Paperboard Packaging Market Growth Analysis by Segments & Regional Forecast during 2019 – 2024, Leading Companies: Smurfit Kappa, STORA ENSO, WestRock, Metsa

Paperboard Packaging Market in Asia Pacific held a substantial share in the market and is likely to cross USD 170 billion over the forecast timeframe. This region will experience high gains owing to growing income level and demand from food & beverage industry. North America is the second ranking region, which accounted for a substantial share of the industry in 2016. Europe will grow at a slower pace due to unfavorable regulations on paper recycling.

Growing packaging market in emerging economies is likely to boost paperboard packaging industry in forecast period. It is extensively used in food, medicine, clothing, footwear, and cosmetics wrapping applications owing to its lightweight and recyclable properties. Long working hours in growing corporate lifestyle is resulting in increasing doorstep food deliveries and packaged food eating habits which will drive paperboard packaging market demand in forecast period. Moreover, this product is witnessing a significant demand in many countries owing to increasing health and environmental concern from the harmful effects of plastic packing.

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Though plastic based packaging is predicted to become a threat to the product growth, owing to its low cost and durable properties. The demand for plastic covering is increasing because the paperboard packaging properties are not efficient to provide water resisting shield to the packaged products. This factor will decelerate growth of the paperboard packaging market.

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
• 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

The product segment includes boxboard and containerboard. Boxboard category is further divided as solid unbleached board, folding boxboard, white lined chipboard, and solid bleached board. Folding boxboard segment have several applications such as in confectionaries, cigarettes, beauty products, pharmaceuticals, and frozen foods. Its market is likely to grow at CAGR of 8.5% in forecast timeframe.

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The product segment includes boxboard and containerboard. Boxboard category is further divided as solid unbleached board, folding boxboard, white lined chipboard, and solid bleached board. Folding boxboard segment have several applications such as in confectionaries, cigarettes, beauty products, pharmaceuticals, and frozen foods. Its market is likely to grow at CAGR of 8.5% in forecast timeframe.

The applications for this product are segmented into four key segments including food & beverage (F&B), medical, durable goods, nondurable goods and others. Increasing demand from online based retail industry, and food takeaways are predicted to propel the product growth in future. F&B is a major end-user which held a more than one-third share of the global paperboard packaging market. Food and beverage is fastest growing application and is likely to witness growth at a CAGR of 8% in forecast period.

The prominent companies of paperboard packaging market are:

• SCA paper company
• Smurfit Kappa
• Badger Paperboard
• Shandong Bohui Paper
• STORA ENSO
• WestRock
• Oji Holding
• International Paper
• ITC
• Southern Champion Tray
• Mondi
• Nippon
• Metsa

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