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

Paperboard Market size was valued at USD 142.08 billion in 2019 and is poised to grow from USD 146.12 billion in 2023 to USD 183.68 billion by 2031, growing at a CAGR of 2.9% in the forecast period (2024-2031).

Paperboard is a thick paper-based material widely used in packaging. It is made with wood pulp as the primary component. A significant portion of paperboard is recycled to prevent deforestation and waste. Food and beverage packaging, medical packaging, durable and non-durable goods packaging, industrial packaging, and cosmetics packaging are the most common applications for these.

Plastic-based packaging products are subject to stringent regulations all over the world due to their non-biodegradability. Single-use plastic is increasingly being banned in many countries, and paper-based packaging is increasingly being used in its place due to its sustainability. Furthermore, rising consumer sustainability awareness and end-use industry demand for eco-friendly packaging are expected to drive the global paperboard market.

Paperboard products are widely used to package food and beverages due to their low cost, lightweight, excellent printability, sustainability, and non-reactive properties. The global packaged food industry has grown significantly in recent years as a result of rising disposable income and retail network expansion. Thus, growing packaged food industry is expected to boost demand for paperboard over the forecast period.

US Paperboard Market is poised to grow at a sustainable CAGR for the next forecast year.