Carton Boards

Global Carton Boards Market Outlook 

• The global cartonboard demand is expected to increase at a CAGR of 2–3 percent until 2027, due to an increase in demand from industries food, pharmaceutical, e-commerce, etc., and demand for more sustainable packaging is also expected to drive the market

• Asia is driving the demand for cartonboard, accounting for approx. 49 percent of the total cartonboard market, with China accounting the largest cartonboard consumption. There are many upcoming capacities in China, especially for Coated Ivory Board grade

• Cartonboard market witnessed steep price hikes in the past one year in Europe, as a result of unrest between Russia and Ukraine. In North America, the supply situation remained tight and demand from downstream segments remained strong

Global Market Overview

• The global cartonboard demand is expected to increase at a CAGR of 2–3 percent until 2027, due to an increase in demand from industries food, pharmaceutical, e-commerce, etc., and demand for more sustainable packaging is also expected to drive the market

• Asia is driving the demand for cartonboard, accounting for approx. 49 percent of the total cartonboard market, with China accounting the largest cartonboard consumption. There are many upcoming capacities in China, especially for coated ivory board grade

• Cartonboard market witnessed steep price hikes in the past one year in Europe, as a result of unrest between Russia and Ukraine. In North America, the supply situation remained tight and demand from downstream segments remained strong

Global Carton Boards End-use Market

• The cartonboard market has been witnessing an increase in demand from healthcare, food, and personal & homecare segments

• Demand for cartonboard packaging products is on the rise, as companies focus on sustainability and trying to reduce their environmental footprint by replacing plastic packaging with paper products

Carton Boards Market Growth Drivers

Awareness among consumers

• Due to increasing environmental and health awareness, consumers now-a-days prefer organic packaging. Thus, pressurizing the producers to switch from plastic packaging to sustainable packaging such as paper and paperboard packaging which are recyclable and biodegradable

Regulatory trends and pressures

• Stringent government regulations are influencing the market to switch to sustainable packaging. By 2030, all plastic packaging placed on the European Union market should be reusable or recyclable. As a result, continuous technological innovations are being done in Cartonboard market in order to replace plastic packaging. Some of which are being commercially accepted in the market. Also, FDA regulation includes the use of recycled materials in food packaging including 100 percent recyclable folding cartons

Light-weight

• Now-a-days, companies are trying to reduce their expenses in every possible way and transportation/freight costs is one of them. So, companies are opting for materials that are lighter in weight and Cartonboard packaging fulfils their requirement. This also leads to less fuel consumption and carbon foot-print which is one of the major sustainability goals being set by the companies.

Urbanization

• Rapid Urbanization and time constraint lifestyle are increasing the demand for fast foods and ready-to-cook meals which are further expected to drive the Cartonboard. For example, As part of their sustainability goals, Iceland Foods which is a British frozen food retailer, has taken a commitment to remove plastic from its own label foods by 2020.

Demand from end-use industries

• Technological advancements in printing such as digital printing, 3D printing with additional effects provides additional value to the packaging making it attractive and consumer friendly thereby increasing the demand from end-use industries such as Food & Beverages, Pharmaceutical, Cosmetics, etc. which are mainly consumer driven industries

Why You Should Buy This Report

• The report provides details on the global and regional carton board market, price drivers, growth drivers, value chain analysis, etc. 
• It gives the Porter’s five force analysis of the global carton board market, details the supply landscape and gives SWOT analysis of major carton board suppliers like Tembec paperboard, Weyerhaeuser, Clearwater paper, etc. 
• It gives the cost structure and carton board prices analysis and lists out the major technological trends and innovations in the carton boards industry.