Angle Boards Market Report, Size, Share, Growth, Applications, Technology, Types, Products, and Forecasts Report 2027 | Sonoco Products, Packaging Corporation of America

This research covers the entire scope of the study for the Global Angle Boards Market. The report's market estimations are based on extensive secondary research, primary interviews, and in-house expert reviews. The impact of different social, political, and economic aspects, as well as current market dynamics, on the growth of the Global Angle Boards Market, has been studied to arrive at these market estimates.

Along with the market overview and market dynamics, the chapter also includes a Porter's Five Forces analysis, which describes the five forces in the Global Angle Boards Market: buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition. It discusses the many participants in the market ecosystem, such as system integrators, intermediaries, and end-users. The competitive landscape of the Global Angle Boards Market is also covered in the study.

The global Angle Boards market exhibited moderate growth during 2021-2027. Looking forward, the market to grow at a CAGR of around 6.5%.

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Overview:

Major factors driving the market studied are the growth in e-commerce sales and the increasing demand for folded carton packaging. However, the availability of high-performance substitutes is expected to hinder the growth of the market studied. Paperboard packaging is one of the most used eco-friendly packaging solutions. The ability of this format of packaging to be produced in many sizes with a small footprint, when compared to the other bulkier packaging options, makes it feasible for use in almost all end-user industries.

Currently, consumers prefer recyclability and biodegradability as important parameters of packaging over reusability. This underlines the growing concerns of consumers pertaining to the environmental impact of packaging wastes in the future. More than 60% of all communities in the United States collect and recycle paperboard packaging. Furthermore, companies are also focusing on introducing recyclable paper board products. The Cascades recently launched a cardboard tray made from recyclable fibers. SIG has also launched cartons made from recycled polymers using post-consumer waste.

The leading market players listed are:

Sonoco Products, Packaging Corporation of America, Signode Industrial Group (Crown Holdings), VPK Packaging Group, Kunert Gruppe (Paul & Co GmbH & Co KG), Cascades Inc, Primapack SAE, Konfida, Romiley Board Mill, Tubembal, Litco International, Smurfit Kappa, Cordstrap B.V, OEMSERV, Eltete Oy, Napco National, Pacfort Packaging Industries, N.A.L. Company, Spiralpack, Nanjing Hengfeng packaging Co., Ltd,

Market Analysis:

The food and beverage industry is the largest end-user for the paperboard packaging market and accounts for more than half of the global market share.

The food and beverage industry majorly utilizes coated unbleached boards for packaging of beverages, and corrugated container boards for packaging fruits, vegetables, and food products. The acceleration of frozen foods is likely to drive the demand for folding carton packaging.

Changes in lifestyle and a growing young population lead to a higher demand for branded and packaged substances.

According to the Flexible Packaging Association, the beverage sector in the United States accounted for nearly 50% of the packaging market. Currently, over 30% of Americans order food twice a week, and this is expected to grow by 3% in the coming years.

Scenario for Covid-19:

The impact of COVID-19 on the worldwide Angle Boards market was examined in this analysis from both a global and regional standpoint. The paper focused on market analysis under COVID-19 and appropriate reaction policies in different regions, from production to consumption. This research also examines in depth the techniques used by various companies to deal with the impact of COVID-19 in order to find a way forward.

Types of Products:

L Type Corner Boards

U Type Corner Boards

Other

Application spectrum:

Food & Beverage

Building & Construction

Personal Care & Cosmetics

Pharmaceuticals

Electrical & Electronics

Chemicals

Others

Industrial News:

The United States to Witness Significant Growth Rate

North America continues to be one of the leading markets for paperboard packaging products with a host of players operating in the country. In 2018 alone, paper and paperboard consumption in North America reached 74.21 million metric tons. This is according to data released by FAO and UNECE.

The United States dominates the folding carton packaging market in the North American region, where food is expected to continue as the primary end-user of folding cartons. For instance, according to the Association for Packaging and Processing Technologies, the US food industry is expected to proliferate at a steady rate of 2.9% CAGR through 2022.

In 2018, the United States administration levied a tariff of 10% on folding cartons from China, which was scheduled to increase to 25% in January 2019. However, in December 2018, the United States and China agreed on the temporary suspension of any increase in tariffs. With tariff rise, it is expected to result in an increase in domestic production, along with a more rapid transition to flexible packaging formats. This is expected to have a positive impact on the market’s growth over the forecast period.

Regions and Countries Level Analysis:

The research and analysis study of the worldwide Angle Boards market included in the report includes a regional analysis as well. This section examines the sales growth of various Angle Boards marketplaces at the regional and country levels. It provides thorough and precise country-by-country volume information and region-by-region market size analysis of the global Angle Boards market for the historical and projected period 2021 to 2027.

The study examines the growth and other characteristics of the Angle Boards market in key nations (regions), including: North America, Europe, and Asia-Pacific (the United States, Canada, and Mexico) (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, etc.) Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa)

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Research Objectives:

Customer Experience Map

The study offers an in-depth assessment of numerous customers’ journeys pertinent to the Angle Boards market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and worries across various customer touchpoints. The consultation and business intelligence solutions will help interested shareholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

Insights and Tools

The many insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at MID adopt industry-wide, quantitative customer insights tools and Angle Boards market projection methodologies to arrive at results, which makes them reliable. The study not just bids estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research outline with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

Actionable Results

The findings presented in this study by MID are an indispensable guide for meeting all business urgencies, including mission-critical ones. The results when implemented have shown tangible benefits to business investors and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The Angle Boards market study also exemplifies some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

Strategic Frameworks

The study equips businesses and anyone interested in the Angle Boards market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disturbances and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at MID helps you break down the composite scenario and bring resiliency in uncertain times.

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Customization:

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