Paper & Paperboard Packaging Market Forecasts to 2028 – Global Analysis By Type (Boxboard, Paperboard and Others), Grade, Pulping Method, Appearance Property, Performance Property, Application and By Geography
According to Stratistics MRC, the Global Paper & Paperboard Packaging Market is accounted for $213.40 billion in 2020 and is expected to reach $327.50 billion by 2028 growing at a CAGR of 5.5% during the forecast period. Recyclability of paper & paperboard, rise in government initiatives to avoid plastic wastes and increase in consumer awareness regarding sustainable packaging material are driving the market growth. However, technological obsolescence and high cost of production are hampering the growth of the market.
Paper & paperboard packaging material constitutes of pulp, that is derived from wood as well as a non-wood source such as bamboos, straw, among many others. Wood pulp is available extensively and is increasingly generated by the recycling of the paper. Sustainable nature and reduced cost of the wood pulp makes paper & paperboard packaging suitable for end-use industries.
Based on the application, the food & beverages segment is going to have lucrative growth during the forecast period owing to the widespread adoption of paper-based packaging products by the food manufacturers. Moreover, rise in introduction of various packaged food products coupled with growing consumer preference for such products owing to an increasingly busy lifestyle is expected to favour the growth.
By geography, Asia Pacific is going to have high growth during the forecast period owing to rise in population, growing penetration of retail networks in the region and steady rise in end use industries.
Some of the key players profiled in the Paper & Paperboard Packaging Market include Amcor Plc, Cascades inc., Clearwater Paper Corporation, DS Smith, Grigeo, Gulf Carton Factory Company, International Paper Co, Lsquare Eco-Products Pvt. Ltd., Mondi Group, Premier Packaging Products, Safe Corrugated Containers Pvt. Ltd., Sealed Air Corp, Sonoco Products Co, WestRock Co. and Yoj Pack Kraft.
Estimated Market Size in 2020:
USD 213.40 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 327.50 billion
Tables, Graphs & Figures
Type, Grade, Pulping Method, Appearance Property, Performance Property, Application and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Container Board
• Corrugated Box
• Flexible Paper Packaging
• Kraft Paperboard
• Coated Unbleached Kraft Paperboard (CUK)
• Folding Box Board (FBB)
• Glassine & Greaseproof Paper
• Label Paper
• Solid Bleached Sulfate (SBS)
• White Line Chipboard (WLC)
• Other Grades
Pulping Methods Covered:
• Chemical Pulping
• Mechanical Pulping
• Combined Process
Appearance Properties Covered:
• Ink & Varnish Absorption & Drying
• Printability & Varnish Ability
• Rub Resistance
• Surface Cleanliness
• Surface Ph
• Surface Smoothness
• Surface Strength
• Surface Structure
• Surface Tension
Performance Properties Covered:
• Basis Weight
• Burst Stress
• Moisture Content
• Stretch (Or) Elongation
• Tearing Stress
• Tensile Strength
• Consumer Durables
• Food & Beverages
• Personal & Homecare
• Transportation & Logistics
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Paper & Paperboard Packaging Market is majorly driven by recyclability of paper & paperboard, rise in government initiatives to avoid plastic wastes and increase in consumer awareness regarding sustainable packaging material.
The food & beverages segment is growing at a highest CAGR owing to rising demand of the convenience food in developing nations globally.
North America dominated with a significant market share due to the factors such as establishment of major manufacturers in the region and growing demand from end use industries.
Asia Pacific market is growing at a highest CAGR owing to the owing to rise in population, growing penetration of retail networks in the region and steady rise in end use industries.
Key players in Paper & Paperboard Packaging Market include Amcor Plc, Cascades inc., Clearwater Paper Corporation, DS Smith, Grigeo, Gulf Carton Factory Company, International Paper Co, Lsquare Eco-Products Pvt. Ltd., Mondi Group, Premier Packaging Products, Safe Corrugated Containers Pvt. Ltd., Sealed Air Corp, Sonoco Products Co, WestRock Co. and Yoj Pack Kraft.
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