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Board Packaging Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

02-29-2024 03:17 PM CET | Industry, Real Estate & Construction

Press release from: Evolve Business Intelligence

Board Packaging Market Growth Factors, Segmentation, Trends,

As per the study initiated by Evolve Business Intelligence, the global Board Packaging Market size accounted for USD 0.32 Billion in 2023, growing at a CAGR of 4.54% from 2023 to 2033. Board packaging refers to packaging materials made from various types of paperboard or cardboard. These materials are commonly used to create boxes, cartons, and other containers for packaging products. Board packaging can range from simple corrugated cardboard boxes used for shipping to more elaborate and specialized packaging solutions for retail products. It is valued for its versatility, affordability, and ability to protect goods during storage and transportation. Board packaging is widely used across various industries, including food and beverage, electronics, pharmaceuticals, and consumer goods.

The Board Packaging market is primarily driven by the growing demand for sustainable packaging solutions, including recyclable and biodegradable options. Additionally, the e-commerce boom and increasing consumer preference for convenient, eco-friendly packaging contribute to market growth.

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Key Highlights:
• The global Board Packaging Market size was valued at USD 0.32 billion in 2023 growing at a CAGR of 4.54% from 2023 to 2033.
• North America dominated the market in 2023
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Board Packaging Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges.

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Key Players
Some of the major Board Packaging Market players holding high market shares include Stora Enso, Sappi, Nippon Paper Group, Mondi, and Metsa Board Oyj. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Stora Enso
• Sappi
• Nippon paper group
• Mondi
• Metsa Board Oyj
• Mayr-Melnhof Karton
• ITC Limited
• International Paper
• DS Smith Plc.
• Huhtamaki Oyj
• Smurfit Kappa Group PLC

Segmental Analysis
Market Segment By Product Type
• Boxes
• Cartons
• Clamshells
• Trays
• Cups
• Dividers
• Others
Market Segment By Grade
• Virgin
• Recycled
Market Segment By End-Use
• Food & Beverage
• Pharmaceuticals
• Cosmetics & Personal Care
• Homecare
• Electrical & Electronics
• Automotive
• Other Industries

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Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and data forecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making

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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.

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