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The global boxboard packaging market was valued at USD 90 billion in 2023 and grew at a CAGR of 6% from 2024 to 2033. The market is expected to reach USD 161.17 billion by 2033. The rise of e-commerce will drive the growth of the global boxboard packaging market.
Boxboard packaging is a packaging material which is made from paper and wood fibres. Layers of paper are infused together to create a highly durable and strong packaging material. Boxboard is a middle ground of paper packaging and corrugated cardboard packaging. It is strong yet lightweight. Sturdy yet flexible. It is cost-effective and sustainable. It has a smooth surface which offers excellent printability. Printable packaging is extremely essential in the modern economy. The process of creating boxboard packaging involves several steps. The paper pulp is layered one after the another and pressed together before frying it. it is then coated with appropriate materials to improve its properties to repel moisture and other forms of contaminations. It is then cuts into shapes and sizes according to the needs of the users. It is then printed with the necessary texts and graphics according to the brands and product’s needs. it is printed with other necessary information like its contents and handling instructions mandated by the regulatory authority. The printability of boxboard packaging enables compliance. This flexibility enables the use of boxboard packaging across sectors. It is used in the food and beverages, consumer electronics, cosmetics and pharmaceuticals among others. The material is recycled and can be recycled multiple number of times which contribute to the circular economy and a sustainable world.
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The rapid e-commerce growth – the growing ownership of smart connected devices due the rising disposable income of the population, wider choices in the market, shorter product life-cycles, accessible internet and rising digital literacy has contributed to the expansion of e-commerce. The covid-19 pandemic accelerated the adoption of e-commerce given the convenience it offers with a wide-variety of choices through a screen, home-delivery, multiple payment options, quick consumer redressal mechanisms and offers. The rapid expansion of e-commerce has translated into a similar rise in demand for packaging to store, transport and deliver these products. boxing the products has become as important as the product itself enabling producers to portray their brands and products in an appealing way to attract more customers. Boxboard’s smooth surface and printability enables producers to achieve the same. It also contributes to sustainability efforts as these packaging solutions are recyclable and are sometimes also made from recycled materials. It is strong and durable ensuring the products reaches the customers as it was intended without any damage and delays. Therefore, the expanding e-commerce industry will contribute to the global boxboard packaging market’s growth.
Quality concerns of boxboard packaging – Boxboard packaging in itself is vulnerable to moisture which comprises the structural integrity of the packaging and increases the risk of product contamination. It is a significant concern especially for food and beverages. It is also a cause for concern for cosmetics, pharmaceuticals and consumer electronics. Extreme temperatures also risk breakage and damage to boxboard packaging. It is not ideal for frozen products. additionally, boxboards are not ideal for heavy loads. They are fragile and need to be handled with care which is not always the case with logistics and transportation. It is also not chemical-resistant. Therefore, the limitations of boxboard packaging restrict its applications and hamper the market’s growth.
The rising emphasis on sustainability – the rising climate change concerns have increased regulatory pressure over adoption of sustainable materials and practices in the economy. The change is being driven by all stakeholders. climate-conscious consumers demand eco-friendly products which encourages producers to adopt the same. They also adopt these sustainability measures as part of their corporate social responsibility initiatives. Additionally, governments worldwide have recognized the importance of environmental conservations and have thereby stepped-up efforts to save the environment through legislations, regulations, guidelines, fiscal programs, subsidies and incentives. These legislations mandate the use of environmentally sustainable products by market players forcing them to adopt them to avoid government action. Therefore, the rising emphasis on sustainability will contribute to the increasing demand for boxboard packaging as it is recycled and recyclable material.
The regions analysed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific emerged as the most significant global boxboard packaging market, with a 42% market revenue share in 2023.
The increasing population combined with positive and rapid economic growth of economies of the region has increased the per-capita income of consumers. the per capita income rise has increased the disposable income of the population which has contributed to the rising demand for consumer goods across sectors. Food, cosmetics, electronics, pharmaceuticals and automotive industries are all witnessing a rise in demand which also increases packaging needs and contributes to the regional boxboard packaging market’s growth. the robust consumer demand is complimented by a well-established and wide network of industries ensuring consistent supply of quality goods. The region is also an exporting hub given the low production costs. the rapid urbanization has increased the demand for packaged goods which will augment the market’s growth. the government regulation supporting environmental sustainability will also bode well for the market. advancements and product innovations has expanded the scope of applications for boxboard packaging beyond the traditional industries.
Asia Pacific Region Boxboard Packaging Market Share in 2023 - 42%
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The type segment is divided into paperboard boxes and corrugated cardboard boxes. The paperboard boxes segment dominated the market, with a market share of around 56% in 2023. Paperboard boxes are paper-based materials. Their thickness lies between standard paper thickness and corrugated carboard box thickness. It offers a great balance between strength and weight, enabling lightweight packaging without comprising durability. Paperboard boxes find applications across industries from pharmaceuticals to cosmetics to consumer goods. All these industries also prefer paperboard boxes for its excellent printability. Additionally, it is known to be more cost-effective. It is also more environmentally friendly as it is made from recycled materials, thereby contributing to the circular economy. It leaves a lesser carbon footprint than corrugated cardboard boxes, making it popular in a climate-conscious world.
The grade segment is divided into virgin and recycled. The virgin segment dominated the market, with a market share of around 55% in 2023 virgin grade is the new packaging that is fresh. It is made from wood fibres. It is known to have high strength and purity compared to recycled grade which is made from the waste generated in the market. virgin grade offers superior properties like better durability, printability, and reliability. They are preferred over recycled grade as they offer a premium and more aesthetic look than recycled grade boxboard packaging which is vital to industries as it facilitates sales through branding, imaging and branding of products. furthermore, virgin grade is preferred as it enables producers to comply with stringent regulatory standards when it comes to food safety.
The end user segment is divided into food and beverages, pharmaceuticals, cosmetics and personal care, electronics, and others. The food and beverages segment dominated the market, with a market share of around 38% in 2023. Food and beverages are products that are perishable and fragile and require a robust packaging. Boxboard packaging is ideal for these products as it protects the food products from light, moisture, temperature fluctuations, and outside contaminants. These factors spoil the products during storage, transportation and distribution. Boxboard packaging ensures that the products remain unbroken, uncontaminated, do not spill while keeping its contents and quality intact. Furthermore, the boxboard packaging offers exceptional printable surface which facilitates printing of mandated instructions and information along with branding and other details in a clear and visible manner. Additionally, boxboard packaging is also flexible making it versatile for a number of shapes and sizes to accommodate all kinds of products. the life-cycle of food-products is the shortest. They are also used up more frequently which facilitates a higher rate of purchase for these products making way for increased demand for boxboard packaging. Boxboard packaging enables producers to accommodate their sustainability goals without comprising packaging quality.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2023 | USD 90 Billion |
| Market size value in 2033 | USD 161.17 Billion |
| CAGR (2024 to 2033) | 6% |
| Historical data | 2020-2022 |
| Base Year | 2023 |
| Forecast | 2024-2033 |
| Region | The regions analysed for the market are Asia Pacific, Europe, South America, North America, and Middle East and Africa. Furthermore, the regions are further analysed at the country level. |
| Segments | Type, Grade, and End User |
As per The Brainy Insights, the size of the global boxboard packaging market was valued at USD 90 billion in 2023 to USD 161.17 billion by 2033.
Global boxboard packaging market is growing at a CAGR of 6% during the forecast period 2024-2033.
The market's growth will be influenced by the rapid e-commerce growth.
Quality concerns of boxboard packaging could hamper the market growth.
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global boxboard packaging market based on below mentioned segments:
Global Boxboard Packaging Market by Type:
Global Boxboard Packaging Market by Grade:
Global Boxboard Packaging Market by End User:
Global Boxboard Packaging Market by Region:
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