The Infinium Global Research analyzes the Liquid Paperboard Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global liquid paperboard market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of liquid paperboard. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the liquid paperboard market during the period. Global liquid paperboard market witness 4.8% CAGR over the forecast period of 2019-2025.
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Growing Demand for Liquid Paperboard from the Food and Beverage Industry Contributes to the Growth of the Liquid Paperboard Market
According to IGR research analysts, the eco-friendly feature of liquid paperboard and rising government restrictions on the use of plastic containers drive the growth of the liquid paperboard market. Growing demand for liquid paperboard from the food and beverage industry contributes to the growth of the liquid paperboard market. Liquid paperboards are recyclable, leak-proof, and lightweight. Coca-Cola European Partners are replacing shrink film with paperboard sleeves or wraps across Western Europe. This step will eliminate around 4400 tons of single-use plastic per year across the region.
In addition, Starbucks had a pilot program that converted used coffee cups into 25 million new coffee cups. These coffee cups have a paper layer of 90 % virgin paper. Increasing preference for smaller packaged foods and surge in demand for single-serve packaged products boost the growth of the liquid paperboard market.
The report provides an in-depth analysis of the global liquid paperboard market, focuses on market opportunities along with the trends driving the market. According to the analyst, the scope of the market is analyzed on the basis of application and region. Based on the application, the liquid paperboard market is segmented into dairy products, juice products, and other beverages. Dairy products are expected to hold a premium share in the global liquid paperboard market. Introduction of flavored milk, soy milk, and other nut-based milk by the leading companies stimulate the need for liquid paperboard packaging in the dairy industry.
North America is Expected to Hold a Premium Share in the Global Liquid Paperboard Market
Based on the region, North America is expected to hold a premium share in the global liquid paperboard market. The rising demand for eco-friendly packaging in North America drives the growth of the liquid paperboard market in the region. Asia-Pacific region witnessed a healthy growth in the global liquid paperboard market over the forecast period owing to increasing demand packaged food.
The report profiles key players in the market are Stora Enso Oyj, International Paper, WestRock CP LLC, Klabin SA, BillerudKorsnas AB, Clearwater Paper Corp., Henan Jianghe Paper Co. Ltd., Shandong Bohui Paper Industrial Co., Ltd., Yibin Paper Industry Co., Ltd., Asia Pulp & Paper Co., Ltd., and other companies. Klabin acquired an industrial plant in Horizonte, Ceara in Brazil. The investment expands its board packaging production. Stora Enso is focused on the liquid packaging board segment and it is the first company to successfully launch a commercial paperboard packaging including micro fibrillated cellulose. The company has invested a total of Euro 9.1 million into its consumer board mills that accelerate its product development.
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The Infinium Global Research comprises of a team of well-experienced analysts who have qualified in generating incisive reports. The liquid paperboard market report offers trends, opportunities, challenges, market size, and forecast for major geographical regions and key countries. The report studies the global liquid paperboard market especially includes the study in North America, Europe, Asia-pacific, and RoW with production, revenue, consumption, import, and export in these regions. Each IGR syndicated research report covers different sectors such as healthcare & medical devices, chemicals, energy, Food & beverage, semiconductors, consumer goods, and Infra.