Market Research Report
Paperboard Packaging Market Size By Raw Material, By Product, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
|Published by||Global Market Insights Inc.||Product code||963770|
|Published||Content info||195 Pages
Delivery time: 2-3 business days
|Paperboard Packaging Market Size By Raw Material, By Product, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026|
|Published: October 8, 2020||Content info: 195 Pages||
Paperboard Packaging Market Size By Raw Material (Fresh Sources, Recycled Waste Paper), By Product (Boxboard [Folding Boxboard, Solid Unbleached Board, Solid Bleached Board, White Lined Chipboard], Containerboard), By Application (Food & Beverages, Non-Durable Goods, Durable Goods, Medical), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026.
The paperboard packaging market is anticipated to witness tremendous growth in the coming years owing to high product adoption across numerous application avenues such as durable goods, food & beverages, and medical among many others. Paperboard is thick paper also known as "Board Paper" having considerable thickness and paper weight.
It is a broad term which refers to diverse grades or qualities of paper-based packaging materials. Some of the most popular grades of paperboard packaging are MET-PET board, CRB (coated recycled board), SBS (solid bleached sulfate), and coated unbleached board (CUK board). In comparison to writing paper, paperboard is preferred the most owing to its thickness.
One of the key advantages of paperboard packaging is that it is earth friendliness, meaning it is recyclable, sustainable, and renewable in nature. In comparison to other materials, paperboard packaging has superior recycling properties and is easy to recycle.
It is also considered as a sustainable packaging solution. In addition, wood fiber which is known for producing produce paperboard packaging can easily be replaced, making it a renewable product. Overall, paperboard packaging whether coated or non-coated is considered as a versatile product with a wide variety of possible uses and their applications.
The paperboard packaging market is segmented in terms of raw material, product, application, and regional landscape.
In terms of application, the overall paperboard packaging market is bifurcated into medical, durable goods, food & beverage and non-durable goods. Among these, durable goods application segment held over 10% share in 2019 and is expected to witness significant growth over the coming years. This anticipated growth is ascribed to the increasing demand for consumer electronics.
Latest gadgets or products launched in the market generally need packaging which is attractive to the end consumer as well as strong enough to be protective. Among other packaging solutions, paperboard packaging fits in the best. Earlier, paperboard packaging was only utilized for transporting white goods like washing machines and fridges. Recently, there has been wide expansion in the options available for smaller electronic products.
These products comprise of home & kitchen goods like cooking and cleaning tools; mobile phones, e-readers, tablets; home office goods such as printers, laptop, computers. Others include entertainment products like gaming consoles, TVs, DVD and sports and exercise goods and other fitness monitoring products.
From a regional frame of reference, in 2019, North America paperboard packaging market held a market share of over 19% share and is projected to witness substantial growth through the forecast timeframe. This anticipated growth is ascribed to the rising demand for packaged food in the region.