Paperboard Boxes Market
Key Players
Some of The key players in the global Paperboard Boxes Market are Mondi Group t(Austria),
Georgia-Pacific Corporation (U.S.), International Paper Company (U.S.), Smurfit Kappa Group
(Ireland), Graphic Packaging International, Inc. (U.S.), Cascades Inc. (Canada), DS Smith Plc
(U.K.), Klabin S.A.(Brazil), Oji Holding Corporation (Japan), Nine Dragons Paper(Holding)
Limited (China), Packaging Corporation of America (U.S.), Nippon Paper Industries Co. Ltd
(Japan), Orora Packaging Australia Pty Ltd (Australia), Rengo Co., Ltd. (Japan), and WestRock
(U.S.)
Segmental Analysis
The global Paperboard Boxes Market is divided by product type into corrugated and solid
fiber boxes, folding paperboard boxes, set-up paperboard boxes, and others. Corrugated and
solid fiber boxes are the dominant segment in the global Paperboard Boxes Market due to
their durability, which makes them the prime candidate for long-distance transportation of
a wide variety of products. The diversity of applications of corrugated and solid fiber boxes
is expected to be crucial in enabling solid market growth of the same over the forecast period.
Based on application, the global Paperboard Boxes Market is segmented into durable goods,
paper and publishing, food and beverages, chemicals, and others. Durable goods are likely to
be the major application of Corrugated & Paperboard Boxes in the forecast period due to the
steady growth of the ecommerce and electronics industry, which has led to a steady rise in
demand for the transportation of a wide variety of durable goods, including electronics items
and home appliances.
Regional Analysis
Asia Pacific (APAC) is likely to be the dominant regional market for Corrugated & Paperboard
Boxes over the forecast period. Rapid growth of the ecommerce industry in the developing
economies in APAC is likely to be a major driver for the Paperboard Boxes Market in the
region. Growing disposable income of consumers has allowed for steady growth of the
electronics industry in APAC, leading to a rise in the demand for Corrugated & Paperboard
Boxes.
North America is another leading regional market for Corrugated & Paperboard Boxes due
to the widespread presence of the ecommerce industry in the region. Europe is also expected
to be a major market for Corrugated & Paperboard Boxes over the forecast period due to the
bans on plastic packaging in many countries in the region, which have given rise to a demand
for alternative packaging materials.
Market Segmentation
Global Paperboard Boxes Market is segmented based on material, product, application, and
region. Based on the material, the market is segmented into paperboard, adhesives, inks,
waxes, and others. Among these, the paperboard is projected to dominate the Paperboard
Boxes Market till 2023 owing to the rising implementation of paperboard packaging across
all the end use applications. Based on the product, the market is segmented into corrugated
& solid fiber boxes, set-up paperboard boxes, folding paperboard boxes, and others. The
corrugated & solid fiber boxes dominated the market in 2016 and are projected to be the
fastest-growing product over the review period. A wide applications of corrugated & solid
fiber boxes across all the major goods packaging with its high benefits for distance
transportation make them an ideal product for packaging. Based on the application, the
market is segmented into durable goods, food & beverages, paper & publishing, chemicals,
and others. The durable goods segment dominated the market in 2016 and is projected to be
the fastest-growing application over the next five years, as a result of the rise in the global
sale of electronic goods, home appliances, and other electronic goods, which has resulted
into the market evolution of durable goods.
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