Global Paperboard Market

Paperboard Market Size, Share, Growth Analysis, By Grade(White lined chipboard, folding boxboard), By Product Type(Corrugated box, flexible paper) - Industry Forecast 2024-2031


Report ID: SQSG15H2004 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 63 | Figures: 75

Paperboard Market Regional Insights

Global paperboard market is dominated by Asia Pacific and the region is expected to experience significant growth during the forecast period (2022–2028) and it is thoroughly studied that, in the year 2021, Asia Pacific generated significant revenue; and India and China are the prominent economies focussing on high competition along with the rapid growth in urbanization and increased preference of packaged foods and other consumer products.

North America, with its large corporate presence, remains one of the primary markets for paperboard packaging materials. North America consumed 74.21 million metric tons of paper and paperboard in 2018. This is the case, according to FAO and UNECE data. The United States dominates the folding carton packaging industry in North America, with food expected to be the leading end-user. According to the Association for Packaging and Processing Technologies, the food sector in the United States is expected to grow at a CAGR of 2.9% by 2022. Such trends in North America are expected to continue, which will benefit the paperboard market.

Europe is also expected to grow at a rapid pace in the coming years. The European Union intends to phase out single-use plastic by 2021. Furthermore, when compared to other countries, European consumers have a significantly higher level of sustainability awareness. These factors are primarily boosting market growth in Europe.

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FAQs

Paperboard Market size was valued at USD 142.08 billion in 2019 and is poised to grow from USD 146.12 billion in 2023 to USD 183.68 billion by 2031, growing at a CAGR of 2.9% in the forecast period (2024-2031).

paperboard market provides detailed competitive landscape. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the prominent market players are also focussing on concentrating on R&D. The following top players are manufacturing packaging products by the recycled pulp owing to enhance the packaging sustainability. 'Mondi Group', 'Smurfit Kappa Group', 'International Paper Company', 'Georgia-Pacific LLC', 'WestRock Company', 'Packaging Corporation of America', 'Svenska Cellulosa Aktiebolaget (SCA)', 'Stora Enso Oyj', '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'

Growing Consumer Awareness Regarding Sustainable Packaging Material

Various changes in lifestyle and an increasing number of populations in the developing countries lead to a higher demand for branded and packaged substances. According to the Flexible Packaging Association, the beverage sector in the United States accounted for nearly 50% of the packaging market. 

paperboard market is dominated by Asia Pacific and the region is expected to experience significant growth during the forecast period (2022–2028) and it is thoroughly studied that, in the year 2021, Asia Pacific generated significant revenue; and India and China are the prominent economies focussing on high competition along with the rapid growth in urbanization and increased preference of packaged foods and other consumer products.

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Global Paperboard Market

Product ID: SQSG15H2004

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