Paperboard Packaging Market trends research and projections for 2017-2024

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Paperboard Packaging Market outlook, regional
growth industry share by 2017 to 2024
Paperboard Packaging 2016 2024 Market Size
USD 130 Bn in 2016 Forecast Market USD 240 Bn by
2024
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Global Market Scenario of Paperboard Packaging
Industry

• Paperboard Packaging Market size will likely
  surpass USD 240 billion by 2024 according to a
  new research report by Global Market Insights,
  Inc.
• Corporate lifestyle of people and odd working
  hours result in home delivering and on-the-go
  eating habits. These factors are boosting the
  packaged food industry in the emerging countries.
  Rising number of working women in these countries
  is also one of the factors driving the packaged
  food industry in these regions. China is one of
  the leading packaged food manufacturer with huge
  bakery, processed food, sauces, dressings, and
  baby food production.
• In 2016, China packaged food market was valued
  over USD 275 billion and is poised to grow at a
  significant rate in the forecast period.
  Increasing consumption of such packaged food
  beverages by consumers in the emerging countries
  due to rapidly changing lifestyles will
  positively influence the paperboard packaging
  industry in coming years.

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Continue-

• Plastic, metal, and glass packaging are a few
  factors that may affect paperboard packaging
  market in coming years. Plastic is a widely used
  substitute product used for packaging purposes.
  The abundant availability of paper and paperboard
  material for packaging purposes and safety
  regulations pertaining to plastic usage however
  results in a traditional use of paperboard
  packaging all over the world.
• Few of the shortcomings faced by the paperboard
  packaging market include the higher costs than
  plastics and the durability. The products are not
  inherently water resistant and need extra
  protection layers of plastic to prevent moisture
  damage. These factors shall act as restraints for
  the global paperboard packaging market.

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• Application Analysis-
• Considering application, paperboard packaging
  market is segmented into medical, non-durable
  goods, durable goods, food beverages and
  others. The others segment includes machineries
  and industrial goods. Development in food
  beverage industry, and increasing packed food
  consumption will positively influence the
  paperboard packaging market. It is one of the
  fastest growing segment and will exhibit growth
  with CAGR of over 8 in the forecast spell.
• Products Analysis-
• Considering products, the paperboard packaging
  market is bifurcated into containerboard and
  boxboard. The manufacturing process of
  containerboard is done on modified paper machines
  as they have the ability to handle superior
  grammages. The segment will grow at an
  exponential CAGR of over 8.5 from 2017 to 2024.
• Boxboard segment is additionally bifurcated as
  white lined chipboards, solid bleached boards,
  solid unbleached boards and folding boxboards.
  The white lined chipboard segment will surpass
  USD 30 billion by 2024.

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• Regional Analysis
• Paperboard packaging market is classified on the
  basis of region where Asia Pacific held a
  significant share in 2016 and is set to surpass
  USD 175 billion by the end of the forecast
  period. Rising industrial activities and
  developing cosmetic, electronic and food
  beverages industry is set to fuel the regional
  paperboard packaging market demand. Europe market
  will exhibit growth at a decent rate in the
  predicted period due to the developed market in
  this region paired with the supportive
  governmental norms.
• Competitive Analysis
• Key players present in the paperboard packaging
  market are Badger Paperboard, Southern Champion
  Tray, Outlook Group LLC, Svenska Cellulosa
  Aktiebolaget (SCA), Smurfit Kappa Group, Shandong
  Bohui Paper, South African Pulp Paper
  Industries Limited (Sappi Limited), Stora Enso
  Oyj, Rock-Tenn Company, Oji Holding Corporation,
  Metsa Group, International Paper Company, ITC
  Limited, Mondi, Nippon Paper Industries, and
  others.

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