The global paperboard packaging market is anticipated to grow at a considerable CAGR of 3.4% during the forecast period. More than 60% of all communities in the US collect and recycle paperboard packaging. For instance, in December 2019, the Cascades launched a cardboard tray made from recyclable fibres. Furthermore, as per the Paper & Paperboard Packaging Environmental Council, Canada, the provinces need Commercial Forest Harvesters to plant new trees and reforestation through direct sowing and natural regeneration. On average, over 1,000 new tree seedlings are planted every minute in Canada.
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Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in February 2021, Packaging Corporation of America announced the conversion of Jackson, AL Mill Paper Machine to a High-Performance Virgin Linerboard. The machine temporarily began producing linerboard in the fourth quarter of 2020 and continued producing linerboard in the first quarter of 2021 to fulfill strong packaging demand and maintain adequate inventory levels. Over the next 36 months, the mill will undertake preparations to permanently convert the 365,000 ton-per-year No. 3 UFS paper machine to a 700,000 ton-per-year high-performance, virgin kraft liner board machine.
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Market Coverage
- Segment Covered-
o By Grade
o By Product Type
o By End-Use Industry
- Regions Covered
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Nippon Paper Industries Co. Ltd, Mondi PLC., WestRock Company Oji Holdings Corp., and Others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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
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