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Pulished Date April, 2021
ID: 8859
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Paper & Paperboard Packaging Market Analysis – By Type (flexible paper packaging, boxboard, corrugated box), Grade ( Solid bleached sulfate (SBS), white line chipboard (WLC), vegetable paper, coated unbleached ‘kraft’ paperboard, folding box board (FBB), label paper), Application (Personal care, Food & beverages, Education and Stationery, Healthcare, Construction), Region ((North America (U.S., Canada), Europe (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of EU), Asia Pacific (India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC), Latin America (Brazil, Mexico, Argentina, Chile), Middle East and Africa (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA)) - Global Industry Analysis on Size, Share, Trends, Growth, Forecast | 2021 – 2026

Pulished: April, 2021
ID: 8859
Pages: 100

Paper & Paperboard Packaging Market Size, Share & Growth (2021 - 2026)

The size and share for Paper & Paperboard Packaging Market is projected to grow with a CAGR of 3.5% during the forecast period 2021 - 2026.

Paper and paperboard are made from wood pulp specifically. There is no notable difference between paper and paperboard other than that the size of paperboard compared to paper is thick. Paperboard is paper that is either single or multilayer. Paper and paperboard packaging is an ongoing trend in packaging that is attracting customers because of its successful food and beverage, medical, manufacturing, personal care, and other industries solutions. Changing people's lifestyle plays an important role in increasing the demand for creative and convenient packaging features.

Recent Developments

Key Growth Drivers

Due to rising awareness about the ill-effects for using non-biodegradable materials and increasing concern about the environment, consumers are increasingly opting for eco-friendly packaging solutions, driving the global paper & paperboard packaging market.

Demand for paper and paperboard packaging solutions from various industries such as footwear, electronics, cosmetics, food industries, healthcare, clothing, and others is anticipated to fuel the market growth during the forecast period.

Also, the packaging that is used in education and stationery, freight & carrier, and construction fields coupled with cardboard boxes, cartons, and packaging labels which are made from paper and paperboards are expected to foster the global market boom. Increased focus of many companies on providing better packaging solutions to fit consumer requirements and the increased online shopping & disposal income are other factors that are driving the growth of the global pa-per and paperboard packaging market.

Furthermore, increasing dependence on convenient foods among consumers is a crucial factor driving the growth of the market currently.

Major Challenges

However, the intense competition among the paper and paperboard packaging manufacturers is a crucial restraint in the market. Also, current fragmentation in the industry because of the rising absorption of small and medium scale manufacturers and converters is a significant element playing as a challenge for the global paper and paperboard packaging market growth currently.

Potential Opportunities

During the forecast period, the increasing retail industry, new retail practices, rising retail measures taken to improve in-store and delivery efficiencies will increase the trend of market-ready packaging. Various brands on the paper and paperboard packaging market are implementing smart packaging to improve the quality of the shelf and the visibility of brands. They use advanced grades of highly printable liner boards to allow high visual impact packaging production, thus increasing the value of the paper and paperboard packaging market. The O2O (online to offline) specialized and on-demand delivery market also creates multiple opportunities for the paper and paperboard packaging market.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2018 – 2024

Base Year

2018

Forecast Period

2019 - 2024

Segments Covered

By Type, Grade, Application, Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Amcor Ltd., Cascades Inc., Clearwater Paper Corporation, DS Smith Plc, ITC Ltd, International Paper Company, Metsa Group, Mondi Group, and Nippon Paper Industries Co. Ltd. Other key players influencing the global market are Packaging Corporation of America, RockTenn Company, Sappi Limited, Smurfit Kappa Group plc, Stora Enso Oyj, and Svenska Cellulosa Aktiebolaget.

 

This research report on the Global Paper & Paperboard Packaging Market has been segmented and sub-segmented into the following categories and calculated market size and forecast for each segment until 2024.

Paper & Paperboard Packaging Market - By Type:

  • Flexible Paper Packaging
  • Boxboard
  • Corrugated Box

In the type outlook of the paper & paperboard packaging market, the flexible paper packaging segment has acquired the significant share of the global market revenue owing to the variety of its applications and the ease of usage.

Paper & Paperboard Packaging Market - By Grade:

  • Solid Bleached Sulfate (SBS)
  • White Line Chipboard (WLC)
  • Vegetable Paper
  • Coated Unbleached ‘Kraft’ Paperboard
  • Folding Box Board (FBB)
  • Label Paper

Paper & Paperboard Packaging Market - By Application:

  • Personal Care
  • Food & Beverages
  • Education and Stationery
  • Healthcare
  • Construction
  • Others

In the application segmentation of the target market, food and beverages are the segments that are anticipated to multiply during the forecast period. This is due to the rapid expansion of organized-retail sector as most retail stores using packaging materials not only to preserve food but also to retain the nutritional value of food, and an increasing number of consumers that are buying gro-cery items such as frozen and chilled foods.

Paper & Paperboard Packaging Market – By Region:

  • North America
  • Europe
  • Asia pacific
  • Latin America
  • Middle East & Africa

Asia-Pacific generated the largest share of the market for paper and paperboard packaging in terms of value in the past and is anticipated to lead the global market for paper and paperboard packaging over the forecast period. Growing population, growing disposable incomes, and a change from established markets to purchasing packaged consumerist products, particularly in the food segment, has increased the region's adoption of Paper and Paperboard Packaging market growth. There is a significant rise in the food & beverage and food supply industry in the area.

Some of the Leading Market Players of the Paper & Paperboard Packaging are Amcor Ltd., Cascades Inc., Clearwater Paper Corporation, DS Smith Plc, ITC Ltd, International Paper Company, Metsa Group, Mondi Group, and Nippon Paper Industries Co. Ltd. Other key players influencing the global market are Packaging Corporation of America, RockTenn Company, Sappi Limited, Smurfit Kappa Group plc, Stora Enso Oyj, and Svenska Cellulosa Aktiebolaget.

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  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms by raw materials,by application,along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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