Global Paperboard Packaging Market to Expand at 7.8% CAGR from 2014 to 2020: MRRSE

Albany, New York, January 26, 2016: Market Research Reports Search Engine (MRRSE) has recently added a new study, titled “Paperboard Packaging (Boxboard and Containerboard) Market for Food & Beverages, Nondurable Goods, Durable Goods, Medical and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, to its expanding database.

The report presents a 360° view of the global paperboard packaging market for the forecast period, wherein the current and future scenario of the market are also discussed at length. The report examines the various indicators that will influence market growth, which will cumulatively affect the market’s valuation during the forecast horizon.

The global market for paperboard packaging had a valuation of US$108.08 bn in 2013. According to the report’s findings, this market will exhibit a CAGR of 7.8% from 2014 to 2020 to reach a valuation of US$181.81 bn by the end of the forecast period.

Browse Full Global Paperboard Packaging Market Report with TOC: http://www.mrrse.com/paperboard-market

Over the past few decades, the burgeoning food industry has been favorable for the paperboard packaging market to a large degree. In 2013, the food and beverages sector accounted for the largest volume in the global market for paperboard packaging. The sector held a share of more than 40% in the global market in the same year. The food and beverage sector is expected to be the largest application segment of the global market during the forecast period.

The current trend of shopping through online mediums will take the paperboard packaging market to new heights, says the report. In particular, in the BRICS nations, the emerging middle class is the largest benefactor of e-commerce, for reasons of both convenience and suiting their pockets.

In 2013, Asia Pacific was the leading market for paperboard packaging in both revenue and volume. The region held a volume share of 45% in the global market in the year. Regarded as a manufacturing hub across the globe, the region exhibits a very high demand for paperboard packaging for the export of these commodities.

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On the competitive front, the global market for paperboard packaging is moderately consolidated, says the report. To support the fact, in 2013, the top five players accounted for more than 60% of the global market. Multinational companies that operate in this market develop customized paperboard products as per the need of the application. A high degree of integration is prevalent in this industry. Top companies in the paperboard packaging market are International Paper Company, Stora Enso Oyi, Smurfit Kappa Group plc, ITC Limited, Sappi Limited, Oji Holdings Corporation, Nippon Paper Industries Co. Ltd., Metsa Group, and Mondi plc.

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