Folding Boxboard Market: Size, Share, Growth, Trends, and Forecasts 2018–2026

Sarasota, FL -- (SBWire) -- 10/25/2018 --Global Folding Boxboard Market: Overview

A folding boxboard is made out a mechanical pulp and this layer is compressed between the back and top sheet, which is manufactured using a chemical pulp. The folding boxboards are primarily used in the packaging sector due to their high stiffness and low density. These boxboards are used in a variety of applications, such as food packaging, luxury goods, pharmaceutical packaging, and cosmetics packaging, among others. The popularity of the folding boxboard market can be attributed to the boxboards' various characteristics, such as reliable, cost-effective, lightweight, solid, etc.

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Global Folding Boxboard Market: Growth Factors

The major growth driver in the global folding boxboard market is the increasing use of folding boxboards in the packaging industry due to their high stiffness and low density. These boxboards are mainly used for packaging consumer products, come in varied thickness and are used to pack different products based on the product weight. Consumers are adopting eco-friendly solutions for packaging, which, in turn, is fuelling the expansion of the global folding boxboard market. The growth of various industries like food and beverage, pharmaceutical, cosmetics, etc., are contributing to the growth of the folding boxboard market, as these boxboards are used in packaging of various products depending on the products' weight. In addition, increase in the consumption of food services and liquid packaging is also fuelling the growth of the global folding boxboard market.

Certain characteristics of folding boxboards, such as less elasticity, brittleness, etc., might hamper the growth of the folding boxboard market.

Global Folding Boxboard Market: Segmentation

The global folding boxboard market can be divided based on material type and application. Based on material type, the folding boxboard market can be classified into recovered paper, bleached chemical, and pulp-based, among other materials. On the basis of application, the folding boxboard market can be categorized into greeting cards, cosmetics, healthcare, and higher end and general packaging, among others. The cosmetic segment is expected to hold a substantial share in the upcoming years, due to increasing use of various cosmetic products. This has contributed to the growth of the market for folding boxboard.

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Global Folding Boxboard Market: Regional Analysis

Based on regions, the global market for folding boxboard can be divided into five main regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The Asia Pacific region, especially the developing countries like China and India, is anticipated to hold a substantial share of the folding boxboard market in the upcoming years. This is due to population growth and the increase in the disposable income of the people in this region. The North American region is anticipated to show steady growth in the folding boxboard market in future. This is due to the fact that consumers are preferring eco-friendly packaging solutions to protect the environment.

Global Folding Boxboard Market: Competitive Players

The key market players of the global market for folding boxboard include Mayr-Melnhof Karton, Mondi Group, Kotkamills Oy, Shandong Bohui Paper Industrial Company, Metsa Board Group, ITC Limited, CartonHub, SAPPI Limited, International Paper Company, Stora Enso, Hangzhou Gerson Paper, Leanpack, Antails International, Hongkong Eastern Dragon Group, JK Paper Ltd., Box-Board Products, Beloit Box Board, Iggesund Paperboard, and Nippon Paper Industries, among several others.

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Global Folding Boxboard Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific