Folding Boxboard Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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Folding Boxboard Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : December, 2021 | Packaging

Report Digest

Global Folding Boxboard Market: Overview

The global folding boxboard market is projected to register upward graph of revenues during the forecast period of 2019 to 2029. This growth is attributed to increased demand for folding boxboards in plethora of end-use industries. Folding boxboard can be defined as a paperboard grade manufactured using many layers of mechanical and chemical pulp. The segmentation of the global folding boxboard market is performed on the basis of application, material, and region. Based on material, the market for folding boxboard is classified into bleached chemical, pulp-based, recovered paper, and others.

Global Folding Boxboard Market: Growth Dynamics

The global folding boxboard is growing on the back of increased use in various industries such as cosmetics, greeting cards, higher end and general packaging, healthcare, and others. Folding boxboard is widely used in the packaging of various products such as luxury items, paperback covers, etc. In recent years, manufacturers and marketing experts of various products are growing efforts to attract their customers. For this purpose, they are focusing on making the packaging of these products more appealing.  This factor is supporting the growth of the global folding boxboard market.

Folding boxboards are gaining traction owing to their ability to offer utmost quality consistency and efficiency. The global folding boxboard market is expected to gain supreme demand avenues from the companies engaged in the production of personal care products. It includes various products such as lotions, packaging oils, gel, creams, and toiletries. With continuously growing worldwide population, the demand for these products is estimated to grow at rapid pace in the upcoming years. This factor, in turn, will stimulate the growth of the global folding boxboard market.

Global Folding Boxboard Market: Notable Development and Competitive Analysis

The global folding boxboard market is highly fragmented in nature. Presence of numerous active players denotes that the competitive landscape of the market for folding boxboard is highly intense. To deal with this high competition level, enterprises are using notable tactics including joint ventures, product launches, and mergers and acquisitions. A case in point here is the acquisition by Mayr-Melnhof Packaging. The firm recently acquired TANN Group headquartered in Traun, Austria. This move by the firm has supported in strengthening its position in the global folding boxboard market.

Major enterprises working in the global folding boxboard market are growing investments in research and development activities. The key aim of this strategy is to advance the quality of products they offer. All these moves signify that the global folding boxboard market will develop at rapid speed during the forecast period of 2019 to 2027.

Some of the important players in the global folding boxboard market are:

  • Mayr-Melnhof Karton
  • Nippon Paper Industries
  • Metsa Board Group
  • Mondi Group
  • Kotkamills Oy
  • SAPPI Limited
  • ITC Limited

Global Folding Boxboard Market: Regional Assessment

The global folding boxboard market is spread across five important regions, namely, Latin America, North America, Asia Pacific, Europe, and Middle East and Africa. Among the important regions, Asia Pacific is one of the leading regions in the market for folding boxboard. Key reason for this growth is increased population and rising disposable income of major population in Asia Pacific. Apart from this, the market for folding boxboard will get the advantage of growing awareness in the region regarding the environmental protection. Majority of consumers in the region are inclined toward the use of eco-friendly packaging solutions. This factor will fuel the growth of the folding boxboard market in Asia Pacific.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?