Global Paperboard Packaging Market 2024 - By Size, Share, Price, Growth, Analysis, Outlook And Forecast Report 2033

The new report published by The Business Research Company, titled ""Paperboard Packaging Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the paperboard packaging market size has grown strongly in recent years. It will grow from $204.13 billion in 2023 to $214.41 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The paperboard packaging market size is expected to see strong growth in the next few years. It will grow to $275.43 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.

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Paperboard Packaging Market Thrives On Surging Demand Driven By Increased Consumption Of Packaged Food
The rising consumption of packaged food is expected to propel the growth of the paperboard packaging market going forward. Packaged food is food that is covered to prevent direct contact with the environment, either by permeable or impermeable wrapping. Packaged food usually requires paperboard packaging as it does not harm the food product. Paperboard folding cartons are used to package frozen foods, dry meals, milk products, and a variety of other items. For instance, in September 2022, according to a report published by Zawya, a UAE-based media portal, the anticipated surge in demand for packaged food is projected to witness a 21% increase, reaching 44 million tons by 2026. The consumption of packaged food in specific regions is expected to experience notable growth, with Iraq's consumption projected to increase by 28%, Saudi Arabia's by 22%, and the UAE's by 19%. Therefore, the rising consumption of packaged food is driving the growth of the paperboard packaging market.

Sustainable Technology Advancements In Paperboard Packaging
New product innovations have emerged as the key trend gaining popularity in the paperboard packaging market. The packaging industry is increasingly focusing on integrating smarter technologies into packaging for better safety in different terrains and conditions. For instance, in February 2021, J & J Green Paper, a US-based company that develops novel paper products, introduced JANUS, a green paper technology that treats paper and packaging with environmentally friendly components to minimize chemical by-products while maintaining moisture resistance. It is organic, recyclable, compostable, and repulpable and directly replaces polyethylene glycol (PEG).

The paperboard packaging market covered in this report is segmented -

1) By Type: Corrugated Box, Boxboard, Flexible Paper
2) By Grade: Solid Bleached Sulfate (SBS), Coated unbleached kraft paperboard (CUK), White Lined Chipboard (WLC), Glassine & Greaseproof Paper, Label Paper, Other Grades
3) By Raw Material: Fresh source, Recycled waste paper
4) By End-User Industry: Food, Beverage, Healthcare, Personal Care, Household Care, Electrical Products, Other End-User Industries

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Major companies operating in the paperboard packaging market report are WestRock Company, The International Paper Company, RockTenn Company, Georgia Pacific LLC, Smurfit Kappa Group plc, Amcor Ltd., Oji Holdings Corporation, Stora Enso Oyj, DS Smith plc, Mondi plc, Graphic Packaging International LLC, ITC Limited, Packaging Corporation of America, Sappi Limited, Sonoco Products Company, Rengo Co Ltd., Evergreen Packaging Inc., Huhtamaki Oyj, BillerudKorsnas AB, Shandong Chenming Paper Holdings Limited, Cascades Inc., Lee & Man Paper Manufacturing Limited, KapStone Paper and Packaging Corporation, Wilfried Heinzel AG, Anhui Shanying Paper Industry Co Ltd., Metsa Board Corporation, Svenska Cellulosa Aktiebolaget, Clearwater Paper Corporation, Nippon Paper Industries Co Ltd., Shandong Bohui Paper Industry Co Ltd.

Contents of the report:
1. Executive Summary
2. Paperboard Packaging Market Report Structure
3. Paperboard Packaging Market Trends And Strategies
4. Paperboard Packaging Market - Macro Economic Scenario
5. Paperboard Packaging Market Size And Growth
…..
27. Paperboard Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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