PUBLISHER: Acute Market Reports | PRODUCT CODE: 1128359
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1128359
Paperboard Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030
Key Market Insights
"Increase use of paperboard and ban on use of plastic will spur the market revenue growth"
The global paperboard market is anticipated to grow at a CAGR of 4.5% throughout the forecast period from 2022 to 2030. In 2020, in terms of volume market register sales of 93.15 Mn MT and anticipated to reach 108.89 Mn MT expanding at a CAGR of 1.8%.
Growth of the global paperboard market is expected to be driven by a combination of factors including rising environmental concerns, ban on use of plastic, recyclability of paper, and increasing awareness for sustainable packaging among others. The global paper consumption is at unsustainable levels and is steadily increasing especially in Asia and Africa region. This in turn is boosting the demand of paperboard market. Increasing usage of paperboard in packaging globally is boosting the demand of the market. There are several different paperboard available and find usage in different industries. Rapid advancements in accessibility and quality of digital printing on paperboard empowers and augments agility for food brands which is further bolstering the demand of 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 paperboard. Over the past 50 years paperboard production and consumption has shifted from the North America and Europe region to Asia Pacific. Increasing use of recycled fiber reduces paperboards production footprint and preserves environmental quality. Thus, proliferating the growth of 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 contributes approximately 3/4th of packaging material recovered for recycling in the US 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 market share. This can be associated with the wide usage of it 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 among others.
In contrast, coated recycled paperboard segment expected to grow rapidly during the forecast period. These paperboard 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, 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. Owing to the increasing world population, rising food and beverage consumption, and increasing number 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 Asia Pacific region"
In 2021, 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 to, rising industrialization, increasing population and surge in manufacturing industries in the emerging countries such as China, and India among others. The consumption of paper is slightly declining in North America region it is significantly rising in the Asia Pacific region and driving planned expansion of the paper and paperboard industry.
In contrast, Rest of the world region is anticipated to expand at a significant growth rate. Owing to the ongoing industrialization in the region coupled with presence of large forest areas in the region especially in Africa 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 of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Paperboard market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report
Micro and macro environment factors that are currently influencing the Paperboard market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE DETAILS
Research Period 2020-2030
Base Year 2021
Forecast Period 2022-2030
Historical Year 2020
Unit USD Million
Segmentation
Grade
Solid Bleached Sulfate
Coated Unbleached Kraft Paperboard
Uncoated Recycled Paperboard
Coated Recycled Paperboard
Application
Graphic printing
Packaging
End-user
Food & Beverage
Medical Packaging
Personal & Home Care
Others (Shoe Packaging, Stationary, etc.)
Region Segment (2020-2030; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Global Impact of Covid-19 Segment (2020-2021; US$ Million )
Pre Covid-19 situation
Post Covid-19 situation
Key questions answered in this report
What are the key micro and macro environmental factors that are impacting the growth of Paperboard market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2030.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Paperboard market?
Which is the largest regional market for Paperboard market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Paperboard market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Paperboard market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 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. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Paperboard Market
- 2.2. Global Paperboard Market, By Grade , 2021 (US$ Million)
- 2.3. Global Paperboard Market, By Application , 2021 (US$ Million)
- 2.4. Global Paperboard Market, By End-user , 2021 (US$ Million)
- 2.5. Global Paperboard Market, By Geography, 2021 (US$ Million)
- 2.6. Impact of Covid 19
- 2.7. Attractive Investment Proposition by Geography, 2021
- 2.8. Competitive Analysis
- 2.8.1. Market Positioning of Key Paperboard Market Vendors
- 2.8.2. Strategies Adopted by Paperboard Market Vendors
- 2.8.3. Key Industry Strategies
3. Paperboard Market: Business Outlook & Market Dynamics
- 3.1. Introduction
- 3.2. Global Paperboard Market Value, 2020 - 2030, (US$ Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers
- 3.3.2. Market Restraints
- 3.3.3. Key Challenges
- 3.3.4. Key Opportunities
- 3.4. Impact Analysis of Drivers and Restraints
- 3.5. See-Saw Analysis
- 3.6. Porter's Five Force Model
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Threat Of Substitutes
- 3.6.4. Threat Of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Technology Landscape
- 3.7.4. Legal Landscape
- 3.7.5. Social Landscape
4. Paperboard Market: By Grade , 2020-2030, USD (Million)
- 4.1. Market Overview
- 4.2. Growth & Revenue Analysis: 2021 Versus 2030
- 4.3. Market Segmentation
- 4.3.1. Solid Bleached Sulfate
- 4.3.2. Coated Unbleached Kraft Paperboard
- 4.3.3. Uncoated Recycled Paperboard
- 4.3.4. Coated Recycled Paperboard
5. Paperboard Market: By Application , 2020-2030, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. Graphic printing
- 5.3.2. Packaging
6. Paperboard Market: By End-user , 2020-2030, USD (Million)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2021 Versus 2030
- 6.3. Market Segmentation
- 6.3.1. Food & Beverage
- 6.3.2. Medical Packaging
- 6.3.3. Personal & Home Care
- 6.3.4. Others (Shoe Packaging, Stationary, etc.)
