Press release
Global Paperboard Packaging Market will witness a rapid growth to 2024 | Key Players are Mondi Group, ITC Limited, International Paper, Metsä Group, Rock-Tenn Company, Smurfit Kappa
Paperboard Packaging Market
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.
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Paperboard Packaging Market size will likely surpass USD 240 billion by 2024. 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.
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.
- Paperboard Packaging Market by Raw Material
• Fresh (virgin) sources
• Wood pulp
• Others
• Recycles waste paper
- Paperboard Packaging Market by Product
• Boxboard
• Folding boxboard (FBB)
• Solid unbleached board (SUB)
• Solid bleached board (SBB)
• White lined chipboard (WLC)
• Containerboard
- Paperboard Packaging Market by Application
• Food & beverages
• Non-durable goods
• Durable goods
• Medical
• Others
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China is one of the leading packaged food manufacturer 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 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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Nippon Paper Industries Co., Ltd.
2. Mondi plc
3. ITC Limited
4. International Paper Company
5. Metsa Group
6. Oji Holding Corporation
7. Rock-Tenn Company
8. Stora Enso Oyj
9. South African Pulp & Paper Industries Limited (Sappi Limited)
10. Shandong Bohui Paper Co. Ltd.
11. Smurfit Kappa Group plc
12. Svenska Cellulosa Aktiebolaget (SCA)
13. Outlook Group LLC
14. Southern Champion Tray
15. Badger Paperboard, Inc.
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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.
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