Albany, NY, Feb. 25, 2015 (GLOBE NEWSWIRE) -- Transparency Market Research has published a new report titled "Paperboard Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020." According to the report, the global paperboard packaging market was valued at US$ 108.08 Bn in 2013 and is anticipated to reach US$ 181.81 Bn by 2020, expanding at a CAGR of 7.8% between 2014 and 2020.
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Significant growth in the global sustainable packaging industry is projected to drive the paperboard packaging market. Additionally, expansion in the global packaged food and cosmetics industries is boosting the paperboard packaging market. However, availability of high-performance substitutes such as plastics, which is a major segment of flexible packaging, is estimated to hamper market growth. Expansion in the e-commerce industry in BRICS countries is likely to provide immense growth opportunities to the paperboard packaging market in the next few years.
Containerboard was the largest product segment of the paperboard packaging market in 2013. It is expected to be the fastest growing product type in the global paperboard packaging market during the forecast period. Boxboard product segment is anticipated to expand at a moderate rate during the forecast period. White lined chipboard (WLC) was the largest sub-segment among boxboard product types. Folding boxboard sub-segment of boxboard product type is estimated to expand at the fastest rate in the next few years.
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In terms of volume, food & beverages held the largest share of the global paperboard packaging market in 2013. The segment accounted for over 40% share of the market in 2013. It is projected to be the fastest growing application segment in the next few years. Growth in the packaged food industry is likely to boost demand for paperboard packaging during the forecast period. Nondurable goods and durable goods segments are expected to expand at moderate rate in the next few years.
Asia Pacific dominated the global paperboard packaging market, accounting for approximately 45% share in terms of volume in 2013, due to growth in food & beverages and durable goods applications. The region was followed by Europe and Rest of the World (RoW). Demand for paperboard packaging in the RoW is expected to increase at a moderate rate in the next few years owing to demand in food & beverages applications.
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The Global Paperboard Packaging Market is moderately consolidated in nature; the top five players accounted for over 60% share in 2013. Key players in the paperboard packaging market include International Paper Company, Oji Holdings Corporation, Stora Enso Oyj, Nippon Paper Industries Co., Ltd., and Smurfit Kappa Group plc.
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This report segments the global paperboard packaging market as follows:
Paperboard Packaging Market - Product Segment Analysis
- Folding boxboard (FBB)
- Solid unbleached board (SUB)
- Solid bleached board (SBB)
- White lined chipboard (WLC)
Paperboard Packaging Market - Application Analysis
- Food & beverages
- Nondurable goods
- Durable goods
- Others (Including industrial, machineries, etc.)
Paperboard Packaging Market - Regional Analysis
- North America
- Asia Pacific
- Rest of the World (RoW)
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