Future Market Insights
The global chipboard box market is likely to grow at a fast pace across the globe owing to the augmented demand for consumer and food products. The global chipboard box market is also gaining traction due to the ease of availability of raw material such as wood and paper.
Chipboard refers to a white-lined paperboard, which is primarily made from the stock of reclaimed paper. Since the very beginning of production of folding carton, the term “chipboard boxes” is meant to differentiate between a consumer box put on a shelf from the corrugated shipping container. Chipboard is also known as paperboard.
Chipboard box is similar to any other type of custom carton, it is a box that is utilized for a consumer product, especially either for a food or a pharma product.
Unlike corrugated packaging materials, chipboard box is not used for industrial and shipping purposes. When opting for lighter-weight chipboard, it is more suitable for display, retail, and point of purchase applications. Following are the few reasons:
Global chipboard box market is likely to witness growth with the expansion of online sales, supermarket and hypermarket sales as well.
Chipboard Boxes Market- Market Overview:
Chipboard boxes have become an important aspect of modern life due to the increased demand for food and consumer products. The need for these products is rising due to their ease of availability of raw material such as paper and wood. The market for chipboard boxes is gaining traction as the chipboard boxes made from a thin, stiff sheet material made from waste paper. These boxes can be in one piece or can be in the multi-piece. Adding to this, often these chipboard boxes with fold over lid and have a pye-lock. Furthermore, chipboard boxes are used for shipping, protecting, storing or displaying of goods. The chipboard boxes support the temporary, semi-permanent & seasonal display. These boxes act as a value addition for the product which would improve the shelf life as well as helps in achieving storage space and freight. The chipboard boxes are recyclable, customizable, cost-efficient and environment-friendly.
Chipboard Boxes Market- Market Segmentation:
Global chipboard boxes market is segmented by product type, material type, and end user. By content type, chipboard boxes market can be segmented in paper and wood, wherein the paper accounts for the largest share of the overall market of chipboard boxes because it acts as a primary raw material for the chipboard boxes. The chipboard boxes may be segmented by the product type such as shoulder type box with inner boxing, matchbox type, cover hinge on lower box, portable handle box. By end user, chipboard boxes market may be segmented into food, pharmaceutical, cosmetics and personal care, home care and others. Food and pharmaceutical industry is expected to maintain the highest market share in chipboard boxes market due to its broad adoption in shipping, protecting, and storing of products.
Chipboard Boxes Market- Market Dynamics:
One of the significant factors contributing towards the growth of the chipboard boxes market and is expected to grow over the forecast period 2017-2025. Moreover, chipboard boxes are considered as a modern retail packaging solution and are expected to grow along with the growth of hypermarket, supermarket, and online retail sales. One of the primary reasons for the increase of chipboard boxes market is the increasing awareness towards environmental sustainability and cost effective characteristics of chipboard boxes. Apart from this, the growing disposable income among the middle-class income group is expected to drive the growth of the chipboard boxes market. However, the restraining factor towards the growth of the chipboard boxes market is the increasing preferences for plastic bags and sacks. Moreover, manufacturers of plastic bags are increasing their investment to innovate their product with the prime focus on environmental issues and consumer convenience, which is expected to obstruct the growth of the chipboard boxes. Furthermore, another factor that is fold-over to hinder the growth of the chipboard market is the bio hazard as the raw material used in the manufacturing process of the chipboard boxes are papers or the compressed wood.
Chipboard Boxes Market - Regional Outlook:
Geographically, the global chipboard boxes market may be segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and Middle-East & Africa. The global chipboard boxes market may expect to have steady CAGR over the forecast period of 2017-2025. Moreover, North America is supposed to be the largest chipboard boxes market regarding chipboard boxes manufacturers, due to the rising the rate of ready packed food. Apart from this, the great evolution of the retail, medical and retail sector in the growing countries such as U.S., UK & Canada is expected to boost further the sales of the chipboard boxes market in North America by the forecast period of 2017-2025.
Chipboard Boxes Market- Key Players:
Few of the key players recognized across the world are RTS packaging, CANADIAN PAPER PACKAGING, Marion Paperbox, Multicell packaging, rpc_ packaging, All packaging services, Media manufacturing & custom packaging, REID Packaging, CANPACO PACKAGING, Imperial Printing & Paper Box manufacturers limited, etc.
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