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Paperboard Packaging Market 2021 Analysis by Sales, Demand, Trends, Consumption and Growth, Forecast 2030

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The global paperboard packaging market was estimated at US$ 147.28 billion in 2020 and is expected to hit US$ 206.5 billion by 2030, registering a CAGR of 3.5% from 2021 to 2030, as per reports by market research and consulting organisation Precedence Research.

The report contains 150+ pages with detailed analysis. The report provides an in-depth analysis of the market size, share, emerging and current trends, future estimations, and key players.

Paperboard packaging comes in a variety of grades, each with its own set of characteristics that make it suited for a variety of packaging applications. Paperboard can be readily cut and moulded, is lightweight, and is utilised in packaging because to its strength. It is a thick paper-based substance that is utilised in packaging applications. Wood pulp is the basic ingredient used to make paperboard. Paperboard is recycled in big quantities to help minimise deforestation and trash.

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Crucial factors accountable for market growth are:

  • The expansion of the e-commerce business
  • Consumers rising worries about the environmental impact of packaging wastes
  • Growth in food packaging and ever-increasing need for corrugated packaging

Report Highlights

  • Based on raw materials, the recycling sector accounted for almost half of the market in 2020, owing to the fact that it can be recycled as fiber and utilized to produce new paperboard goods.
  • Solid unbleached board (SUB) is the most dominating segment in the paperboard packaging market. SUB (Solid Unbleached Board) is a type of boxboard manufactured from unbleached chemical pulp. It is often offered with two or three layers of color coatings.
  • Food and beverages have emerged as the leading application sector in the paperboard packaging industry, accounting for almost half of the market share in 2020.

Market Dynamics

Driver – The food and beverage sector are the most important end-user of paperboard packaging, accounting for more than half of the global market share. The food and beverage sector mostly uses coated unbleached boards for beverage packaging and corrugated container boards for fruit, vegetable, and food product packaging. The increasing popularity of frozen meals is expected to stimulate demand for folding carton packaging. Changes in lifestyle and an increasing youthful population drive up demand for branded and packaged goods. According to the Flexible Packaging Association, the beverage industry accounts for about half of the packaging market in the United States. Currently, more than 30% of Americans order meals twice a week, and this figure is predicted to rise by 3% in the coming years.

Restraint – Intense rivalry among paper and paperboard packaging producers is a major factor limiting market expansion. Furthermore, the industry’s present fragmentation as a result of rising concentration of small and medium size producers and converters is a significant factor acting as a limitation on the growth of the worldwide paper and paperboard packaging market.

Opportunity – The government’s efforts to minimize plastic will open up new chances for the paperboard packaging business. The government is encouraging paper recycling, which will help the environment. For example, the government announces the Plastic Waste Management Amendment Rules, 2021, which limit the use of some single-use plastic goods by 2022. The thickness of plastic carry bags increased from 50 to 75 millimeters on September 30, 2021, and to 120 microns on December 31, 2022. Such regulations will have an influence on the expansion of businesses in the paperboard packaging industry.

Paper and paperboard have had a renaissance, spurred by anti-plastic sentiment and a growing worldwide need for built-in recyclability. Paper is not only a naturally renewable, recyclable, and biodegradable material; it can also add value to packaging by giving it a “natural” appearance in an increasingly eco-conscious consumer market. For example, in the UK introduction of the JUST water brand, a product packaged in 54% paper, 28% plant-based plastic, 3% aluminum, and 15% protective plastic film (with a sugarcane cap), paper is used to lower the total plastic percentage, hence enhancing the pack’s overall renewability.

Challenges – The unpredictability of raw material availability will provide a challenge to sectors that rely on paperboard packaging. The demand for paperboard packaging is increasing, but the supply is insufficient. End-users such as bioenergy firms are expanding their demand for household wood supplies. Increasing the sustainable mobilization of wood and developing new technologies for further optimizing the added value from raw materials through cascading use of wood (cascading contributes to greater resource efficiency and, as a result, reduces pressure on the environment) would aid in matching wood supply and demand.

The rising volume of recovered paper exports to non-European nations may potentially put a strain on supplies. The rise in European energy prices, along with the rise in gas prices in North America, has put the sector at a global competitive disadvantage. Energy, environmental, and transportation policy will all have a big impact on the sector’s future. A strong regulatory framework is essential for long-term growth and investor confidence.

