Paperboards are manufactured from wood pulp or layers of paper. The thickness of paper piles defines the paperboard, which is usually larger compared to paper in order to maintain the weight to area ratio. For instance, according to the International Organization for Standardization, the weight should be 224g/m2 to consider it as paperboard. Depending on application, paperboard can be single ply or multi-ply. Paperboard offers good printing surface and excellent print quality, which makes it ideal information carriers and brand builders. Paperboard finds its application in cosmetics, clothing, footwear, and food industries. Paperboard is a strong, lightweight, smooth, versatile, and cost-effective packaging solution. Approximately 70% of paperboards are recycled, making these ideal for sustainable packaging compared to plastics, metals, and glasses.
The global paperboard packaging market can be segmented into product type such as boxboard and containerboard. Boxboard includes folding, kraft, and laminated boxboards. Depending on the grade and processing of the boxboard, it can be further sub-segmented into folding boxboard (FBB), solid unbleached boxboard (SUB), solid bleached boxboard (SBB), and white lined chipboard (WLC). Demand for WLC was the highest compared to other boxboards in 2015. Containerboard includes corrugated containerboard and linerboard. In terms of volume, containerboards was the majorly used type of paperboard across the globe in 2015. The market for containerboard is estimated to increase significantly during the forecast period owing to high demand from applications in regions such as Asia Pacific and Latin America. Based on application, the global paperboard packaging market can be segmented into food & beverages, non-durable goods, durable goods, medical, and others. The others segment includes industrial and machineries packaging.
Food & beverages accounted for the major share of the global paperboard packaging market in 2015 due to growth in the packaged food industry. Expansion in e-commerce and cosmetic & personal care packaging industries is anticipated to drive the global paperboard packaging market in the near future. Food & beverages segment is anticipated to be the fastest growing segment due to exemplary growth in the market drivers during the forecast period. Furthermore, growth in the medical industry that forms a major part of non-durable goods is estimated to boost the paper packaging market. Large brand end users are focusing on sustainable packaging. This rise in demand for sustainable packaging has boosted the market share of paperboard packaging, as paperboard is an ideal option for sustainable packaging vis-à-vis plastics and metal.
Asia Pacific was the largest market for paperboard packaging in 2015, led by growth in the packaged food and cosmetic & personal care packaging industries. Europe and North America are relatively matured markets as compared to other regions. Hence, growth of the paperboard packaging in these regions is expected to be sluggish in the next few years. Asia Pacific is anticipated to be the fastest-growing region, followed by Latin America. Expansion in the e-commerce and cosmetic & personal care industry in countries such as India, China, and Japan is likely to propel the demand for paperboard packaging in Asia Pacific during the forecast period.
The global paperboard packaging market is moderately concentrated, with the top six players accounting for more than 60% of the market share in 2015. A few large market players have established their own distribution channels through subsidiaries and joint ventures. These companies typically offer products through supply agreements, distributors, and suppliers. A few paperboard manufacturers have partnered with logistics companies in order to diversify their field of operations and increase their presence across the value chain.
Major players in the paperboard packaging market include International Paper, STORA ENSO, NIPPON PAPER INDUSTRIES CO., LTD., Smurfit Kappa Group, WestRock Company, Mondi, ITC Limited, METSÄ GROUP, Clearwater Paper Corporation, Sappi, Bohui Group, and Svenska Cellulosa Aktiebolaget (SCA).
Paperboards are manufactured from wood pulp or layers of paper. The thickness of the paper piles defines the paperboard, which is usually large as compared to paper in order to maintain the weight to area ratio. According to International Organization for Standardization, the weight should be 224g/m2 to consider it as paperboard. Depending on application, paperboard can be a single ply or multi-ply. Paperboard offers good printing surface and excellent print quality. This makes it an ideal information carrier and brand builder. Paperboards are generally employed in cosmetics, clothing, footwear, and food industries.
The report comprises in-depth analysis and forecast of the paperboard packaging market on a global as well as regional level. The report includes forecast for the period from 2016 to 2024 in terms of volume (kilo tons) and revenue (US$ Mn). Quantitative data has been derived through extensive secondary research of the global paperboard packaging market. Secondary sources typically include company websites, relevant magazines, government documents, and press releases. The top-down approach has been adopted to derive the regional numbers from global revenue and volume figures. Furthermore, the bottom-up approach has been employed to derive data for various product segments based on demand for paperboard packaging in each geographic segment. A combination of top-down and bottom-up approaches helps in validation of the quantitative data. The data was further validated with the help of primary research with industry experts to ensure accuracy of derived numbers.
Detailed analysis of various factors driving the global paperboard packaging market has been included for astute decision making. Impact of these drivers during the forecast period has been included with data to substantiate research findings. Furthermore, factors restraining market growth have been included for better understanding of the market. Impact of these restraints has been analyzed over the forecast period. The report also comprises various opportunities available for market growth over the next eight years. Opportunities entail untapped or recently explored factors that are anticipated to drive the paperboard packaging market during the forecast period.
The report includes value chain analysis to help understand the industry thoroughly. Value chain analysis comprises detailed evaluation of the roles of various entities involved in the paperboard packaging industry, from raw material suppliers to end-users. Various processes employed in the manufacture of paperboard packaging have been included in the value chain analysis. Porter’s Five Forces model has been employed to determine the degree of competition in the market during the forecast period. Company market share analysis has been included for better understanding of the competitive landscape. Company market share has been derived by considering numerous factors such as sales and revenues, capacities, geographical presence, integration across value chain, and information available through primary research. Furthermore, market attractiveness analysis has been conducted to analyze product segments that are expected to be lucrative during the forecast period. This is based on various factors such as market size, growth rate, profitability, raw material procurement, and competition in each product segment.
Based on product type, the paperboard packaging market has been segmented into boxboard and containerboard. Boxboard includes folding, kraft, and laminated boxboards. Depending on the grade and processing of the boxboard, it can be further sub-segmented into folding boxboard (FBB), solid unbleached boxboard (SUB), solid bleached boxboard (SBB), and white lined chipboard (WLC). The report comprises detailed analysis of all the segments in the regional and global markets and forecast based on current and future trends in the industry in terms of volume (kilo tons) and revenue (US$ Mn). In terms of region, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Demand for paperboard packaging in each of its application segment has been analyzed and forecast for a period of eight years.
The report also comprises profiles of leading companies in the paperboard packaging market. These include International Paper, STORA ENSO, NIPPON PAPER INDUSTRIES CO., LTD., Smurfit Kappa Group, WestRock Company, Mondi, and ITC Limited. Various attributes of these companies such as company overview, business strategies, and recent developments form the core of the company profiles section.
This report segments the global paperboard packaging market as follows:
- Paperboard Packaging Market – Product Analysis
- Folding boxboard (FBB)
- Solid bleached boxboard (SBB)
- Solid unbleached boxboard (SUB)
- White line chipboard (WLC)
- Paperboard Packaging Market – Application Analysis
- Food & beverages
- Non-durable goods
- Durable goods
- Other (Including industrial goods, machinery, etc.).
- Paperboard packaging Market – Regional Analysis
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
- North America