PUBLISHER: The Business Research Company | PRODUCT CODE: 1245872
PUBLISHER: The Business Research Company | PRODUCT CODE: 1245872
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“Paperboard Packaging Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on paperboard packaging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for paperboard packaging ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The paperboard packaging market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
* The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
* The impact of higher inflation in many countries and the resulting spike in interest rates.
* The continued but declining impact of COVID-19 on supply chains and consumption patterns.
Major players in the paperboard packaging market are: The International Paper Company, Mondi PLC., Nippon Paper Industries, ITC Limited, Stora Enso Oyj, Oji Holdings Corporation, DS Smith PLC., Smurfit Kappa Group plc, WestRock Company, Packaging Corporation of America, Cascades Inc., Metsa Board Oyj, Svenska Cellulosa Aktiebolaget (SCA), Amcor Ltd., and Clearwater Paper Corporation.
The global paperboard packaging market grew from $192.19 billion in 2022 to $200.44 billion in 2023 at a compound annual growth rate (CAGR) of 4.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The paperboard packaging market is expected to grow to $235.61 billion in 2027 at a CAGR of 4.1%.
The paperboard packaging market consists of sales of packaging solutions that are recyclable, biodegradable, reduce waste production, reduce environmental pollution, and the simplicity with which items can display their distinctive packaging and visuals to convey a brand's story, as well as their better product protection and stickability. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Paperboard packaging refers to a type of packaging that uses paperboards are the most common materials used to make containers like folding cartons and paper cups, with coated boards accounting for the majority of them. They offer users convenient storage and functional packaging that is appealing and easy to handle and is more extensively used and accepted than plastic containers for a variety of reasons, as it benefits both the end-user and the environment.
Asia-Pacific was the largest region in the paperboard packaging market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the paperboard packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of paperboard packaging are corrugated boxes, boxboards, and flexible paper. A corrugated box refers to a material with rows of small air-filled grooves running the length of the substance. They're normally three layers thick and made of paperboard. The various grades available are solid bleached sulfate (SBS), coated unbleached kraft paperboard (CUK), white lined chipboard (WLC), glassine and greaseproof paper, label paper, and others. The types of raw materials used include fresh sources and recycled waste paper, and are used in various end-use industries such as food, beverage, healthcare, personal care, household care, electrical products, and others.
The rising consumption of packaged food is expected to propel the growth of the paperboard packaging market going forward. Packaged food is food that is covered to prevent direct contact with the environment, either by permeable or impermeable wrapping. Packaged food usually requires paperboard packaging as it does not harm the food product. Paperboard folding cartons are used to package frozen foods, dry meals, milk products, and a variety of other items. For instance, according to linchpin, an India-based software and mobile development company, in America between June 2019 and June 2020, digital fast-food orders increased by 23%, and they were tripled in 2021. Therefore, the rising consumption of packaged food is driving the growth of the paperboard packaging market.
New product innovations have emerged as the key trend gaining popularity in the paperboard packaging market. The packaging industry is increasingly focusing on integrating smarter technologies into packaging for better safety in different terrains and conditions. For instance, in February 2021, J & J Green Paper, a US-based company that develops novel paper products, introduced JANUS, a green paper technology that treats paper and packaging with environmentally friendly components to minimize chemical by-products while maintaining moisture resistance. It is organic, recyclable, compostable, and repulpable and directly replaces polyethylene glycol (PEG).
In July 2021, Mondi plc, a UK-based packaging and paper group, acquired Olmuksan International Paper for a deal amount of €66 million ($69.4 million). Through this acquisition, Mondi would gain a stronger foothold in Turkey, as well as considerable operational and paper integration benefits from Olmuksan's global virgin and recycled containerboard portfolio. Olmuksan International Paper is a Turkey-based corrugated packaging company operating in the paperboard packaging sector.
The countries covered in the paperboard packaging market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The paperboard packaging market research report is one of a series of new reports from The Business Research Company that provides paperboard packaging market statistics, including paperboard packaging industry global market size, regional shares, competitors with a paperboard packaging market share, detailed paperboard packaging market segments, market trends and opportunities, and any further data you may need to thrive in the paperboard packaging industry. This paperboard packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.