Paperboard Market

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.

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Grade
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Paperboard Market
2.2. Global Paperboard Market, by Grade, 2018 (US$ Bn) (Mn Metric Ton)
2.3. Global Paperboard Market, by Application, 2018 (US$ Bn) (Mn Metric Ton)
2.4. Global Paperboard Market, by End-user, 2018 (US$ Bn) (Mn Metric Ton)
2.5. Global Paperboard Market, by Geography, 2018 (US$ Bn) (Mn Metric Ton)

3. Market Dynamics
3.1. Introduction
3.1.1. Global Paperboard Market Value, 2017-2027, (US$ Bn) (Mn Metric Ton)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Paperboard Market, by Grade , 2017-2027 (US$ Bn) (Mn Metric Ton)
4.1. Overview
4.2. Solid Bleached Sulfate
4.3. Coated Unbleached Kraft Paperboard
4.4. Uncoated Recycled Paperboard
4.5. Coated Recycled Paperboard

5. Global Paperboard Market, by Application, 2017-2027 (US$ Bn) (Mn Metric Ton)
5.1. Overview
5.2. Graphic Printing
5.3. Packaging

6. Global Paperboard Market, by End-user, 2017-2027 (US$ Bn) (Mn Metric Ton)
6.1. Overview
6.2. Food & Beverage
6.3. Medical Packaging
6.4. Personal & Home Care
6.5. Others (Shoe Packaging, Stationary, etc.)

7. North America Paperboard Market Analysis, 2017-2027 (US$ Bn) (Mn Metric Ton)
7.1. Overview
7.1.1. North America Paperboard Market Value and Growth, 2017-2027, (US$ Bn) (Mn Metric Ton)
7.2. North America Paperboard Market Value, By Grade, 2017-2027 (US$ Bn) (Mn Metric Ton)
7.2.1. Market Analysis
7.3. North America Paperboard Market Value, By Application, 2017-2027 (US$ Bn) (Mn Metric Ton)
7.3.1. Market Analysis
7.4. North America Paperboard Market Value, By End-user, 2017-2027 (US$ Bn) (Mn Metric Ton)
7.4.1. Market Analysis
7.5. North America Paperboard Market Value, By Region/Country, 2017-2027 (US$ Bn) (Mn Metric Ton)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America

8. Europe Paperboard Market Analysis, 2017-2027 (US$ Bn) (Mn Metric Ton)
8.1. Overview
8.1.1. Europe Paperboard Market Value and Growth, 2017-2027, (US$ Bn) (Mn Metric Ton)
8.2. Europe Paperboard Market Value, By Grade, 2017-2027 (US$ Bn) (Mn Metric Ton)
8.2.1. Market Analysis
8.3. Europe Paperboard Market Value, By Application, 2017-2027 (US$ Bn) (Mn Metric Ton)
8.3.1. Market Analysis
8.4. Europe Paperboard Market Value, By End-user, 2017-2027 (US$ Bn) (Mn Metric Ton)
8.4.1. Market Analysis
8.5. Europe Paperboard Market Value, By Region/Country, 2017-2027 (US$ Bn) (Mn Metric Ton)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe

9. Asia Pacific Paperboard Market Analysis, 2017-2027 (US$ Bn) (Mn Metric Ton)
9.1. Overview
9.1.1. Asia Pacific Paperboard Market Value and Growth, 2017-2027, (US$ Bn) (Mn Metric Ton)
9.2. Asia Pacific Paperboard Market Value, By Grade, 2017-2027 (US$ Bn) (Mn Metric Ton)
9.2.1. Market Analysis
9.3. Asia Pacific Paperboard Market Value, By Application, 2017-2027 (US$ Bn) (Mn Metric Ton)
9.3.1. Market Analysis
9.4. Asia Pacific Paperboard Market Value, By End-user, 2017-2027 (US$ Bn) (Mn Metric Ton)
9.4.1. Market Analysis
9.5. Asia Pacific Paperboard Market Value, By Region/Country, 2017-2027 (US$ Bn) (Mn Metric Ton)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific

