Global Paperboard Packaging Examination & Future Forecast Analyzed till 2024

In order to study the various trends and patterns prevailing in the overall market for Paperboard Packaging, Market Research Reports Search Engine (MRRSE) has included a new report titled “Paperboard Packaging Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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The global paperboard packaging market is predicted to witness a healthy growth over the coming years. According to a recently published report by MRRSE, the leading vendors in this industry are providing high-performance, lightweight packaging boxes and cartons as they are eco-friendly, robust and also help in reducing the overall cost. The market players are expected to face stiff competition on account of a number of small and medium sized companies present in the industry, making it a highly unorganized one.

Leading names operating in the market for paperboard packaging include Smurfit Kappa Group, METSÄ GROUP, Svenska Cellulosa Aktiebolaget (SCA), ITC Limited, and NIPPON PAPER INDUSTRIES CO., LTD., among others. The top six market players are evaluated to hold over sixty percent of the market share cumulatively.

The report predicts that the global paperboard market, which stood at US$122.69 bn in 2015, will reach an estimated value of US$227.47 bn by the end of 2024. Thus, over the forecast period from 2016 to 2024, the market is anticipated to rise at a 7.1% CAGR.

Containerboard Segment to Emerge as Leading Product Segment

In terms of volume, the segment of containerboards led the market for paperboard packaging in 2015. The market for containerboard is evaluated to increment over the coming years attributable to rising applications in emerging regions such as Asia Pacific and Latin America.

Asia Pacific was the biggest market for paperboard packaging in 2015, fuelled by development in the packaged food and personal care industries. Development in the web based business and personal care industry in countries like China, Japan, and India is anticipated to impel the demand for paperboard packaging in region over the mentioned forecast period.

Food, Beverage and Personal Care to Provide Rich Growth Opportunity

The segment of food and beverages offer a plethora of growth opportunities for the paperboard packaging market. Moreover, surge in the health and personal care structures a noteworthy rise in demand for non-durable goods, which is assessed to aid the paper packaging market. Savvy organizations in the market are focusing on production of economical packaging solutions. This ascent in demand for practical packaging is offering an impetus to the growth of the overall industry of paperboard packaging, as paperboard is a perfect choice for economical packaging as opposed to plastics and metal.

Paperboard offers a great printing surface and print quality, which makes it perfect for data bearers and brand manufacturers. Paperboard finds application in packing beauty products, apparels, footwear, and food. Paperboard is a solid, lightweight, smooth, flexible, and practical packaging arrangement .Paperboard packaging is utilized broadly in a number of applications ranging from personal care to health, wellbeing and home care to food and beverage industry. Moreover, this kind of packaging is utilized as a part of segments like e-commerce, stationary, logistics, electrical, hardware and construction, will drive the interest for its utilization. The production does not require skilled labor, and assembling and maintenance for paperboard packaging is low which is expected to increment growth avenues.

The report includes value chain analysis to help understand the industry thoroughly. Value chain analysis comprises detailed evaluation of the roles of various entities involved in the paperboard packaging industry, from raw material suppliers to end-users. Various processes employed in the manufacture of paperboard packaging have been included in the value chain analysis. Porter’s Five Forces model has been employed to determine the degree of competition in the market during the forecast period. Company market share analysis has been included for better understanding of the competitive landscape. Company market share has been derived by considering numerous factors such as sales and revenues, capacities, geographical presence, integration across value chain, and information available through primary research. Furthermore, market attractiveness analysis has been conducted to analyze product segments that are expected to be lucrative during the forecast period. This is based on various factors such as market size, growth rate, profitability, raw material procurement, and competition in each product segment.

Based on product type, the paperboard packaging market has been segmented into boxboard and containerboard. Boxboard includes folding, kraft, and laminated boxboards. Depending on the grade and processing of the boxboard, it can be further sub-segmented into folding boxboard (FBB), solid unbleached boxboard (SUB), solid bleached boxboard (SBB), and white lined chipboard (WLC). The report comprises detailed analysis of all the segments in the regional and global markets and forecast based on current and future trends in the industry in terms of volume (kilo tons) and revenue (US$ Mn). In terms of region, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Demand for paperboard packaging in each of its application segment has been analyzed and forecast for a period of eight years.

The report also comprises profiles of leading companies in the paperboard packaging market. These include International Paper, STORA ENSO, NIPPON PAPER INDUSTRIES CO., LTD., Smurfit Kappa Group, WestRock Company, Mondi, and ITC Limited. Various attributes of these companies such as company overview, business strategies, and recent developments form the core of the company profiles section.

Complete Report details with Tables and Figures @ https://www.mrrse.com/paperboard-market

This report segments the global paperboard packaging market as follows:

Paperboard Packaging Market – Product Analysis
Boxboard
Folding boxboard (FBB)
Solid bleached boxboard (SBB)
Solid unbleached boxboard (SUB)
White line chipboard (WLC)
Containerboard
Paperboard Packaging Market – Application Analysis
Food & beverages
Non-durable goods
Durable goods
Medical
Other (Including industrial goods, machinery, etc.).
Paperboard packaging Market – Regional Analysis
North America
U.S.
Rest of North America
Europe
U.K.
Spain
France
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Rest of Latin America
Middle East & Africa (MEA)
GCC
South Africa
Rest of MEA

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This release was published on openPR.