The materials now available for packaging are paper and paper products, metal containers and foils, glass, plastics-rigid and flexible, cellulose films, textiles including jute, woven plastics and wood. Among the packaging materials, paper and paper based products continue to occupy a predominant place. Paper based materials used for packaging include bleached and unbleached Kraft, corrugated and solid fiber boards, and a large variety of converted items like wax coated, plastic coated, bitumen coated etc. Corrugated and solid fiberboard boxes have replaced the conventional wooden boxes as transport containers because of their lightweight and satisfactory strength.

Packaging has been assuming importance in the context of growth of industries in general and consumer industries in particular.

Paperboard packaging has gained prominence in the last two decades, with the emergence of modern retail formats where visual appeal, shelf life and unique brand identity have taken the centre stage. Paperboard packaging offers all these advantages and more – it is consumer-friendly, provides excellent product protection, is lightweight, easy to transport & stack and easy to dispose of. Most importantly, paperboard packaging is biodegradable. With increasing consumer awareness and focus on ‘green packaging’, paperboard is gaining ground in the packaging industry. Thus, as an entrepreneur this project offers an exciting opportunity to you.

Few Indian Major Players are as under:

·        AdorTechnopak Ltd.

·        Borkar Packaging Pvt. Ltd.

·        Egattur Printing & Packaging Ltd.

·        Parksons Packaging Ltd.

·        Plus Paper Foodpac Ltd.

·        Suryo Papers Ltd.

Market Outlook

Global demand for paper and paperboard is forecast to grow to 482 million tons in 2030. This equals an increase of 1.1 per cent per year.

The global paperboard packaging market is expected to reach a valuation of US$227.47 bn at the end of 2024 displaying a 7.1% CAGR from 2016 to 2024. In 2015, the market stood at a valuation of US$122.69 bn.Paperboard box demand in the U.S. is forecasted to increase 2.6 percent per year to $39.4 billion in 2018, improving from the performance of the recession-impacted 2008-2013 period. Gains will be driven by a rebound in manufacturing output and continued expansion of the overall economy.

US Corrugated & Paperboard Box Demand

ITEM	2008	2013	2018	2018-2013	2013-2018
Corrugated & Paperboard Box Demand	32635	34650	39400	1.2	2.6
Corrugated & Solid Fiber Boxes	23235	24940	29010	1.4	3.1
Folding Paperboard Boxes	8900	9230	9880	0.7	1.4
Set-Up Paperboard Boxes	500	480	510	-0.8	1.2

In consumer packaging, paperboard is mainly used for the manufacture of printed folding cartons (87% of the market), liquid packaging cartons, composite containers and paper cups. The Indian paperboard packaging industry accounted for around 21% of the total consumer packaging market that was valued at INR 472 billion in last year. Paperboard packaging, valued at INR 100 billion, is forecast to reach $25796.6 million by 2018.

One of the major trends in the folding carton market is increase in technological innovations wherein with the use of the latest technologies and designs, vendors are launching new products to address the growing demand for folding cartons. The analysts forecast the global folding carton market to grow at a CAGR of 4.12% during the period 2016-2020.

Paper Boards

Demand : Past and Future
Year	(In '000 Metric Tonne)
1990-91	420
2000-01	900
2001-02	960
2002-03	1015
2003-04	1080
2004-05	1150
2005-06	1230
2006-07	1310
2007-08	1405
2008-09	1517
2009-10	1644
2010-11	1790
2011-12	1960
2012-13	2125
2013-14	2314
2014-15	2498
2015-16	2708
2016-17	2935
2017-18	3182
2018-19	3449
2019-20	3739
2024-25	5557

 

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