Paperboard partition market is likely to record a promising CAGR 5.3% during the forecast period. The market is currently valued at US$ 6.40 Bn and is likely to reach US$ 10.36 Bn by 2032. As a fibre divider used in any packaging box or container, paperboard partitions are utilised to best protect delicate goods like glass bottles.
Paperboard partition sales rise as a result of the material’s dual usability, which increases the storage packaging boxes’ adaptability. Impact resistance, durable quality, and a range of sizes are new trends associated with the sales of paperboard partitions, which are increasing at an exponential rate.
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Key Drivers and Restraints to the Paperboard Partition Market
The driving factor for the growth of the paperboard partition market across the world is the increasing demand for eco-friendly high-performance inner packaging protection that results in damage-free packaging.
The paperboard partitions are 100% recyclable, which helps to reduce carbon footprints in the environment. The fuelling factor for boosting the demand for paperboard partitions is paperboard partitions are reusable.
The waste paperboard partitions are easy to convert into a pulp with less processing cost, and a new paperboard partition is created with improved strength.
Regions to hold the Prominence in the Paperboard Partition Market
The changing trend of packaging industries leads to increasing preference for paperboard partition market in various regions.
The increasing number of supermarkets, online shopping services, and hypermarkets in North America provides more opportunities for the paperboard partition market, increasing the demand for paperboard partitions. The paperboard partition market is further growing with rising pharmaceutical markets. North America is the biggest market for paperboard partition and will hold the biggest portion in the forecast period.
Following The United States, Europe is the leader in the pharmaceutical sector, which will increase sales of paperboard partition during the forecast period.
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Competitive Landscape in Paperboard Partition Market
The key players of the Paperboard partition market are focusing on enhancing and adopting strategies like mergers, approvals, upgrades and innovative advancements to drive the demand for Paperboard partition business. This drives the sales of Paperboard partition.
Key players in Paperboard partition market include International Paper, WestRock Company, Stora Enso, RTS Packaging LLC, M&M Box Partitions Co, Mil-Spec Packaging of GA Inc, Nippon Paper Industries Co ltd, Smurfit kappa group, Mondi, ITC limited and Metsa Group.
Recent Market Development:
- WestRock company will be hosting the Investor Day in May, 2022 and will be webcasted. The company will be spreading the awareness about the sustainable paper and packaging solutions, increasing the sales of paperboard partition.
- Stora Enso amplifies its growth agenda by expanding the production hubs in new markets, increasing the production of renewable consumer packaging board. This gives a push to the demand for paperboard partition.
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