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Paperboard Packaging Market-Segmented By Grade (Coated Unbleached ‘Kraft’ Paperboard, Label Paper, White Line Chipboard (WLC), Folding Boxboard (FBB), Solid Bleached Sulfate (SBS), and Others), by Product Type (Corrugated Box, Boxboard, and Flexible Paper Packaging), By Application (Food &Beverages, Healthcare, Personal Care, Electronics, Home Care, and Others) and Region-(North America, Europe, Asia Pacific, Latin America, Middle east and Africa) - Industry Forecast of (2023 to 2028)

Published: March, 2023
ID: 10974
Pages: 175
Formats: report pdf report excel report power bi report ppt

Paperboard Packaging Market Size (2023-2028):

The paperboard packaging market was at 142.3 billion dollars in 2023 and will grow at a CAGR of 3.5% between 2023 and 2028.

Paperboard is a thick paper-based material used in packaging applications. The boxes are recycled in large quantities to reduce deforestation and waste. They are mainly used in food and beverage packaging, medical packaging, durable goods, non-durable goods, industrial packaging, and cosmetics. Carton packs are used to provide packaging solutions, primarily for consumer products. The demand for paper and paperboard packaging solutions is increasing in a specific set of application areas, while the demand for paperboard packaging has seen stagnant growth. Paper and paperboard packaging solutions have wide applications in various vertical industries, from healthcare to the food and beverage industry and personal care to home care. In addition, paper and paperboard are also used to make packaging labels, boxes, cartons, and paperboard boxes. The increase in the consumption of packaged food, the growing demand for food industry packaging, and the favorable trends associated with the sustainable packaging industry will support income generation in the global paperboard packaging market in the future.

Paperboard Packaging Market Trends:

Paperboard packages are the preferred choice for the packaged food industry. Paperboard is generally coated with polymers or plastics to maintain hygiene and keep it intact. It helps to reduce the overall weight of the final product compared to glass and metal while keeping the food product unchanged by maintaining freshness. The odor and flavor neutrality of paperboard makes it an ideal choice as a packaging material.

Paperboard Packaging Market Drivers:

Consumers around the world are increasingly aware of the environmental issues associated with packaging and are turning to eco-friendly products. Consumers, the government, and the media are pressuring manufacturing companies to make their products, packaging, and operations sustainable. People are willing to pay more for sustainable packaging options. These trends will drive the growth of the paperboard packaging market. Paperboard packaging can be replaced by plastic, metal, and glass packaging. Paperboard has been the traditional choice for packaging due to its superior performance and ease of availability. Additionally, plastic-based packaging products are subject to strict regulations around the world due to their non-biodegradability. Single-use plastic is increasingly banned in all countries, which is largely replaced by paper-based packaging due to its durable nature.

Furthermore, growing consumer awareness of sustainability and growing demand for environmentally friendly packaging by end-use industries are expected to drive the global paperboard packaging market in the coming years. Paperboard packaging solution companies are expanding their offering of commodity consulting services to end users to choose the most efficient packaging solution based on consumer needs. The need for such a strategy is largely due to the stagnant growth of the traditional paper and board manufacturing industry. The growing demand for cost-effective cartons for food and beverages also plays a role in the demand for paperboard packaging.

Paperboard Packaging Market Restraints:

With changing trends in the packaging industry, buyers of packaging materials are turning to plastics. This is likely to limit the expansion of the global paperboard packaging market.

Opportunities in the Paperboard Packaging Market:

The highly competitive environment is expected to create opportunities for future market growth. Additionally, favorable trends associated with the cosmetic and medical industries will drive carton market sales in this region. The emergence of the e-commerce industry has also played a central role in the expansion of the paperboard packaging market. E-commerce companies mainly use corrugated paperboard packaging for secondary and tertiary packaging due to its lightweight and low cost. Additionally, growing plastics-related sustainability issues are forcing e-commerce companies to replace flexible plastic packaging with paper packaging, which in turn is supposed to boost the growth of the paperboard packaging market. The global packaged food industry has seen substantial growth in recent years due to increased disposable income and the expansion of the retail network. Therefore, the growing packaged food industry is likely to have a positive impact on the market demand for paperboard packaging during the outlook period.

Challenges in the Paperboard Packaging Market:

Plastics are very durable and can withstand harsh logistics and transportation conditions. Additionally, plastics have excellent visual appeal and superior moisture and air barrier properties. The increasing popularity of plastics poses serious threats to the growth of the paperboard packaging market in the future.

