Boxboard Packaging Market Analysis forecast to 2030 Focusing on Top Key Players
Global Market for Boxboard Packaging Market - Overview
According to the MRFR analysis, the global boxboard packaging market size was valued at around USD 55 billion in 2020 and is expected to reach around USD 80 billion by the end of 2028 at a CAGR of 5.0%.
Boxboard is the lighter weight and thin carton commonly used to carry a single item such as breakfast cereal, crackers, shoes, a toy, among others. The boxboard packaging does not have the wavy middle layer (corrugating medium) which provide the strength. Boxboard packaging is used for various applications from packaging products of cosmetics to electronics. Packaging of a product is mandatory to achieve the extended product storage, products safety, and maintain the quality of the product. Boxboard packaging utilizes recycled materials, along with being rigid, boxboard packaging system provides stability, and due to its excellent surface for printing the product appears more attractive to the final consumer. Boxboard packaging can be folded intricately, the printing on the boxboard packaging can be done using vibrant colors, they are aesthetically good and are ideal for the retail boxes. All these factors are together propelling the growth of boxboard packaging market across the globe.
Obtain Brochure For Latest Technology Advancements @
https://www.marketresearchfuture.com/sample_request/10755
Global Boxboard Packaging Market – Prominent Players
International Paper (US),Mayr-Melnhof Karton (Austria),Mondi (UK),Nippon paper group (Japan),Metsa Board Oyj (Finland),Stora Enso (Finland),DS Smith (UK),SMURFIT KAPPA (Ireland),Sappi (South Africa),ITC Limited (India).
COVID-19 Analysis
The demand for packaging products has declined considerably from the industrial sectors, including food & beverage, confectionery, personal care & cosmetics, wines & spirits, and fashion, owing to the outbreak of the COVID-19 pandemic. The packaging industry witnessed a mixed impact due to the significant changes in brick-and-mortar stores and online businesses attributed to the moving restrictions implied by the government authorities to prevent the further spread of the deadly virus. The packaging manufacturers supply their products for the packaging of various products across end-use industry verticals, such as pharmaceuticals, food & beverages, and electronics, to name a few. Due to the restrictions imposed on manufacturing industries and the slowdown in economic activities, the packaging industry reported a significant downfall in its revenues globally. However, due to the gradual ease of lockdowns and upliftment of imposed restrictions post-second COVID-19 wave, there has been a gradual rise in the profits for Boxboard Packaging Market Growth manufacturers in the second half of the year 2020. For instance, according to a post by Swiftpak, based in the UK, a leading supplier of wholesale packaging products, online sales in the UK swelled by over 74% year-on-year in January 2021. This was reported as the largest growth rate ever since the first lockdown commenced in March 2020. The packaging industry hence witnessed recovery and is expected to recover in the upcoming period.
Access Complete Report @
https://www.marketresearchfuture.com/reports/boxboard-packaging-market-10755
Boxboard Packaging Market - Segments:
By Material Type
This segment is further segmented into coated unbleached kraft paperboard, bleached kraft paperboard, and recycled paper .
By Product Type
By product type, the market is segmented into boxes, folding cartons, and tubes & cores.
Boxes segment is one of the largest segment in the boxboard packaging market across the globe. Boxes has variety of applications in various end use industries such as food & beverages, pharmaceutical, personal care & cosmetics, among others.
By Thickness
By thickness, the market is segmented into from 0.75mm to 1 mm and from 1.1 mm to 2.3 mm.
From 1.1 mm to 2.3 mm segment is projected to hold prominent share in the boxboard packaging market during the forecast period.
By End-Use
By end-use, the market is segmented into food & beverages, personal care & cosmetics, home care, pharmaceutical, automotive, electrical & electronics, chemical & lubricants, and others.
Food & Beverages segment is likely to have a higher demand owing to increasing demand in food and beverage industry and are widely used in cereals, confectionaries, and ready-to-consume fruit drink packaging.
