August 17, 2022 09:00 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.

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NEWARK, Del, Aug. 17, 2022 (GLOBE NEWSWIRE) -- The folding boxboard market is estimated to showcase an opulent growth opportunity by generating a total revenue of US$ 12.2 Bn in 2022 and is projected to reach US$ 20.3 Bn by 2032, at a CAGR of 5.2% from 2022 to 2032.

The study conducted by Future Market Insights estimates that the 201-300 GSM and 301-350 GSM basis weights segments of the folding boxboard market are estimated to cumulatively account for around 65% of market share in 2022 and the market valuation of these segments is projected to expand at a CAGR of 4.5% and 5.3% respectively during the forecast period 2022-32.

The market for folding boxboard is expected to surge by 50 basis share points (BPS) in H1-2022 (O) against comparison with H1-2021, according to an FMI analysis. However, when comparing the H1-2022 projected and H1-2022 outlook period, a rise in BPS change by 20 BPS has been noticed. Key reasons for the increase in the market are due to lightweight, solid, reliable, cheap, and effective packaging.

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Mondi Group plc, Kotkamills Oy., International Forest Products LLC, Mayr-Melnhof Karton AG, Metsä Board Corp., Nippon Paper Industries Co., Ltd., SAPPI Ltd., Stora Enso Oyj., Dordan Manufacturing Company, PG Paper Company, Iggesund Paperboard, Maxipos, Kartonfabrik Buchmann GmbH, Shandong Bohui Paper Industrial Co., Ltd., Hangzhou Gerson Paper Co., Ltd. are some of the key companies profiled in the full version of the report.

Leading folding boxboard manufacturers are launching new and innovative folding boxboard solutions targeted for specific applications in the food & beverage, pharmaceutical, and electrical & electronics end uses. Key players in the folding boxboard market are also taking steps like increasing investments to expand their manufacturing capabilities and geographical footprint to enhance their market share and global presence.

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More Insights into Folding Boxboard Market

The South Asian region is expected to dominate the folding boxboard market. India is the largest market for folding boxboards and is anticipated to account for 47% of the market share in 2022. According to Invest India, a National Investment and Facilitation Agency, the pharmaceutical industry in India is estimated to reach US$ 65 Bn by 2024 at a growth rate of 10 to 12% year over year.

The healthcare and pharmaceutical industry is one of the major end-use industries of the folding boxboard market and the industry is anticipated to raise the demand for the target product in India at a robust rate.

In the Europe region, Germany is expected to account for around 28% market share of the folding boxboard market by the end of 2022, which is the largest among other European countries.

According to the Federation of German Food and Drinks Industries (BVE), the German food & beverage industry was predicted to be the fourth-largest industry and the total industry revenue accounted for a total of EUR 185.3 Bn (~US$ 208 Bn) in the year 2019.

Folding Boxboard Market by Category

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    3.1. Key Trends Impacting the Market

5. Global Folding Boxboard Market Demand Analysis 2015-2021 and Forecast, 2022-2032

    5.1. Historical Market Volume (000’ Tonnes) Analysis, 2015-2021

    5.2. Current and Future Market Volume (000’ Tonnes) Projections, 2022-2032

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Download complimentary copy of Future Market Insights White Paper on Intelligent Packaging for Circular Economy published in collaboration with Graham Packaging and Avery Dennison

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years. 

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