Paper & Paperboard Packaging Market worth $254.5 billion by 2026

The report “Paper & Paperboard Packaging Market by Grade (SBS, CUK, FBB, WLC, Glassine & Greaseproof Paper, Label Paper), Type (Corrugated Box, Boxboard, Flexible Paper) Application (Food, Beverage, Healthcare, Personal & Homecare), & Region – Global Forecast to 2026”, The global paper & paperboard packaging market size is estimated to be USD 199.8 billion in 2021 and projected to reach USD 254.5 billion by 2026, at a CAGR of 5.0% during the forecast period. The paper & paperboard packaging industry serves as a basic necessity for all other industries for their products to reach to the end user and has been growing with the global packaging market. Packaging plays a vital role in keeping the product fresh, damage proof, and acts as an excellent marketing tool. It is used in all the applications, and the major ones considered in the study are food, beverage, healthcare, personal & home care, and others (includes education, stationary, construction material, and electronic goods). With increasing environmental issues of landfill and degradation of packaging material, a shift has been seen from plastic to more usage of paper & paperboard in the packaging industry.

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• 180 Market data Tables

• 41 Figures

• 207 Pages and in-depth TOC on “Paper & Paperboard Packaging Market – Global Forecast to 2026”

Some of the prominent key players are:

· Amcor Ltd. (Australia),

· ITC Ltd. (India)

· Cascades Inc. (Canada)

· RockTenn Company (U.S.)

· Clearwater Paper Corporation (U.S.)

· Packaging Corporation of America (U.S.)

· DS Smith Plc. (U.K.)

· Mondi ,Group (South Africa)

· Metsa Group (Finland)

Opportunity: Technological Development

Food & beverage manufacturers strive to differentiate their products from others in the market. Packaging companies collaborate with manufacturers to offer customized pack types to increase sales. These innovative packaging types act as an opportunity for the food & beverage packaging industry. With advancements in food & beverage packaging technologies that include machinery, controls, and software, it is expected that operation costs would decrease. Food & beverage companies also focus on increasing their sales, by offering affordable & innovative small pack sizes. Rise in small pack types would result in increasing business for food & beverage paper & paperboard packaging companies. As food & beverage companies try to penetrate rural markets in developing countries with various small sizes of packed beverages, the trend for decreasing pack sizes is set to be dominant. This provides an impetus for food & beverage carton packaging companies to drive their business and build economies of scale.

SBS segment of paper & paperboard packaging to be the second largest segment during the forecast period.

Solid bleached sulfate is a premium paperboard grade, produced from a furnish containing at least 80% virgin bleached wood pulp. Most bleached paperboard is coated with a thin layer of kaolin clay to improve its printing surface and may also be coated with polyethylene (PE) resin for wet strength food packaging. Solid Bleached Sulfate (SBS) is manufactured from virgin bleached hardwood. The appearance of SBS is clean white. For SBS, the caliper is measured at 8-24 pt. The product has a basis weight of 112-254 lbs/ 3msf. The strength of the product is moderate and has a density of 1X. The product has excellent cutting and gluing qualities. There are various processes to manufacture the different grades of paper & paperboard such as calender process, sulfite process, kraft process, and soda pulping. For SBS, the food industry is estimated to be the fastest-growing application. The food industry requires clean packaging solutions that are manufactured of virgin pulp.

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Europe is the second largest market for paper & paperboard packaging

Europe is the largest market for paper & paperboard packaging market. The region possessed higher potential due to its environmental regulations against plastic usage in the past years which promoted usage of Paper & Paperboard for packaging. 33% of the total global market is covered by European region. Germany is the largest user of paper & paperboard packaging in Europe with a market value share of 16% and market volume share of 23% in Europe. The country is projected to have a high growth rate in the beverage industry which will serve as the potential application for next 5 years.

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