Paper Packaging & Paperboard Packaging Market worth $213.4 Billion by 2020,at a CAGR of 3.5%

The "Paper & Paperboard Packaging Industry" has been growing with the global packaging market. With increasing environmental issues of landfill and degradation of packaging material, a shift has been seen from plastic to more use of paper & paperboard in the packaging industry.

The global paper and paperboard packaging market is projected to reach $213.4 Billion by 2020, at a CAGR of 3.5% from 2015 to2020. The European region accounted for around 33% of the total market share value, followed by the North American and Asia-Pacific regions. However, as the paper & paperboard market in developed countries is getting matured, the market in developing countries such as China and India are estimated to grow at a higher rate from 2015 to 2020. This is because of the high population in the country and the growth in the disposable income of the citizens.

A lot of innovations in designs & technological advancements have been witnessed by the industry in the last decade, which has helped in entering new segments such as, frozen foods, multi-pack beverage holders, recycled paperboard for packaging of dry food, and healthcare products.

With increasing disposable income of people in developing countries and more dependence on convenience food, the packaging industry is booming in the Asia-Pacific region. Food accounts for the largest share in the paper & paperboard packaging applications followed by home & personal care and beverage packaging.

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Scope of the Report:

Based on Grade:

• Solid Bleached Sulfate (SBS)
• Coated Unbleached Kraft Paperboard (CUK)
• Folding Box Board (FBB)
• White Line Chipboard (WLC)
• Glassine & Greaseproof Paper
• Label Paper
• Others (Liquid Packaging grade, parchment paper, vegetable paper, and filter paper)

Based on Application:

• Food
• Beverages
• Healthcare
• Personal & Homecare
• Others (Education & Stationary, Construction)

Based on Type:

• Corrugated Box
• Boxboard
• Flexible Paper Packaging

Based on Region:

• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)

The Key Players in the market are Amcor Ltd. (Australia), ITC Ltd. (India), Cascades Inc. (Canada),RockTenn Company (U.S.), Clearwater Paper Corporation (U.S.), Packaging Corporation of America (U.S.), DS Smith Plc. (U.K.), Mondi Group (South Africa), and Metsa Group (Finland).