Paperboard Container Market Expected to Reach $207.40 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Paperboard Container Market," The paperboard container market size was valued at $135.48 billion in 2021, and is estimated to reach $207.40 billion by 2031, growing at a CAGR of 4.3% from 2022 to 2031.

The global paperboard container market is anticipated to be driven by the rise in demand for paperboard container packaging in important end-use sectors, such as food and beverages, healthcare, industrial products, and others. The food and beverages and healthcare sectors in emerging nations are expected to benefit from the rapid expansion in global population. In turn, it is anticipated to increase the demand for paperboard container packaging.

In addition, paperboard-based packaging is an affordable and lightweight packaging option that offers enough protection for a variety of items. Paper-based packaging includes shipping sacks, paperboard, containerboard, and paper bags. Containerboard is made from cardboard and are available in different grades with special qualities that make them perfect for packing cereals, cosmetic items, and medications. Multi-wall paper bags called shipping sacks are typically used to transport large goods.

Moreover, rise in governmental strict regulations regarding environmental protection is further expected to favor the growth of paperboard container market. For instance, in January 2020, a new policy was implemented by the National Development and Reform Commission and the Ministry of Ecology and Environment. The directive will see non-degradable bags banned in major cities by the end of 2020 and in all cities and towns by 2022. Hence, due to rise in awareness toward environment, these investments in the paperboard sector are expected to increase the paperboard container market share and provide growth in this market.

Asia-Pacific accounting for the majority share of the global market has dominated the global paperboard container market in terms of revenue in 2021, due to economic growth and emergence of various industries such as food and beverage, electronics, FMCG, and pharmaceutical. Technological advancements in the pharmaceutical business are expected to positively affect the paperboard container market.

However, during the COVID-19 pandemic, various manufacturers in the paperboard container market had to stop their business in countries, such as China, the U.S., and India. This break directly impacted the sales of paperboard container companies. In addition, lack of manpower and raw materials also constricted supply of raw materials for the paperboard container market, which negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of paperboard container companies.

Key Findings Of The Study

• The report provides an extensive analysis of the current and emerging global paperboard container market trends and dynamics. 
• Depending on board type, the paperboard segment has dominated the market, in terms of revenue in 2021, and containerboard is projected to grow at a significant CAGR during the paperboard container market forecast period.
• By end users, the food and beverage segment has registered highest revenue in 2021.
• Asia-Pacific is projected to register the highest paperboard container market growth rate in the coming years.
• The key players within the global paperboard container market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the paperboard container industry.
• The report provides an extensive analysis of the current trends and emerging paperboard container market opportunities of the market.
• In-depth global paperboard container market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.