The global paperboard container market size was valued at $135,481.0 million in 2021, and is projected to reach $207,396.1 million by 2031, registering a CAGR of 4.3% from 2022 to 2031. The paperboard is defined by the thickness of the paper piles; it is often greater than paper to preserve the weight-to-area ratio. For example, the weight must be 224g/m2 for the International Organization for Standardization to classify it as paperboard. Paper layers or wood pulp are used to make paperboards. Paperboard creates a great information carrier and brand builder, since it has a superb printing surface and outstanding print quality.
In addition, the cosmetics, apparel, footwear, and food sectors, all use paperboard for packaging the products. Paperboard is a durable, light-weight, smooth, adaptable, and reasonably priced packaging material. Paperboards can be recycled to a degree of around 70%, which makes them superior than plastics, metals, and glassware as sustainable packaging materials. Moreover, consumers choose paper and paperboard containers over plastic since they are now biodegradable and more environmentally friendly. Containers made of paper and paperboard are reusable, recyclable, energy-efficient, and protect natural resources. As a result, all such factors are driving the paperboard container market growth.
Various key players are implementing strategic moves such as collaboration, product launch and business expansion to strengthen its market position. For instance, in November 2021, Oji Holdings Corporation announced the establishment of a new corrugated container plant in Vietnam. This has further helped the company to increase its production volume of corrugated boxes in the Asia-Pacific region. This is anticipated to fuel the global paperboard container market.
The market is segmented on the basis of board type, size, end user, and region. On the basis of board type, the market is divided into paperboard and containerboard. On the basis of size, the market is divided into up to 150 ml, 151 ml to 300 ml, 301 ml to 500 ml, and above 500 ml. On the basis of end users, the market is divided into food and beverages, industrial product, healthcare, and others. Region-wise, the global paperboard container market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
In addition, the cosmetics, apparel, footwear, and food sectors, all use paperboard for packaging the products. Paperboard is a durable, light-weight, smooth, adaptable, and reasonably priced packaging material. Paperboards can be recycled to a degree of around 70%, which makes them superior than plastics, metals, and glassware as sustainable packaging materials. Moreover, consumers choose paper and paperboard containers over plastic since they are now biodegradable and more environmentally friendly. Containers made of paper and paperboard are reusable, recyclable, energy-efficient, and protect natural resources. As a result, all such factors are driving the paperboard container market growth.
Various key players are implementing strategic moves such as collaboration, product launch and business expansion to strengthen its market position. For instance, in November 2021, Oji Holdings Corporation announced the establishment of a new corrugated container plant in Vietnam. This has further helped the company to increase its production volume of corrugated boxes in the Asia-Pacific region. This is anticipated to fuel the global paperboard container market.
The market is segmented on the basis of board type, size, end user, and region. On the basis of board type, the market is divided into paperboard and containerboard. On the basis of size, the market is divided into up to 150 ml, 151 ml to 300 ml, 301 ml to 500 ml, and above 500 ml. On the basis of end users, the market is divided into food and beverages, industrial product, healthcare, and others. Region-wise, the global paperboard container market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
COMPETITION ANALYSIS
The key players that operating in the paperboard container industry are Amcor Plc, Cascades, DS Smith Plc, Evergreen Packaging LLC, International Paper, Keystone Folding Box, Metsä Board, Mondi Plc, Nampak Products Ltd., Nippon Paper Industries Co. Ltd., Nine Dragons Paper (Holdings), Oji Fibre Solutions (NZ) Ltd., Sappi, Stora Enso, Smurfit Kappa Group Plc., Svenska Cellulosa Aktiebolaget (SCA), and WestrockKEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the paperboard container market analysis from 2021 to 2031 to identify the prevailing paperboard container market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the paperboard container market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global paperboard container market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Size
- Upto 150 ml
- 151ml to 300ml
- 301ml to 500ml
- Above 500ml
By End-user
- Food and beverages
- Industrial products
