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Paperboard Market By Grade (Solid Bleached Sulfate, Coated Unbleached Kraft Paperboard, Uncoated Recycled Paperboard, Coated Recycled Paperboard), By Application (Graphic Printing, Packaging), By End-user (Food & Beverage, Medical Packaging, Personal & Home Care, Others) - Growth, Share, Opportunities & Competitive Analysis, 2019 -2027

Increase use of paperboard and ban on the use of plastic will spur the market revenue growth.

The global paperboard market accounted for US$ 184.64 Bn in 2018 and is anticipated to grow to US$ 273.19 Bn at a CAGR of 4.5% throughout the forecast period from 2019 to 2027. In 2018, in terms of volume, the market registered sales of 93.15 Mn MT and was anticipated to reach 108.89 Mn MT expanding at a CAGR of 1.8%.

The growth of the global paperboard market is expected to be driven by a combination of factors, including rising environmental concerns, a ban on the use of plastic, recyclability of paper, and increasing awareness for sustainable packaging, among others. Global paper consumption is at unsustainable levels and is steadily increasing, especially in Asia and Africa. This, in turn, is boosting the demand of the paperboard market. Increasing usage of paperboard in packaging globally is boosting the market's demand. There are several different paperboards available and find usage in different industries. Rapid advancements in accessibility and quality of digital printing on paperboard empower and augments agility for food brands, further bolstering the demand of the paperboard market.

Additionally, the growing trend to use recycled paper and paperboard with a worldwide recycling rate of more than 55% is propelling the use of the paperboard. Over the past 50 years, paperboard production and consumption have shifted from North America and Europe to the Asia Pacific. Increasing the use of recycled fiber reduces paperboard production footprint and preserves environmental quality. Thus, proliferating the growth of the paperboard market. Paperboard offers various benefits, including performance and flexibility, consumer appeal, and sustainability. For instance, According to statistics provided by the US EPA (Environmental Protection Agency), paper and paperboard packaging contribute approximately 3/4th of packaging material recovered for recycling in the U.S. which is significantly greater than other packaging materials.

Grade Analysis

Solid bleached sulfate to dominate the market throughout the forecast period.

Based on grade, the paperboard market is classified into solid bleached sulfate, coated unbleached kraft paperboard, uncoated recycled paperboard, and coated recycled paperboard. The solid bleached sulfate segment dominated the global paperboard market, accounting for more than 30% of the market share. This can be associated with its wide usage in various applications, including medical packaging, cosmetic and perfume packaging, aseptic drink packaging, frozen food packaging, milk and juice gable top cartons, and stand-up displays.

In contrast, coated recycled paperboard segment is expected to grow rapidly during the forecast period. These paperboards find applications in soap and laundry detergent packaging, cookie and cracker packaging, paper goods packaging, and cereal box packaging, among others.

End-user Analysis

Food & beverage segment expected to dominate the market during the forecast period

On the basis of end-user, the global paperboard market is further classified into food and beverages, medical packaging, personal & home care, and others (shoe packaging, stationary, etc.). The food and beverage segment dominated the paperboard market and is anticipated to retain its position throughout the forecast period. The segment accounted for more than 40% share in terms of revenue and more than 35% share in terms of volume. The increasing world population, rising food and beverage consumption, and increasing use of packed foods globally is expected to boost the market demand in this segment.

Regional Analysis

Rising environmental concerns to bolster the growth in the Asia Pacific region

In 2018, the Asia Pacific region led the global paperboard market and contributed more than 30% of revenue generated globally and more than 35% in volume terms. This can be associated with rising industrialization, increasing population, and a surge in manufacturing industries in emerging countries such as China and India. As a result, the consumption of paper is slightly declining in the North American region. However, it is significantly rising in the Asia Pacific region and driving the planned expansion of the paper and paperboard industry.

In contrast, the Rest of the world region is anticipated to expand at a significant growth rate. Owing to the ongoing industrialization in the region coupled with the presence of large forest areas in the region, especially in the African region. Thus, bolstering the market growth.

List of Companies Covered:

  • Metsa Group
  • Sappi Limited
  • Caraustar and Cascades Inc.
  • Oji Holdings Corporation
  • Nippon Paper Industries Co. Ltd.
  • International Paper Company
  • ITC Limited
  • Paper Works Industries
  • Shandong Bohui Paper Group Co., Ltd
  • Kappa Group plc.

Key Industry Development:

  • In March 2019, Sappi Limited announced the commercialization of two new packaging products, Proto and Spectro. These products have high-quality print capabilities and consistency.

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027, considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

Segmentation Grade Segment (2017–2027; US$ Bn)

  • Solid Bleached Sulfate
  • Coated Unbleached Kraft Paperboard
  • Uncoated Recycled Paperboard
  • Coated Recycled Paperboard

 Application Segment (2017–2027; US$ Bn)

  • Graphic printing
  • Packaging

 End-user Segment (2017-2027; U.S. Bn)

  • Food & Beverage
  • Medical Packaging
  • Personal & Home Care
  • Others (Shoe Packaging, Stationary, etc.)

 Geography Segment (2017–2027; US$ Bn)

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, Russia, Rest of Europe)
  • Asia Pacific (Japan, China, India, Rest of Asia Pacific)
  • Rest of the World (the Middle East & Africa, Latin America)

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities to understand the paperboard market better. The global report also represents the competitive landscape based on market initiatives and strategies, product portfolio, and business strengths.

Frequently Asked Questions:

The market for Paperboard is expected to reach US$ 273.19 Bn in 2028.

The Paperboard market is expected to see significant CAGR growth over the coming years, at 4.5%.

The report is forcasted from 2019-2027.

The base year of this report is 2021.

Metsa Group, Sappi Limited, Caraustar and Cascades Inc., Oji Holdings Corporation, Nippon Paper Industries Co. Ltd., International Paper Company, ITC Limited, Paper Works Industries are some of the major players in the global market.

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Published Date:  Feb 2020
Category:  Packaging
Report ID:   60185
Report Format:   PDF
Pages:   140
Rating:    4.2 (69)
Delivery Time: 24 Hours to 48 Hours   
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