Paperboard Packaging Market to Reach US$181.81 Billion in 2020 owing to Growth of Packaged Food Industry.

A new report has been published by Transparency Market Research, titled “Paperboard Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”. TMR, a market intelligence company based in the U.S., says in its report that the global paperboard packaging market was estimated at US$108.08 billion in 2013, growing at a CAGR of 7.8% from 2014 to 2020 and is predicted to reach US$181.81 billion in 2020.According to this TMR report, based on product, the paperboard market is segmented into containerboard and boxboard. On the basis of volume, in 2013, containerboards were the biggest segment in the global market for paperboard packaging. The segment is predicted to grow at a rapid rate when compared to boxboards in the forecast horizon. Boxboards can further be categorized into solid unbleached boards (SUB), folding boxboards (FBB), white lined chipboards (WLC), and solid bleached boards (SBB). On the basis of volume, in 2013, the white lined chipboards represented the biggest share in the boxboard product segment. 

 

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As per the TMR report, in terms of applications, the paperboard market is segmented into food and beverages, durable goods, non-durable goods, medical, and others. On the basis of volume, food and beverages surfaced as the biggest application segment of the worldwide market for paperboard packaging in 2013, and the segment held over 40% of the market in 2013.This segment is expected to sustain as the biggest application in the forthcoming future, developing at the most expeditious rate amongst all applications. The worldwide packaged food industry’s growth is proposed to stimulate the segment for food and beverages. The segment of non-durable goods is predicted to be the second largest segment in the worldwide market for paperboard packaging during the forecasting horizon.