The global boxboard packaging market was valued at $74.42 Billion in 2022, and is projected to reach $132.88 Billion by 2032, registering a CAGR of 5.9% from 2023 to 2032.
Boxboard is a heavy, stiff material that is formed from compressed paper pulp layers. It is frequently employed in the food & beverage, cosmetics, pharmaceutical, electronic, and retail industries, as it offers a flexible and affordable option for showing and safeguarding merchandise. Boxboard packaging makes use of a certain kind of paperboard or cardboard for making boxes, cartons, and various packaging solutions.
The demand for packaging solutions that are recyclable biodegradable and producing minimal waste has been witnessed to Increase considerably. This is attributed to Increase in consciousness of consumers toward the use of packaging materials and their impact on the environment. This has created a In addition, governments around the world are taking initiatives to boost their domestic industries, as they recognize the crucial role of industrialization in the economic growth of their respective countries. Thus, various initiatives and programs in countries such as India, Argentina, China, Vietnam, Indonesia, and Brazil aim to foster the growth of the manufacturing sector. For instance, in October 2022, Argentina launched a $3.2 billion scheme called “Argentine Credit Programme.” This is done to help grow the SMEs and large industrial sectors along with the agro-industrial companies for investments and import substitution projects. Such programs have been successful in driving the growth of the small- and medium-scale industrial sectors Ince the last decade. These factors collectively are expected to positively influencing the growth of the industries in developing countries, which, in turn, is likely to provide lucrative opportunities for the growth of the boxboard packaging market during the forecast period.
However, constant fluctuations in costs of raw material may restrain market growth. In addition, production and manufacturing processes involved in boxboard packaging can be expensive, especially when compared to alternative packaging material such as plastics. Volatility in prices of raw material, such as fluctuating pulp prices, affects the overall cost structure of boxboard packaging, making it less competitive in certain market segments. Furthermore, boxboard packaging is made from paperboard, which is derived from trees. The demand for sustainable packaging alternatives has been Increasing due to environmental concerns, leading to a shift toward ecofriendly options such as recycled material or biodegradable packaging. This can pose a challenge to traditional boxboard packaging manufactures who need to adopt to meet changing consumer preferences and regulations. Hence, fluctuation in costs of raw materials and stringent regulatory compliances restrain the market growth.
On the contrary, the convenience of storage and transportation as well as customer preference for safe & secure packaging make packaging an essential part of modern life. Thus, to safeguard and transport cosmetics & personal care and electronics, the demand for smart packaging solutions such as boxboard packaging is Increasing. In addition, organizations are investing in cutting-edge packaging solutions to achieve prospective results. For instance, in April 2021, Mauser Packaging Solutions acquired the Global Tank Srl through joint venture NCG-Maider in Italy. Via this acquisition, Mauser Packaging Solutions plans to extend the offering of industrial packaging products and services in the Italian market while strengthening the company’s position as the global market player in reconditioning. Hence, such acquisition and business plan propel the growth of the global market.
The global boxboard packaging market is segmented into type, grade, end-user industry, and region. By type, the market is bifurcated into paperboard boxes and corrugated cardboard boxes. Depending on the grade, it is classified into virgin and recyclable. On the basis of end-user industry, it is segregated into food & beverages, pharmaceuticals, cosmetics & personal care, electronics, automotive, and others.
Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Spain, Italy, the Netherlands, and rest of Europe). Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Major companies in the market have adopted strategies such as business expansion, partnership, acquisition, product development, and product launch to offer better products and services to customers in the boxboard packaging system market.
Boxboard is a heavy, stiff material that is formed from compressed paper pulp layers. It is frequently employed in the food & beverage, cosmetics, pharmaceutical, electronic, and retail industries, as it offers a flexible and affordable option for showing and safeguarding merchandise. Boxboard packaging makes use of a certain kind of paperboard or cardboard for making boxes, cartons, and various packaging solutions.
