Folding paperboard boxes are mostly industrially produced boxes that are used to package materials and goods. Various types of heavy paper-like materials, such as corrugated fiberboard, card stock, or paperboard, are used to make folding paperboard boxes.
Folding paperboard boxes are generally used for packing items of various shapes and sizes, and are available in the form of paperboard with folding. They are cut in a tailored shape, printed, and plastic-coated to achieve a specific structure based on the material’s packing needs.
The market for Folding Paperboard Boxes: Drivers and Restraints
The constant relative growth of the folding paperboard boxes market in the tobacco, healthcare, and food processing industries, increasing industrialization rates across the globe, advancement in the packaging industry, and increasing usage of folding paperboard boxes in a wide range of end-user applications are the major factors driving the growth of the folding paperboard boxes market.
Furthermore, technological improvements have prompted packaging makers to change and improve folding paperboard boxes packaging to make them more appealing and convenient for clients. Furthermore, in developing economies, there is a significant increase in online shopping and e-commerce portals, which expands the logistics and transportation possibilities and, as a result, fuels the demand for corrugated and paperboard boxes.
Regional Outlook for Folding Paperboard Boxes
North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa are the seven primary areas in which the folding paperboard boxes market is divided. During the forecast period, the folding paperboard boxes market is expected to grow at a healthy rate.
Asia-Pacific has a disproportionately large market share and is expected to increase at a considerable CAGR during the projection period. The North American market is fast expanding due to a rapid increase in folding paperboard box production capacity as the number of hypermarkets and supermarkets grows, as well as the rapidly rising organised retail industry, resulting in greater demand for consumer care items
Changing packaging patterns and advancements in flexible packaging, as well as rising demand for folding paperboard boxes in the food and beverage industry, are key drivers driving the growth of the folding paperboard boxes market in the area. Because of the increased demand for folding paperboard boxes around the world, the market for folding paperboard boxes is expected to rise at a healthy rate.