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Market Research Report

Paperboard Packaging Market - Growth, Trends, and Forecast (2019 - 2024)

Published by Mordor Intelligence LLP Product code 568495
Published Content info 120 Pages
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Paperboard Packaging Market - Growth, Trends, and Forecast (2019 - 2024)
Published: June 1, 2019 Content info: 120 Pages
Description

Market Overview

The market for paperboard packaging is expected to expand at a CAGR of more than 4.5% during the forecast period of 2019-2024. Major factors driving the market studied are the growth in e-commerce sales and growing demand for folded carton packaging. However, availability of high-performance substitutes is expected to hinder the growth of the market studied.

  • Advancement in packaging machinery and paper converting equipment is likely to act as an opportunity in the future.
  • Asia-Pacific dominated the market across the globe with the largest consumption in 2018.

Key Market Trends

Increasing Demand from Food & Beverages

  • The food & beverage industry is the largest end-user for the paperboard packaging market and accounts for more than half of the global market share.
  • The food & beverage industry majorly utilizes coated unbleached boards for packaging of beverages, and corrugated container boards for packaging of fruits, vegetables, and food products. The acceleration of frozen foods is likely to drive the demand for folding carton packaging.
  • Change in lifestyle and a growing young population lead to a higher demand for branded and packaged substances.
  • According to the Flexible Packaging Association, the beverage sector in the US accounted for nearly 50% of the packaging market. Currently, over 30% of the Americans order food twice a week and this is expected to grow at 3% in the coming years.
  • Furthermore, on the go consumption in countries like India, China, Japan is further fuelling the demand. Countries such as China and India, the food & beverage demand is always on a higher side, subsequently driving the paperboard packaging market.
  • Such positive growth in the food & beverages industry is expected to increase the demand for paperboard packaging in the forecast period.

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region holds significant potential for development, in terms of the most prospective countries.
  • In terms of consumption, in 2018, Asia-Pacific held a significant market share, followed by Europe.
  • Whereas, North America is expected to display a sluggish growth in the global paperboard packaging market as the market is matured in this region.
  • There has been an increasing migration of rural population to cities, which is likely to reinforce consumption patterns of packaged food.
  • It is predicted that nearly two-thirds of the people across the globe will live in cities in the coming years.
  • The Asia-Pacific paperboard packaging market is also expected to grow at a high rate, owing to emerging food & beverages, electronics, cosmetics, and pharmaceutical industries due to economic development.

Competitive Landscape

The global paperboard packaging market is fragmented. The major companies include NIPPON PAPER INDUSTRIES CO., LTD., Mondi, METSA BOARD, WestRock Company, and ITC Limited, among others.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • Report customization as per the client's requirements
  • 3 months of analyst support
Table of Contents
Product Code: 54828

Table of Contents

1 INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growing Demand for Folded Carton Packaging
    • 4.1.2 Growth in E-commerce Sales
  • 4.2 Restraints
    • 4.2.1 Health Hazards Associated with Recycled Paperboards
    • 4.2.2 Availability of High-Performance Substitutes
  • 4.3 Industry Value-Chain Analysis
  • 4.4 Porters Five Force Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5 MARKET SEGMENTATION

  • 5.1 By Product Type
    • 5.1.1 Corrugated and Solid Fiber Boxes
    • 5.1.2 Folding Paperboard Boxes
    • 5.1.3 Set-up Paperboard Boxes
  • 5.2 By End-user Industry
    • 5.2.1 Food & Beverages
    • 5.2.2 Non-food Nondurable Goods
    • 5.2.3 Durable Goods
    • 5.2.4 Nonmanufacturing
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
      • 5.3.1.1 China
      • 5.3.1.2 India
      • 5.3.1.3 Japan
      • 5.3.1.4 South Korea
      • 5.3.1.5 Rest of Asia-Pacific
    • 5.3.2 North America
      • 5.3.2.1 United States
      • 5.3.2.2 Canada
      • 5.3.2.3 Mexico
      • 5.3.2.4 Rest of North America
    • 5.3.3 Europe
      • 5.3.3.1 Germany
      • 5.3.3.2 United Kingdom
      • 5.3.3.3 Italy
      • 5.3.3.4 France
      • 5.3.3.5 Rest of Europe
    • 5.3.4 South America
      • 5.3.4.1 Brazil
      • 5.3.4.2 Argentina
      • 5.3.4.3 Rest of South America
    • 5.3.5 Middle East & Africa
      • 5.3.5.1 Saudi Arabia
      • 5.3.5.2 South Africa
      • 5.3.5.3 Rest of Middle East & Africa

6 COMPETITIVE LANDSCAPE

  • 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share Analysis**
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Bell Incorporated
    • 6.4.2 Caraustar
    • 6.4.3 Graphic Packaging International, LLC
    • 6.4.4 Greif
    • 6.4.5 Huhtamaki
    • 6.4.6 International Paper
    • 6.4.7 ITC Limited
    • 6.4.8 METSA BOARD
    • 6.4.9 Mondi
    • 6.4.10 NIPPON PAPER INDUSTRIES CO., LTD.
    • 6.4.11 Packaging Corporation of America
    • 6.4.12 Smurfit Kappa
    • 6.4.13 Sonoco Products Company
    • 6.4.14 U.S. Corrugated, Inc.
    • 6.4.15 Visy
    • 6.4.16 WestRock Company

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Advancement in Packaging Machinery and Paper Converting Equipment
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