Paper and Paperboard Packaging Market Research Report – Forecast to 2023

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Paper and Paperboard Packaging Market Research
Report By Forecast To 2022
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2022
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Paper and Paperboard Packaging Market Research
Report - Forecast to 2022
Global Paper paperboard packaging Market
Information by Type (Corrugated Boxes, Boxboard,
and Paper bags), by Grade (Folding boxboard,
Solid bleached sulfate, White line chipboard,
Coated unbleached kraft board and others), by
Application (Personal care, Electronics, Food
Beverages, Healthcare, and Others) and by Region
- Forecast to 2022
Paper and Paperboard Packaging is a process of
protecting the products using materials such as
aluminum and steel for storage, distribution,
sale, and use. This packaging is used in various
industries such as food beverages,
pharmaceuticals, chemicals, and personal care.
The demand for the Paper and Paperboard Packaging
has witnessed strong growth over the last few
years due to increasing disposable income and
changing consumer preferences. According to the
MRFR analysis, the global Paper and Paperboard
Packaging market is growing at a rapid pace and
is expected to gain a significant momentum over
the forecast period. The global Paper and
Paperboard Packaging market is estimated to grow
at a CAGR of 3.29 during the estimated period,
2017-2022. The Paper and Paperboard Packaging
market is compelled by various factors such as
increased consumption of packed foods
beverages. According to beverage can makers, the
energy drink category remains to be a vital
driver for soft drink cans. The European market
for energy drinks increased in size by 6 in
2015, and now nearly 2 in every 3 liters of
energy drinks are sold in cans. Increase in
demand for food has triggered the metal can
manufacturers to invest in design and
manufacturing technologies, which aids in
offering metal cans with improved functional and
storage features, have also been a key factor
triggering the growth in the soft drinks end-use
sector.
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Paper and Paperboard Packaging Market Research
Report - Forecast to 2022
Segmentation and Regional Analysis
On the basis of the regions, the global Paper and
Paperboard Packaging market is segmented into
North America, Europe, Asia Pacific, and Rest of
the World (RoW). North America accounted for the
largest market share of 34.9 in 2015, followed
by Europe, which is expected to grow at a CAGR of
2.70 during the forecast period. The U.S. is
dominating the Paper and Paperboard Packaging
market in the North American region due to high
dependency on canned food and beverages. The
scarcity of time and smaller family sizes are
thrusting the demand for canned food beverages,
thereby driving the growth of the Paper and
Paperboard Packaging market. Asia Pacific Paper
and Paperboard Packaging market is expected to
grow fastest at a CAGR of 4.30 from 2016 to
2022. China, Japan, India, and Thailand are the
key contributor to Asia Pacific market. China is
the worlds largest consumer market for food and
beverage (FB) products. As per China Britain
Business Council, China crossed the United States
in 2011 in terms of food beverage industry.
Growing number of supermarkets in the region is
also expected to boost the demand for Paper and
Paperboard Packaging products. Based on the
product, the market is segmented into cans, drums
barrels, caps closures, and others. Cans
segment dominated the global Paper and Paperboard
Packaging market with 45.5 of share in 2015 and
is expected to grow at a CAGR of 3.47 during the
forecast period. Cans are one of the most widely
used package types, and they have become
increasingly popular in developed and developing
countries during the past few years. Based on the
application, the market is segmented into food,
beverages, chemical, personal care, and others.
Beverage segment dominates the market with 30.5
of share in 2015 and is expected to grow at a
CAGR of 3.17 during the forecast period.
Increase in consumption of alcoholic and
non-alcoholic beverages across the globe have
increased the demand for metal cans in the
beverage segment. Food was the second-largest
market, valued at USD 20,543.3 million in 2015
it is projected to grow at a CAGR of 3.40.
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Paper and Paperboard Packaging Market Forecast To
2022
Paper and Paperboard Packaging Market-By
Segment
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Paper and Paperboard Packaging Market Forecast To
2022
Key Players
The prominent players in the Paper and Paperboard
Packaging include Amcor Ltd. (Australia), Ardagh
Group (Luxembourg), CPMC Holdings Ltd. (China),
Crown Holdings (U.S.), Grief Incorporated (U.S.),
Silgan Holdings Inc. (U.S.), Rexam Plc. (U.K.),
Toyo Seikan Kaisha Ltd. (Japan), Ball Corporation
(U.S.), and Huber Packaging (Germany).
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