10. Rest of the World Paperboard Market Analysis, 2017-2027 (US$ Bn) (Mn Metric Ton)
10.1. Overview
10.1.1. Rest of the World Paperboard Market Value and Growth, 2017-2027, (US$ Bn) (Mn Metric Ton)
10.2. Rest of the World Paperboard Market Value, By Grade, 2017-2027 (US$ Bn) (Mn Metric Ton)
10.2.1. Market Analysis
10.3. Rest of the World Paperboard Market Value, By Application, 2017-2027 (US$ Bn) (Mn Metric Ton)
10.3.1. Market Analysis
10.4. Rest of the World Paperboard Market Value, By End-user, 2017-2027 (US$ Bn) (Mn Metric Ton)
10.5. Market Analysis
10.6. Rest of the World Paperboard Market Value, By Region, 2017-2027 (US$ Bn) (Mn Metric Ton)
10.6.1. Market Analysis
10.6.2. Middle East & Africa
10.6.3. Latin America

11. Company Profiles
11.1. Metsa Group
11.2. Sappi Limited
11.3. Caraustar and Cascades Inc.
11.4. Oji Holdings Corporation
11.5. Nippon Paper Industries Co. Ltd.
11.6. International Paper Company
11.7. ITC Limited
11.8. Paper Works Industries
11.9. Shandong Bohui Paper Group Co., Ltd
11.10. Kappa Group plc.

List of Figures

FIG. 1 Global Paperboard Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Paperboard Market Segmentation
FIG. 4 Global Paperboard Market, by Grade, 2018 (US$ Bn) (Mn Metric Ton)
FIG. 5 Global Paperboard Market, by Application, 2018 (US$ Bn) (Mn Metric Ton)
FIG. 6 Global Paperboard Market, by End-user, 2018 (US$ Bn) (Mn Metric Ton)
FIG. 7 Global Paperboard Market, by Geography, 2018 (US$ Bn) (Mn Metric Ton)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Global Market Positioning of Key Paperboard Market Vendors, 2018
FIG. 10 Global Paperboard Market, by Grade, 2017–2027 (US$ Bn) (Mn Metric Ton)
FIG. 11 Global Paperboard Market, by Solid Bleached Sulfate, Value, 2017–2027 (US$ Bn) (Mn Metric Ton)
FIG. 12 Global Paperboard Market, by Coated Unbleached Kraft Paperboard, Value, 2017–2027 (US$ Bn) (Mn Metric Ton)
FIG. 13 Global Paperboard Market, by Uncoated Recycled Paperboard, Value, 2017–2027 (US$ Bn) (Mn Metric Ton)
FIG. 14 Global Paperboard Market, by Coated Recycled Paperboard, Value, 2017–2027 (US$ Bn) (Mn Metric Ton)
FIG. 15 Global Paperboard Market, by Application, 2017–2027 (US$ Bn) (Mn Metric Ton)
FIG. 16 Global Paperboard Market, by Graphic Printing, Value, 2017–2027 (US$ Bn) (Mn Metric Ton)
FIG. 17 Global Paperboard Market, by Packaging, Value, 2017–2027 (US$ Bn) (Mn Metric Ton)
FIG. 18 Global Paperboard Market, by End-user, 2017–2027 (US$ Bn) (Mn Metric Ton)
FIG. 19 Global Paperboard Market, by Food & Beverage, Value, 2017–2027 (US$ Bn) (Mn Metric Ton)
FIG. 20 Global Paperboard Market, by Medical Packaging, Value, 2017–2027 (US$ Bn) (Mn Metric Ton)
FIG. 21 Global Paperboard Market, by Personal & Home Care, Value, 2017–2027 (US$ Bn) (Mn Metric Ton)
FIG. 22 Global Paperboard Market, by Others (Shoe Packaging, Stationary, etc.), Value, 2017–2027 (US$ Bn) (Mn Metric Ton)
FIG. 23 U.S. Paperboard Market, 2017–2027 (US$ Bn) (Mn Metric Ton)
FIG. 24 Rest of North America Paperboard Market, 2017–2027 (US$ Bn) (Mn Metric Ton)
FIG. 25 U.K. Paperboard Market, 2017–2027 (US$ Bn) (Mn Metric Ton)
FIG. 26 Germany Paperboard Market, 2017–2027 (US$ Bn) (Mn Metric Ton)
FIG. 27 France Paperboard Market, 2017–2027 (US$ Bn) (Mn Metric Ton)
FIG. 28 Italy Paperboard Market, 2017–2027 (US$ Bn) (Mn Metric Ton)
FIG. 29 Rest of Europe Paperboard Market, 2017–2027 (US$ Bn) (Mn Metric Ton)
FIG. 30 Japan Paperboard Market, 2017–2027 (US$ Bn) (Mn Metric Ton)
FIG. 31 China Paperboard Market, 2017–2027 (US$ Bn) (Mn Metric Ton)
FIG. 32 India Paperboard Market, 2017–2027 (US$ Bn) (Mn Metric Ton)
FIG. 33 Rest of Asia Pacific Paperboard Market, 2017–2027 (US$ Bn) (Mn Metric Ton)
FIG. 34 Middle East & Africa Paperboard Market, 2017–2027 (US$ Bn) (Mn Metric Ton)
FIG. 35 Latin America Paperboard Market, 2017–2027 (US$ Bn) (Mn Metric Ton)

