ID: MRFR/PNT/1362-HCR | February 2021 | Region: Global | 140 pages
The Paper and Paperboard Packaging Market is calculated with USD 199.8 billion in the year 2021. And then this is projected with the USD of 254.5 billion by the year 2026, with the CAGR of 5.0% during the forecast period.
The Paper and Paperboard Packaging Market has been boosted with the increase in the demand for sustainable and recycled packaging for the food and the healthcare sector, personal and home care applications are also one of the main reasons for the growth of the Market.
Due to the spread of the pandemic across the world, the global Paper and Paperboard Packaging Market Size had a great impact.
As the spread of the pandemic across the world has changed many industries globally. As there was the lack of transportation and delivery of E-Commerce has impacted across the world due to the spread of the pandemic. As there were not able to get the proper supply of the food and the homemade food packaging by using the paper and the paper board products.
So this pandemic outbreak has brought a great negative impact on the Paper and Paperboard Packaging Market Share.
The main driver which boosts the market value of the Paper and Paperboard Packaging Market is the people's interest in using biodegradable products in recent days. As many governments also promote the usage of environmentally friendly products which can save the environment from pollution is also one of the main factors which bring the positive impact in the Market Growth.
Some special features which boost up the growth of the Paper and Paperboard Packaging Market are the recyclable, reusable, saving energy and also protecting natural resources.
The main opportunity which boosts the growth of the Paper and Paperboard Packaging Market is the people’s knowledge and the awareness about which is good and bad for themselves as well as for the environment. Then also because of the many government's motives to initiate the usage of the paper when compared with plastics.
Also because of the people's interest in using the eco-friendly products. So to maintain and also to balance the pollution many people and the government has banned the usage of the plastics of the packaging rather they are preferring the paper and the paper board for the packaging.
The main restraint which hinders the growth of the Paper and Paperboard Packaging Market Value is the usage of plastic containers for the packaging. As the usage of the plastic containers for the packaging, it will reduce the weight for the packaging and also can reduce the weight for the shipping. So by this, it also boosts to control the cost-effectiveness and also create more space while shipping.
As all these benefits in using the plastic also will be convenient while transportation which brings the hindrance for the growth of the Market. So while thinking about all these drawbacks and the easy to handle nature of the plastics the Paper and Paperboard Packaging Market Value gets decreased.
The main challenge which is been faced by the Paper and Paperboard Packaging Market is to increase the productivity value due to its demand. It is also getting hard that the recycling of the paper involves in the small and the medium-sized companies is also less. Due to the impact created by the usage of the paper waste disposal which created the demand among the customers. And also the outbreak of the pandemic impacted the growth. This is because of the growth of the lack of transportation of the raw materials.
These issues and the impact caused the delay in the production and the recycling of the paper industry. So the manufacturing companies are working hard to overcome the challenge and boost up the growth of the Paper and Paperboard Packaging Market.
Cumulative growth analysis
The overall growth of the Paper and Paperboard Packaging Market Analysis is getting better day today this is because of the rise in the number of recycling and the manufacturing companies of the Paper and Paperboard Packaging Market. The rise in the usage of the E-Commerce platform is also one of the main reasons which drive the growth of the Market.
Value chain analysis
The overall growth in the Paperboard Packaging Market Forecast period is been gradual and steady. This growth is because of the increase in the usage of paper and paper board packaging products in the industries like food and beverage products and also for the packing of the E-Commerce platform. Then this growth is also being possible only because of the platforms like the packing of the homemade foods and also because of the facility in manufacturing and recycling the paper products. Though there is a gradual growth in the Paperboard Packaging Market the growth is hindered by the flexibility in the usage of plastic products in many regions.
Market segment overview
Here is the overall Paperboard Packaging Market Outlook which has been segmented into grade, material type and then the end-users.
In the growing Paperboard Packaging Market, paper bags hold the largest amount of share.
In the applications, the food and the beverages segment is holding the largest amount of share. The increase in the usage of frozen foods and food and beverage items are the main reason for the impact on the growth of the food and beverage segments.
North America – US, Canada
Latin America – Mexico, Brazil, Peru, Chile and Others
Western Europe – Germany, UK, France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg
Eastern Europe – Poland, Russia
Asia Pacific – India, Japan, China, ASEAN, Australia, New Zealand
The Middle East and Africa – GCC, Southern Africa, North Africa
The overall growth of the Paperboard Packaging Market in recent days is because of the innovative and new ideas of the manufacturing companies. The main reason for the growth and the development in the Paperboard Packaging Market is the usage and the interest among the people. As the usage has increased so the manufacturing companies are working hard to get back their position in the market by increasing their productivity level by merging and collaborating with other companies
The Asia Pacific region is getting the growth with the highest amount of the shares in the Paperboard Packaging Market. This is because of the gradual growth of the Market is by the growth and the development in the supermarket and the hypermarkets in recent times in the Asia Pacific region. And also because of the increase in the purchase in the online platform.
North America is a region that is following the Asia Pacific region. This growth in North America is because of the growth of the food and beverages industries. It is also expected that North America will be gaining growth in the forecasting period.
Europe is following North America in the growth. It is expected that the growth will be increasing in the future because of the awareness among the people in using the paper products for the packaging.
These are some of the key players who are working hard to gain the trust of the people in the market.
In March 2021 the international paper has completed its collaboration with the two-state of the art which has the high corrugated plant boxes in the ortloff engineers limited. It enhances the manufacture of high-quality paper packaging which can be used in the industries like the packaging of vegetables and fresh fruits.
|Market Size||2030: Significant Value|
|CAGR||CAGR of 6.0% (2022-2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Grade, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Amcor Ltd. (Australia), ITC Ltd. (India), Cascades Inc. (Canada), RockTenn Company (U.S.), Clearwater Paper Corporation (U.S.), Packaging Corporation of America (U.S.), DS Smith Plc. (U.K.), Mondi Group (South Africa), Metsa Group (Finland), Nippon Paper Industries Co., Ltd. (Japan), Georgia-Pacific LLC (U.S.), Spartan Paperboard Company (U.S.), Stora Enso Oyj (Finland), Sonoco Products Company (U.S.), and Colbert Packaging (U.S.)|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The market can potentially attain a growth rate of 6% during the review timeframe.
The global market for paper and paperboard packaging can grow relentlessly from 2021 to 2026.
Colbert Packaging (U.S.), Stora Enso Oyj (Finland), Spartan Paperboard Company (U.S.), RockTenn Company (U.S.), Amcor Ltd. (Australia), ITC Ltd. (India), Mondi Group (South Africa), Metsa Group (Finland), Nippon Paper Industries Co., Ltd. (Japan), Clearwater Paper Corporation (U.S.), DS Smith Plc. (U.K.), Sonoco Products Company (U.S.), Cascades Inc. (Canada), Georgia-Pacific LLC (U.S.), Packaging Corporation of America (U.S.), are the notable companies that are have been listed in the report.
The applications covered in the MRFR report include electronics, personal care, healthcare, food & beverages, and others.
The grade-wise market segments are coated unbleached kraft board, white line chipboard, folding boxboard, solid bleached sulfate, and others.