7. North America Paperboard Market, 2020-2030, USD (Million)
- 7.1. Market Overview
- 7.2. Paperboard Market: By Grade , 2020-2030, USD (Million)
- 7.3. Paperboard Market: By Application , 2020-2030, USD (Million)
- 7.4. Paperboard Market: By End-user , 2020-2030, USD (Million)
- 7.5.Paperboard Market: By Region, 2020-2030, USD (Million)
- 7.5.1.North America
- 7.5.1.1. U.S.
- 7.5.1.2. Canada
- 7.5.1.3. Rest of North America
- 7.5.1.North America
8. UK and European Union Paperboard Market, 2020-2030, USD (Million)
- 8.1. Market Overview
- 8.2. Paperboard Market: By Grade , 2020-2030, USD (Million)
- 8.3. Paperboard Market: By Application , 2020-2030, USD (Million)
- 8.4. Paperboard Market: By End-user , 2020-2030, USD (Million)
- 8.5.Paperboard Market: By Region, 2020-2030, USD (Million)
- 8.5.1.UK and European Union
- 8.5.1.1. UK
- 8.5.1.2. Germany
- 8.5.1.3. Spain
- 8.5.1.4. Italy
- 8.5.1.5. France
- 8.5.1.6. Rest of Europe
- 8.5.1.UK and European Union
9. Asia Pacific Paperboard Market, 2020-2030, USD (Million)
- 9.1. Market Overview
- 9.2. Paperboard Market: By Grade , 2020-2030, USD (Million)
- 9.3. Paperboard Market: By Application , 2020-2030, USD (Million)
- 9.4. Paperboard Market: By End-user , 2020-2030, USD (Million)
- 9.5.Paperboard Market: By Region, 2020-2030, USD (Million)
- 9.5.1.Asia Pacific
- 9.5.1.1. China
- 9.5.1.2. Japan
- 9.5.1.3. India
- 9.5.1.4. Australia
- 9.5.1.5. South Korea
- 9.5.1.6. Rest of Asia Pacific
- 9.5.1.Asia Pacific
10. Latin America Paperboard Market, 2020-2030, USD (Million)
- 10.1. Market Overview
- 10.2. Paperboard Market: By Grade , 2020-2030, USD (Million)
- 10.3. Paperboard Market: By Application , 2020-2030, USD (Million)
- 10.4. Paperboard Market: By End-user , 2020-2030, USD (Million)
- 10.5.Paperboard Market: By Region, 2020-2030, USD (Million)
- 10.5.1.Latin America
- 10.5.1.1. Brazil
- 10.5.1.2. Mexico
- 10.5.1.3. Rest of Latin America
- 10.5.1.Latin America
11. Middle East and Africa Paperboard Market, 2020-2030, USD (Million)
- 11.1. Market Overview
- 11.2. Paperboard Market: By Grade , 2020-2030, USD (Million)
- 11.3. Paperboard Market: By Application , 2020-2030, USD (Million)
- 11.4. Paperboard Market: By End-user , 2020-2030, USD (Million)
- 11.5.Paperboard Market: By Region, 2020-2030, USD (Million)
- 11.5.1.Middle East and Africa
- 11.5.1.1. GCC
- 11.5.1.2. Africa
- 11.5.1.3. Rest of Middle East and Africa
- 11.5.1.Middle East and Africa
12. Company Profile
- 12.1. Metsa Group
- 12.1.1. Company Overview
- 12.1.2. Financial Performance
- 12.1.3. Product Portfolio
- 12.1.4. Strategic Initiatives
- 12.2. Sappi Limited
- 12.2.1. Company Overview
- 12.2.2. Financial Performance
- 12.2.3. Product Portfolio
- 12.2.4. Strategic Initiatives
- 12.3. Caraustar and Cascades Inc.
- 12.3.1. Company Overview
- 12.3.2. Financial Performance
- 12.3.3. Product Portfolio
- 12.3.4. Strategic Initiatives
- 12.4. Oji Holdings Corporation
- 12.4.1. Company Overview
- 12.4.2. Financial Performance
- 12.4.3. Product Portfolio
- 12.4.4. Strategic Initiatives
- 12.5. Nippon Paper Industries Co. Ltd.
- 12.5.1. Company Overview
- 12.5.2. Financial Performance
- 12.5.3. Product Portfolio
- 12.5.4. Strategic Initiatives
- 12.6. International Paper Company
- 12.6.1. Company Overview
- 12.6.2. Financial Performance
- 12.6.3. Product Portfolio
- 12.6.4. Strategic Initiatives
- 12.7. ITC Limited
- 12.7.1. Company Overview
- 12.7.2. Financial Performance
- 12.7.3. Product Portfolio
- 12.7.4. Strategic Initiatives
- 12.8. Paper Works Industries
- 12.8.1. Company Overview
- 12.8.2. Financial Performance
- 12.8.3. Product Portfolio
- 12.8.4. Strategic Initiatives
- 12.9. Shandong Bohui Paper Group Co., Ltd
- 12.9.1. Company Overview
- 12.9.2. Financial Performance
- 12.9.3. Product Portfolio
- 12.9.4. Strategic Initiatives
- 12.10. Kappa Group plc.
