Solid Board Market: An Insight On the Important Factors and Trends
Posted by Shirish Wadaskar on March 9th, 2020
The global solid board market will reach a valuation of US$ 13.2 Bn in 2029, witnessing a steady growth outlook throughout the forecast period (2019 - 2029). As per a new study by Future Market Insights (FMI), the market for solid board is largely influenced by increasing demand for lightweight, space-efficient, and durable packaging formats, for complex logistical operations and the thriving trend of sustainability.
"Solid boards are ideal for packaging frozen food, fresh food, and flowers. The use of solid boards offers a competitive advantage over other packaging formats, as these can improve distribution speed, cut storage cost, and raise packaging efficiency," reveals the FMI report.
Key Research Findings of FMI's Solid Board Market Study
Key Growth Drivers - Solid Board Market
Key Impediments - Solid Board Market
Competition Structure Analysis - Solid Board Market
The competition landscape of solid board market remains moderately fragmented and competitive. The unorganized local players continue to push for collaborations to compete with local players. Key producers are also pushing for compliance with food safety and hygiene standards to meet global demand.
Some of the key players in the solid board market include, but are not limited to Stora Enso, Smurfit Kappa Group, WestRock Company, International Paper, Mugler Masterpack Crimmitschau GmbH, VPK Packaging Group NV, Billerudkorsnas AB, Metsä Board, Holmen Group, and Sappi Ltd.
About the Report
This report offers global, regional, and national level analysis on the latest trends in the industry influencing the solid board market. The study provides actionable insights on the solid board market on the basis of material type (recycled paper and virgin paper), weight (up to 200 GSM, 201 - 300 GSM, 301 - 500 GSM, and above 500 GSM), application (boxes, POP displays, edge protectors, trays, and layer pads), end use industry (food & beverages, healthcare & pharmaceuticals, industrial packaging, cosmetics & personal care, building & construction, electricals & electronics, and tobacco packaging) across 30 countries spanning seven key regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
Mr. Abhishek Budholiya|
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About the AuthorShirish Wadaskar
Joined: December 22nd, 2016
Articles Posted: 1,784
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