Folding Boxboard Market Definition
Folding box boards or FBB are made up of several layers of chemical and mechanical pulp. They are solid, durable, rigid, lightweight, low-cost, and sustainable. There are numerous end uses of the folding box board including frozen and chilled packaged foods, health and beauty products, cigarettes confectionaries, pharmaceuticals, graphical uses, and others. The rising demand from retail, food and beverage, pharmaceutical, cosmetics, electrical and electronics, healthcare, photographic industries, and others are expected to propel the growth of the market in the coming years.
Others factors driving the growth of the market such as rising consumer purchasing power, expansion of the e-commerce platform, increasing number of online food delivery, and increasing demand for sustainable and eco-friendly packaging solutions. Prominent market players are increasingly adopting sustainable materials such as recycled fibers or often made from renewable resources to meet the ongoing consumer inclination towards environmentally friendly products.
The rapid technological innovations are revolutionizing the industry, offering significant growth opportunities to the market. Integration of NFC technology and QR codes facilitates brands to improve customer engagement. The automation in manufacturing processes is reducing waste and boosts efficiency which results in lowering production costs.
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