Boxboard Packaging Market Analysis

Global Boxboard Packaging Market Overview

Boxboard Packaging Market Size was valued at USD 48.48 Billion in 2023. The Boxboard Packaging industry is projected to grow from USD 52.12 Billion in 2024 to USD 86.46 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.53% during the forecast period (2024 - 2032). Increased use of boxboard packaging in pharmaceuticals, cigarettes, frozen foods, and confectionaries markets are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Boxboard Packaging Market Trends

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  Increasing awareness towards health and environmental protection is driving the market growth

  
  

Market CAGR for boxboard packaging is being driven by the rising awareness about health and environments safety among people. A common material for packaging, paperboard is a heavy paper-based product. Wood pulp serves as the main component of this product. In order to lessen waste and deforestation, a sizable amount of paperboard is recycled. Packaging for cosmetics, durable and non-durable goods, food and beverage packaging, and medical packaging all heavily rely on paperboards. Reusability is currently less essential to consumers than recycling and biodegradability when it comes to packaging criteria. The boxboard was an essential part of the packaging industry It highlights the rising customer concern over the environmental effects of packaging waste in the future. In the US, paperboard packaging is collected and recycled in more than 60% of all areas. The introduction of recyclable paperboard goods is another area of interest for businesses. An eco-friendly cardboard tray was just introduced by The Cascades. Also discovered by SIG were cartons manufactured from post-consumer trash and recovered polymers.

Additionally, corrugated packaging has become an important market driver as a result of its development as a point-of-sale display in retail applications and continued development trends in small flutes and high-quality graphics boards. Corrugated boxes are now able to compete with folding carton applications that have been around for a long time. Distributors of goods are embracing cutting-edge technologies more frequently because they offer engaging and eye-catching designs that consumers will notice. One such technology is digitally printed paperboard, which attracts large investments. In addition, the desire for more environmentally friendly and sustainable packaging options, including folding cartons, is being driven by governmental rules that are being implemented by various nations.

The presence of high-performance alternatives is anticipated to impede market expansion. One of the most popular green packaging options is paperboard packaging. Compared to other bulkier packaging solutions, this package type may be created in several sizes with a tiny footprint, making it practical for usage in practically all end-user sectors.

For instance, the surge in eco-friendly packaging options has been fueled by a sudden surge in public interest. According to Food Dive, 67% of consumers believe it is essential that the products they purchase come in recyclable packaging, with 54% indicating that this is a factor in their purchasing decisions. Additionally, 83% of younger consumers are willing to pay more for sustainably packaged products. This is resulting in driving the Boxboard Packaging market revenue.

Boxboard Packaging Market Segment Insights

Boxboard Packaging Materials Type Insights

The  Boxboard Packaging market segmentation, based on materials type includes coated unbleached kraft paperboard, bleached kraft paperboard, and recycled kraft paperboard. The coated unbleached kraft paperboard segment dominated the market, because of its frequent use for beer and soft drink containers, as well as heavy-duty retail packaging for hardware and concentrated laundry detergents.

Boxboard Packaging Product Type Insights

The  Boxboard Packaging market segmentation, based on product type, includes boxes, folding cartons, and tubes & cores. The boxes category generated the most income in 2022. Due to its wide range of applications in diverse end-use industries, including food and beverage, pharmaceutical, personal care, and cosmetics, among others the market for boxes has been growing significantly.

Figure1: Boxboard Packaging Market, by Product Type, 2022 & 2032 (USD Billion)                             

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Boxboard Packaging Thickness Insights

The  Boxboard Packaging market segmentation, based on thickness, includes from 0.75mm to 1mm, and From 1.1 mm to 2.3mm. The from 1.1mm to 2.3mm category has been ruling the market in context of boxboard packaging. Most of the industries are using boxboard packaging of 1.1mm to 2.3mm, because of its toughness and durability.

Boxboard Packaging End Use Insights

The  Boxboard Packaging market segmentation, based on end use, includes food & beverages, personal care & cosmetics, home care, pharmaceutical, automotive, electrical & electronics, and chemical & lubricants. Food & beverages category held the highest share in the market in 2022. The box board product packaging is highly used for ready to eat food or cereal, also for beverages boxes in food and beverage industry.

Boxboard Packaging Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific Boxboard Packaging market area will dominate this market; this is mostly due to the expansion of end-use sectors like food and beverage manufacturing and the widespread presence of important producers in the area. Moreover, China’s Boxboard Packaging market held the largest market share, and the Indian Boxboard Packaging market was the fastest growing market in the Asia Pacific region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: BOXBOARD PACKAGING MARKET SHARE BY REGION 2022 (USD Billion)                       

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Boxboard Packaging market accounts for the second-largest market share. Government restrictions that are quite strict and the existence of significant end-use sectors are the key drivers of demand in the region. Further, the German Boxboard Packaging market held the largest market share, and the UK Boxboard Packaging market was the fastest growing market in the European region

The North America Boxboard Packaging Market Is expected to grow at the fastest CAGR from 2023 to 2032. There is a growing need for eco-friendly packaging options due to the size of the production facilities used by boxboard packaging manufacturers worldwide.

