Board Packaging Market Analysis Development Trends, Industry Growth Opportunities, Regional Demand, and Strategies by 2031 | Paper Company, The Smurfit Kappa Group plc

Market Overview:

Board packaging includes cardboard or corrugated boxes used for protective packaging of various products. It finds wide applications in packaging of food & beverages, healthcare, electronics, industrial goods among others.

Market Dynamics:

Board packaging market is expected to witness significant growth owing to increasing demand from food industry for packaging of goods such as ready-to-eat meals, fresh produce, dairy products etc. Growing urbanization coupled with changing lifestyle and busy schedule have increased the demand for packaged and ready-to-eat food globally. Furthermore, cardboard is one of the most sustainable and eco-friendly packaging material which has prompted many end use industries to adopt board packaging solutions. Additionally, development of innovative technologies by market players to manufacture customized board packaging as per requirement of end users is another factor expected to support market growth over the forecast period.

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Major market players included in this report are:

★ Paper Company
★ The Smurfit Kappa Group plc
★ WestRock Company
★ Cascades Inc.
★ Amcor plc.
★ Graphic Packaging International LLC
★ Stora Enso OYJ
★ All Packaging Company
★ Georgia-Pacific

*Disclaimer: Major Players are sorted in no particular order.

Detailed Segmentation:

On the basis of product type,
✦ Corrugated Board
✦ Paperboard

On the basis of end-use industry,
✦ Food & Beverages
✦ Personal and Household Care
✦ Healthcare
✦ Consumer Goods
✦ Others (Cosmetic, Electronics, etc.)

Regional Analysis:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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✦ Board Packaging Market Drivers:

• Increasing demand for cost-effective and sustainable packaging solutions

The board packaging market is growing due to the increasing demand for cost-effective and sustainable packaging solutions from various end-use industries such as food and beverage, personal care, healthcare, and others. Board packaging offers various advantages over rigid plastic packaging such as lower material and production costs. Moreover, paperboard and corrugated board are recyclable and biodegradable in nature. This enhances their sustainability credentials and drives their adoption. Various companies are focusing on developing innovative board packaging solutions made from recycled content to further strengthen their sustainability.

• Rise in e-commerce and online shopping activities

With the rapid growth of e-commerce and online shopping activities across the globe, the demand for effective packaging for product shipping and delivery has increased tremendously. Board packaging plays a vital role in protecting products from damage during transit. Corrugated board packaging in particular is widely used for shipping and delivery of various products ordered online due to its impressive strength-to-weight ratio and shock absorbing properties. It prevents any damage to products and offers cost-effective protection during transportation and storage. This has significantly boosted the board packaging market.

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✦ Board Packaging Market Restraint:

Fluctuations in the prices of raw materials

The prices of major raw materials used for manufacturing board such as pulp, paper, and paperboard are highly volatile in nature and depend on various supply & demand forces. In the last couple of years, the prices of pulp and paper have fluctuated dramatically due to supply constraints coupled with rising input costs such as labor and chemicals. This affects the overall production costs and profit margins of manufacturers in the board packaging market. The fluctuating prices create an uncertainty and make long term strategic planning difficult for companies. Moreover, high raw material prices are often passed on to end users, which can threaten the competitiveness of board packaging against alternative options. This acts as a key restrain for the steady growth of the board packaging market.

✦ Board Packaging Market Opportunity:

Rising demand from the food industry for protective and tamper-proof packaging

The food industry has been a major consumer of board packaging such as cartons, boxes, trays, and containers. There is tremendous growth potential in this segment as the food industry is constantly evolving. Trends such as ready-to-eat meals, smaller packaging sizes, and globalization of food trade have fueled the need for effective, innovative, and sustainable board packaging solutions. Moreover, consumer awareness about food safety and tampering has increased the demand for tamper-proof and tamper-evident board food packaging. Manufacturers can capitalize on this opportunity by developing advanced board packaging solutions with improved barrier properties, extended shelf-life, tamper-proof features and integrated freshness indicators especially designed for the food industry.

✦ Board Packaging Market Trends:

Growing popularity of sustainable packaging made from recycled content

Sustainability has become one of the biggest trends shaping packaging decisions globally. There is an increasing consumer demand for green packaging made from recycled materials. In response, leading board packaging manufacturers are focusing on developing innovative sustainable solutions utilizing recycled paperboard and corrugated board. For instance, some players offer carton packaging made entirely from recycled content. Others integrate recycled content along with bio-based resins in liners and coatings. Recycled packaging helps reduce environmental footprint and appeals to brand owners looking to strengthen their sustainability credentials. This trend is expected to continue in the coming years and drive the demand for recycled board packaging.

Key Questions

• How much revenue will the global Board Packaging Market generate by the end of the forecast period?

• What regions currently contribute the maximum share to the overall Board Packaging Market?

• What are the indicators expected to drive the global Board Packaging Market?

• Which region is likely to be a lucrative market during the forecast period?

• What are the essential strategies incorporated by key stakeholders in the global Board Packaging Market to expand their geographical presence?

• What are the major advancements witnessed in the global Board Packaging Market?

• This report answers these questions and more about the global Board Packaging Market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Table Of Content

Chapter No. 1 Introduction

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. USP & Key Offerings

1.2. Key Benefits for Stakeholders

1.3. Target Audience

1.4. Report Scope

Chapter No. 2 Executive Summary

2.1. Key Findings

2.1.1. Top Investment Pockets

2.1.1.1. Market Attractiveness Analysis, By Type

2.1.1.2. Market Attractiveness Analysis, By End Use

2.1.1.3. Market Attractiveness Analysis, By Region

2.2. Market Snapshot

2.3. Global Board Packaging Market, 2018 - 2022 (US$ Million)

2.4. Insights from Primary Respondents

Chapter No. 3 COVID-19 Impact Analysis

3.1. Impact Assessment of COVID-19 Pandemic, By Region

3.1.1. North America

3.1.2. Europe

3.1.3. Asia Pacific

3.1.4. Latin America

3.1.5. The Middle East and Africa

Chapter No. 4: Company Profiles

4.1 Company Overview
4.2 Financial elements
4.3 Product Landscape
4.4 SWOT Analysis
4.5 Systematic Outlook

Chapter No. 5: Assumptions and Acronyms

Chapter No. 6: Research Methodology

Chapter No. 7: Contact (Continue . . .)

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