Paperboard Packaging Market
Global Paperboard Packaging Market Size, Share & Trends Analysis Report by Grade (Cartonboard, and Containerboard), By Product Type (Folding Cartons, and Corrugated Boxes), By End-User Industry (Food and Beverage, Healthcare, Personal Care, Household Care, and Electrical Products) Forecast Period 2022-2028 Update Available - Forecast 2024-2030
The global market for paperboard packaging is projected to have a considerable CAGR of around 3.4% during the forecast period. Paperboard is quite commonly used for packaging food and beverage products including juices, milk, and cereal products. Paperboard packaging is easy to easy buy, easy to recycle, and easy to re-seal. Paper-based packaging has gained significant traction due to its environment-friendly properties. Customers have started preferring eco-friendly products over traditional non-paperboard-based products. Moreover, intense pressure from governments, activist organizations, and the media has driven manufacturers to make their packaging and operations more sustainable, boosting the growth of the global paperboard packaging market over the forecast period. However, these types of packaging are having a higher carbon footprint than plastic, create a lot of methane when rotting in landfills, and are difficult for single-stream recycling due to contamination. Therefore, these factors restrain the growth of the market.
Impact of COVID-19 on Paperboard Packaging market
The COVID-19 has a significant impact on the paperboard packaging market. The shift towards digital shopping had been underway when the COVID-19 pandemic hit. China is the largest market, followed by the U.S., Japan, the UK, and Germany. The pandemic has further accelerated this shift. The implementation of mobility restrictions to combat the virus's spread resulted in a surge in online demand for a variety of goods and services. COVID-19 has accelerated the shift toward digital living and eCommerce. As eCommerce gains momentum, the importance of packaging in this modern generation is becoming more evident. As a result of this shift, packaging technologies that enable faster delivery and improved content protection from shock and temperature variations are in high demand.
Segmental Outlook
The global paperboard packaging market is segmented based on grade, product type, and end-user industry. Based on the grade, the market is further classified into carton board and containerboard. Based on product type, the market is segregated into folding cartons and corrugated boxes. Further, based on the end-user industry the market is classified into food and beverage, healthcare, personal care, household care, and electrical products.
Global Paperboard Packaging Market Share by End-User, 2021 (%)
Food and beverage segment are considered the dominating segment in the global Paperboard Packaging market.
Among the end-user industry, the food and beverage segment is estimated as dominating segment during the forecast period. Coated unbleached boards and corrugated container boards are commonly used in the food and beverage industry to package beverages and fruits, vegetables, and other goods. The demand for labeled and packaged products is increasing as a result of changing lifestyles and a growing young population. According to the Flexible Packaging Association, the beverage industry accounts for about half of the packaging market in the US. Over 30% of Americans order food twice a week, and this number is anticipated to rise by 3% in the coming years. Furthermore, demand is being fuelled by on-the-go consumption in countries such as China, India, and Japan. Food and beverage consumption is constantly on the rise in these countries which is propelling the paperboard packaging market.
Regional Outlook
Geographically, the global paperboard packaging market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). North America is projected to have a significant share in the paperboard packaging market. The growth is attributed to the presence of a large number of players operating in the country and rising demand for packaged food in the U.S. and shifting consumer preference towards food & beverages products. Other factors projected to fuel the target market's growth over the forecast period include rising environmental concerns about the usage of plastics and various organizations and governments' focus on the development of sustainable packaging materials.
Global Paperboard Packaging Market Growth, by Region 2021-2027
Asia-Pacific to Hold a Considerable CAGR in the Global Paperboard Packaging Market
Geographically, Asia-Pacific is projected to hold a significant CAGR in global paperboard packaging market. The e-commerce industry has emerged as a significant player in the region, with Amazon using corrugated board boxes for the principal packaging and relying on plastic packaging for individual items. Moreover, vendors of paper packaging in the region are expected to expand their production facilities in order to meet the rising demand. For instance, TetraPak Binh Duong has one of the largest capacity factories in Vietnam's paper industry; the company can produce about 12 billion paper boxes/ year and can expand to 20billion paper boxes a year.
Market Players Outlook
The key players in the paperboard packaging market contribute significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market are Nippon Paper Industries Co. Ltd, Mondi PLC., WestRock Company Oji Holdings Corp among others. These market players adopt various strategies such as product launches, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. In September 2020, Mondi PLC collaborated with BIOhof Kirchweidach, a Bavarian organic farm, to develop a sustainable packaging solution for 500g packets of tomatoes on the vine that will be sent to REWE Group's PENNY stores. The project's goal is to replace the existing packaging, which contained 2.5 g of plastic film in each box, with a recyclable and plastic-free alternative.
The Report Covers
- Market value data analysis of 2022 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Paperboard Packaging market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying 'who-stands-where in the market.
