The global Paper Packaging market is forecast to reach USD 262.60 Billion by 2027, according to a new report by Reports and Data. The market is witnessing a surge in demand owing to the manufacturing industries in the developing economies for the use of paperboard packaging. Moreover, the growing awareness among customers for the sustainable packaging material with the reusability of paperboard packaging is fostering the market demand. However, the usage plastics due to its cost-effective, durable, and reusable properties are hampering the market demand.
The advent of the use of paperboard packaging backend by various government awareness schemes in nations such as India are creating a demand for the use of paperboard in the packaging market. The Asia Pacific region is forecasted to grow with the highest growth rate in the forecast period owing to the increase in the use of paperboard packaging and the rise in the number of people opting for the manufacturing of paperboards.
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Top Companies Profiled in this Report are:
Nippon Paper Industries, ITC Limited, Mondi plc, Metsä Group, International Paper Company, Oji Holding Corporation, Smurfit Kappa Group, Svenska Cellulosa Aktiebolaget (SCA), Stora Enso Oyj and Outlook Group LLC, among others.
COVID-19 Impact Assessment
The Paperboard market report is the first document to cover the current scenario of the global Paperboard market that is brawling with the adverse economic effects of the ongoing COVID-19 pandemic. Besides affecting countless lives across the world, the pandemic has wreaked major disruptions to this otherwise lucrative business sector. The latest report thoroughly studies the current situation of the market and the unfavorable impact of the pandemic on its crucial segments and sub-segments.
This section underscores the leading players in this business space, the current market state, disrupted supply chains, and the key sales and distribution channels in the context of the COVID-19 pandemic. Additionally, the global Paperboard market study discovers a wide array of business-centric strategies adopted by leading market players to gain robust traction in the post-COVID market situation.
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Overview of the Paperboard report:
The latest market study broadly segments the industry based on the product type range, application gamut, end-use industry, key regions, and the competitive background. One of the central components of the report is a detailed explanation of the gross profits, revenue shares, sales volume, manufacturing costs, individual growth rate, and the financial standing of the leading market players. The developmental scope of the Paperboard market’s new entrants and established companies has also been emphasized in the report.
For the purpose of this report, Reports and Data have segmented into the global Paperboard Packaging market on the basis of raw materials, product, application, and region:
Raw Materials Outlook (Revenue, USD Billion; 2017-2027)
- Fresh Sources
- Recycled Waste Paper
Product Outlook (Revenue, USD Billion; 2017-2027)
- Boxboard
- Solid Unbleached Board
- Solid Bleached Board
- White Lined Chipboard
Application Outlook (Revenue, USD Billion; 2017-2027)
- Food & Beverage
- Non-Durable Goods
- Durable Goods
- Medical
In market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Major Highlights:
- The study analyzes various manufacturing processes of the product.
- It further examines the consumption volume and patterns of the product types.
- The report provides actionable insights into the production capacity, estimated growth, and regional market revenues amassed over the forecast period.
- The report encompasses vital information on market dynamics, such as product pricing patterns, the total revenue generated, and anticipated growth rate.
- The report highlights the competitive spectrum of the global Paperboard market, focusing on the company profiles of top market rivals.
- The report emphasizes the product portfolios as well as respective specifications and applications of these products of each market player.
- Furthermore, production capacities, gross margins, manufacturing costs, pricing models, and revenue shares of these market players have also been discussed.
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