Global Folding Boxboard Market – Overview
Folding boxboard is a packaging material with low density and high stiffness. It is generally made from mechanical pulp. The pulp layer is then sandwiched between a top and a back sheet that is made from chemical pulp. Generally, the top layer of the folding boxboard is bleached and is often coated with pigments.
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Global Folding Boxboard Market – Competitive Landscape
The overall competitive landscape of the global boxboard market is quite fragmented in nature. This fragmentation is due to the increasing presence of several notable players in the global market. It is projected that the competition in the global market is expected to intensify over the course of the forecast period. The companies are expected to resort to several aggressive growth strategies such as mergers, acquisitions, strategic alliances, and partnerships in order to stay ahead of the competitive curve. Some of the key companies operating in the global folding boxboard market are Nippon Paper Industries, Mayr-Melnhof Karton, Mondi Group, Metsa Board Group, ITC Limited, Kotkamills Oy, SAPPI Limited, and Shandong Bohui Paper Industrial Company among others.
Global Folding Boxboard Market – Drivers and Restraints
There are several factor that are projected to help fueling the growth of the global folding boxboard market. One of the key driving factor for the market development has been the growing applications of these folding boxboards. They have wide range of applications such as in packaging of confectionary, graphic packaging, and packaging of frozen, chilled, and other foods. In addition to this, packaging of health and beauty products, cigarette packaging, and pharmaceutical packaging are some of the other important applications of folding boxboards. Increasing demand for these applications from their respective end users that has a direct impact on the overall development of the global market. Furthermore, in recent years, the spending power and disposable income of masses have grown considerably. This too is expected to offer a solid impetus to the overall development of the global market.
However, recent Covid-19 pandemic has had an adverse effect on the overall growth of the global folding boxboard market. With several of the end use application industries currently under lockdown, the market is witness shortage of demand. This is likely to impact the overall growth in the near future of the forecast period. With industrial lockdown expected to reopen in phases, the market will witness a gradual movement towards normalcy.
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Global Folding Boxboard Market – Geographical Outlook
Global market for folding boxboard is segmented in to five key regional segments. These regions are Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. Of these, currently, the global market has been dominated by the regional segment of Asia Pacific. The segment is expected to lead in terms of both value as well as volume in the coming years of the forecast period. The growth of the market is primarily driven by the increasing demand from the emerging economies such as India and China. Moreover, efficient production facilities, increased capacities, and cheap labor are some of the factors that are projected to help the development of the Asia Pacific market in the near future.
Another important factor for the growth of the Asia Pacific market has been the growing population in the region that has improved spending power. In addition to this, in recent years, there have been a growing awareness about environmental concerns and due to which the consumers are inclined towards purchasing eco-friendly packaging solutions. All these factors are projected to contribute towards the development of the Asia Pacific market.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on clear cone bags market segments and geographies.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.