VALLEY COTTAGE, New York, October 9, 2017 /PRNewswire/ --
Folding boxboards are used increasingly in the packaging industry due to their low density and high stiffness. Folding boxboards are usually made from mechanical pulp and this layer is sandwiched between a top and back sheet that is made from chemical pulp. Folding boxboards are used in a vast array of applications like the packaging of cosmetics, luxury goods, food packaging and pharmaceutical packaging. Folding boxboards are also used in the production of greeting cards, paperback covers, etc. The demand for folding boxboards packaging solutions is increasing, especially in the developing region of APEJ. This is because of the huge population growth in this region along with a rise in the disposable incomes of people. Also, as the consumers of present times are preferring eco-friendly packaging solutions, the demand for folding boxboards is also increasing consequently.
The global folding boxboard market is slated to touch a value of about US$ 12,250 Mn in the year 2022 and display a robust CAGR during the assessment period.
4 Forecast Highlights on Global Folding Boxboard Market
- As per the forecast of Future Market Insights, the recovered paper segment is slated to touch a value of more than US$ 5,100 Mn in the year 2022. This represents a robust CAGR during the assessment period of 2017-2022. The recovered paper segment is estimated to account for more than one-third of the revenue share of the material segment by the year 2017 and is forecasted to gain market share by 2022 over 2017.
- As per the forecast of Future Market Insights, the healthcare segment will reach a value of about US$ 920 Mn in the year 2017. This represents a moderate CAGR growth during the forecast period. The healthcare segment is forecasted to account for nearly one-tenth of the total revenue share of the application type segment by the end of the year 2017 and is expected to lose in market share by 2022 as compared with the year 2017.
- As per the forecast of Future Market Insights, the cosmetics segment is slated to reach a value of about US$ 1,200 Mn in 2022. The cosmetics segment is expected to gain market share by the end of the year 2022. The largest share is contributed by the APEJ region in the cosmetics segment.
- Future Market Insights forecasts the China folding boxboard market to exhibit a compound annual growth rate (CAGR) of nearly 8% from 2017 to 2022.
The report has also included the profiles of some of the leading companies in the folding boxboard market like Nippon Paper Industries Co., Stora Enso Oyj, International Paper Co., SAPPI Ltd., ITC Limited, Metsä Board Corp., Shandong Bohui Paper Industrial Co., Ltd., Kotkamills Oy., Mondi Group plc, Ltd. and Mayr-Melnhof Karton AG.
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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
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SOURCE Future Market Insights