© 2016 Global Market Insights. All Rights Reserved Paperboard Packaging Market outlook, regional growth & industry share by 2017 to 2024 Paperboard Packaging 2016 – 2024 Market Size: USD 130 Bn in 2016 Forecast Market: USD 240 Bn by 2024
© 2016 Global Market Insights. All Rights Reserved Paperboard Packaging Market size will likely surpass USD 240 billion by 2024; according to a new research report by Global Market Insights, Inc. Paperboard Packaging Market Corporate lifestyle of people and odd working hours result in home delivering and on- the-go eating habits. These factors are boosting the packaged food industry in the emerging countries. Rising number of working women in these countries is also one of the factors driving the packaged food industry in these regions. China is one of the leading packaged food manufacturer with huge bakery, processed food, sauces, dressings, and baby food production. In 2016, China packaged food market was valued over USD 275 billion and is poised to grow at a significant rate in the forecast period. Increasing consumption of such packaged food & beverages by consumers in the emerging countries due to rapidly changing lifestyles will positively influence the paperboard packaging industry in coming years. Global Market Scenario of Paperboard Packaging Industry
© 2016 Global Market Insights. All Rights Reserved Plastic, metal, and glass packaging are a few factors that may affect paperboard packaging market in coming years. Plastic is a widely used substitute product used for packaging purposes. The abundant availability of paper and paperboard material for packaging purposes and safety regulations pertaining to plastic usage however results in a traditional use of paperboard packaging all over the world. Few of the shortcomings faced by the paperboard packaging market include the higher costs than plastics and the durability. The products are not inherently water resistant and need extra protection layers of plastic to prevent moisture damage. These factors shall act as restraints for the global paperboard packaging market. Continue:- Browse Table of Contents of this
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© 2016 Global Market Insights. All Rights Reserved Application Analysis:- Considering application, paperboard packaging market is segmented into medical, non-durable goods, durable goods, food & beverages and others. The others segment includes machineries and industrial goods. Development in food & beverage industry, and increasing packed food consumption will positively influence the paperboard packaging market. It is one of the fastest growing segment and will exhibit growth with CAGR of over 8% in the forecast spell. Products Analysis:- Considering products, the paperboard packaging market is bifurcated into containerboard and boxboard. The manufacturing process of containerboard is done on modified paper machines as they have the ability to handle superior grammages. The segment will grow at an exponential CAGR of over 8.5% from 2017 to Boxboard segment is additionally bifurcated as white lined chipboards, solid bleached boards, solid unbleached boards and folding boxboards. The white lined chipboard segment will surpass USD 30 billion by Request for customization:
© 2016 Global Market Insights. All Rights Reserved Regional Analysis: Paperboard packaging market is classified on the basis of region where Asia Pacific held a significant share in 2016 and is set to surpass USD 175 billion by the end of the forecast period. Rising industrial activities and developing cosmetic, electronic and food & beverages industry is set to fuel the regional paperboard packaging market demand. Europe market will exhibit growth at a decent rate in the predicted period due to the developed market in this region paired with the supportive governmental norms. Competitive Analysis: Key players present in the paperboard packaging market are Badger Paperboard, Southern Champion Tray, Outlook Group LLC, Svenska Cellulosa Aktiebolaget (SCA), Smurfit Kappa Group, Shandong Bohui Paper, South African Pulp & Paper Industries Limited (Sappi Limited), Stora Enso Oyj, Rock-Tenn Company, Oji Holding Corporation, Metsa Group, International Paper Company, ITC Limited, Mondi, Nippon Paper Industries, and others. Browse Related Report: “Printed Cartons Market”
© 2016 Global Market Insights. All Rights Reserved Latest Research Report On Paperboard Packaging Request for sample of this research Request for customization:
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