Paperboard packaging is a material with thick paper base. The end product is then used for packing and wrapping products. The paper and paperboard packaging market is expected to gain 6% CAGR during the forecast period (2017-2023). Factors that can impact the global Paper and paperboard packaging market are the growing demand for eco-friendly options to reduce the adverse impacts of plastic on the earth.

Regional Analysis

Region-specific details of the global Paper and paperboard packaging market includes North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

North America’s second position is mostly due to the growth of the food and beverage sector in this country. The regional food & beverage business is quite large and on it the plastic container market is thriving. Increasing storage expenditures and proper measures taken to maintain the transportation of the product hike the growth further.

Europe has the potential to delivery remarkably during the forecast period. The product sustainability has made the region look for such packaging options to carry on with the ambition. In the APAC region, rise in packaging would be substantial with increasing number of industries in countries like India and China.

Segmentation

MRFR segmented the global Paper & paperboard packaging market by type, grade, and application in their latest report for a closer inspection of trends and factors driving the market ahead.

Based on the grade, the Paper and paperboard packaging market encompasses white line chipboard, folding boxboard, solid bleached sulfate, coated unbleached kraft board, and others.

Based on the application, the Paper & paperboard packaging market includes personal care, healthcare, food & beverages, electronics, and others. The food & beverage had the maximum market coverage during the 2016.

Competitive Landscape

Several companies are in the run to develop the best and take over the global market. These companies are ITC Ltd. (India), Amcor Ltd. (Australia), RockTenn Company (U.S.), Cascades Inc. (Canada), Packaging Corporation of America (U.S.), Clearwater Paper Corporation (U.S.).