Boxboard Packaging Key Market Players& Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Boxboard Packaging market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Boxboard Packaging industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the  Boxboard Packaging industry to benefit clients and increase the market sector. In recent years, the Boxboard Packaging industry has offered some of the most significant advantages to nature by providing paper packaging. Major players in the Boxboard Packaging market, including International Paper (US), Mayr-Melnhof Karton (Austria), Mondi (UK), Nippon paper group (Japan), Metsa Board Oyj (Finland), Stora Enso (Finland), and others, are attempting to increase market demand by investing in research and development operations.

The International Paper firm is the biggest pulp and paper firm in the world and is an American company. American Boxboard is a company that manufactures corrugated and solid fiber boxes. It is headquartered in Memphis, Tennessee, and has about 56,000 employees. Paper plants are extremely flammable due to the nature of the materials they produce. In order to protect itself, International Paper Company commonly employed asbestos insulation  in the walls, floors, and roofs of its buildings. In all International Paper factories, asbestos insulation was also employed to insulate pipes and boilers. American graphic artists Lester Beall and Richard Rogers created the company's logo in 1960. The letters "I" and "P" are used to create a stylized arrow that resembles a tree and is encircled by a circle in the logo. The need for a logo that could be stenciled into trees and timber destined for paper production was a major restriction in the design process. In 2021, a spin-off that resulted in the creation of the independent firm Sylvamo has been completed. The main office of Sylvamo is likewise situated in Memphis, Tennessee. The Printing & Communications (White Uncoated Freesheet) mills in Ticonderoga, New York, Eastover, South Carolina, Mogi Guacu, Luiz Antonio, Tres Lagoas, France, and Svetogorsk, Russia were all divested.

Mondi plc is a worldwide packaging and paper firm with around 21,000 employees and approximately 100 production facilities spread across more than 30 countries, mostly in Europe, Russia, North America, and South Africa. Weybridge, England, and Vienna, Austria, are both home to group offices. Mondi is fully integrated throughout the whole packaging and paper value chain, from the production of pulp and paper to the conversion of packaging papers into corrugated packaging, extrusion coatings, industrial bags, and release liners. In 2021, Together with the World Food Program, Mondi has begun a new project whose primary goal is to jointly design packaging that delivers — for people and the world, developing a package that can aid in the protection of the environment and the battle against hunger.

Key Companies in the Boxboard Packaging market include

• International Paper (US)


• Mayr-Melnhof Karton (Austria)


• Mondi (UK)


• Nippon paper group (Japan)


• Metsa Board Oyj (Finland)


• Stora Enso (Finland)


• DS Smith (UK)


• SMURFIT KAPPA (Ireland)


• Sappi (South Africa)


• ITC Limited (India)

Boxboard Packaging Industry Developments

April 2022: The Burgo Group and Mondi plc have agreed to a price of EUR 40 million (USD 40.815 million) for the sale of the Duino mill in Trieste, Italy. A single paper machine that creates thin-coated mechanical paper is presently in operation at the plant. In order to convert this paper factory to create 420,000 tones of premium recycled containerboard yearly, Mondi plans to invest roughly EUR 200 million (USD 204.076 million). The containerboard machine will enhance backward integration in corrugated packaging and provide supply assurance for the business to better serve its customers.

May 2022: Société Normande de Carton Ondulé SA, SNCO, and Emballages Laurent SAS, both located in Western France and owned by International Paper, will benefit from investments totaling nearly EUR 23 million (USD 24.191 million) to increase their production capacity in response to the growth of the e-commerce industry and give customers even more environmentally friendly packaging options.

January 2023: Mondi announced that it had completed the acquisition of the Duino paper mill from the Italian graphic and specialty paper company, Burgo Group for €40 million.

Boxboard Packaging Market Segmentation

Boxboard Packaging Materials Type Outlook

• Coated Unbleached Kraft Paperboard


• Bleached Kraft Paperboard


• Recycled Kraft Paperboard

Boxboard Packaging Product Type Outlook

• Boxes


• Folding Cartons


• Tubes & Cores  

Boxboard Packaging Thickness Outlook

• From 0.75mm to 1mm


• From 1.1 mm to 2.3mm

Boxboard Packaging End User Outlook

• Food & Beverages


• Personal Care & Cosmetics


• Home Care


• Pharmaceutical


• Automotive


• Electrical & Electronics


• Chemical & Lubricants

Boxboard Packaging Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America