Top Countries Dominating the Consumer Board Market Identified by Beige Market Intelligence

China is the largest manufacturer of consumer board with a 64% market share in APAC. India is soon gaining ground to be a key paper and paperboard consuming country. The US is the second largest producer and consumer of pulp and paper products

A recently released report “Global Consumer Board Market – Strategic Assessment and Forecast till 2021” includes the consumer board market analysis of different regions such as North America, APAC, Latin America, Europe and MEA. The report gives a detailed analysis and growth forecast of the consumer board market in different key countries.

Consumer Board Market – Geographical Analysis

APAC has emerged as a hub for pulp production. Several of the leading paperboard manufacturers across the world also set up their manufacturing locations in APAC. While the developed markets in Europe and North America are unable to keep pace with the growth of emerging markets in APAC, these markets are growing both in consumption size and purchasing power.

Consumer Board Market in China

China is the largest manufacturer of consumer board with a 64% market share in APAC. China is also the largest consumer of consumer board with a 66% market share in APAC. China stands at a nodal point in terms of providing access to key growth markets in Asia and as a result is often the preferred destination for investments for the major packaging manufacturers. Inorganic route remains preferred for companies seeking an entry into the consumer board market or looking to expand their presence for that it gives a ready access to the end-user markets. For instance, International Paper has acquired Chinese company Hop Hing Packaging, which specializes in carton board packaging. Europe’s DS Smith Group has also entered Chinese market with its new venture in Shanghai.

Consumer Board Market in Japan

Japan’s paper and paperboard industry is one of the largest recyclers per capita as well. Nearly 67% of the Japanese pulp is obtained from recycling. They also consume about 79% of the recycled pulp products they produce and export the rest to other countries. The paper and paperboard industry in Japan produces nearly 26.5 million MT and consumes about 27 million MT.

Consumer Board Market in India

India has a supply-demand gap of roughly two million tons in the paper and paperboard industry. India is a country, which relies heavily on alternative packaging materials such as plastic. This is due to the low production cost and high energy output of plastic. However, due to the latest environment awareness, free trade agreements, and recycling programs initiated by the government, India is soon gaining ground to be a key paper and paperboard consuming country.

Consumer Board Market in US

The US was the second largest producer and consumer of pulp and paper products with a market share of 19% and 18%, respectively in 2015. Being a developed market, the per capita consumption of paper and paperboard is high at 222 kg/person/year. The US also produces a high amount of recovered pulp from recycled paper and exports almost 41%of it to other countries.
Paperboard is predominantly used in the country for that the geography hosts the world’s largest consumer goods market, wherein the household final consumption expenditure per capita was about US$36,500 in 2015, second only to the UAE.

Consumer Board Market in Canada

The consumer board market in Canada was valued at US$1.93 billion in 2015 and is forecasted to grow to US$2.55 billion in 2021, growing at a CAGR of 4.75%. The report also gives a detailed analysis of the consumer board market in different key countries such as Other APAC countries such as South Korea, Thailand and Taiwan, Europe, Middle East, Africa, Brazil & Mexico.

For More Information, Click here:
http://www.beigemarketintelligence.com/reports/research-report-consumer-and-retail-market/consumer-board-market-strategic-assessment-and-forecast-till-2021/

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This release was published on openPR.