October 18, 2018
WELLESLEY, Mass., October 18, 2018 – Due to emerging market growth, increased access to the internet and the integration of IoT (Internet of Things) and AI (Artificial Intelligence) technologies, the global market for paperboard container manufacturing is experiencing significant growth, according to a new report from BCC Research.
In 2018, the global market for paperboard container manufacturing was worth $285.9 billion. BCC Research estimates that it will reach a value of $369.5 billion by 2023, indicating a compound annual growth rate (CAGR) of 5.3%, according to the report Paperboard Container Manufacturing: Global Markets to 2023.
The corrugated and solid fiber box manufacturing segment accounted for the largest share of the paperboard container manufacturing market in 2018 at $176.9 billion. The highest growth is also projected to come from the corrugated and solid fiber box manufacturing segment, which is forecast to grow at a CAGR of 5.7%.
“The paperboard container manufacturing market consists of sales of paperboard containers, which include boxes, corrugated sheets, pads, pallets, paper dishes and fiber drums and reels,” the report notes. “The paperboard container manufacturing industry comprises enterprises that convert paperboard, by using finishing materials such as glue, staples, labels and others, into containers but without manufacturing paperboard.”
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Paperboard Container Manufacturing: Global Markets to 2023( MFG066A )
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