Increased Consumer Inclination Towards Biodegradable Materials Coupled with the Growing Environmental Concerns to Play a Crucial Role in the Growth of Chipboard boxes Market
As the packaging industry is developing year after year, the usage of different innovative materials is increasing across the industry. The implication of these innovative materials, such as Chipboard boxes, has turned out to be a game-changing move for the packaging industry.
Chipboard boxes are gaining significance owing to the fact that these boxes can be in one piece or can be in a multi-piece. Adding to this, often these chipboard boxes fold over the lid and have a pye-lock. Furthermore, the chipboard boxes are made from a thin, stiff sheet material made from waste paper; boosting the market towards a positive growth.
Future Market Insights recent study suggests that the global Chipboard boxes market is driven by the increase of chipboard boxes market is the increasing awareness towards environmental sustainability and cost effective characteristics of chipboard boxes. In addition to this, the FMI report further indicates that the growing disposable income among the middle-class income group is expected to drive the growth of the chipboard boxes market.
Chipboard boxes have been a replacement alternative for traditional rigid boxes as it renders additional comfort in product handling and also convenient to transport and store product. Manufacturers are increasingly becoming interested in investing in good Chipboard boxes owing to the increased need for enhancing the shelf life and safety of the product.
Research shows great potential of Chipboard boxes that provide all the features such as-
- Protecting Goods
- Ample Storage and Space
- Biodegradable material
- Cost Efficient
- Environment Friendly
- Quality Assurance
- Versatility and Long life span
- Customer Satisfaction
- Brand building
- Revenue and profit growth
- Easy to use design
- Achieves rapid variations
- Business model innovation
- Availability of different sizes, styles and colors
To reach potential outcomes, organizations are investing in intelligent and innovative Chipboard boxes. Moreover, companies in the market are adopting new technology and launching new products. In July 2022, Unilever’s biggest laundry brand, Dirt Is Good (also known as Persil, Skip and OMO), introduced the newly designed capsule to help decarbonise the laundry process whilst delivering top cleaning performance.
The new capsules are packaged in a plastic-free, cardboard container, a move set to prevent over 6,000 tonnes of plastic entering the waste stream every year, the equivalent in weight to 500 double-decker buses.
The specially designed formula contains biodegradable active ingredients that are 65% derived from plant sources and has been optimized to deliver top cleaning performance in cold and short cycles. The re-engineered capsule membrane is fully biodegradable and the fastest dissolving on the market, designed to leave no residue on laundry.
The new capsule sees its carbon footprint reduced by 16% (vs. current capsules), and when used in cold, short cycles, consumers can save up to 60% energy per use.
Chipboard Boxes Market- Overview
Chipboard boxes have become an important aspect of modern life due to the increased demand for food and consumer products. The need for these products is rising due to their ease of availability of raw material such as paper and wood. The market for chipboard boxes is gaining traction as the chipboard boxes made from a thin, stiff sheet material made from waste paper.
These boxes can be in one piece or can be in the multi-piece. Adding to this, often these chipboard boxes with fold over lid and have a pye-lock. Furthermore, chipboard boxes are used for shipping, protecting, storing or displaying of goods. The chipboard boxes support the temporary, semi-permanent & seasonal display.
These boxes act as a value addition for the product which would improve the shelf life as well as helps in achieving storage space and freight. The chipboard boxes are recyclable, customizable, cost-efficient and environment-friendly.
Chipboard Boxes Market- Segmentation
Global chipboard boxes market is segmented by product type, material type, and end user. By content type, chipboard boxes market can be segmented in paper and wood, wherein the paper accounts for the largest share of the overall market of chipboard boxes because it acts as a primary raw material for the chipboard boxes.
The chipboard boxes may be segmented by the product type such as shoulder type box with inner boxing, matchbox type, cover hinge on lower box, portable handle box. By end user, chipboard boxes market may be segmented into food, pharmaceutical, cosmetics and personal care, home care and others.
Food and pharmaceutical industry is expected to maintain the highest market share in chipboard boxes market due to its broad adoption in shipping, protecting, and storing of products.
Chipboard Boxes Market- Market Dynamics
One of the significant factors contributing towards the growth of the chipboard boxes market and is expected to grow over the forecast period 2017-2025. Moreover, chipboard boxes are considered as a modern retail packaging solution and are expected to grow along with the growth of hypermarket, supermarket, and online retail sales.
One of the primary reasons for the increase of chipboard boxes market is the increasing awareness towards environmental sustainability and cost effective characteristics of chipboard boxes. Apart from this, the growing disposable income among the middle-class income group is expected to drive the growth of the chipboard boxes market.
However, the restraining factor towards the growth of the chipboard boxes market is the increasing preferences for plastic bags and sacks. Moreover, manufacturers of plastic bags are increasing their investment to innovate their product with the prime focus on environmental issues and consumer convenience, which is expected to obstruct the growth of the chipboard boxes.
Furthermore, another factor that is fold-over to hinder the growth of the chipboard market is the bio hazard as the raw material used in the manufacturing process of the chipboard boxes are papers or the compressed wood.
Chipboard Boxes Market - Regional Outlook
Geographically, the global chipboard boxes market may be segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and Middle-East & Africa. The global chipboard boxes market may expect to have steady CAGR over the forecast period of 2017-2025.
Moreover, North America is supposed to be the largest chipboard boxes market regarding chipboard boxes manufacturers, due to the rising the rate of ready packed food. Apart from this, the great evolution of the retail, medical and retail sector in the growing countries such as U.S., UK & Canada is expected to boost further the sales of the chipboard boxes market in North America by the forecast period of 2017-2025.
Chipboard Boxes Market- Key Players
Few of the key players recognized across the world are RTS packaging, CANADIAN PAPER PACKAGING, Marion Paperbox, Multicell packaging, rpc_ packaging, All packaging services, Media manufacturing & custom packaging, REID Packaging, CANPACO PACKAGING, Imperial Printing & Paper Box manufacturers limited, etc.
The report covers exhaustive analysis on
- Global Chipboard Boxes Market Segments
- Global Chipboard Boxes Market Dynamics
- Historical Actual Market Size, 2012 - 2016
- Global Chipboard Boxes Market Size & Forecast 2017 to 2027
- Supply & Demand Value Chain for Chipboard Boxes Market
- Global Chipboard Boxes Market Current Trends/Issues/Challenges
- Competition & Companies involved in Chipboard Boxes Market
- High Altitude Aeronautical Platform Stations Technology
- Value Chain of High Altitude Aeronautical Platform Stations
- Global Chipboard Boxes Market Drivers and Restraints
Regional analysis for Global Chipboard Boxes Market includes
- North Chipboard Boxes Market
- Latin America Chipboard Boxes Market
- Rest of Latin America
- Western Europe Chipboard Boxes Market
- Rest of Western Europe
- Eastern Europe Chipboard Boxes Market
- Asia Pacific Chipboard Boxes Market
- Australia and New Zealand (A&NZ)
- Rest of Asia Pacific
- Japan Chipboard Boxes Market
- Middle East and Africa Chipboard Boxes Market
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.