Global Market Insights, Inc. presents most up-to-date research report on “Paperboard Packaging Market with recent research (2013-2017) and the current scenario (2018) along with future market potential (2019-2024), Size, Share, By Raw Material (Fresh Sources, Recycled Waste Paper), By Product (Boxboard [Folding Boxboard, Solid Unbleached Board, Solid Bleached Board, White Lined Chipboard], Containerboard), Growth Potential, Trends Statistics, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC)”.
Report predicts the paperboard packaging market will surpass USD 240 billion by 2024. It is extensively used in food, medicine, clothing, footwear, and cosmetics wrapping applications owing to its lightweight and recyclable properties. Long working hours in growing corporate lifestyle is resulting in increasing doorstep food deliveries and packaged food eating habits which will drive paperboard packaging market demand in forecast period.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2060
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.
Paperboard packaging market is classified based on raw materials as recycled waste paper and fresh (virgin) sources. Used and collected waste paper is recycled and added with fresh fiber for strengthening properties as recycled paper has the tendency of losing strength when reused. Impurities in recycled paper, and inferior quality are the main reasons they are not used in the packaging of food & beverages owing to the food safety standards and norms. Fresh sources majorly include wood pulp as raw materials, which account to almost 90%, while other raw materials are sugarcane bagasse, straw, hemp, cotton, etc.
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.
Browse key industry insights from the report@ https://www.gminsights.com/industry-analysis/paperboard-packaging-market
The electronics and consumer goods domains, in particular, can be credited to the massive growth of APAC paperboard packaging industry in recent times. With the expansion of both the aforementioned sectors, the demand for electronic equipment, cosmetics, household items, cigarettes, etc., has escalated to an elevated level, thereby necessitating the requirement of advanced paperboard packaging techniques. This has consecutively impacted APAC paperboard packaging market share, projected to cross USD 175 billion by 2024, with a CAGR estimation of 6.5% over 2017-2024.
A concise insight into APAC paperboard packaging market:
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.
Driven by the robust economic development, rising number of industrial activities, urbanization, and changing consumer lifestyles, the Asia Pacific region has experienced quite a surge in the demand for paperboard packaging products such as bleached boards, container boards, chipboards, etc. In 2016 alone, APAC apparently held a sizable chunk of the overall paperboard packaging industry share, driven by the round-the-clock work culture necessitating an increase in the percentage of door deliveries (food, medicines, cosmetics, etc.), increasing disposable incomes, high purchase parity, and rapidly advancing technological developments in the packaging sector.
Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2060
Some of the major paperboard packaging market participants mentioned in this report 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.
Browse Related Report:
1. Printed Cartons Market Size By Material (Paper Board, Corrugated Board, Kraft Board, Coated Paper, Liquid Board), By Feature (Disposable, Bio-degradable, Recyclable), By End-user (Food & Beverage, Hardware & Electronics, Homecare, Healthcare, Cosmetics & Personal Care), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024.
Printed Cartons Market size was more than USD 124 billion in 2016 and will witness 5.3% growth over the projected timespan. Robust product demand from food & beverage industry primarily owing to rapid population pace in Asia Pacific is anticipated to make prominent contribution to printed cartons market size in the forecast spell.
2. Flexible Packaging Market Size By Material (Polymer [PE, PP, PET], Paper, Aluminum, Cellulosic), By Product (Pillow Pouches, Stand-up Pouches, Four Side Seal Pouches), By Application (Food & Beverage, Personal Care, Healthcare, Industrial), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, Netherlands, China, India, South Korea, Japan, Indonesia, Malaysia, Australia, Thailand, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024.
Europe flexible packaging market, driven by Russia and Germany will witness over 3.5% CAGR up to 2024. Increasing consumer demand for cosmetics and processed food owing to the rising purchasing power will drive regional growth.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Company Name: Global Market Insights Inc.
Contact Person: Arun Hegde
Email: Send Email
Phone: 1 302-846-7766
Address:4 North Main Street
Country: United States