The demand for packaging solutions that are recyclable biodegradable and producing minimal waste has been witnessed to Increase considerably. This is attributed to Increase in consciousness of consumers toward the use of packaging materials and their impact on the environment. This has created a In addition, governments around the world are taking initiatives to boost their domestic industries, as they recognize the crucial role of industrialization in the economic growth of their respective countries. Thus, various initiatives and programs in countries such as India, Argentina, China, Vietnam, Indonesia, and Brazil aim to foster the growth of the manufacturing sector. For instance, in October 2022, Argentina launched a $3.2 billion scheme called “Argentine Credit Programme.” This is done to help grow the SMEs and large industrial sectors along with the agro-industrial companies for investments and import substitution projects. Such programs have been successful in driving the growth of the small- and medium-scale industrial sectors Ince the last decade. These factors collectively are expected to positively influencing the growth of the industries in developing countries, which, in turn, is likely to provide lucrative opportunities for the growth of the boxboard packaging market during the forecast period.
However, constant fluctuations in costs of raw material may restrain market growth. In addition, production and manufacturing processes involved in boxboard packaging can be expensive, especially when compared to alternative packaging material such as plastics. Volatility in prices of raw material, such as fluctuating pulp prices, affects the overall cost structure of boxboard packaging, making it less competitive in certain market segments. Furthermore, boxboard packaging is made from paperboard, which is derived from trees. The demand for sustainable packaging alternatives has been Increasing due to environmental concerns, leading to a shift toward ecofriendly options such as recycled material or biodegradable packaging. This can pose a challenge to traditional boxboard packaging manufactures who need to adopt to meet changing consumer preferences and regulations. Hence, fluctuation in costs of raw materials and stringent regulatory compliances restrain the market growth.
On the contrary, the convenience of storage and transportation as well as customer preference for safe & secure packaging make packaging an essential part of modern life. Thus, to safeguard and transport cosmetics & personal care and electronics, the demand for smart packaging solutions such as boxboard packaging is Increasing. In addition, organizations are investing in cutting-edge packaging solutions to achieve prospective results. For instance, in April 2021, Mauser Packaging Solutions acquired the Global Tank Srl through joint venture NCG-Maider in Italy. Via this acquisition, Mauser Packaging Solutions plans to extend the offering of industrial packaging products and services in the Italian market while strengthening the company’s position as the global market player in reconditioning. Hence, such acquisition and business plan propel the growth of the global market.
The global boxboard packaging market is segmented into type, grade, end-user industry, and region. By type, the market is bifurcated into paperboard boxes and corrugated cardboard boxes. Depending on the grade, it is classified into virgin and recyclable. On the basis of end-user industry, it is segregated into food & beverages, pharmaceuticals, cosmetics & personal care, electronics, automotive, and others.
Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Spain, Italy, the Netherlands, and rest of Europe). Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competition analysis
The major players profiled in the boxboard packaging market Include Stora Enso, Sappi, Nippon Paper Group, Mondi, Metsa Board, Mayr-Melnhof Group, ITC Limited, International Paper Co, Mondi Plc, and Smurfit Kappa Group.Major companies in the market have adopted strategies such as business expansion, partnership, acquisition, product development, and product launch to offer better products and services to customers in the boxboard packaging system market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the boxboard packaging market analysis from 2022 to 2032 to identify the prevailing boxboard packaging market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the boxboard packaging market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report Includes the analysis of the regional as well as global boxboard packaging market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Paperboard Boxes
- Corrugated Cardboard Boxes
By Grade
- Virgin
- Recycled
By End User Industry
- Food and Beverages
- Pharmaceutical
- Cosmetics and Personal Care
- Electronics
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- International Paper Company
- ITC Limited
- Mayr-Melnhof Karton AG
- Metsa Group
- Mondi Group
- Nippon Paper Industries Co., Ltd.
- Sappi Limited
- Smurfit Kappa Group Plc
- Stora Enso Oyj
- WestRock Company
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: BOXBOARD PACKAGING MARKET, BY TYPE
CHAPTER 5: BOXBOARD PACKAGING MARKET, BY GRADE
CHAPTER 6: BOXBOARD PACKAGING MARKET, BY END USER INDUSTRY
CHAPTER 7: BOXBOARD PACKAGING MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
The Boxboard Packaging Market is likely to experience a significant growth rate of 5.9% from 2022-2032 owing to increasing market demand from Food & Beverages and Pharmaceutical Sector.The global boxboard packaging market was valued at $74,421.0 million in 2022, and is projected to reach $132,882.8 million by 2032, registering a CAGR of 5.9% from 2023 to 2032.
