Paper and Paperboard Packaging Market: Worldwide Key Industry Segments & Forecast, 2016-2024
Sarasota, FL -- (SBWIRE) -- 09/29/2017 -- Paper and paperboard are specifically manufactured from wood pulp. There is no significant difference between paper and paperboard, except that paperboard is thick in size compared to paper. Paperboard is either single or multilayer paper. According to the International Organization for Standardization, the weight of paperboard should be 224g/m2. Moreover, paperboard is enough strong, versatile, lightweight, cost-effective, and can be easily cut; hence it used in packaging. In addition, paperboard is also used to cover books, magazines, postcards, and many other items. Furthermore, it is referred as cardboard. Moreover, paperboard provides a smooth surface for excellent printing, thus became q good information carrier.
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One of the major advantages of the paper and paperboard packaging market is that it can be easily recycled; this, in turn, is expected to fuel the demand in the near future. Increasing demand for paper and paperboard packaging in various applications such as footwear, electronics, cosmetics, food industries, healthcare, clothing, and others is expected to boost the market growth in future. In addition, this packaging is used in education and stationery, freight & carrier, and construction fields. Furthermore, cardboard boxes, cartons, and packaging labels are made from paper and paperboard, which is anticipated to propel the global market in the coming years. Many companies focusing on providing a better solution to fit consumer requirements positively impacts the global market growth. Increased online shopping and disposal income are other factors fostering the paper and paperboard packaging market in future. However, cut-throat completion in the paper and paperboard packaging market may restrain the market growth to some extent.
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The global paper and paperboard packaging market are segmented on the basis of types as flexible paper packaging, boxboard, corrugated box, and others. Of which, the flexible paper packaging segment dominates the global market. On the basis of grade, the global market is categorized as solid bleached sulfate (SBS), white line chipboard (WLC), vegetable paper, coated unbleached 'kraft' paperboard, folding boxboard (FBB), label paper, and others. Furthermore, the paper and paperboard packaging market are divided on the basis of application as personal care, food & beverages, education and stationery, healthcare, construction, and others.
Asia Pacific contributed for the largest market share in the international market owing to remarkable growth in the consumption of food & beverages and healthcare products. Increasing disposable income and changing lifestyle also positively impact the global market growth. In addition, developing electronics market in China reflects promising future growth in the paper and paperboard packaging market.
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Some of the leading players in the global paper and paperboard packaging market are Amcor Ltd., Cascades Inc., Clearwater Paper Corporation, DS Smith Plc, ITC Ltd, International Paper Company, Metsa Group, Mondi Group, and Nippon Paper Industries Co. Ltd.. Other key players influencing the global market are Packaging Corporation of America, RockTenn Company, Sappi Limited, Smurfit Kappa Group plc, Stora Enso Oyj, and Svenska Cellulosa Aktiebolaget.
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