Asia-Pacific-Dominates the Paperboard Packaging Market
Asia-Pacific will have the largest share in the Paperboard Packaging Market in the forecast period due to tremendous growth in the packaging business. Increasing number of supermarkets in the region will also enhance the demand for packing boxes. The growing disposable income and changing lifestyle will also have a positive impact on the paperboard packaging market. North America is the second largest region in the market owing to the growing food and beverageindustry in the region.
Selected Regulatory Analysis Done in the Full Report:
The food and beverage segment will dominate the paperboard packaging market in the coming years as it uses the coated unbleached boards to pack beverages and corrugated container boards to pack food products, fruits and vegetables. The demand for frozen foods will enhance the growth of folding carton packaging. The electronics sector is also expected to have a significant growth due to the growth of internet and mobile usage. This factor has a positive influence on the growth of cardboard packaging.
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Selected Driving Factors Mentioned in the Full Report:
Growth of sustainable packaging for conservation of the environment will spur the paperboard packaging market during the forecast period.
Growth of health and personal care structures drives the demand for non-durable goods which in turn enhances the demand for industrial packaging.
Increasing demand for online shopping will propel the demand for paperboard packaging.
Increasing demand for consumer friendly products which are lightweight and transportable elevates the growth of paperboard packaging.
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Key Players of the Paperboard Packaging Market:
The key players of the paperboard packaging market include Amcor, Cascades, and Clearwater Paper Corporation. Amcor provides sterilization pouches, sterilization wraps and tapes to the local hospital distributors. Cascades provides boxboard and folding cartons. It also manufactures containerboards and converts corrugated products. Clearwater paper Corporation provides food service packaging. It provides paperboard for cups and plates.
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