmaceutical, food and beverage, cosmetics, medical, and photographic industries.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Material (Pulp Based, Bleached Chemical, Recovered Paper, Coating, Other Materials), Application (Higher End and General Packaging, Healthcare, Cosmetics, Greeting Cards, Transportation, Other Applications)
|
|
Countries Covered
|
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
|
|
Market Players Covered
|
Amcor Limited (Australia), Mondi Group (UK), Sonoco Products Company (US), Sealed Air (US), Huhtamaki OYJ (Finland), Sappi Global (South Africa), DS Smith (UK), Coveris (UK), Sabert Corporation (US), Wihuri (Finland), Nippon Paper Industries Co. Ltd(Japan), South African Pulp & Paper Industries Limited (Africa), Mondi (U.K.)
|
|
Market Opportunities
|
|
Folding Boxboard Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Increasing demand from various end user industries
Increasing usages of folding boxboard in a variety of applications, rising population with rising disposable income, and growing public awareness of the benefits of eco-friendly packaging are some of the factors that will likely boost the growth of the folding boxboard market during the forecast period
- Rise in the personal care industry
The global expansion of the personal care industry, as well as increasing product innovation, will create additional opportunities for the folding boxboard market during the forecast period.
Restraints
Certain properties, such as less elasticity, brittleness, and loss of tear strength, will impede the growth of the folding boxboard market during the forecast period.
This folding boxboard market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the folding boxboard market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Folding Boxboard Market
The COVID-19 pandemic had a severe impact on the folding boxboard market, due to the negative impact of the pandemic on the trade activities of numerous end-use industries of the folding boxboard market.
Moreover, the demand for folding boxboards from the industries such as automotive, cosmetics and personal care, electrical and electronics was also severely inhibited as a result of the pandemic. Though, folding boxboard market growth bounced back after the first quarter of 2021 as a restrictions were declined by governments.
Global Folding Boxboard Market Scope
The folding boxboard market is segmented on the basis of material and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material
- Pulp Based
- Mechanical Pulp
- Unbleached Chemical Pulp
- Bleached Chemical
- Recovered Paper
- Coating
- Other Materials
Application
- Higher End and General Packaging
- Healthcare
- Cosmetics
- Greeting Cards
- Transportation
- Other Applications
Folding Boxboard Market Regional Analysis/Insights
The folding boxboard market is analysed and market size insights and trends are provided by country chemical material and application as referenced above.
The countries covered in the folding boxboard market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
North America dominates the folding boxboard market due to the increasing need of the bio based packaging solutions along with easy availability of raw material and increasing awareness among the people regarding the benefits of personal care products.
On the other hand, the Asia-Pacific region is expected to hold the largest growth rate during the forecast period of 2022 to 2029 due to the rapid urbanization along with high disposable income of the people in India and China.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Folding Boxboard Market Share Analysis
The folding boxboard market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to folding boxboard market.
Some of the major players operating in the folding boxboard market are
- Amcor Limited (Australia)
- Mondi Group (UK)
- Sonoco Products Company (US)
- Sealed Air Corporation (US)
- Huhtamaki OYJ (Finland)
- Sappi Global (South Africa)
- DS Smith (UK)
- Coveris (UK)
- Sabert (US)
- Wihuri (Finland)
- Nippon Paper Industries Co. Ltd(Japan)
- South African Pulp & Paper Industries Limited (Africa)
- Mondi (U.K.)
SKU-