The board packaging market is a highly fragmented market, with a large number of small and medium-sized players. The top five players in the market, however, account for a significant share of the total market. These players include Nippon Paper Industries Co. Ltd, Mondi, Metsa Board, WestRock Company, and ITC Limited. The Global Board Packaging Market share of these players is expected to remain relatively stable over the forecast period. However, there is a possibility for new entrants to gain market share, especially in emerging markets. This is due to the increasing demand for board packaging in these markets. Another key driver of the board packaging market is the rising disposable income. As people have more disposable income, they are spending more on luxury goods and services. This is leading to an increase in the demand for high-quality packaging, such as board packaging. The growing e-commerce industry is also a key driver of the board packaging market. E-commerce retailers need packaging solutions that are lightweight and easy to ship. Board packaging is a good fit for e-commerce retailers because it is lightweight and can be easily folded and flattened for shipping.
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