PAPERBOARD PACKAGING MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2023–2028

Base Year

2022

Forecast Period

2023-2028

CAGR

3.5%

Segments Covered

  • By Grade
  • By Product Type
  • By Application

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: United States, Mexico, Canada
  • Europe: United Kingdom, Germany, Italy, France
  • Asia Pacific: Australia, Canada, China
  • Latin America: Argentina, Brazil, Chile
  • The Middle East and Africa: Egypt, Iran, Iraq, Israel

 

 

Market Leaders Profiled

  • Nippon Paper Industries Co. Ltd.
  • Stora Enso
  • South African Pulp & Paper Industries
  • Mondi Plc
  • ITC Limited
  • Smurfit Kappa Group
  • Oji Holding Corporation
  • International Paper Group
  • Svenska Cellulosa Aktiebolaget

Paperboard Packaging Market

Paperboard Packaging Market Segmentation:

By Grade:

  • Coated Unbleached ‘Kraft’ Paperboard

  • Label Paper

  • White Line Chipboard (WLC)

  • Folding Boxboard (FBB)

  • Solid Bleached Sulfate (SBS)

  • Others

Unbleached coated kraft paperboard accounted for the largest share in 2018 due to its widespread incorporation into the manufacture of paper bags.

By Product Type:

  • Corrugated Box
  • Boxboard
  • Flexible Paper Packaging

Flexible paper bags are increasingly being used to replace single-use plastic bags. Additionally, low cost and excellent printability are key factors attributed to the higher segment share in 2018.

By Application:

  • Food & Beverages

  • Healthcare

  • Personal Care

  • Electronics

  • Home Care

  • Others

Among these, food and beverage segments accounted for the majority of the global market due to the wide adoption of paper-based packaging products by food manufacturers. In addition, the increase in the introduction of various packaged food products together with the increasing preference of consumers for these products due to increasingly busy lifestyles is foreseen to drive the growth of the paper and paperboard packaging market during the conjecture period.

Paperboard Packaging Market Regional Analysis:

The Paperboard Packaging Market Report includes the segmentation of Regions:

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

Regionally, the Asia-Pacific region is expected to grow at the fastest CAGR during the forecast period. Factors such as population expansion, rising middle-class population, and increased penetration of retail networks are contributing to the steady growth of various end-use industries, which in turn fuel demand for paper and paperboard packaging in the region. Europe is also expected to grow at a considerable CAGR in the paperboard packaging market in the coming years. The European Union aims to ban single-use plastic by 2021. Furthermore, awareness of sustainability among European consumers is considerably high compared to other countries. These factors mainly increase market growth in Europe.

Impact of COVID-19 on the Paperboard Packaging Market:

Before COVID-19, companies were making rapid progress toward their sustainability goals. Nevertheless, the coronavirus pandemic has badly impacted a multitude of businesses across the globe, mainly the packaging business. Packaging companies offered innovative technologies that were environmentally friendly, reusable, and biodegradable. But concerns about the health and safety of reusable packaging have temporarily halted the packaging industry's progress toward a sustainable, circular supply chain. Specific areas of the packaging industry that have been affected include the rise of digital printing, consumer preferences, e-commerce, new or growing consumer health and safety concerns, redefined sustainability, and the rise of single plastics use and lifting of prohibitions. In the wake of the pandemic, packaging companies will need to rebalance sustainability goals that incorporate better hygiene, standardize e-commerce, and factor in the cost of products.

Recent Developments in the Paperboard Packaging Market:

  • Coca-Cola launches a recyclable paperboard packaging solution. Coca-Cola European Partners (CCEP) announced the launch of CanCollar, a 100% recyclable multipack paperboard packaging solution that replaces the current hi-cône solution.
  • Launch of a new sustainable line of kraft paper packaging. Fischer Paper Products will launch its TruKraft line, a new line of sustainable products, in June.

Paperboard Packaging Market Key Players:

The key players in the paperboard packaging market include

  • Nippon Paper Industries Co. Ltd.
  • Stora Enso
  • South African Pulp & Paper Industries
  • Mondi Plc
  • ITC Limited
  • Smurfit Kappa Group
  • Oji Holding Corporation
  • International Paper Group
  • Svenska Cellulosa Aktiebolaget

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