Boxboard is a heavy, stiff material that is formed from compressed paper pulp layers. It is frequently employed in the food & beverage, cosmetics, pharmaceutical, electronic, and retail industries, as it offers a flexible and affordable option for showing and safeguarding merchandise. Boxboard packaging makes use of a certain kind of paperboard or cardboard for making boxes, cartons, and various packaging solutions.
The demand for packaging solutions that are recyclable biodegradable and producing minimal waste has been witnessed to increase considerably. This is attributed to increase in consciousness of consumers toward the use of packaging materials and their impact on the environment. This has created a In addition, governments around the world are taking initiatives to boost their domestic industries, as they recognize the crucial role of industrialization in the economic growth of their respective countries. Thus, various initiatives and programs in countries such as India, Argentina, China, Vietnam, Indonesia, and Brazil aim to foster the growth of the manufacturing sector. For instance, in October 2022, Argentina launched a $3.2 billion scheme called 'Argentine Credit Programme.' This is done to help grow the SMEs and large industrial sectors along with the agro-industrial companies for investments and import substitution projects. Such programs have been successful in driving the growth of the small- and medium-scale industrial sectors since the last decade. These factors collectively are expected to positively influencing the growth of the industries in developing countries, which, in turn, is likely to provide lucrative opportunities for the growth of the boxboard packaging market during the forecast period.
However, constant fluctuations in costs of raw material may restrain market growth. In addition, production and manufacturing processes involved in boxboard packaging can be expensive, especially when compared to alternative packaging material such as plastics. Volatility in prices of raw material, such as fluctuating pulp prices, affects the overall cost structure of boxboard packaging, making it less competitive in certain market segments. Furthermore, boxboard packaging is made from paperboard, which is derived from trees. The demand for sustainable packaging alternatives has been increasing due to environmental concerns, leading to a shift toward ecofriendly options such as recycled material or biodegradable packaging. This can pose a challenge to traditional boxboard packaging manufactures who need to adopt to meet changing consumer preferences and regulations. Hence, fluctuation in costs of raw materials and stringent regulatory compliances restrain the market growth.
On the contrary, the convenience of storage and transportation as well as customer preference for safe & secure packaging make packaging an essential part of modern life. Thus, to safeguard and transport cosmetics & personal care and electronics, the demand for smart packaging solutions such as boxboard packaging is increasing. In addition, organizations are investing in cutting-edge packaging solutions to achieve prospective results. For instance, in April 2021, Mauser Packaging Solutions acquired the Global Tank Srl through joint venture NCG-Maider in Italy. Via this acquisition, Mauser Packaging Solutions plans to extend the offering of industrial packaging products and services in the Italian market while strengthening the company’s position as the global market player in reconditioning. Hence, such acquisition and business plan propel the growth of the global market.
The global boxboard packaging market is segmented into type, grade, end-user industry, and region. By type, the market is bifurcated into paperboard boxes and corrugated cardboard boxes. Depending on the grade, it is classified into virgin and recyclable. On the basis of end-user industry, it is segregated into food & beverages, pharmaceuticals, cosmetics & personal care, electronics, automotive, and others.
- Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Spain, Italy, the Netherlands, and rest of Europe). Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Major companies in the market have adopted strategies such as business expansion, partnership, acquisition, product development, and product launch to offer better products and services to customers in the boxboard packaging system market.
Key Market Insights
- By type, the corrugated cardboard boxes segment is expected to experience rapid growth in the market and is projected to grow at a CAGR of 5.0% from 2023 to 2032.
- By grade, the virgin segment is projected to grow at a CAGR of 5.2% during the forecast period.
- By end user industry, the food & beverage segment is projected to grow at a CAGR of 4.9% during the forecast period.
- Region wise, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 5.2% during the forecast period.
Companies Mentioned
- International Paper Company
- ITC Limited
- Mayr-Melnhof Karton AG
- Metsa Group
- Mondi Group
- Nippon Paper Industries Co., Ltd.
- Sappi Limited
- Smurfit Kappa Group Plc
- Stora Enso Oyj
- WestRock Company
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 234 |
| Published | June 2023 |
| Forecast Period | 2022 - 2032 |
| Estimated Market Value ( USD | $ 74.42 Billion |
| Forecasted Market Value ( USD | $ 132.88 Billion |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
