
Sheets of paper pulp are compacted into a thick substance called paperboard. It's commonly referred to as "cardboard." Paperboards were commonly utilized in the packaging industry by both retailers and manufacturers. Retailers and consumers alike benefit from the packages' ease of opening and closing. It's recyclable and doesn't harm the environment. There are many advantages to using paperboard packaging for both retailers and producers. It is suitable for display on a store shelf and may be stacked and stored efficiently. Paperboard's recyclable, renewable, and sustainable qualities are what really propel the industry forward. And as people become more concerned about the environment, they are more likely to opt for paperboard. In addition, paperboard's high-definition graphics and two-sided print can bolster advertising for brands. As a result, many companies use it for their product packaging.
Paperboards aren't used for shipping big goods because they tear under the mechanical tension of light items. As a result, certain industries that produce bulky goods avoid using paperboard for shipping containers. Since it is made primarily out of wood, rigorous government control about deforestation would also hinder its expansion. Developing countries in the Asia-Pacific area, such as India and China, are becoming more environmentally conscious, which could increase the use of paperboard in food packaging.
Paperboard, which is made of thick paper, is commonly used for packaging. The main ingredient in its construction is wood pulp. In order to reduce deforestation and trash, a large quantity of paperboard is recycled. Common uses include food and drink packaging, medical packaging, packaging for both durable and non-durable goods, industrial packaging, and cosmetics. Due of their non-biodegradability, plastic-based packaging materials are subject to strict laws worldwide. Paper-based packaging, which uses fewer resources to produce, is replacing plastic in many nations that have prohibited single-use plastic. The worldwide paperboard market is anticipated to be driven by the increasing demand for environmentally friendly packaging from end-use industries and the growing awareness of the importance of sustainability among consumers.
Paperboard packaging is popular for food and drink because it is inexpensive, easy to transport, strong and recyclable, and has low reactive potential. Rising disposable income and an expanding retail infrastructure have contributed considerably to the growth of the worldwide packaged food business in recent years. As a result, the demand for paperboard is predicted to rise in the next years thanks to the expansion of the food packaging industry.
In 2021, flexible paper packaging was the most widely used packaging type across all product categories. Flexible paper bags are quickly becoming a popular alternative to plastic grocery bags. In addition, the segment's highest share is helped along by low cost and excellent printability. As of 2021, the food and beverage industry is expected to account for about half of the market share. Applications range from frozen dinners and alcoholic and nonalcoholic beverages to candy, dairy, fast food, and fresh produce. Paperboard's exceptional efficiency is a key factor in the industry's explosive expansion. Food can be stored in this packaging for an extended period of time without fear of contamination, and its organoleptic qualities will be preserved.
The most recent innovations in healthcare are inspiring new ways of packaging medicinal products. Everyone should make healthcare a top priority. The aesthetic value of drug store packaging is rising. It's no longer seen as a neutral institution, but rather an asset to be leveraged in B2C transactions. Even though vitamins and supplements have been available for quite some time, the ordinary consumer is only recently becoming interested in them.
These days, eco-friendly goods are more sought after by consumers. This pattern has also been observed in the packaging business. Paper and paperboard packaging are now the preferred options for environmentally conscious shoppers. As more people become interested in buying recycled goods, the market for discarded or recovered paper is likely to grow. There will likely be a rise in demand for paper and paperboard packaging items as emerging economies become more industrialized. The market for recycled paper packaging is predicted to develop the fastest, with containerboard packaging leading the way. Flexible plastic packaging is preferred by both manufacturers and retailers because of its low weight, which in turn reduces shipping and warehousing expenses. The market for paperboard could be harmed by the convenience of plastic packaging alternatives.
Report Coverage
Global Paperboard research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Paperboard report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Paperboard competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Paperboard market players and analyses their core competencies in each global market sub-segments.
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2017-2030 |
Base Year | 2022 |
Forecast Period | 2022-2030 |
Historical Period | 2017-2021 |
Unit | Value (USD Billion) |
Key Companies Profiled | ITC, Stora Enso, Shandong Bohui Paper, Zumbiel Packaging, Paper Works Industries, Graphic Packaging International, Multi Packaging Solutions, Clondalkin Group, Caraustar and Cascades Inc., Mondi Group, Smurfit Kappa Group, International Paper Company, Georgia-Pacific LLC, WestRock Company, Packaging Corporation of America, Svenska Cellulosa Aktiebolaget (SCA), Nine Dragons Paper (Holdings) Limited, Nippon Paper Industries Co., Ltd., DS Smith Plc, Oji Holdings Corporation, UPM-Kymmene Corporation, Lee & Man Paper Manufacturing Ltd., Rengo Co., Ltd., Shandong Chenming Paper Holdings Limited, Grupo Gondi, BillerudKorsnäs AB, Metsä Board Corporation, International Paper APPM Limited. |
Segments Covered | • By Product |
Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Paperboard Market from 2021 to 2030.
- Market Forecast for Paperboard Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Paperboard competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Paperboard
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Paperboard market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Paperboard market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ITC, Stora Enso, Shandong Bohui Paper, Zumbiel Packaging, Paper Works Industries, Graphic Packaging International, Multi Packaging Solutions, Clondalkin Group, Caraustar and Cascades Inc., Mondi Group, Smurfit Kappa Group, International Paper Company, Georgia-Pacific LLC, WestRock Company, Packaging Corporation of America, Svenska Cellulosa Aktiebolaget (SCA), Nine Dragons Paper (Holdings) Limited, Nippon Paper Industries Co., Ltd., DS Smith Plc, Oji Holdings Corporation, UPM-Kymmene Corporation, Lee & Man Paper Manufacturing Ltd., Rengo Co., Ltd., Shandong Chenming Paper Holdings Limited, Grupo Gondi, BillerudKorsnäs AB, Metsä Board Corporation, International Paper APPM Limited.
Primary Target Market
- Market Players of Paperboard
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Paperboard market based on the below-mentioned segments:
Global Paperboard Market, By Type
White Lined Chip board
Virgin Fiber-based board
Coated Unbleached Kraft Board (CUK)
Liquid packaging board
Cup stock board
Others
Global Paperboard market, By Application
Packaging
Graphic Printing
Global Paperboard market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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