Global Boxboard, Corrugated Containerboard Market to Exceed $131 Billion by 2021
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A new report released by Beige Market Intelligence, London, U.K., titled Global Consumer Board Market Strategic Assessment and Forecast 'till 2021 provides a complete market study of the worldwide consumer board market. The market research report gives an explanatory description about the various segments and includes the detailed market size and forecast for various segments.
The report consists of 162 pages of information segregated in 37 key sections and 108 figures which provides in-depth facts about the global consumer board market.
Boxboard and corrugated container board are the major players in the market and make up for almost 87% of revenues.
Consumer board can be divided into three types depending on its composition, design, and functionality. They are:
- Boxboard—folding boxboard (FBB), solid bleached sulfate board (SBS), solid unbleached board (SUB), white lined chip board (WLC), and food service board (FSB)
- Corrugated container board—corrugated medium, liner
- Others—liquid packaging board (LPB), binder's board, MET-PET board.
The boxboard segment of the global consumer board market is the leader as it has a market share close to 47%.The corrugated board segment follows it.
The corrugated board is the most popular choice for secondary packaging due to its rigidity, strength, lightweight, and sustainability. This market research report consists of the detailed market sizing of the various segments and its sub segments.
Increasing use of consumer board in the food and beverages industry is identified as one of the emerging trends in the growth of global consumer board market.
The global consumer board market is going to witness a huge growth in upcoming years. The analysts at Beige Market Intelligence predicts the global consumer board market to exceed $131 billion in the next five years. The report includes point wise description about the emerging trends, growth driving factors, and impeding challenges expected. The report includes the Porter's Five Force Analysis with explanation.
