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The liquid paperboard market share is expected to increase by USD 2.99 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.67%.
This liquid paperboard market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers liquid paperboard market segmentation by application (dairy products, juice products, and others) and geography (North America, Europe, APAC, South America, Middle East and Africa, US, Germany, UK, China, and Japan). The liquid paperboard market report also offers information on several market vendors, including BillerudKorsnas AB, Bulleh Shah Packaging Pvt. Ltd., Clearwater Paper Corp., Elopak AS, Georgia-Pacific LLC, Klabin SA, Graphic Packaging Holding Co., International Paper Co., Nippon Paper Industries Co. Ltd., Pactiv Evergreen Inc., PaperWorks Industries Inc., PT. Indah Kiat Pulp and Paper Tbk, Rengo Co. Ltd., Stora Enso Oyj, The West Rock group, and Yibin Paper Co. Ltd. among others.
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The increase in demand for recyclable and sustainable packaging is notably driving the liquid paperboard market growth, although factors such as fluctuations in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the liquid paperboard industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Liquid Paperboard Market Driver
The increase in demand for recyclable and sustainable packaging is one of the key drivers supporting the liquid paperboard market growth. Paperboards are considered to be one of the most sustainable packaging formats as they are easily recyclable. Furthermore, liquid paperboard producers are trying to use more renewable resources to enhance their environmental credentials. These renewable paperboards are derived from wood pulp or recycled wastepaper, and hence, are environment-friendly and biodegradable as they do not contain any toxic substances. Hence, the eco-friendly and sustainable characteristics of paperboards will drive the demand for liquid paperboard during the forecast period.
Key Liquid Paperboard Market Trend
Technological innovations in liquid packaging is one of the key liquid paperboard market trends. The development of MFC is an example of technological innovation. It is a natural, renewable, and biodegradable raw material. It is stronger than steel and safe for food contact. It preserves the aroma of the food and provides an excellent oxygen and grease barrier. Stora Enso is one of the first companies to commercially launch paperboard enhanced with MFC in milk cartons for the dairy industry. In June 2019, the company introduced New Natura, a liquid packaging board enhanced with MFC for extra strength and lower weight. Thus, the growing number of innovations in coating technologies will play a vital role in propelling the growth of the global liquid paperboard market during the forecast period.
Key Liquid Paperboard Market Challenge
Fluctuations in raw material prices is one of the factors hindering the liquid paperboard market growth. For instance, the price of paper has increased owing to the rising cost of transportation. Meanwhile, the average price of diesel globally is $1.00 per liter. As the fuel cost increases, the freight rates also go up. As paper and paper products must be shipped globally, the increasing fuel and freight prices will concurrently raise the price of paper. Such increases in the prices of raw materials lead to a rise in the production cost of vendors and affect their profit margins adversely. Hence, vendors are forced to pass on the cost burden to the end-users. Thus, manufacturers are compelled to experiment with cheaper substitutes to remain competitive in the market. Such factors will impede the market growth during the forecast period.
This liquid paperboard market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global liquid paperboard market as a part of the global paper packaging industry. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the liquid paperboard market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the liquid paperboard market encompasses successful business strategies deployed by the key vendors. The liquid paperboard market is fragmented and the vendors are deploying growth strategies such as service differentiation, portfolio, and pricing to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The liquid paperboard market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the liquid paperboard market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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34% of the market's growth will originate from North America during the forecast period. The US is the key market for the liquid paperboard market in North America. Market growth in this region will be faster than the growth of the market in APAC.
The increase in consumer spending on household goods will facilitate the liquid paperboard market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The demand for liquid paperboard has witnessed significant growth in the region during the COVID-19 pandemic period, owing to the growth of the beverage industry and the household goods sector. Moreover, vaccination drives will drive the liquid paperboard market during the forecast period.
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The liquid paperboard market share growth by the dairy products segment will be significant during the forecast period. Dairy products are considered a vital source of nutrients for people of all age groups. On the other hand, there are concerns over dairy products getting damaged during transit. This has encouraged dairy product manufacturers to adopt rigid packaging solutions, such as liquid paperboard packaging, which is appealing to consumers and is less likely to get damaged during transportation. Such factors will help to stimulate the demand for liquid paperboard packaging for dairy products during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the liquid paperboard market size and actionable market insights on post COVID-19 impact on each segment.
Liquid Paperboard Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.67% |
Market growth 2022-2026 |
$ 2.99 million |
Market structure |
Fragmented |
YoY growth (%) |
2.58 |
Regional analysis |
North America, Europe, APAC, South America, Middle East and Africa, US, Germany, UK, China, and Japan |
Performing market contribution |
North America at 34% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
BillerudKorsnas AB, Bulleh Shah Packaging Pvt. Ltd., Clearwater Paper Corp., Elopak AS, Georgia-Pacific LLC, Klabin SA, Graphic Packaging Holding Co., International Paper Co., Nippon Paper Industries Co. Ltd., Pactiv Evergreen Inc., PaperWorks Industries Inc., PT. Indah Kiat Pulp and Paper Tbk, Rengo Co. Ltd., Stora Enso Oyj, The West Rock group, and Yibin Paper Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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