Paperboard Market Size, Share, Growth Analysis, By Grade(White lined chipboard, folding boxboard, others), By Product Type(Corrugated box, flexible paper, others), By Region - Industry Forecast 2024-2031

Global paperboard market is dominated by Asia Pacific and the region is expected to experience significant growth during the forecast period (2022–2028) and it is thoroughly studied that, in the year 2021, Asia Pacific generated significant revenue; and India and China are the prominent economies focussing on high competition along with the rapid growth in urbanization and increased preference of packaged foods and other consumer products.

North America, with its large corporate presence, remains one of the primary markets for paperboard packaging materials. North America consumed 74.21 million metric tons of paper and paperboard in 2018. This is the case, according to FAO and UNECE data. The United States dominates the folding carton packaging industry in North America, with food expected to be the leading end-user. According to the Association for Packaging and Processing Technologies, the food sector in the United States is expected to grow at a CAGR of 2.9% by 2022. Such trends in North America are expected to continue, which will benefit the paperboard market.

Europe is also expected to grow at a rapid pace in the coming years. The European Union intends to phase out single-use plastic by 2021. Furthermore, when compared to other countries, European consumers have a significantly higher level of sustainability awareness. These factors are primarily boosting market growth in Europe.