Regional Snapshots

The Asia Pacific paperboard packaging market produced the most revenue in the worldwide paperboard packaging market, and this trend is expected to continue during the forecast period. The United States government imposed a 10% tax on Chinese folding cartons in 2018, with the levy set to rise to 25% in January 2019. However, in December 2018, the US and China agreed to a temporary delay of any tariff increases. Tariff increases are projected to promote local manufacturing and hasten the shift to flexible packaging types. This is likely to boost market growth throughout the forecast period.

North America is the fastest expanding market for paperboard packaging materials, with a slew of companies present. In 2018, North America consumed 74.21 million metric tonnes of paper and paperboard. According to FAO and UNECE data, this is the case.

Competition Landscape

In the final section of the research report, Precedence Research provided the global paperboard packaging market structure and a detailed competition landscape to provide a dashboard view of key players operating in the paperboard packaging market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the paperboard packaging market include:

  • Nippon Paper Industries Co., Ltd.
  • Stora Enso
  • South African Pulp & Paper Industries
  • Mondi plc
  • ITC Limited
  • Smurfit Kappa Group
  • Oji Holding Corporation
  • International Paper Group
  • Svenska Cellulosa Aktiebolaget

Market Segmentation

By Raw Material

  • Fresh Source
    • Wood pulp
    • Others
  • Recycled Waste Paper

By Product

  • Boxboard
    • Folding boxboard (FBB)
    • Solid unbleached board (SUB)
    • Solid bleached board (SBB)
    • White lined chipboard (WLC)
  • Containerboard

By Application

  • Food & beverages
  • Non-durable goods
  • Durable goods
  • Medical
  • Others

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Why should you invest in this report?

If you are aiming to enter the global paperboard packaging market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for paperboard packaging are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Paperboard Packaging Market 

5.1. COVID-19 Landscape: Paperboard Packaging Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Paperboard Packaging Market, By Product

8.1. Paperboard Packaging Market, by Product Type, 2021-2030

8.1.1. Boxboard

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Containerboard

8.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Paperboard Packaging Market, By Application

9.1. Paperboard Packaging Market, by Application, 2021-2030

9.1.1. Food & beverages

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Non-durable goods

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Durable goods

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Medical

9.1.4.1. Market Revenue and Forecast (2019-2030)

9.1.5. Others

9.1.5.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Paperboard Packaging Market, By Raw Material 

10.1. Paperboard Packaging Market, by Raw Material, 2021-2030

10.1.1. Fresh Source (Wood pulp, Others)

10.1.1.1. Market Revenue and Forecast (2019-2030)

10.1.2. Recycled Waste Paper

10.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 11. Global Paperboard Packaging Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Product (2019-2030)

11.1.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.3. Market Revenue and Forecast, by Raw Material (2019-2030)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.1.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.4.3. Market Revenue and Forecast, by Raw Material (2019-2030)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.1.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.5.3. Market Revenue and Forecast, by Raw Material (2019-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.3. Market Revenue and Forecast, by Raw Material (2019-2030)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.4.3. Market Revenue and Forecast, by Raw Material (2019-2030)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.5.3. Market Revenue and Forecast, by Raw Material (2019-2030)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.6.3. Market Revenue and Forecast, by Raw Material (2019-2030)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.7.3. Market Revenue and Forecast, by Raw Material (2019-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.3. Market Revenue and Forecast, by Raw Material (2019-2030)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.4.3. Market Revenue and Forecast, by Raw Material (2019-2030)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.5.3. Market Revenue and Forecast, by Raw Material (2019-2030)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.6.3. Market Revenue and Forecast, by Raw Material (2019-2030)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.7.3. Market Revenue and Forecast, by Raw Material (2019-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.3. Market Revenue and Forecast, by Raw Material (2019-2030)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.4.3. Market Revenue and Forecast, by Raw Material (2019-2030)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.5.3. Market Revenue and Forecast, by Raw Material (2019-2030)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.6.3. Market Revenue and Forecast, by Raw Material (2019-2030)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.7.3. Market Revenue and Forecast, by Raw Material (2019-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.3. Market Revenue and Forecast, by Raw Material (2019-2030)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.5.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.4.3. Market Revenue and Forecast, by Raw Material (2019-2030)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.5.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.5.3. Market Revenue and Forecast, by Raw Material (2019-2030)

Chapter 12. Company Profiles

12.1. Nippon Paper Industries Co., Ltd.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Stora Enso

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. South African Pulp & Paper Industries

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Mondi plc

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. ITC Limited

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Smurfit Kappa Group

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Oji Holding Corporation

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. International Paper Group

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Svenska Cellulosa Aktiebolaget

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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