Paperboard Packaging Market Size
The size of the paperboard packaging market was $142.3 billion in 2019, and it will expand at a rate of 3.5% per year from 2020 to 2026. More people are buying packaged food, the packaged food market is growing, and the developments in the sustainable packaging sector are all good for making money.
Paperboard is a thick paper-based material that is used for packaging. Wood pulp is the main ingredient used to make paperboard. A lot of paperboards are recycled to cut down on waste and deforestation. These are mostly used to package food and drinks, medical supplies, long-lasting items, short-lasting goods, industrial goods, and cosmetics.
The packaged food business prefers paperboard packaging. It is used to make a wide range of foods, including soups, spices, dairy products, and more. Most of the time, polymers or plastics are used to coat paperboard to keep it clean and safe. It helps lower the weight of the end product compared to glass and metal, and it also keeps the food product fresh, so it doesn't change. Paperboard is a great alternative for packaging because it doesn't have any smell or taste.
People all across the world are becoming more conscious of the environmental problems that come with packaging and are choosing items that are better for the environment. People, the government, and the media are putting pressure on manufacturing enterprises to make their products, packaging, and processes more environmentally friendly. People are willing to pay more for packaging that is good for the environment. These kinds of trends will help the paperboard packaging market flourish.
You can use plastics, metals, and glass packaging instead of paperboard packaging. People have always used paperboard for packing since it works better and is easier to get. But as trends in the packaging sector change, people who buy packaging materials are moving toward plastics.
| Report Attribute | Details |
|---|---|
| Base Year | 2019 |
| Paperboard Packaging Market Size in 2019 | 142,364.5 Million (USD) |
| Forecast Period | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR | 2.7% |
| 2026 Value Projection | 202,669.8 Million (USD) |
| Historical Data for | 2016 to 2019 |
| No. of Pages | 195 |
| Tables, Charts & Figures | 329 |
| Segments covered | Raw material, Product, Application, and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
Plastics are quite strong and can handle bad conditions when they are being shipped or moved. Also, plastics look great and do a great job of keeping moisture and air out. The growing popularity of plastics is a big threat to the future growth of the paperboard packaging sector.
Paperboard Packaging Market Analysis
In 2019, the recycling part of the paperboard packaging market had more than half of the market. One of the best things about paper and paperboard is that they can be recycled into fiber and utilized to make new paperboard products. Paper recycling provides almost half of the world's fibers for manufacturing paper. Paperboard makers are choosing recycled sources more and more because of worries about deforestation and the loss of forest cover around the world.
The paperboard packaging market segment is predicted to increase quickly over the next few years because of the strong rising trend in paper recycling. When paper is recycled, its quality gets worse with time. To maintain the fiber strength up, a new source needs to be introduced in the right amount.
By 2026, the folding boxboard segment will grow at a rate of more than 3% per year. Folding boxboard is a type of boxboard that can be bent without breaking. It is made up of several layers of mechanical and chemical pulps. Folding boxboards are boards with a low density and a lot of stiffness. You can use these to package beauty goods, frozen foods, and medicines.
Unbleached chemical pulp makes up Solid Unbleached Board (SUB), which is a type of boxboard. It normally comes with two or three layers of pigment on it. You can also utilize recycled fibers instead of unbleached chemical pulp. People usually utilize solid unbleached boards to package things like toys, detergents, beverage carriers, and more.
Solid Bleached Board (SBB) is a virgin grade of boxboard. It is manufactured from bleached chemical pulp and usually has synthetic or mineral coatings. SBB is a medium density boxboard; hence, it can be used for graphical or printed packaging applications. It is primarily used for flavor or aroma-sensitive products such as cosmetics, and cigarettes.
White lined chipboard is manufactured from layers of waste papers and recycled fibers. It is generally available with two to three layers of coatings on both the sides. White lined chipboard contains recycled materials; thus, direct contact with food leads to health issues.
Food & beverages have emerged as the key application segment in paperboard packaging market share, accounting for over 50% share in 2019.The application segment includes packaging of frozen foods, alcoholic and non-alcoholic beverages, candies, dairy products, fast foods, and fresh fruits & vegetables. The strong growth of this segment is attributable to excellent operational characteristics of paperboard packaging. This packaging is safe for food contact, can operate over a wide range of temperatures, and helps in maintaining organoleptic properties for a long period of time.
Asia Pacific paperboard packaging market will generate over USD 65 Billion in 2019. Globalization has led to an increase in trade activities in countries such as China, India, South Korea, and Malaysia over the past few years. Rapid urbanization, strong economic growth, and rising consumption of packaged food products are some of the major factors contributing to the growth of the packaging market in the region.
The highly competitive environment is expected to generate opportunities for the future market growth. Moreover, favorable trends associated with cosmetics and medical sectors will drive the paperboard packaging market sales within this region.
Paperboard Packaging Market Share
The paperboard packaging market participants are trying to increase their market share by strategic partnerships & collaborations, mergers & acquisitions, product differentiation & development and diversification of sales & distribution network. In October 2018, Mondi plc entered the market for ‘Saturating Kraft’ with its recently launched new specialty kraft paper grade Advantage Boost that will be mainly used in laminate applications in the European market. In April 2016, International Paper Company completed the purchase of Weyerhaeuser’s Pulp business for approximately USD 2.2 billion to strengthen its market share.
The key players in paperboard packaging industry include
- Nippon Paper Industries Co., Ltd.
- Stora Enso
- South African Pulp & Paper Industries
- Mondi plc
- ITC Limited
- Smurfit Kappa Group
- Oji Holding Corporation
- International Paper Group
- Svenska Cellulosa Aktiebolaget
The paperboard packaging market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2016 to 2026, for the following segments
By Raw Material
- Fresh source
- Wood pulp
- Others
- Recycled waste paper
By Product
- Boxboard
- Folding boxboard (FBB)
- Solid unbleached board (SUB)
- Solid bleached board (SBB)
- White lined chipboard (WLC)
- Containerboard
By Application
- Food & beverages
- Non-durable goods
- Durable goods
- Medical
- Others
The above information is provided on a regional and country basis for the following
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- LATAM
- Brazil
- Mexico
- MEA
- South Africa
- GCC
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