Albany, NY -- (SBWire) -- 12/28/2015 --Rising demand from packaged food industry has fuelled the global paperboard packaging market. The report presents an overview of the global paperboard packaging market and offers a detailed study about the current and future scenario in the market. The report assesses the growth of the paperboard packaging market during the period between 2014 and 2020 and estimates the valuation of the market by the end of the forecast horizon. It points out the various drivers and restraints affecting the growth of the market as well as the opportunities for the market to grow in future. The effect of Porter's five forces on the global paperboard packaging market has been analyzed in the report.
The report studies the global paperboard packaging market on the basis of product types and applications. The growth of the market across key geographical regions has been mentioned in the report. To describe the competitive landscape of the market, the report also profiles some of the key players operating in the market.
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Overview of Global Paperboard Packaging Market
The global paperboard packaging market, which stood at US$108.08 billion in 2013, is expected to reach US$181.81 billion by 2020. If the figures hold true, the market will exhibit a CAGR of 7.8% between 2014 and 2020. The burgeoning sustainable packaging industry across the globe, coupled with the growing demand for paperboard packaging from the cosmetics industry, will push the growth of the global paperboard packaging market. However, the availability of high performance substitutes such as plastics will restrict the growth of the overall market. The paperboard packaging market has a huge opportunity to grow with the growing e-commerce sector in the BRICS nations.
On the basis of product type, the report segments the global paperboard packaging market into boxboard and containerboard. The boxboard segment has been sub-segmented into solid unbleached board (SUB), solid bleached board (SBB), folding boxboard (FBB), and white lined chipboard (WLC). Containerboard was the largest product segment in the market in 2013 and the report expects the segment to grow at a rapid rate during the forecast horizon. Among the different types of boxboard, white lined chipboards accounted for the largest share of the market segment in terms of volume in 2013.
In terms of application, the report categorizes the global paperboard packaging market into nondurable goods, food and beverages, medical, durable goods, and others including machinery and industrial goods. On the basis of volume, food and beverages was the largest application segment in the market in 2013 and accounted for over 40% market share. The report estimates the food and beverages segment to continue as the largest application segment in the market, closely followed by nondurable goods segment.
The report studies the global paperboard packaging market across four regional segments: Europe, North America, Asia Pacific, and Rest of the World. The report cites the presence of key manufacturing industries in countries such as India and China as the primary reason behind Asia Pacific's dominance over the paperboard packaging market in 2013.
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Companies mentioned in the research report:
Discussing about the competitive landscape of the global paperboard packaging market, the report profiles some of the key players operating in the market such as Sappi Limited, Rock-Tenn Company, International Paper Company, Stora Enso Oyj, Nippon Paper Industries Co. Ltd., Mondi plc, Smurfit Kappa Group plc, ITC Limited, Metsä Group, and Svenska Cellulosa Aktiebolaget (SCA). The report provides insightful information about the key players such as brand overview, company overview, business strategies, and recent developments.
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Paperboard Packaging Market (Boxboard and Containerboard) for Nondurable Goods, Durable Goods, Medical with Future Trends by 2020
Rising demand for paperboard packaging in the sustainable packaging industry is expected to drive the market. Sustainable packaging aims to reduce ecological footprint and the overall environmental impact.