Paper & Paperboard Packaging Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Grade (Solid Bleached Sulfate (SBS), Coated unbleached kraft paperboard (CUK), Folding boxboard (FBB), White Lined Chipboard (WLC), Glassine & Greaseproof Paper, Label Paper, Others); Type (Corrugated Box, Boxboard, and Flexible Paper); Application (Food & Beverage, Healthcare, Personal & Homecare, Others); Region/Country.
Global Paper & Paperboard Packaging Market is expected to grow at a significant rate of around 5% during the forecast period. The increased per capita spending of consumers on food, the availability of healthy food options coupled with the surging awareness about the harmful environmental impact of plastic packaging material are some of the prominent reasons due to which the demand for paper & paperboard packaging is uplifting. For instance, in 2019, Japan has the highest per capita spending on food that is USD 4,417.5 per person followed by Australia, Canada, and France with per-person spending of USD 3,003.6, USD 2,986.9, and USD 2,983.4, respectively. This has been an increasing need for packaging materials at restaurants, cafes, hotels, etc., Hence, boosting the Paper & Paperboard Packaging market.
Also, Processed foods occupy a significant share of many diets around the globe as these are widely available, cheap, and intensively marketed. The demand for paper & paperboard packaging is rising dramatically across the globe owing to the growing consumption of processed food in many high-income countries leading to the increase in sales of processed and packaged food. For instance, the sales of packaged food across the globe were nearly USD 2,339.7 billion in 2015 and gradually increased to USD 2,578.9 billion in 2017 and USD 2,644.1 billion in 2019. Furthermore, advancement in technologies used in the manufacturing of food and beverages to maintain and prolong the shelf life of products to enhance the quality of the food is also propelling market growth.
Amcor plc, ITC limited, Cascades limited, Rock Tenn Company, Clean water paper corporation, Packaging Corporation of America, DS Smith Plc, Mondi group, Metsa group, Nippon paper industries Co Ltd., etc., are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst grade, coated unbleached kraft paperboard (CUK) generated category to witness higher CAGR during the forecast period”
Based on the grade, the market is segmented into Solid Bleached Sulfate (SBS), Coated unbleached kraft paperboard (CUK), Folding boxboard (FBB), White Lined Chipboard (WLC), Glassine & Greaseproof Paper, Label Paper, and Others. The Coated unbleached kraft paperboard (CUK) segment grabbed the major market share and dominated the market in 2020. The benefits such as coated paperboard grades provide excellent tear strength in humid and dry conditions, and provides excellent printability is the key factor, due to which the market of this segment is uplifting.
“Amongst type, the flexible paper to hold a significant share in the market in 2020”
Based on the Type, the market is categorized into Corrugated Box, Boxboard, and Flexible Paper. The flexible paper segment grabbed the major market share and dominated the market in 2020. Due to airtight packaging that protects food from environmental elements such as sunlight, temperature, and moisture, flexible packaging can increase the shelf life of perishable products. flexible containers, furthermore, are less likely to get damaged during the shipping process compared with rigid boxes.
“Amongst application, the food & beverage to hold a significant share in the market in 2020”
On the basis of application, the market is categorized into Food & Beverage, Healthcare, Personal & Homecare, and Others. The food & beverage segment grabbed the major market share and dominated the market in 2020. The key reasons for the growth of this segment in the emerging hospitality sector coupled with the rising number of tourists, which demands ready-to-eat convenience food. According to the World Bank, the number of international departures more than doubled between 1997 and 2017, from 687 million to 1.57 billion per annum. Moreover, the number of hotel rooms globally had risen by 17.7% since 2008 to 17 million in 2018.
“Asia Pacific to hold a significant share in the market”
In 2020, Asia Pacific held a significant share of the global Paper & Paperboard Packaging market. A rise in the café, hotels, and restaurants across the region coupled with the growing demand for processed and packaged food owing to the rising number of working coupled and adoption of western culture is leading to the growing demand for the Paper & Paperboard Packaging market. Moreover, the growth of the travel and tourism industry and the rising attractiveness of Quick Service Restaurants (QSRs) among millennials. As per Statista, the number of food service establishments worldwide varied greatly by region in 2020. Asia-Pacific had the most establishments at over 17 million. In comparison, the region with the second highest number of food service establishments was Latin America with over 2.3 million.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|2.1.||Research Process of the Paper & Paperboard Packaging Market|
|2.2.||Research Methodology of the Paper & Paperboard Packaging Market|
|5||IMPACT OF COVID-19 ON THE PAPER & PAPERBOARD PACKAGING MARKET|
|6||PAPER & PAPERBOARD PACKAGING MARKET REVENUE (USD BN), 2020-2028F|
|7.1.||Solid Bleached Sulfate (SBS)|
|7.2.||Coated unbleached kraft paperboard (CUK)|
|7.3.||Folding boxboard (FBB)|
|7.4.||White Lined Chipboard (WLC)|
|7.5.||Glassine & Greaseproof Paper|
|9.1.||Food & Beverage|
|9.3.||Personal & Homecare|
|10.1.3.||Rest of North America|
|10.2.6.||Rest of Europe|
|10.3.4.||Rest of Asia-Pacific|
|10.4.||Rest of World|
|12||PAPER & PAPERBOARD PACKAGING MARKET OPPORTUNITIES|
|13||PAPER & PAPERBOARD PACKAGING MARKET TRENDS|
|14.1.||Demand Side Analysis|
|14.2.||Supply Side Analysis|
|15||VALUE CHAIN ANALYSIS|
|16.1.1.||Porters Five Forces Analysis|
|17.4.||Rock Tenn company|
|17.5.||Clean water paper corporation|
|17.6.||Packaging Corporation of America|
|17.7.||DS Smith Plc|
|17.10.||Nippon paper industries Co Ltd|
Research Methodology for the Paper & Paperboard Packaging Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global paper & paperboard packaging market were the three major steps undertaken to create and analyze the adoption of Paper & Paperboard Packaging in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Paper & Paperboard Packaging market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Paper & Paperboard Packaging market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Paper & Paperboard Packaging market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as grade, type, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Paper & Paperboard Packaging market. Further, we conducted factor analysis using dependent and independent variables such as grade and application of Paper & Paperboard Packaging. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Paper & Paperboard Packaging market across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Paper & Paperboard Packaging market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Paper & Paperboard Packaging market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global Paper & Paperboard Packaging market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Region
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Paper & Paperboard Packaging market. Data was split into several segments & sub-segments post studying various parameters and trends in the grade, type, and application in the global Paper & Paperboard Packaging market.
The main objective of the Global Paper & Paperboard Packaging Market Study
The current & future market trends of the global Paper & Paperboard Packaging market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Paper & Paperboard Packaging market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of grade, type, and application.
- Define and analysis of the regulatory framework for the Paper & Paperboard Packaging
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the Paper & Paperboard Packaging market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the Paper & Paperboard Packaging market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry