New York, NY, Feb. 27, 2019 (GLOBE NEWSWIRE) -- 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 (Greeting Cards, Cosmetics, Healthcare, Higher End and General Packaging, and Others): 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.
Browse through 37 Tables & 23 Figures spread over 110 Pages and in-depth TOC on “Global Folding Boxboard Market Size & Share 2018: Industry Type, Segments, Trends, Analysis and Forecast to 2025”.
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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 robust manufacturing of cosmetic products by top manufacturers, such as P&G, Johnson & Johnson, and Unilever, in the U.S. Moreover, the increasing need for paper and bio-based packaging solutions due to their easy availability of raw materials in North America is expected to further drive the market growth over the forecast timeframe. Industry players are focusing on effective advertising campaigns to raise awareness regarding the benefits of personal care products, which is also expected to propel the North American folding boxboard market in the future.
The European folding boxboard market held a substantial market share in 2018, due to the region’s flourishing food and beverage sector. Moreover, the rising awareness regarding the hair and skin health hazards among the consumers is expected to further drive business growth in the region. The fashion industry in France and Italy is expected to further support the folding boxboard in Europe in the upcoming years.
Browse the full “Folding Boxboard Market by Material (Pulp-Based, Bleached Chemical, Recovered Paper, and Others) and by Application (Greeting Cards, Cosmetics, Healthcare, Higher End and General Packaging, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/folding-boxboard-market
The Asia Pacific folding boxboard market is predicted to show substantial growth in the future, owing to emerging countries, such as India and China. This growth can be attributed to the increasing disposable income of people, growing urbanization, rising awareness regarding the effects of pollution on skin and hair. Moreover, the rising number of government initiatives to increase the productivity of the food and beverage industry is likely to further drive this regional market in the Asia Pacific.
The Latin American folding boxboard market held a lucrative market share in 2018, owing to the growing middle-class population and flourishing food and beverage industry. The Middle Eastern and African region is projected to grow at a substantial rate in the upcoming years.
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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
- Pulp-Based
- Bleached Chemical
- Recovered Paper
- Others
Global Folding Boxboard Market: Application Analysis
- Greeting Cards
- Cosmetics
- Healthcare
- Higher End and General Packaging
- Others
Global Folding Boxboard Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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