Paper & Paperboard Packaging Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

 The Paper & Paperboard Packaging Market is expected to grow at a steady rate of around 5% owing to the increasing awareness regarding sustainable packaging material from quick-service restaurant and e-commerce retailers coupled with stringent regulations around the world against using plastic packaging material.

Paper & paperboard packaging material is made up of pulp, which is derived from wood as well as a non-wood source such as straw, bamboos, among others. Wood pulp is available widely and is increasingly generated by the recycling of the paper. Sustainable nature and low cost of the wood pulp makes paper & paperboard packaging an ideal packaging for end-use industries. Therefore, increasing demand from industries such as food & beverages, personal care & cosmetics, and others coupled with rising awareness and demand for eco-friendly packaging is expected to fuel the growth for paper & paperboard packaging during the forecast period. In addition, the rise in disposable income and an emerging number of working professionals coupled with a busy and hectic life schedule is the flourishing restaurant industry as well as e-commerce industry. Thus, creating demand for sustainable paper and paperboard packaging from consumer goods & retail and food & beverages industry

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According to UnivDatos Market Insights (UMI)’ research report “Global Paper & Paperboard Packaging Market”, the market is expected to witness robust growth during the forecast period (2022-2028).  A growing number of food service outlets across countries is contributing to the growth of the market. As per the U.S department of agriculture, the food service and food retailing industries supplied about US$1.79 trillion worth of food in 2019. In 2020, the food service and food retailing industries supplied about US$1.69 trillion worth of food.

Based on grade, the market is segmented into Solid Bleached Sulfate (SBS), Coated unbleached kraft paperboard (CUK), Folding boxboard (FBB), White Lined Chipboard (WLC), Glassine & Greaseproof Paper, Label Paper, and Others. The paperboard segment grabbed a considerable market share in 2020. Paperboards are the primary materials for production of containers such as folding cartons and paper cups, and coated boards are used in the largest quantity.   Solid bleached sulfate (SBS) paperboard contains at least 80% virgin bleached wood pulp. Most gable top and aseptic drink packages are composed of SBS paperboard.

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Based on application, the market is categorized into Food & Beverage, Healthcare, Personal & Homecare, and Others. The food & beverage segment grabbed the major market share and dominated the market in 2020. The key reasons for the growth of this segment in the emerging hospitality sector coupled with the rising number of tourists, which demands ready-to-eat convenience food. According to the World Bank, the number of international departures more than doubled between 1997 and 2017, from 687 million to 1.57 billion per annum. Moreover, the number of hotel rooms globally had risen by 17.7% since 2008 to 17 million in 2018.

APAC to witness extensive growth

For a better understanding of the market adoption of the Paper & Paperboard Packaging industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period owing to the growing number of food and beverage manufacturing establishments. However, the North American region would witness considerable growth during the forthcoming years.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Paper & Paperboard Packaging market are Amcor plc, ITC limited, Cascades limited, Rock Tenn Company, Clean water paper corporation, Packaging Corporation of America, DS Smith Plc, Mondi group, Metsa group, Nippon paper industries Co Ltd.

“Global Paper & Paperboard Packaging Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.        

Market Segmentation:

1.      By Grade (Solid Bleached Sulfate (SBS), Coated unbleached kraft paperboard (CUK), Folding boxboard (FBB), White Lined Chipboard (WLC), Glassine & Greaseproof Paper, Label Paper, Other)

2.      By Type (Corrugated Box, Boxboard, and Flexible Paper)

3.      By Application (Food & Beverage, Healthcare, Personal & Homecare, Others)

4.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

5.      By Company (Amcor plc, ITC limited, Cascades limited, Rock Tenn Company, Clean water paper corporation, Packaging Corporation of America, DS Smith Plc, Mondi group, Metsa group, Nippon paper industries Co Ltd.)

Key questions answered in the study:

1.      What are the current and future trends of the global Paper & Paperboard Packaging industry?

2.      How the industry has been evolving in terms of type, drive type, and application?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global Paper & Paperboard Packaging industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global Paper & Paperboard Packaging suppliers across various region and countries?