News:According to a report on the European carton and cardboard packaging market status released by the German consulting company B + P Consultants, folding boxes account for 48% of the cardboard packaging market. The growth of the beverage carton packaging market is the most active, and is expected to grow at a rate of 1.6% per year in the next few years.
In the paper packaging market, 80% of the uses are mainly for food packaging and tobacco packaging. Among them, food occupies the largest market with a 50% share, followed by tobacco packaging market which occupies 32%. In terms of annual growth rate, food grew steadily with a growth rate of 1.8%, while tobacco fell by 1.7%.
In terms of the global market, at present, the largest international market is the Asian market, which will grow at an annual rate of 1.8%. In recent years, the cardboard packaging market in the Middle East and North African countries has been the most active.
In the European market, due to the slowdown in market orders in 2022, rising energy-driven prices, and the impact of inflation, producers are facing increased costs. However, as prices began to climb in September, some producers remained optimistic about the market.
B + P Consultants expects that in the next few years, the European paperboard packaging market will grow by an average of 0.6%, of which the largest growth will come from Denmark, which is growing at a rate of 2.8% per year.
