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Due to the rising need for sustainable packaging solutions, the folding boxboard market will experience strong growth.
In the upcoming years, there will be a noticeable increase in the need for folding boxboard across the globe, which will be fueled by the rising demand for eco-friendly packaging options in numerous industries. The market for folding boxboard is predicted to grow from US$12.2 billion in 2022 to US$20.3 billion in 2032, at a CAGR of 5.2%.
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Due to its strength, durability, and printability, folding boxboard, commonly known as FBB, is a form of paperboard that is frequently used in the packaging business. It is frequently used in the packaging of numerous products, including food and beverages, cosmetics, pharmaceuticals, and consumer goods. It is formed from multiple layers of chemical pulp.
The growing demand for environmentally friendly packaging options is one of the main reasons propelling the growth of the folding boxboard market. There is an increasing need for recyclable and eco-friendly packaging options as customers become more conscious of the effects packaging has on the environment. For businesses aiming to lower their carbon impact, folding boxboard is a very sustainable packaging material that can be recycled many times.
The market for folding boxboard has also expanded as a result of the development of e-commerce. There is a rising need for packaging materials that can safeguard products during shipping and handling as a result of the rise in online orders. Due to its strength, durability, and simplicity of customization, folding boxboard is a great option for e-commerce packaging. It can be used to fit a range of product shapes and sizes.
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Due to the significant need for environmentally friendly packaging options in these countries, North America and Europe are anticipated to control the folding boxboard market in the years to come. Yet, the Asia-Pacific area is anticipated to experience considerable development as well, because to the region’s growing e-commerce usage and the desire for high-quality packaging solutions.
Competitive Landscape
Leading folding boxboard manufacturers are launching new and innovative folding boxboard solutions targeted for specific applications in the food & beverage, pharmaceutical and electrical & electronics end uses. Key players in the folding boxboard market are also taking steps like increasing investments to expand their manufacturing capabilities and geographical footprint to enhance their market share and global presence.
For instance, in February 2021, Mayr-Melnhof Karton AG announced its agreement to acquire Poland based Kwidzyn mill from International Paper for expansion of virgin fiber-based carton board product portfolio.
In May 2020, Metsä Board Corp. announced the expansion of its folding boxboard product portfolio with launch of MetsäBoard Pro FBB OBAfree, MetsäBoard Prime FBB EB eco-barrier paperboard and MetsäBoard Natural FBB uncoated folding boxboard.
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The following players hold a significant share in the global Folding Boxboard market
The writer will create content on the general strategies of market players. And then will write the key players in the market are:
International Paper Co., ITC Limited, Kotkamills Oy., Mayr-Melnhof Karton AG, Metsä Board Corp., Mondi Group plc, Nippon Paper Industries Co., Ltd., SAPPI Ltd., Shandong Bohui Paper Industrial Co., Ltd. and Stora Enso Oyj.
Segmentation
The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion on the market. Numerous segmentations have been provided for this market based on:
Material
Application Type
Frequently Asked Questions
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