The solid board market is poised for significant growth, according to the latest industry report. With an estimated Compound Annual Growth Rate (CAGR) of 2.5%, the market is expected to surge from US$ 9.4 billion in 2024 to US$ 12.1 billion by 2034.
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Key trends shaping the future of the solid board industry:
- Advancements in Solid Board Technology: The industry is witnessing continuous advancements, including the implementation of smart folding methods to enhance the handling of solid boards. These innovations are streamlining packaging processes and improving overall efficiency.
- Growing Demand for Eco-Friendly Solutions: Solid board packaging solutions are gaining traction due to their eco-friendly and recyclable nature. The incorporation of printing technology on solid boards is particularly appealing to the food and beverage industry, enhancing packaging aesthetics while maintaining sustainability.
- Logistical Advantages: Solid boards are prized for their lightweight nature, offering logistical advantages to manufacturers. This motivates businesses to adopt solid board packages, optimizing transportation and storage processes.
- eCommerce Industry Driving Packaging Innovation: The expanding eCommerce industry presents significant opportunities for packaging innovation. With online shopping on the rise, quality packaging has become essential for brands to enhance consumer experiences and elevate brand value. Consumer surveys indicate a strong preference for exclusive and premium packaging, driving brands to invest in solid board solutions.
- Emphasis on Brand Differentiation: Printed solid boards are gaining popularity among key players across various industries. Leading brands recognize the value of printed solid boards in differentiating their products and enhancing brand recognition. As a result, printed solid boards are increasingly being chosen as packaging solutions to stand out in competitive markets.
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Solid Board Market By Category
By Material Type:
- Recycled Paper
- Virgin Paper
By Weight:
- Upto 200 GSM
- 201-300 GSM
- 301-500 GSM
- Above 500 GSM
By Application:
- Boxes
- POP Display
- Edge Protectors
- Trays
- Layer Pads
By End Use Industry:
- Electrical & Electronics
- Health care & Pharmaceuticals
- Cosmetics & Personal care
- Food & Beverages
- Confectionery
- Fresh Produce
- Milk & Dairy
- Frozen Food
- Meat & Poultry
- Other Industrial Packaging
- Building & Construction
- Tobacco Packaging