Global laminated paperboard packaging market: Introduction
The laminated paperboard is a multi-layered solid board that is being used in the packaging of raw fruits and vegetables. The laminated paperboard is being finished with the kraft paper or PE coated papers. Products packed through the laminated board are being packed wet and it is being stored in the damp conditions. The laminated board is highly resistant to moisture which makes our food product fresh and free from germs. Laminated boards are being used in various industries like food and drink packaging, consumer goods packaging, industrial packaging and retail ready packaging. The laminated board is highly moisture resistant. Laminated boards are widely used in the pharmaceutical industries in the packaging of various articles which include perfumes, deodorant, soaps, cream and much more.
Global laminated paperboard packaging market: Dynamics
The major factors driving the growth of laminated paperboard market is the constant relative growth of laminated paperboard boxes market in the fruits packaging, food and beverage industries, advancement in the packaging industry and increasing usage of laminated paperboard boxes in the wide range of end -user applications. With the increase in the technological advancements, the manufacturers in the laminated paperboard industries are mainly focusing on the consumer convenience and the product appeal. With the rise of online shopping and e-commerce portals, which widen the scope of transportation and in turn fuel the market of the laminated paperboard. Majorly retail stores use laminated paperboard not only for the purpose of preserving the food but also to maintain the nutritional value of the food so that the food can be kept fresh for a long time. With the increasing number of consumers purchasing grocery items, including chilled and frozen foods which are also contributing to the growth of laminated paperboard market. The laminated paperboard also has a good margin in the pharmaceutical industry in the packaging of various cosmetics material like syrup, creams, powder, perfumes, deodorant and much more. As the production cost is high many business people are not willing to invest in the laminated paperboard industry as manufacturers need to attain comparatively high production in terms of volume so that they can attain a big profit in their investment. This economic restriction could restrain the overall growth in the laminated paperboard industry over the forecast period.
Global laminated paperboard packaging market: Segmentation
The global laminated paperboard packaging market has been segmented as follows -
On the basis of end use industry, the laminated board packaging market has been segmented as:
- Food & Beverages Industry
- Pharmaceutical Industry
- Chemical Industry
On the basis of paperboard type, the laminated paperboard packaging market has been segmented as:
- Kraft Board
- Solid Bleached Board
- Solid Unbleached Board
On the basis of lamination material type, the laminated paperboard packaging market has been segmented as:
On the basis of application, the laminated paperboard packaging market has been segmented as:
- Paper and Publishing Products
- Consumer and Goods Packaging
- Food and Drinks Packaging
- Industrial Packaging
- Retail Ready Packaging
Global laminated paperboard packaging market: Geographical Outlook
The Laminated Board packaging market has been divided into seven regions as follows –
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan (APEJ)
- Middle East & Africa (MEA)
Asia Pacific represents the comparatively high market share and grows with comparatively significant CAGR during the forecast period. North American market is also growing in the laminated paperboard packaging due to the rapid increase in the production capacity of the laminated paperboard as the number of supermarkets are rising day by day. Key factors driving the growth of laminated paperboard packaging include a change in the packaging pattern and increase in demand of laminated board in food and beverage industries. The laminated paperboard packaging is projected to register healthy growth due to the rising demand of laminated paperboard packaging across the globe.
Global laminated paperboard packaging market: Key Players
Some of the players operating in the global laminated paperboard packaging market are:
- Orchid Laminates Private Ltd
- Roxcel Group
- Sierra Coating Technologies LLC
- Yogeshwar Polymers
- Vacmet India
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.