Buy Now @
https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=10755 Boxboard Packaging Market Analysis forecast to 2030 Focusing on Top Key Players
Global Market for Boxboard Packaging Market - Overview
According to the MRFR analysis, the global boxboard packaging market size was valued at around USD 55 billion in 2020 and is expected to reach around USD 80 billion by the end of 2028 at a CAGR of 5.0%.
Boxboard is the lighter weight and thin carton commonly used to carry a single item such as breakfast cereal, crackers, shoes, a toy, among others. The boxboard packaging does not have the wavy middle layer (corrugating medium) which provide the strength. Boxboard packaging is used for various applications from packaging products of cosmetics to electronics. Packaging of a product is mandatory to achieve the extended product storage, products safety, and maintain the quality of the product. Boxboard packaging utilizes recycled materials, along with being rigid, boxboard packaging system provides stability, and due to its excellent surface for printing the product appears more attractive to the final consumer. Boxboard packaging can be folded intricately, the printing on the boxboard packaging can be done using vibrant colors, they are aesthetically good and are ideal for the retail boxes. All these factors are together propelling the growth of boxboard packaging market across the globe.
Obtain Brochure For Latest Technology Advancements @ https://www.marketresearchfuture.com/sample_request/10755
Global Boxboard Packaging Market – Prominent Players
International Paper (US),Mayr-Melnhof Karton (Austria),Mondi (UK),Nippon paper group (Japan),Metsa Board Oyj (Finland),Stora Enso (Finland),DS Smith (UK),SMURFIT KAPPA (Ireland),Sappi (South Africa),ITC Limited (India).
COVID-19 Analysis
The demand for packaging products has declined considerably from the industrial sectors, including food & beverage, confectionery, personal care & cosmetics, wines & spirits, and fashion, owing to the outbreak of the COVID-19 pandemic. The packaging industry witnessed a mixed impact due to the significant changes in brick-and-mortar stores and online businesses attributed to the moving restrictions implied by the government authorities to prevent the further spread of the deadly virus. The packaging manufacturers supply their products for the packaging of various products across end-use industry verticals, such as pharmaceuticals, food & beverages, and electronics, to name a few. Due to the restrictions imposed on manufacturing industries and the slowdown in economic activities, the packaging industry reported a significant downfall in its revenues globally. However, due to the gradual ease of lockdowns and upliftment of imposed restrictions post-second COVID-19 wave, there has been a gradual rise in the profits for Boxboard Packaging Market Growth manufacturers in the second half of the year 2020. For instance, according to a post by Swiftpak, based in the UK, a leading supplier of wholesale packaging products, online sales in the UK swelled by over 74% year-on-year in January 2021. This was reported as the largest growth rate ever since the first lockdown commenced in March 2020. The packaging industry hence witnessed recovery and is expected to recover in the upcoming period.
Access Complete Report @ https://www.marketresearchfuture.com/reports/boxboard-packaging-market-10755
Boxboard Packaging Market - Segments:
By Material Type
This segment is further segmented into coated unbleached kraft paperboard, bleached kraft paperboard, and recycled paper .
By Product Type
By product type, the market is segmented into boxes, folding cartons, and tubes & cores.
Boxes segment is one of the largest segment in the boxboard packaging market across the globe. Boxes has variety of applications in various end use industries such as food & beverages, pharmaceutical, personal care & cosmetics, among others.
By Thickness
By thickness, the market is segmented into from 0.75mm to 1 mm and from 1.1 mm to 2.3 mm.
From 1.1 mm to 2.3 mm segment is projected to hold prominent share in the boxboard packaging market during the forecast period.
By End-Use
By end-use, the market is segmented into food & beverages, personal care & cosmetics, home care, pharmaceutical, automotive, electrical & electronics, chemical & lubricants, and others.
Food & Beverages segment is likely to have a higher demand owing to increasing demand in food and beverage industry and are widely used in cereals, confectionaries, and ready-to-consume fruit drink packaging.
Buy Now @ https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=10755