- 12.10.1. Company Overview
- 12.10.2. Financial Performance
- 12.10.3. Product Portfolio
- 12.10.4. Strategic Initiatives
List of Tables
- TABLE 1 Global Paperboard Market By Grade , 2020-2030, USD (Million)
- TABLE 2 Global Paperboard Market By Application , 2020-2030, USD (Million)
- TABLE 3 Global Paperboard Market By End-user , 2020-2030, USD (Million)
- TABLE 4 North America Paperboard Market By Grade , 2020-2030, USD (Million)
- TABLE 5 North America Paperboard Market By Application , 2020-2030, USD (Million)
- TABLE 6 North America Paperboard Market By End-user , 2020-2030, USD (Million)
- TABLE 7 UK and European Union Paperboard Market By Grade , 2020-2030, USD (Million)
- TABLE 8 UK and European Union Paperboard Market By Application , 2020-2030, USD (Million)
- TABLE 9 UK and European Union Paperboard Market By End-user , 2020-2030, USD (Million)
- TABLE 10 Asia Pacific Paperboard Market By Grade , 2020-2030, USD (Million)
- TABLE 11 Asia Pacific Paperboard Market By Application , 2020-2030, USD (Million)
- TABLE 12 Asia Pacific Paperboard Market By End-user , 2020-2030, USD (Million)
- TABLE 13 Latin America Paperboard Market By Grade , 2020-2030, USD (Million)
- TABLE 14 Latin America Paperboard Market By Application , 2020-2030, USD (Million)
- TABLE 15 Latin America Paperboard Market By End-user , 2020-2030, USD (Million)
- TABLE 16 Middle East and Africa Paperboard Market By Grade , 2020-2030, USD (Million)
- TABLE 17 Middle East and Africa Paperboard Market By Application , 2020-2030, USD (Million)
- TABLE 18 Middle East and Africa Paperboard Market By End-user , 2020-2030, USD (Million)
List of Figures
- FIG. 1 Global Paperboard Market: Market Coverage
- FIG. 2 Research Methodology and Data Sources
- FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
- FIG. 4 Global Paperboard Market: Quality Assurance
- FIG. 5 Global Paperboard Market, By Grade , 2021
- FIG. 6 Global Paperboard Market, By Application , 2021
- FIG. 7 Global Paperboard Market, By End-user , 2021
- FIG. 8 Global Paperboard Market, By Geography, 2021
- FIG. 9 Global Paperboard Market, By Grade , 2021 Vs 2030, %
- FIG. 10 Global Paperboard Market, By Application , 2021 Vs 2030, %
- FIG. 11 Global Paperboard Market, By End-user , 2021 Vs 2030, %
- FIG. 12 U.S. Paperboard Market (US$ Million), 2020 - 2030
- FIG. 13 Canada Paperboard Market (US$ Million), 2020 - 2030
- FIG. 14 Rest of North America Paperboard Market (US$ Million), 2020 - 2030
- FIG. 15 UK Paperboard Market (US$ Million), 2020 - 2030
- FIG. 16 Germany Paperboard Market (US$ Million), 2020 - 2030
- FIG. 17 Spain Paperboard Market (US$ Million), 2020 - 2030
- FIG. 18 Italy Paperboard Market (US$ Million), 2020 - 2030
- FIG. 19 France Paperboard Market (US$ Million), 2020 - 2030
- FIG. 20 Rest of Europe Paperboard Market (US$ Million), 2020 - 2030
- FIG. 21 China Paperboard Market (US$ Million), 2020 - 2030
- FIG. 22 Japan Paperboard Market (US$ Million), 2020 - 2030
- FIG. 23 India Paperboard Market (US$ Million), 2020 - 2030
- FIG. 24 Australia Paperboard Market (US$ Million), 2020 - 2030
- FIG. 25 South Korea Paperboard Market (US$ Million), 2020 - 2030
- FIG. 26 Rest of Asia Paperboard Market (US$ Million), 2020 - 2030
- FIG. 27 Brazil Paperboard Market (US$ Million), 2020 - 2030
- FIG. 28 Mexico Paperboard Market (US$ Million), 2020 - 2030
- FIG. 29 Rest of Latin America Paperboard Market (US$ Million), 2020 - 2030
- FIG. 30 GCC Paperboard Market (US$ Million), 2020 - 2030
- FIG. 31 Africa Paperboard Market (US$ Million), 2020 - 2030
- FIG. 32 Rest of Middle East and Africa Paperboard Market (US$ Million), 2020 - 2030
