Paperboard Packaging Fits Focus on Sustainability; Applications Expand in Line with Green Packaging Trend
Paperboard has emerged as the packaging substrate of choice, right from consumers, retailers, and supply chain managers to marketers and designers. Using paperboard as a medium for packaging brings countless unique and attractive design opportunities both in terms of structure and graphics.
The paperboard packaging market, according to a report by Transparency Market Research, is already a massive industry and is poised for incredible growth in the near future. Valued at US$108.08 billion in 2013, the global paperboard packaging market is estimated to rise to US$181.81 billion by 2020, developing at a healthy 7.8% CAGR during that period.
The structural versatility that paperboard possesses remains unmatched. Paperboard can be scored, curved, folded, and die cut in numerous ways. In addition, it can be embossed with images, hot-foil stamped to add edgy designs, and it can be given a UV coating that adds a protective sheen and texture. Paperboard packaging is also available in a wide range of protection features such as security printing, RFID tags, holographic security systems, and tamper evident seals and materials.
Browse Market Research Report of Paperboard Packaging Market: http://www.transparencymarketresearch.com/paperboard-market.html
Thriving Sustainable Packaging Industry Driving Demand for Paperboard
Sustainable packaging is a recent trend that has taken the packaging world by storm, driven by the urgent need to minimize ecological footprint and environmental impact. Sustainable packaging not only meets the economic and functional needs of the consumer, supplier, contract packager, retailer, and distributor, but also assists in the goal of improving the longevity of natural ecosystems.
The use of recycled materials for package components is a key factor that is driving the paperboard packaging market. Today’s environmentally-conscious consumer demands goods packaged in recyclable, renewable paperboard. Sourcing paper from managed tree farms and recycling paperboard packaging promotes a sustainable world.
Growing Demand from Packaged Food Industry
Rapid urbanization, rising annual disposable incomes, and the increasingly hectic pace of modern life have greatly contributed toward the growth of the packaged food industry in recent times.
The packaged food industry is largely dependent on paperboard packaging. Continual advances in production, ink and printing, and coating technologies have managed to serve the growing demand for paperboard packaging from the food industry.
The use of paperboard as packaging for food items such as dry mix, frozen foods, snacks, and cereal has grown tremendously.
Browse Market Research Press Release of Paperboard Packaging Market: http://www.transparencymarketresearch.com/pressrelease/paperboard-market.htm
Some examples of major players in the packaged food industry using paperboard packaging:
- Safeway Select Gourmet Club’s frozen foods in premium-looking packaging
- Innovative, die-cut, unusually contoured packaging for Hershey Foods’ swoops products
- The five-color printed paperboard carton of Family Time Snacks’s microwave popcorn
- Rotogravure graphics reverse-printed paperboard packaging of General Mills’s Yu-Gi-Oh breakfast cereal.
Asia-Pacific Paperboard Packaging Market Remains Attractive for Foreign Players
Asia Pacific is presently the largest market for paperboard packaging largely because it is a manufacturing hub for major players worldwide, especially countries such as India and China. Last month, Iggesund Paperboard – the third-largest manufacturer of virgin fiber paperboard in Europe – announced its move to expand services in Asia. A sheeting and warehousing capability will be set up in Taiwan to give customers better service.
Other leading players operating in the global paperboard packaging market include ITC Limited, Oji Holdings Corporation, Shandong Bohui Paper Group Co., Ltd., Mondi plc, Sappi Limited, Metsä Group, Rock-Tenn Company, Svenska Cellulosa Aktiebolaget (SCA), Stora Enso Oyj, International Paper Company, Smurfit Kappa Group plc, and Nippon Paper Industries Co., Ltd.