Paperboard Packaging Market to Witness Robust Expansion by 2030

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.

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

•             The market number available for – 2023-2030

•             Base year- 2023

•             Forecast period- 2024-2030

Segment Covered- 

• By Grade
• By Product Type
• By End-Use Industry

Regions Covered

• North America
• Europe
• Asia-Pacific
• Rest of the World

Competitive Landscape- Nippon Paper Industries Co. Ltd, Mondi PLC., WestRock Company Oji Holdings Corp., and Others.

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

A full Report of Paperboard Packaging Market is Available @ https://www.omrglobal.com/industry-reports/paperboard-packaging-market

 Paperboard Packaging Market Report Segment by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Spain
• France
• Italy
• Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan

·                  South Korea

·                  Rest of APAC

Rest of the World

·        Latin America 

·        Middle East & Africa

Company Profiles 

•Amcor plc

•Cascades Inc.

•Clearwater Paper Corp

•DS Smith PLC

•Graphic Packaging International

•Henry Molded Products Inc

•International Paper Company

•ITC Ltd

•Metsä Board Oyj

•Mondi Group

•Nippon Paper Industries Ltd

•Oji Holdings Corporation

•Packaging Corporation of America

•Rengo Co. Ltd

•Seaboard Folding Box Company Inc.

•Smurfit Kappa Group

•Sonoco Products Company

•UFP Technologies, Inc.

•Visy Industries Pty Ltd 

•WestRock Company

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