The global market for paperboard packaging is projected to have a considerable CAGR of around 3.4% during the forecast period. Paperboard is quite commonly used for packaging food and beverage products including juices, milk, and cereal products. Paperboard packaging is easy to easy buy, easy to recycle, and easy to re-seal. Paper-based packaging has gained significant traction due to its environment-friendly properties. Customers have started preferring eco-friendly products over traditional non-paperboard-based products. Moreover, intense pressure from governments, activist organizations, and the media has driven manufacturers to make their packaging and operations more sustainable, boosting the growth of the global paperboard packaging market over the forecast period. However, these types of packaging are having a higher carbon footprint than plastic, create a lot of methane when rotting in landfills, and are difficult for single-stream recycling due to contamination. Therefore, these factors restrain the growth of the market.
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The COVID-19 has a significant impact on the paperboard packaging market. The shift towards digital shopping had been underway when the COVID-19 pandemic hit. China is the largest market, followed by the U.S., Japan, the UK, and Germany. The pandemic has further accelerated this shift. The implementation of mobility restrictions to combat the virus’s spread resulted in a surge in online demand for a variety of goods and services. COVID-19 has accelerated the shift toward digital living and eCommerce. As eCommerce gains momentum, the importance of packaging in this modern generation is becoming more evident. As a result of this shift, packaging technologies that enable faster delivery and improved content protection from shock and temperature variations are in high demand.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Paperboard Packaging Market Report Segment
By Grade
- Cartonboard
- Containerboard
By Product Type
- Folding Cartons
- Corrugated Boxes
By End-User Industry
- Food and Beverage
- Healthcare
- Personal Care
- Household Care
- Electrical Products
Global Paperboard Packaging Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Paperboard Packaging market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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