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US Paperboard Packaging Market Outlook to 2020 : Ken Research
• US Paperboard Packaging Market Outlook to 2020 - Expanding E-tail industry and Usage of Recycled Paper to Fuel the Demand for Paper Products" which provides a comprehensive analysis of the Paperboard Packaging market in the US. The report covers various aspects such as overall size of the US paperboard packaging market in terms of value and volume, segmentation on the basis of organized and unorganized sector, types of products, by grades, by virgin or recycled paperboard, by Applications, by types of papers used, by regions and by E-commerce and offline clients.
How The Us Paperboard Packaging Market Is Positioned?
• The paper packaging industry in the US is the production of paper packaging products such as corrugated boxes, folding carton, paper bags and many more. The paper packaging industry in US largely operates under the organized system. There are many small players and medium size players in this industry as enter barriers to enter this industry are low. In a country like US where the purchasing power of the people is high as compared to other countries, goods are usually sold in luxurious packaging material which contributes significantly in rising demand for paper packaging products in the country.
• Additionally, the customer’s preference of paper board packaging products over other mode of packaging as it is reusable can be handled and stored easily without taking much space has also attributed to the increasing market size.
• The paper packaging industry caters the needs of many sectors in the economy such as Food & Beverages, Automobile, Fast-Moving Consumer Goods (FMCG), Pharmaceuticals, Durable goods, Tobacco and many more.
Figure: US Paperboard Packaging Market Size By Revenue In USD Billion, 2010-2015
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Which Segments Have Driven The Size Of The US Paperboard Packaging Industry?
• On the basis of application food & beverages had dominated the market with the percentage share of ~% in 2015. The rise in prominence of packaged food in the country had triggered the demand of folding cartons, paper bags and others. Additionally, the rise in demand of beverages, especially in tetra packs such as juices, milk, energy drinks and others had also accelerated the market size of the paper board packaging industry for food & beverages application. The second highest contributor is the personal care & home care (~ %) followed by health care, home accessories and electronics packaging and others.
• On the basis of grades Solid bleached sulphate substrate had dominated the market in 2015. SBS can be die cut, creased, hot foil stamped and embossed with ease. It therefore gives wide scope for advanced structural and surface designs. Their multiple usages and advantages have made this category to dominate the paperboard packaging industry in the US. The second highest contributor is coated unbleached Kraft paperboard followed by Uncoated Recycled paperboard, Coated Recycled paper board and others. Coated unbleached Kraft paperboard have a superior strength that is produced from a furnish containing at least 80 percent virgin unbleached, natural wood pulp due to which it is the second highest contributor in the industry.
• The market can be segmented on the basis of virgin and recycled raw materials used for manufacturing the paperboard packaging products in the country. Virgin paperboard had dominated the market as the virgin boards have more strength and can be used anywhere. Additionally, many unorganized players or small or medium sized players do not have plants to recycle the materials. Also, it becomes very difficult by the companies to collect the paper waste from every nook & corner of the country to recycle them, which adds an extra cost in recycling the paper board.
What Is The Role Of Corrugated Boxes In The US Paperboard Packaging Industry?
• Corrugated box packaging is one of the most important parts of the paper board packaging in US. The advantage and benefits of corrugated board packing over other packaging materials such as plastic and others have encouraged the buyers to go for corrugated boxes.
• The corrugated market size had increased from USD ~ Billion in 2010 to USD ~ Billion in 2015. Corrugated box packaging is one of the most important parts of the paper board packaging in US. The advantage and benefits of corrugated board packing over other packaging materials such as plastic and others have encouraged the buyers to go for corrugated boxes.
What Has Been The Performance Of Folding Cartons In The Us Paperboard Packaging Industry?
• The folding carton industry in US is growing at a rapid pace due to the increasing demand for personal care and health care products in the country. The personal care industry in US had increased from USD ~ billion in 2010 to USD ~ billion in 2012. The growing demand of personal care products in the country had driven the demand of folding cartons in coming future.
• Additionally, increasing product range by the personal care products and food & beverage companies such as tea which began with one product is now available in 14-15 different formulation resulting in the proliferation of SKUs. This had raised the demand of folding cartons.
• The folding carton industry had increased from USD ~ Billion in 2010 to USD ~ Billion in 2015, growing at a CAGR of ~% during the period. The Paperboard used for folding carton had increased from ~ million tonnes in 2010 to ~ million tonnes in 2015, growing at a CAGR of ~% during the period.
What Has Been The Growth Trajectory Of Paper Bags In The US Paperboard Packaging Industry?
• Paper bags are intensively used in the packaging of grocery items, vegetables, fruits and others. The FMCG companies in the country had also started focusing on packaging the products in paper bags as they are renewable and does not harm the environment. Paper bags are intensively used in the packaging of grocery items, vegetables, fruits and others. The FMCG companies in the country had also started focusing on packaging the products in paper bags as they are renewable and does not harm the environment.
• Establishment of number of shopping complexes and consumer stores in the country had raised the demand of paper bag.
• The paper bag industry had increased from USD ~ Billion in 2010 to USD ~ Billion in 2015, growing at a CAGR of ~% during the period. The Paperboard used for paper bag had increased from ~ million tonnes in 2010 to ~ million tonnes in 2015, growing at a CAGR of ~% during the period.
How THE COMPETITION IS Structured In The US Paperboard Packaging Market?
• The paperboard packaging industry consists of 520 companies in the US with 1200 manufacturing units. The market is dominated by few leading players in the organized sector. International packaging industry is the leading company with the Revenues of USD ~ Billion in 2015 in the country.
• The second largest contributor is the West rock Company with the Revenues of USD ~ Billion in 2015. The Company is the joint venture of two leading companies of the country. The third largest manufacturer is packaging council of America followed by KAP stone packaging, grief packaging and others. In future also, it has been anticipated that these companies will lead the market by following the strategy of merger and acquisition in the country.
What Are The Future Prospectes For The US Paperboard Packaging Market?
• Rising Prominence of online shopping and expanding E-commerce industry will drive the demand of corrugated packaging in the country. It has also been anticipated that the number of e-commerce companies will increase by 2018 which will result in the boosting the paper packaging Industry.
• Additionally, the rising government initiatives on using renewable resources of packaging and banning of the non-renewable resources such as plastic bags and other will lead to the robust growth of the paper packaging industry in US.
• The expanding consumer durable industry and retail industry in the country will lead the market of paperboard packaging in the country. The market will increase from USD ~ billion in 2016 to USD ~ Billion in 2020.
• Source : https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/us-paperboard-packaging-industry/47688-100.html
• Contact: Ken ResearchAnkur Gupta, Head Marketing & [email protected]+91-9015378249
• Website : www.kenresearch.com