- Healthcare
- Others
By Board Type
- Paperboard
- Containerboard
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Amcor Plc
- Cascades
- DS Smith Plc
- Evergreen Packaging LLC
- International Paper
- Keystone Folding Box
- Meta Board
- Mondi Plc
- Nampak Products Ltd
- Nippon Paper Industries Co. Ltd
- Nine Dragons Paper
- Oji Fibre Solutions
- Sappi
- Stora Enso
- Smurfit Kappa Group Plc
- Svenska Cellulosa Aktiebolaget
- Westrock
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: PAPERBOARD CONTAINER MARKET, BY BOARD TYPE
CHAPTER 5: PAPERBOARD CONTAINER MARKET, BY SIZE
CHAPTER 6: PAPERBOARD CONTAINER MARKET, BY END-USER
CHAPTER 7: PAPERBOARD CONTAINER MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Paperboard Container Market," the paperboard container market size was valued at $135.48 billion in 2021, and is estimated to reach $207.40 billion by 2031, growing at a CAGR of 4.3% from 2022 to 2031.The global paperboard container market is anticipated to be driven by the rise in demand for paperboard container packaging in important end-use sectors, such as food and beverages, healthcare, industrial products, and others. The food and beverages and healthcare sectors in emerging nations are expected to benefit from the rapid expansion in global population. In turn, it is anticipated to increase the demand for paperboard container packaging.
In addition, paperboard-based packaging is an affordable and lightweight packaging option that offers enough protection for a variety of items. Paper-based packaging includes shipping sacks, paperboard, containerboard, and paper bags. Containerboard is made from cardboard and are available in different grades with special qualities that make them perfect for packing cereals, cosmetic items, and medications. Multi-wall paper bags called shipping sacks are typically used to transport large goods.
Moreover, rise in governmental strict regulations regarding environmental protection is further expected to favor the growth of paperboard container market. For instance, in January 2020, a new policy was implemented by the National Development and Reform Commission and the Ministry of Ecology and Environment. The directive will see non-degradable bags banned in major cities by the end of 2020 and in all cities and towns by 2022. Hence, due to rise in awareness toward environment, these investments in the paperboard sector are expected to increase the paperboard container market share and provide growth in this market.
Asia-Pacific accounting for the majority share of the global market has dominated the global paperboard container market in terms of revenue in 2021, due to economic growth and emergence of various industries such as food and beverage, electronics, FMCG, and pharmaceutical. Technological advancements in the pharmaceutical business are expected to positively affect the paperboard container market.
However, during the COVID-19 pandemic, various manufacturers in the paperboard container market had to stop their business in countries, such as China, the U.S., and India. This break directly impacted the sales of paperboard container companies. In addition, lack of manpower and raw materials also constricted supply of raw materials for the paperboard container market, which negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of paperboard container companies.
Key Findings of the Study
- The report provides an extensive analysis of the current and emerging global paperboard container market trends and dynamics.
- Depending on board type, the paperboard segment has dominated the market, in terms of revenue in 2021, and containerboard is projected to grow at a significant CAGR during the paperboard container market forecast period.
- By end users, the food and beverage segment has registered highest revenue in 2021.
- Asia-Pacific is projected to register the highest paperboard container market growth rate in the coming years.
- The key players within the global paperboard container market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the paperboard container industry.
- The report provides an extensive analysis of the current trends and emerging paperboard container market opportunities of the market.
- In-depth global paperboard container market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.
Companies Mentioned
- Amcor plc
- Cascades
- Ds Smith plc
- Evergreen Packaging LLC
- International Paper
- Keystone Folding Box
- Meta Board
- Mondi plc
- Nampak Products Ltd
- Nippon Paper Industries Co. Ltd
- Nine Dragons Paper
- Oji Fibre Solutions
- Sappi
- Stora Enso
- Smurfit Kappa Group plc
- Svenska Cellulosa Aktiebolaget
- Westrock
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 209 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 135481 million |
| Forecasted Market Value ( USD | $ 207396.1 million |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
