March 30, 2020

Paperboard Market: Increasing usage for paperboard packaging will spur revenue growth during the forecast period

The latest market report published by Credence Research, Inc. “Paperboard Market: Growth, Future Prospects, and Competitive Analysis, 2019 – 2027” 

The Paperboard market was valued at US$ 184.64 Bn in 2018 and expected to reach US$ 273.19 Bn by 2027 at a CAGR of 4.5% throughout the forecast period from 2019 to 2027. The market size in terms of volume was 93.15 Mn MT in 2018 and is projected to reach 108.89 Mn MT in 2027 expanding at a CAGR of 1.8%.

Access Free Sample Copy of Research Report @ https://www.credenceresearch.com/sample-request/60185

Market Insights:

“Increasing usage for paperboard packaging will spur revenue growth during the forecast period”

Increasing popularity of paperboard packaging and growing manufacturing industry are driving growth in the paperboard market, especially in the developing economies. Increasing customer awareness for sustainable packaging material coupled with paper and paperboard recyclability are factors that proliferate demand on the global paperboard packaging market. Because of the benefits offered, manufacturers, retailers, and end-use customers find paperboard attractive.

Paperboard provides a combination of benefits including easy to use, eco-friendly nature, low handling costs and recyclability among others have a positive impact on the growth of paperboard market. For instance, Duchy Originals redesigned its chocolate boxes, light weighting them to cut volumes by almost 50% and rebranded themselves as sustainable and elegant. However paperboards are not used for heavy material packaging as they are unable to handle the mechanical stress.

Additionally, properties of paperboard including reusability, and sustainability among others are expected to further boost the market growth. Rising environmental concerns globally, promotion of paper products by governments and ban on usage of single-use plastic products are further proliferating the demand of paperboard market. Furthermore, high resolution graphics and double sided print of paperboard aids in strengthening brand promotion of products. As paperboard are produced from tree pulp, which results in deforestation, stringent regulations by governments for deforestation and increasing awareness among customers for the same is expected to hinder the market growth in the years to come.

Paperboard Market

Industrial Developments:

Access Free Sample Copy of Research Report @ https://www.credenceresearch.com/sample-request/60185

• In August 2019, Sappi Limited announced the acquisition of Rayonier’s Matane Pulp Mill. Through this acquisition Sappi’s pulp integration business will get enhanced in the North American and European packaging businesses.
• In April 2015, Nippon Paper Industries Co. Ltd., announced that it has entered into an agreement with TS Plastics. Through this acquisition Nippon has entered packaging market in Asia. TS Plastics is a flexible packaging company.

Key Market Movements:

• In 2018, the global paperboard market was valued US$ 184.64 Bn and is expanding at a CAGR of 4.5%. In terms of volume the market sales were 93.15 Mn Metric Tonnes in the same year and is expanding at a CAGR of 1.8%.
• Based on application, the market is classified into graphic printing and packaging. Packaging segment dominated the market owing to increasing global trend of paperboard packaging.
• Graphic printing segment is expanding at the highest CAGR due to adoption of double sided branding by companies in order to increase their brand promotion.
• Asia Pacific region dominated the global paperboard market in terms of market revenue. This can be associated with rapidly increasing packaging industry in the region, and high industrialization among others in the emerging economies.

List of Companies Covered:

• Metsa Group
• Sappi Limited
• Caraustar and Cascades Inc.
• Oji Holdings Corporation
• Nippon Paper Industries Co. Ltd.
• International Paper Company
• ITC Limited
• Paper Works Industries
• Shandong Bohui Paper Group Co., Ltd
• Kappa Group plc.

Browse the full report at https://www.credenceresearch.com/report/paperboard-market

About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Contact:

Credence Research Inc

Name: Chris Smith (Global Sales Manager)

E-mail: sales@credenceresearch.com

Ph: 1-800-361-8290

Web:  https://www.credenceresearch.com  

Leave a Reply

Your email address will not be published. Required fields are marked *