Global Paperboard Packaging Market Size
Paperboard Packaging Market Trends Global Industry Analysis, Top Manufacturers, Share, Growth, Statistics, Opportunities & Forecast to 2024
The report is a comprehensive exploration of global Paperboard Packaging market offering growth rates, size of the industry, competitive landscape information, factors to the contributing growth of the global Paperboard Packaging market and more.
Corporate lifestyle of people and odd working hours result in home delivering and on-the-go eating habits. These factors are boosting the packaged food industry in the emerging countries. Rising number of working women in these countries is also one of the factors driving the packaged food industry in these regions. China is one of the leading packaged food manufacturers with huge bakery, processed food, sauces, dressings, and baby food production. In 2016, China packaged food market was valued over USD 275 billion and is poised to grow at a significant rate in the forecast period. Increasing consumption of such packaged food & beverages by consumers in the emerging countries due to rapidly changing lifestyles will positively influence the paperboard packaging industry in coming years. Paperboard Packaging Market size will likely surpass USD 240 billion by 2024; according to a new research report.
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Plastic, metal, and glass packaging are a few factors that may affect paperboard packaging market in coming years. Plastic is a widely used substitute product used for packaging purposes. The abundant availability of paper and paperboard material for packaging purposes and safety regulations pertaining to plastic usage however results in a traditional use of paperboard packaging all over the world.
Paperboard packaging market is classified based on raw materials as recycled waste paper and fresh (virgin) sources. Used and collected waste paper is recycled and added with fresh fiber for strengthening properties as recycled paper has the tendency of losing strength when reused. Impurities in recycled paper, and inferior quality are the main reasons they are not used in the packaging of food & beverages owing to the food safety standards and norms. Fresh sources majorly include wood pulp as raw materials, which account to almost 90%, while other raw materials are sugarcane bagasse, straw, hemp, cotton, etc.
Considering products, the paperboard packaging market is bifurcated into containerboard and boxboard. The manufacturing process of containerboard is done on modified paper machines as they have the ability to handle superior grammages. The segment will grow at an exponential CAGR of over 8.5% from 2017 to 2024.
Boxboard segment is additionally bifurcated as white lined chipboards, solid bleached boards, solid unbleached boards and folding boxboards. The white lined chipboard segment will surpass USD 30 billion by 2024.
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Considering application, paperboard packaging market is segmented into medical, non-durable goods, durable goods, food & beverages and others. The others segment includes machineries and industrial goods. Development in food & beverage industry, and increasing packed food consumption will positively influence the paperboard packaging market. It is one of the fastest growing segment and will exhibit growth with CAGR of over 8% in the forecast spell.
Paperboard packaging market is classified on the basis of region where Asia Pacific held a significant share in 2016 and is set to surpass USD 175 billion by the end of the forecast period. Rising industrial activities and developing cosmetic, electronic and food & beverages industry is set to fuel the regional paperboard packaging market demand. Europe market will exhibit growth at a decent rate in the predicted period due to the developed market in this region paired with the supportive governmental norms.
Key players present in the paperboard packaging market are Badger Paperboard, Southern Champion Tray, Outlook Group LLC, Svenska Cellulosa Aktiebolaget (SCA), Smurfit Kappa Group, Shandong Bohui Paper, South African Pulp & Paper Industries Limited (Sappi Limited), Stora Enso Oyj, Rock-Tenn Company, Oji Holding Corporation, Metsa Group, International Paper Company, ITC Limited, Mondi, Nippon Paper Industries, and others.
Paperboard packaging market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2013 to 2024, for the following segments:
Paperboard Packaging Market by Raw Material
- Fresh (virgin) sources
- Wood pulp
- Recycles waste paper
Paperboard Packaging Market by Product
- Folding boxboard (FBB)
- Solid unbleached board (SUB)
- Solid bleached board (SBB)
- White lined chipboard (WLC)
Paperboard Packaging Market by Application
- Food & beverages
- Non-durable goods
- Durable goods
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Paperboard Packaging Industry Insights
Chapter 4. Paperboard Packaging Market, By Raw Material
Chapter 5. Paperboard Packaging Market, By Product
Chapter 6. Paperboard Packaging Market, By Application
Chapter 7. Paperboard Packaging Market, By Region
Chapter 8. Company Profiles
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