Rising Demand from Cosmetics Industry Drives Demand for Paperboard Packaging, Global Market to Expand at 7.8% CAGR between 2014 and 2020 : Transparency Market Research
Paperboard Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020
A new report, titled “Paperboard Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, published by the market research company Transparency Market Research, is a professional and comprehensive overview of the global paperboard packaging market.
Browse The Full Paperboard Packaging Market Report At : http://www.transparencymarketresearch.com/paperboard-market.html
The report analyzes the market for its key elements on a global as well as regional platform. Data gathered with the help of primary and secondary research techniques is subjected to a variety of industry-best analytical methods to present before the user some of the most important bits of market information. The report includes numerous tables and graphical data elements to make the statistics easily comprehensible.
The report states that the global paperboard packaging market, which had a valuation of US$108.08 bn in 2013, will expand at a healthy 7.8% CAGR between 2014 and 2020 and rise to US$181.81 bn by 2020. The report states that the steadily growing demand for sustainable packaging across the globe, coupled with the rising demand for paperboard packaging from the global cosmetics industry, is the key factor driving the global paperboard packaging market.
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However, the market is marked by the easy availability of a variety of high-performance substitutes such as plastics, which could limit the projected growth of the market to a certain extent. The BRICS nations present a huge growth opportunity for the global paperboard packaging market owing to the flourishing e-commerce industry in the region.The report segments the global paperboard packaging market on the basis of three criteria: product type, key application area, and geography.
On the basis of product type, the market is further segmented into boxboards and container boards. The market segment of boxboards is further segmented into solid unbleached boards, solid bleached boards, white linen cupboards, and folding boxboards. Of these, the segment of containerboards held the largest share in the market in 2013 and is expected to grow at a rapid pace over the report’s forecast period as well.
Application-area-wise, the market is segmented into food and beverages, nondurable goods, durable goods, medical, and other industries such as industrial goods and machinery. Volume-wise, the market for food and beverages led the market in 2013, accounting for a 40% share in the market.Geography-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The presence of key manufacturing companies in Asia Pacific countries such as China and India is the key factor behind the region’s dominance in the global market.
The report also presents a detailed overview of the competitive landscape of the global paperboard packaging market. Along with discussions related to the key developments observed in the market in the recent past, the report gives business profiles of some of the key businesses operating in the market, including International Paper Company, Mondi plc, Sappi Limited, Nippon Paper Industries Co. Ltd., Svenska Cellulosa Aktiebolaget (SCA), Metsä Group, Rock-Tenn Company, ITC Limited, Smurfit Kappa Group plc, and Stora Enso Oyj.
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Major geographies analyzed under this research report are:
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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