Transparency Market Research’s new research report on the global paperboard packaging market presents a professional in-depth analysis of the said market for the 2014-2020 period. The report, titled “Paperboard Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” states that the global paperboard packaging market will rise at a CAGR of 7.8% from 2014 to 2020. This will result in the market reaching a valuation of US$181.8 bn by 2020, increasing from US$108.1 bn in 2013.
Paperboard, as the name suggests, is a paper-based material, but it is generally thicker than paper. It is considered to be renewable and recyclable, as it is sourced from recycled paperboard and managed tree farms. Other attributes of paperboard are its light weight and durability, which make it ideal for packaging needs. Moreover, it is available in several grades, each possessing unique characteristics to serve varied packaging needs.
According to the report, the steadfast demand for sustainable packaging solutions, combined with the ever-increasing demand for paperboard packaging from the cosmetics industry, is primarily driving the global paperboard packaging market. The rapid expansion of the food industry, which includes a host of ready-to-eat foods, meats, seafood, etc. is contributing to the growth of this industry. However, the availability of several substitute products such as plastics that are at par with paperboard for packaging needs limits the growth of this market to some extent.
In the coming years, the BRICS nations will offer tremendous growth opportunities for the global paperboard packaging market. This is mainly due to the flourishing e-commerce industry, which caters to the large middle-class population in these nations.
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The report studies the global paperboard packaging market on the basis of product, application, and geography. By product, boxboards and container boards are the segments of this market. In 2013, the containerboard segment registered the larger market share in the global market. This product segment will display a faster growth rate compared to boxboards during the forecast period.
Boxboards are subdivided into solid bleached boards, folding boxboards, solid unbleached boards, and white lined chipboards. Of all, the white lined chipboard segment registered the highest volume share in the global market in 2013. However, folding boxboards will emerge as the fastest growing segment of the overall market during the forecast period.
On the basis of application, food and beverages, durable goods, non-durable goods, medical, and other industries (machinery, industrial goods, etc.) are the segments of the market. The food and beverages segment dominated the market in 2013, accounting for a 40% volume share in the market. This application segment is expected to retain its dominant position during the forecast period. The non-durable goods application segment is expected to be the second largest segment of the overall market in the future.
Top companies that operate in the global paperboard packaging market are International Paper Company, Sappi Limited, Svenska Cellulosa Aktiebolaget, Rock-Tenn Company, Mondi plc, Smurfit Kappa Group plc, and Nippon Paper Industries Co. Ltd., among others.
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