Global Paperboard Market by Types, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

Global Paperboard Market was valued at USD 128 Billion in 2016, and is set to grow at CAGR of 6.8% over forecast period 2020 -2026. Increasing demand for folded carton packaging, round the clock working lifestyles, on-the-go consumption and growing sustainable packaging for environmental conservation and reducing ecological footprints are factors driving the market.

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Paperboard is a thick paper based material made up of compressed layer of paper pulp. Its generic name is cardboard. Retailers and product manufacturers largely used paperboards for their packaging purpose. It’s easy-to-open and re-close packaging designs provides benefits to both retailers and end users. In addition, it is environmentally friendly and can be recycled. Retailers and product manufacturers also experience great benefits from paperboard packaging. On the retail shelf, it can be stacked, stored and viewed effectively. The most important properties of paperboard, which drives the market are its recyclability, renewability and sustainability. Moreover, the increasing awareness about the ecological conservation makes consumers prone towards the usage of paperboard. Furthermore, the high resolution graphics and two-sided print of paperboard can strengthen brand promotion of products. Hence, various product manufacturers choose this as their packaging material.

As the paperboards are unable to handle the mechanical stress of heavy materials, it is not used in heavy material packaging. Therefore, certain heavy item manufactures do not prefer paperboard for packaging. In addition, the strict Government regulation about the deforestation would curtail its growth, as it is produced mainly from the wood. The increasing environmental awareness among the developing countries of Asia Pacific region such as India and China would lead to the usage of paperboard in the packaged food.

Market Trends, Drivers, Restraints, and Opportunities:

Rising awareness about the impacts of single-use plastic on the environment is increasing consumer inclination toward the usage of paperboard.
Paperboard is incapable of handling the load of heavy materials; therefore, it is not used in heavy material packaging. This is a major restraint of the paperboard market.
Strong economic growth and increasing disposable incomes are driving the global retail industry. Furthermore, factors such as increasing globalization and urbanization have resulted in transformed lifestyles of people and resulting in the rising expenditure on packaged foods and beverages. This, in turn, is anticipated to propel the demand for the paperboard for packaging purposes.