GVR Report cover Rigid Paper Containers Market Size, Share & Trends Report

Rigid Paper Containers Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2027

  • Report ID: GVR7087
  • Number of Pages: 0
  • Format: Electronic (PDF)

The global rigid paper containers are made of interlaced cellulose fibers, which is derived from wood pulp. Rigid paper containers are highly economical and offer greater mechanical strength. The paper containers also add an advantage of biodegradability and wide printability options that further strengthen the branding strategies of companies in various industries.

The rigid paper containers market includes two types of boards namely paperboard and containerboard. Wherein, containerboard is further divided into liner board and corrugating medium board. The containerboard dominated the global rigid paper container market owing to the high demand for secondary and tertiary packaging worldwide. The demand for containerboard is expected to further rise due to the increasing exports and imports of the goods. Furthermore, owing to the demand for containerboard, the number of containerboard manufacturers has been growing persistently since the past five years, which has been benefiting rigid paper container manufacturers.

In terms of product type, the rigid paper containers include boxes, tubes, trays, liquid cartons, clamshells. Boxes that include both corrugated and non-corrugated board types account to a larger share in the market as they are used in all types of packaging including primary, secondary, and tertiary packaging. Boxes are followed by liquid cartons owing to easy carry options. Furthermore, liquid cartons are considered highly recyclable as it includes 70% of paperboard. Recyclability is expected to be the key factor driving the liquid carton demand over the forecast period.

Furthermore, corrugated boxes are primarily responsible for the demand in the rigid paper container box segment on account of increasing product packaging due to broadening the transportation and e-commerce industry that demands retail-ready packaging. The global e-commerce industry has been experiencing double-digit growth rate year-on-year and is expected to continue over the forecasting resulting in promising demand for corrugated boxes and other paper rigid packaging.

The demand for rigid paper containers is fueled by the growing environmental concerns on plastic packaging that is not biodegradable in nature. Properties such as highly degradable and compostable properties are fueling the demand for rigid paper containers from end-use industries including food & beverages, chemicals and fertilizers, pharmaceuticals, automotive, electrical and electronics, consumer goods, and others. The food & beverage industry dominates the market as an end-user industry that uses rigid paper containers in terms of revenue owing to the growing processed food segment. The easy cooking and consumption preferences among the population owing to the factors such as changing lifestyles coupled with increasing per capita incomes worldwide are fostering the demand growth for food & beverage industry. This is expected to result in demand for rigid paper containers in the food and beverage industry.

In terms of region, Asia pacific accounts to a larger share in the global rigid paper containers market owing to the presence of large end-user industries in the region. China and India are the two countries contributing a larger share in the region. Furthermore, the aforementioned countries have been widely adopting modern retail trade is contributing to the larger share in the region. The Asia Pacific is followed by Europe and North America. The adoption of rigid paper containers is high in Western European countries such as Norway, Sweden, and Ireland. Several beverage manufacturers have been keen on adopting various technologies in paper-based packaging such as bag-in-box-container.

High convenience and lightweight properties of the liquid cartons have been replacing PET bottles gradually. Liquid cartons are largely used to pack fruit juice, smoothies, dairy products etc. Furthermore, liquid cartons also offer the advantage of extended shelf lives for the products making them attractive packaging types in the market.

The vendors in rigid paper containers market are undertaking various business strategies such as new product developments aiming to differentiate themselves in the market. Furthermore, many players are investing in offering more sustainable and environmental friendly products. Key companies in the market have been expanding their geographic presence and product portfolio through various market strategies. For instance, In May 2019, Sonoco Products Company has acquired Corenso Holdings America Inc, which is a producer of paper packaging products for $110 million aiming to strengthen its paperboard business segment. Some of the major vendors in the industrial packaging market include Sonoco Products Company, Smurfit Kappa, Mondi, Cascades inc, and Stora Enso. Some of the others include International Paper, DS Smith, WestRock Company, Greif, and Menasha Packaging Company, LLC.

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