Boxboard Packaging Market Analysis, Technology Progress, Revenue Forecast to 2023-2031 | Mondi, Nippon Paper Group, Metsa Board Oyj, Stora Enso

New York, According to a new market research report published by Global Insight Services Boxboard Packaging Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Boxboard packaging is a type of corrugated cardboard that is made from two layers of flat cardboard, with a layer of corrugated cardboard in between. It is typically used for packaging products that are not too heavy or fragile, such as cereal boxes, shoe boxes, and tissue boxes. Boxboard packaging is also recyclable.

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Key Trends

There are a few key trends in boxboard packaging technology. One is the move towards lighter-weight boards. This is being driven by the need to reduce packaging costs and environmental impact. Lighter weight boards use less raw material and result in less waste.

Another trend is the use of more recycled content in boxboards. This is also driven by cost and environmental concerns. Using recycled content reduces the demand for virgin wood pulp, and it also reduces the amount of waste sent to landfills.

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Key Drivers

The key drivers of the boxboard packaging market are the increasing demand for packaging from the food and beverage industry, the growing demand for e-commerce, and the increasing environmental awareness.

The food and beverage industry is the largest end-user of boxboard packaging, accounting for more than 50% of the total demand. The growing demand for packaged food and beverages, due to the busy lifestyles of consumers, is the major driver of the market. In addition, the growing demand for e-commerce is driving the demand for boxboard packaging, as it is used for packaging and shipping products.

The increasing environmental awareness is also a key driver of the market. Boxboard packaging is made from recycled paper and is 100% recyclable. This makes it an eco-friendly option for packaging, which is preferred by consumers and companies.

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Market Segments

The Boxboard Packaging Market is segmented by materials type, product type, end use and region. By material type, the market is bifurcated into coated unbleached kraft paperboard, bleached kraft paperboard, and recycled kraft paperboard. Based on product type, it is divided into boxes, folding cartons, and tubes & cores. On the basis of end use, it is classified into food & beverages, personal care & cosmetics, home care, pharmaceutical, automotive, and others. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Boxboard Packaging Market includes players such as International Paper, Mayr-Melnhof Karton, Mondi, Nippon Paper Group, Metsa Board Oyj, Stora Enso, DS Smith, SMURFIT KAPPA, Sappi, and ITC Limited.

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Reasons to buy Boxboard Packaging Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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