List of Tables

TABLE 1 Market Snapshot: Global Paperboard Market
TABLE 2 Global Paperboard Market, by Grade, 2017–2027 (US$ Bn) (Mn Metric Ton)
TABLE 3 Global Paperboard Market, by Application, 2017–2027 (US$ Bn) (Mn Metric Ton)
TABLE 4 Global Paperboard Market, by End-user, 2017–2027 (US$ Bn) (Mn Metric Ton)
TABLE 5 Global Paperboard Market, by Geography, 2017–2027 (US$ Bn) (Mn Metric Ton)
TABLE 6 North America Paperboard Market, by Grade, 2017–2027 (US$ Bn) (Mn Metric Ton)
TABLE 7 North America Paperboard Market, by Application, 2017–2027 (US$ Bn) (Mn Metric Ton)
TABLE 8 North America Paperboard Market, by End-user, 2017–2027 (US$ Bn) (Mn Metric Ton)
TABLE 9 North America Paperboard Market, by Country, 2017–2027 (US$ Bn) (Mn Metric Ton)
TABLE 10 Europe Paperboard Market, by Grade, 2017–2027 (US$ Bn) (Mn Metric Ton)
TABLE 11 Europe Paperboard Market, by Application, 2017–2027 (US$ Bn) (Mn Metric Ton)
TABLE 12 Europe Paperboard Market, by End-user, 2017–2027 (US$ Bn) (Mn Metric Ton)
TABLE 13 Europe Paperboard Market, by Country, 2017–2027 (US$ Bn) (Mn Metric Ton)
TABLE 14 Asia Pacific Paperboard Market, by Country/Region, 2017–2027 (US$ Bn) (Mn Metric Ton)
TABLE 15 Asia Pacific Paperboard Market, by Grade, 2017–2027 (US$ Bn) (Mn Metric Ton)
TABLE 16 Asia Pacific Paperboard Market, by Application, 2017–2027 (US$ Bn) (Mn Metric Ton)
TABLE 17 Asia Pacific Paperboard Market, by End-user, 2017–2027 (US$ Bn) (Mn Metric Ton)
TABLE 18 Asia Pacific Paperboard Market, by Country/Region, 2017–2027 (US$ Bn) (Mn Metric Ton)
TABLE 19 RoW Paperboard Market, by Grade, 2017–2027 (US$ Bn) (Mn Metric Ton)
TABLE 20 RoW Paperboard Market, by Application, 2017–2027 (US$ Bn) (Mn Metric Ton)
TABLE 21 RoW Paperboard Market, by End-user, 2017–2027 (US$ Bn) (Mn Metric Ton)
TABLE 22 RoW Paperboard Market, by Country/Region, 2017–2027 (US$ Bn) (Mn Metric Ton)
TABLE 23 Metsa Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 24 Sappi Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 25 Caraustar and Cascades Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 26 Oji Holdings Corporation.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 27 Nippon Paper Industries Co. Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 28 International Paper Company.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 29 ITC Limited.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 30 Paper Works Industries.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 31 Shandong Bohui Paper Group Co., Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 32 Kappa Group Plc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)