|10-14-2018 12:09 PM CET - Advertising, Media Consulting, Marketing Research||
Paperboard Packaging Market By Application 2018 Top Players are Rock-Tenn Company, International Paper, Mondi Group, ITC Limited, Metsä Group, Smurfit Kappa, Southern Champion Tray, Stora Enso
Press release from: Global Market Insights,Inc.
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.
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Paperboard Packaging Market size will likely surpass USD 240 billion by 2024; according to a new research report by Global Market Insights, Inc.
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 manufacturer with huge bakery, processed food, sauces, dressings, and baby food production.
Paperboard Packaging Market by Application
• Food & beverages
• Non-durable goods
• Durable goods
Paperboard Packaging Market by Product
• Folding boxboard (FBB)
• Solid unbleached board (SUB)
• Solid bleached board (SBB)
• White lined chipboard (WLC)
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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.
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.
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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.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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