TMR_Research_Reports_2017 Paperboard Packaging Market Research Rate 2024 | Page 2

Paperboard Packaging Market
REPORT DESCRIPTION
Paperboard Packaging Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2016 – 2024
Paperboard is a material obtained by attaching multiple paper strips together to create a thick and
more durable material. Paperboard is more resistant than single sheets of paper to almost all
environmental agents, and presents a cheap mode for packaging large quantities of materials. Due to
this, the global paperboard packaging market has witnessed robust growth in the last few years and
is likely to remain a key part of the global packaging sector in the near future. Apart from the cheap
prices of paperboard packaging, the global paperboard packaging market has also received steady
demand due to the light weight of paperboard packaging, which makes long-distance shipping easier.
Despite the low weight, paperboard packaging represents a sturdy option for packaging most items.
According to Transparency Market Research (TMR), the global paperboard packaging market was
valued at US$122.7 bn in 2015. Exhibiting a strong 7.1% CAGR between 2016 and 2024, the
market’s valuation is expected to rise to US$227.4 bn.
Browse Market Research Report @ http://www.transparencymarketresearch.com/paperboard-
market.html
Food and Beverage, Cosmetic Industries Likely to be Vital for Paperboard Packaging Market
The global paperboard packaging market has been driven in recent years by the steady rise of urban-
centric industry sectors such as the food and beverage industry and cosmetics industry. The former is
likely to remain the key consumer in the global paperboard packaging market in the coming years due
to the rising demand for packaged food from busy, urban consumers. The cosmetics industry has also
benefited from the steady rise of an affluent consumer demographic in urban centers across the world
and is likely to comprise a key part of the global paperboard packaging market in the coming years.
The rising international trade of packaged fresh food such as produce is likely to play a key role in the
development of the global paperboard packaging market in the coming years.
By product type, the global paperboard packaging market is segmented into containerboard and
boxboard. Of these, containerboard products are likely to dominate the global paperboard packaging
market in the coming years. Significant technological innovation could be seen in the product lineup in
the global paperboard packaging market in the coming years as producers attempt to overcome the
growing competition in the market by providing enhanced products with characteristics such as water-
resistant linings.
Transparency Market Research
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