1. Report Summary
1.1. Research Methods and Tools
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Paperboard Packaging Industry
• Recovery Scenario of Global Paperboard Packaging Industry
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.4. Impact of COVID-19 on key players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Paperboard Packaging Market by Grade
5.1.1. Cartonboard
5.1.2. Containerboard
5.2. Global Paperboard Packaging Market by Product Type
5.2.1. Folding Cartons
5.2.2. Corrugated Boxes
5.3. Global Paperboard Packaging Market by End-User Industry
5.3.1. Food and Beverage
5.3.2. Healthcare
5.3.3. Personal Care
5.3.4. Household Care
5.3.5. Electrical Products
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. ASEAN
6.3.5. South Korea
6.3.6. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Amcor plc
7.2. Cascades Inc.
7.3. Clearwater Paper Corp
7.4. DS Smith PLC
7.5. Graphic Packaging International
7.6. Henry Molded Products Inc
7.7. International Paper Company
7.8. ITC Ltd
7.9. Metsä Board Oyj
7.10. Mondi Group
7.11. Nippon Paper Industries Ltd
7.12. Oji Holdings Corporation
7.13. Packaging Corporation of America
7.14. Rengo Co. Ltd
7.15. Seaboard Folding Box Company Inc.
7.16. Smurfit Kappa Group
7.17. Sonoco Products Company
7.18. UFP Technologies, Inc.
7.19. Visy Industries Pty Ltd
7.20. WestRock Company
1. GLOBAL PAPERBOARD PACKAGING MARKET RESEARCH AND ANALYSIS BY GRADE, 2021-2028 ($ MILLION)
2. GLOBAL CARTONBOARD PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL PAPERBOARD PACKAGING CONTAINERBOARD MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL CONTAINERBOARD PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL PAPERBOARD PACKAGING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
6. GLOBAL FOLDING CARTONS PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL CORRUGATED BOXES PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL PAPERBOARD PACKAGING MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
9. GLOBAL PAPERBOARD PACKAGING IN FOOD AND BEVERAGE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL PAPERBOARD PACKAGING IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL PAPERBOARD PACKAGING IN PERSONAL CARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL PAPERBOARD PACKAGING IN HOUSEHOLD CARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL PAPERBOARD PACKAGING IN ELECTRICAL PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL PAPERBOARD PACKAGING MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN PAPERBOARD PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. NORTH AMERICAN PAPERBOARD PACKAGING MARKET RESEARCH AND ANALYSIS BY GRADE, 2021-2028 ($ MILLION)
17. NORTH AMERICAN PAPERBOARD PACKAGING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
18. NORTH AMERICAN PAPERBOARD PACKAGING MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
19. EUROPEAN PAPERBOARD PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. EUROPEAN PAPERBOARD PACKAGING MARKET RESEARCH AND ANALYSIS BY GRADE, 2021-2028 ($ MILLION)
21. EUROPEAN PAPERBOARD PACKAGING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
22. EUROPEAN PAPERBOARD PACKAGING MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC PAPERBOARD PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC PAPERBOARD PACKAGING MARKET RESEARCH AND ANALYSIS BY GRADE, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC PAPERBOARD PACKAGING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC PAPERBOARD PACKAGING MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
27. REST OF THE WORLD PAPERBOARD PACKAGING MARKET RESEARCH AND ANALYSIS BY GRADE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD PAPERBOARD PACKAGING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
29. REST OF THE WORLD PAPERBOARD PACKAGING MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL DIGITAL WORKPLACEMARKET, 2021-2028 (% MILLION)
2. IMPACT OF COVID-19 ON GLOBAL DIGITAL WORKPLACEMARKET BY SEGMENT, 2021-2028 (% MILLION)
3. RECOVERY OF GLOBAL DIGITAL WORKPLACE MARKET, 2021-2028 (%)
4. GLOBAL PAPERBOARD PACKAGING MARKET SHARE BY GRADE, 2021 VS 2028 (%)
5. GLOBAL PAPERBOARD PACKAGING MARKET SHARE BY PRODUCT TYPE, 2021 VS 2028 (%)
6. GLOBAL PAPERBOARD PACKAGING MARKET SHARE BY END-USER INDUSTRY, 2021 VS 2028 (%)
7. GLOBAL CARTONBOARD PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
8. GLOBAL CONTAINERBOARD PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
9. GLOBAL FOLDING CARTONS PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
10. GLOBAL CORRUGATED BOXES PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
11. GLOBAL PAPERBOARD PACKAGING IN FOOD AND BEVERAGE MARKET SIZE, 2021-2028 ($ MILLION)
12. GLOBAL PAPERBOARD PACKAGING IN HEALTHCARE MARKET SIZE, 2021-2028 ($ MILLION)
13. GLOBAL PAPERBOARD PACKAGING IN PERSONAL CARE MARKET SIZE, 2021-2028 ($ MILLION)
14. GLOBAL PAPERBOARD PACKAGING IN HOUSEHOLD CARE MARKET SIZE, 2021-2028 ($ MILLION)
15. GLOBAL PAPERBOARD PACKAGING IN ELECTRICAL PRODUCTS MARKET SIZE, 2021-2028 ($ MILLION)
16. US PAPERBOARD PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
17. CANADA PAPERBOARD PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
18. UK PAPERBOARD PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
19. FRANCE PAPERBOARD PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
20. GERMANY PAPERBOARD PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
21. ITALY PAPERBOARD PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
22. SPAIN PAPERBOARD PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
23. ROE PAPERBOARD PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
24. INDIA PAPERBOARD PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
25. CHINA PAPERBOARD PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
26. JAPAN PAPERBOARD PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
27. ASEAN PAPERBOARD PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
28. SOUTH KOREA PAPERBOARD PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF ASIA-PACIFIC PAPERBOARD PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF THE WORLD PAPERBOARD PACKAGING MARKET SIZE, 2021-2028 ($ MILLION)
