Paperboard Packaging Market – Growth, Trends, and Forecast (2019 – 2024)

The Market is segmented by Product Type (Corrugated and Solid Fiber Boxes, Folding Paperboard Boxes, and Set-up Paperboard Boxes), End-user Industry (Food and Beverage, Non-food Nondurable Goods, Durable Goods, and Non-manufacturing), and Geography.

Market Snapshot

Paperboard Packaging Market - Market Summary
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The market for paperboard packaging is expected to expand at a CAGR of more than 4.5% during the forecast period of 2019–2024. Major factors driving the market studied are the growth in e-commerce sales and increasing demand for folded carton packaging. However, availability of high-performance substitutes is expected to hinder the growth of the market studied.

  • Advancement in packaging machinery and paper converting equipment is likely to act as an opportunity in the future.
  • Asia-Pacific dominated the market across the world with the largest consumption in 2018.

 

Scope of the Report

The paperboard packaging market report includes:

By Product Type
Corrugated and Solid Fiber Boxes
Folding Paperboard Boxes
Set-up Paperboard Boxes
By End-user Industry
Food and Beverage
Non-food Nondurable Goods
Durable Goods
Non-manufacturing
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand from Food and Beverage

  • The food and beverage industry is the largest end user for the paperboard packaging market and accounts for more than half of the global market share.
  • The food and beverage industry majorly utilizes coated unbleached boards for packaging of beverages, and corrugated container boards for packaging of fruits, vegetables, and food products. The acceleration of frozen foods is likely to drive the demand for folding carton packaging.
  • Change in lifestyle and a growing young population lead to a higher demand for branded and packaged substances.
  • According to the Flexible Packaging Association, the beverage sector in the United States accounted for nearly 50% of the packaging market. Currently, over 30% of the Americans order food twice a week, and this is expected to grow at 3% in the coming years.
  • Moreover, on-the-go consumption, in countries like India, China, Japan, is further fuelling the demand. In countries, such as China and India, the food and beverage demand is always on a higher side, which is subsequently driving the paperboard packaging market.
  • Such positive growth in the food and beverage industry is expected to increase the demand for paperboard packaging during the forecast period.
Paperboard Packaging Market - Segmentation

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Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region holds significant potential for development, in terms of the most prospective countries.
  • In terms of consumption, in 2018, Asia-Pacific held a significant market share, followed by Europe.
  • Whereas, North America is expected to display a sluggish growth in the global paperboard packaging market, as the market is matured in this region.
  • There has been an increasing migration of rural population to cities, which is likely to reinforce the consumption patterns of packaged food.
  • It is predicted that nearly two-thirds of the people across the world may live in cities in the coming years.
  • The Asia-Pacific paperboard packaging market is also expected to grow at a high rate, owing to emerging food and beverage, electronics, cosmetics, and pharmaceutical industries, due to economic development.
Paperboard Packaging Market - Regional Trend

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Competitive Landscape

The global paperboard packaging market is fragmented. The major companies include NIPPON PAPER INDUSTRIES CO. LTD, Mondi, METSÄ BOARD, WestRock Company, and ITC Limited, among others.

Major Players

  1. NIPPON PAPER INDUSTRIES CO. LTD
  2. Mondi
  3. METSÄ BOARD
  4. WestRock Company
  5. ITC Limited

* Complete list of players covered available in the table of contents below

Paperboard Packaging Market - Market Concentration

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand for Folded Carton Packaging

      2. 4.1.2 Growth in E-commerce Sales

    2. 4.2 Restraints

      1. 4.2.1 Health Hazards Associated with Recycled Paperboards

      2. 4.2.2 Availability of High-performance Substitutes

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Corrugated and Solid Fiber Boxes

      2. 5.1.2 Folding Paperboard Boxes

      3. 5.1.3 Set-up Paperboard Boxes

    2. 5.2 By End-user Industry

      1. 5.2.1 Food and Beverage

      2. 5.2.2 Non-food Nondurable Goods

      3. 5.2.3 Durable Goods

      4. 5.2.4 Non-manufacturing

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

        4. 5.3.2.4 Rest of North America

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Bell Incorporated

      2. 6.4.2 Caraustar

      3. 6.4.3 Graphic Packaging International LLC

      4. 6.4.4 Greif

      5. 6.4.5 Huhtamaki

      6. 6.4.6 International Paper

      7. 6.4.7 ITC Limited

      8. 6.4.8 METSÄ BOARD

      9. 6.4.9 Mondi

      10. 6.4.10 NIPPON PAPER INDUSTRIES CO. LTD

      11. 6.4.11 Packaging Corporation of America

      12. 6.4.12 Smurfit Kappa

      13. 6.4.13 Sonoco Products Company

      14. 6.4.14 U.S. Corrugated Inc.

      15. 6.4.15 Visy

      16. 6.4.16 WestRock Company

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Advancement in Packaging Machinery and Paper Converting Equipment

**Subject to Availability

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