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 Dynamics

Paperboard Market  Drivers

  • Growing Consumer Awareness Regarding Sustainable Packaging Material

Consumers nowadays prefer environmentally friendly products. The packaging industry is no exception, and it has seen a similar trend. Nowadays, environmentally conscious consumers prefer paper or paperboard packaging over other types of packaging solutions.

The waste or recovered paper market is expected to expand, and consumers have shown an increased interest in purchasing recycled products. It is also expected that as developing countries industrialize, there will be an increase in demand for paper and paperboard packaging products. Because it is one of the most widely used recycled paper packaging products on the market, the containerboard packaging market is expected to grow the most.

Paper and paperboard containers are currently biodegradable and more sustainable than plastic, making them more appealing to consumers. Paper and paperboard containers are environmentally friendly because they are recyclable, reusable, save energy, and conserve natural resources. Thus, the environmental benefits of paper and paperboard containers will increase their adoption by businesses in various industries, such as retail, driving the global paperboard market.

Paperboard Market Restraints

  • Manufacturers and retailers opt for flexible plastic packaging due to light weight, less shipping & warehousing cost, extra space can hamper market growth.
  • Easy handling of plastic packaging products compared to the paper & paperboard packaging can hamper the paperboard market.
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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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