Boxboard Packaging Market

Boxboard Packaging Market Overview

The boxboard packaging market is anticipated to record a CAGR of 6.5% during the forecast period, to reach a valuation of US$ 80 Bn by 2028.

Sales of boxboard packaging are expected to rise as in the packaging sector, there has been a shift away from plastic and toward the use of paper and paperboard. In addition to this, demand for boxboard packaging is rising on account of the growing trend of e-commerce.

Increasing demand for boxboard packaging for pharmaceuticals, cigarettes, frozen foods, and confectionary is also projected to contribute to the growth of the boxboard packaging market share.

Some of the key boxboard packaging market trends promoting the demand for boxboard packaging include rising demand for cosmetic packaging and personal care products, as well as a high need for printing that may be done with brilliant colors. However, one of the market's restraints is the substitution of boxboard packaging with plastics due to its cost-effective, durable, and widespread qualities.

During the pandemic, consumer preferences changed dramatically, influencing the packaging business. The need for paper packing containers and cartons increased as more food, and consumer products were delivered to consumers' homes.

Consumers around the world are increasingly eager to purchase their goods through channels other than those they used before the pandemic, resulting in a significant increase in e-commerce shipping and other home-delivery services.

What are the Key Drivers to the Boxboard Packaging Market Share?

Boxboard is a paperboard grade that is made up of multiple layers of mechanical and chemical pulp. Boxboard for packaging a range of products from cosmetics to electronics. Across the globe, consumers are becoming environmentally conscious; they are paying attention to the product, and this is leading to a direct impact on the sales of boxboard packaging. 

To meet the consumer's preference, industries are focusing on providing better boxboard packaging solutions, which save energy and have a lower environmental impact. The boxboard packaging system is rigid; they hold their shape, which leads to less warping and better properties.

In today's world, boxboard is an essential raw material used in the packaging industry, and the sales of boxboard packaging have a significant market share.

Boxboard packaging is manufactured from wood pulp or paper stocks, or even a combination of these. Boxboard packaging can be of two types: clay-coated or folding. The clay coated provides resistance to fading and an excellent printing surface; on the other hand, folding boxboards utilize a variety of raw materials, which permits better folding and is also known as ding boxboard (FBB).

The benefit of using folding boxboard packaging is that the box has two sides which feature a semi-gloss finish on one side and a natural non-coated finish on the other side. Demand for boxboard packaging is anticipated to grow in the coming years.

Consumers get attracted to visually enticing products; the boxboard packaging provides a unique finish to the product's packaging, which is driving the sales of boxboard packaging. Packaging of a product is mandatory to achieve the product's safety, extend product storage, and maintain the quality of the product. Boxboard packaging utilizes recycled materials.

Along with being rigid, the boxboard packaging system provides stability, and due to its excellent surface for printing, the product appears more attractive to the final consumer.

Ismail Sutaria

Principal Consultant

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Which is the Leading Region in the Boxboard Packaging Market?

The boxboard packaging market is anticipated to witness growth globally. Geographically, Asia Pacific is a region where the sales of boxboard packaging will grow at an exponential rate in the coming years due to the developing countries like India and China, where food and beverages, electronics, FMCG, and pharmaceutical industries are emerging due to economic development.

The European region will display rapid growth in the demand for boxboard packaging at a moderate and steady pace because of the paper recycling regulations imposed by the government. In North America, the sales of boxboard packaging is likely to exhibit a slow growth rate due to the matured market demand.

Who are the Key Players in the Boxboard Packaging Market?

Some of the key players profiled in the boxboard packaging market include Stora Enso, Sappi, Nippon paper group, Mondi, Metsa Board Oyj, Mayr-Melnhof Karton, ITC Limited, International Paper.

International Paper finalised the acquisition of two Ortloff Engineers, Ltd. state-of-the-art corrugated box factories in March 2021. (Germany). This acquisition will strengthen the company's capabilities in Madrid and Catalonia. In the industrial, fresh fruits and veggies, and e-commerce areas, it provides high-quality packaging solutions. This would impact their sales of boxboard packaging significantly.

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