Paperboard Packaging Market - Paperboard is an ideal option for sustainable packaging vis-à-vis plastics and metal: MRRSE

Albany, NY, July 25, 2016 (GLOBE NEWSWIRE) -- Paperboards are manufactured from wood pulp or layers of paper. The thickness of paper piles defines the paperboard, which is usually larger compared to paper in order to maintain the weight to area ratio. For instance, according to the International Organization for Standardization, the weight should be 224g/m2 to consider it as paperboard. Depending on application, paperboard can be single ply or multi-ply. Paperboard offers good printing surface and excellent print quality, which makes it ideal information carriers and brand builders. Paperboard finds its application in cosmetics, clothing, footwear, and food industries. Paperboard is a strong, lightweight, smooth, versatile, and cost-effective packaging solution. Approximately 70% of paperboards are recycled, making these ideal for sustainable packaging compared to plastics, metals, and glasses.

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The report comprises in-depth analysis and forecast of the paperboard packaging market on a global as well as regional level. The report includes forecast for the period from 2016 to 2024 in terms of volume (kilo tons) and revenue (US$ Mn). Quantitative data has been derived through extensive secondary research of the global paperboard packaging market. Secondary sources typically include company websites, relevant magazines, government documents, and press releases. The top-down approach has been adopted to derive the regional numbers from global revenue and volume figures. Furthermore, the bottom-up approach has been employed to derive data for various product segments based on demand for paperboard packaging in each geographic segment. A combination of top-down and bottom-up approaches helps in validation of the quantitative data. The data was further validated with the help of primary research with industry experts to ensure accuracy of derived numbers.

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The report includes value chain analysis to help understand the industry thoroughly. Value chain analysis comprises detailed evaluation of the roles of various entities involved in the paperboard packaging industry, from raw material suppliers to end-users. Various processes employed in the manufacture of paperboard packaging have been included in the value chain analysis. Porter’s Five Forces model has been employed to determine the degree of competition in the market during the forecast period. Company market share analysis has been included for better understanding of the competitive landscape. Company market share has been derived by considering numerous factors such as sales and revenues, capacities, geographical presence, integration across value chain, and information available through primary research. Furthermore, market attractiveness analysis has been conducted to analyze product segments that are expected to be lucrative during the forecast period. This is based on various factors such as market size, growth rate, profitability, raw material procurement, and competition in each product segment.

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Asia Pacific is anticipated to be the fastest-growing region, followed by Latin America. Expansion in the e-commerce and cosmetic & personal care industry in countries such as India, China, and Japan is likely to propel the demand for paperboard packaging in Asia Pacific during the forecast period.

Major players in the paperboard packaging market include International Paper, STORA ENSO, NIPPON PAPER INDUSTRIES CO., LTD., Smurfit Kappa Group, WestRock Company, Mondi, ITC Limited, METSÄ GROUP, Clearwater Paper Corporation, Sappi, Bohui Group, and Svenska Cellulosa Aktiebolaget (SCA).

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Source: MRRSE