Published on : Aug 03, 2018
Albany, New York, August 3, 2018: Ease of storage characterized in folding box board cartons encourages its rapid adoption as an ideal industrial packaging solution. Further unique features such as high strength and cost efficiency, besides eco-friendly raw materials pose growth opportunities in folding boxboard market. In its recent report addition, ‘Folding Boxboard Market by Type, Application, Opportunity Assessment, 2017-22’, Market Research Hub (MRH) evaluates the impact of developments on the growth of folding boxboard market.
Premiumization of Luxury Goods Translates Growth in Folding Boxboard Packaging
Product innovation remains primary in the fast growing folding boxboard market. Leading market players, to align with the growing concept of non-hazardous products, are increasingly banking upon neutral resources such as virgin fibers to sustain their leading role in folding boxboard market. Pertinent demands in core end-use industries such as luxury goods industry is a significant trigger in folding boxboard market growth.
In its stride to revolutionize its folding boxboard offerings, market behemoth ITC has recently unrolled new products to differentiate its product line in folding boxboard market. Christened Omegabarr, it is the latest folding boxboard intended to upscale applications in the food, beverage, and cosmetic industries. These folding boxboards are aimed to provide superior packaging solutions with enhanced sealing properties.
Additionally, to offer advanced packaging solutions pertaining to safe consumption, market player, Mayr-Melnhof has recently spearheaded new developments in its folding box board portfolio with the addition of new folding boxboard products under the brand name, Foddboard, aimed to offer recyclable food packaging solutions. These folding box board cartons are intended to provide superior barrier support thus preventing contamination of packaged contents.
Besides offering a clear overview of market definition this section of the report presents a detailed summary of segments exhibited in the market. This section of the report enlists material, type, and applications as dominant segments in folding boxboard market. Based on material, folding boxboard market is categorized as pulp based , bleached chemical , recovered paper amongst other material as key segments prevalent in folding boxboard market. Based on type, folding boxboard market is bifurcated as higher end and general packaging, healthcare, cosmetics, greetings cards amongst other applications as major segments in folding boxboard market. Detailed description of market segments presented in the report allow readers to identify the segment associated with maximization of revenues in folding boxboard market, besides analyzing the implications of segments in maneuvering growth in folding boxboard market.
APEJ Emerges as the Fastest Growing Region in Folding Boxboard Packaging
Besides aforementioned segmentation, this section of the report also entails a summary of regional presence of folding boxboard market. Based on region, folding box board market is sectioned as Europe, North America, Latin America, Asia-Pacific excluding Japan, Japan, and Middle East and Africa. This section of the report accounts various marketing tactics applied by core market players in various regions of folding boxboard market and their effect on end-user response.
Competitive Landscape: Folding Boxboard Market
This section of the report aids readers in comprehending the effect of marketing tactics in stimulating growth in folding boxboard market besides analyzing their influence on buying behavior of end-use industries. New and existing market players in folding boxboard market can facilitate deep analysis of these strategies to attain key inferences that aid their decision making pertaining to investment. Key players identified in folding boxboard market consist of ITC, Mets Group, Stora Enso Oyj, Kotkamills, Mayr-Melnhof, and International Paper Company amongst others.
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