The Global Bleached Paperboard market Size is projected to register a CAGR of 6.8% during the forecast period 2023-2031.
Bleached paperboard is a type of paperbosard that has been made whiter and brighter. This procedure involves using chemicals like sodium hypochlorite, chlorine dioxide, or hydrogen peroxide to remove contaminants and brighten the paperboard's color.
Several products employ bleached paperboard, including stationery, printing, and packaging. Due to its improved visual appeal and printability, it is frequently favored over unbleached paperboard. Because it offers a premium look and feels, bleached paperboard is frequently used for packaging high-end consumer goods, including cosmetics, electronics, and food items.
Among the main drivers of this market are the rise of the e-commerce sector and the rising need for eco-friendly packaging materials. The rising demand for luxury packaging across various industries, including cosmetics, food and beverage, and healthcare, is also anticipated to fuel the market. New market prospects should arise due to the development of digital printing technology.
Demand for sustainable packaging materials that are biodegradable, recyclable, or derived from renewable resources is rising as customers become more ecologically concerned. For customers and businesses that care about the environment, bleached paperboard is a desirable alternative because it is frequently created from renewable resources and can be recycled.
The demand for packaged items like food, cosmetics, and gadgets is rising as more people relocate to metropolitan areas and have more disposable cash. Due to this, bleached paperboard and other packaging materials are in high demand.
The main raw material used to make bleached paperboard, wood pulp, can have unpredictable price swings based on supply and demand dynamics. This may affect the price and production costs of products made of bleached paperboard.
The demand for packaging supplies that can safeguard products during delivery has increased due to the expansion of e-commerce. Manufacturers can serve this expanding market by using bleached paperboard to make durable and protective packaging for goods sold on e-commerce platforms.
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The type-based segment comprises Single Side Bleached Paperboard and Double Side Bleached Paperboard.
Paperboard that has only one side bleached is known as single-side paperboard. The unbleached side of this kind of paperboard is often hidden from view in applications like food packaging or industrial settings.
Paperboard bleached on both sides is referred to as double-side bleached paperboard. This kind of paperboard is frequently employed in applications where both sides of the paperboard will be visible, like the packaging for cosmetics or medications.
The market is segmented into Healthcare and Personal Care, Consumer Goods, Pharmaceutical and Medical Devices, Food, and Beverages, Other.
Applications, including cosmetic and personal care product packaging, as well as packaging for medical and dental products, fall within the category of healthcare and personal care. Due to its neat and hygienic look and ease of printing and decorating, this section frequently uses bleached paperboard. Pharmaceuticals, toothpaste, and deodorant products can all be packaged using bleached paperboard.
Toys, games, and other consumer goods are just a few applications that fall under the consumer goods category. Due to its capacity to offer a high-quality printing surface and its adaptability in producing different forms and sizes, bleached paperboard may be employed in this market. Bleached paperboard can package goods like board games, puzzles, and educational toys.
Applications, including lab equipment, medical device packaging, and pharmaceutical packaging, are all in the pharmaceutical and medical device category. For its hygienic qualities, ability to be quickly printed with important information like dosage and usage instructions, and cleanliness, bleached paperboard is frequently used in this section. Syringes, implantable devices for the body, and test tubes can all be packaged in bleached paperboard.
Applications like bakery, food, and beverage packaging are part of the food and beverages market.
Applications that don't fall within the categories above, like stationery goods and industrial packaging, are included in the others sector.
The Global Bleached Paperboard Market is segmented by region as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Depending on the region, the market is analyzed in North America, Asia-Pacific, Europe, and LAMEA. Asia-Pacific dominates the market.
Due to the rising need for packaging in the food and beverage, healthcare, and personal care industries, Asia Pacific is anticipated to be the largest and fastest-growing region for bleached paperboard. The Asia Pacific region's market for bleached paperboard is expanding, with China and India playing a significant role. The market for bleached paperboard has expanded due to the demand for packaged food, beverages, personal care items, and pharmaceuticals in these nations and the corresponding rise in disposable income and changing lifestyles.
Due to the rising need for packaging in the food and beverage, healthcare, and personal care industries, the North American market for bleached paperboard is anticipated to have consistent expansion. The largest market in the world for bleached paperboard is the United States.
Due to the rising demand for environmentally friendly and sustainable packaging options, the European market for bleached paperboard is predicted to grow moderately. The UK, Germany, and France are the biggest markets for bleached paperboard.
The Latin American market for bleached paperboard is predicted to exhibit moderate growth due to the increased demand for sustainable packaging solutions. The biggest markets in the area for bleached paperboard are Brazil and Mexico.
Due to the rising need for packaging in the food and beverage, healthcare, and personal care sectors, the Middle East and Africa market for bleached paperboard is anticipated to experience consistent expansion. The biggest markets in the region for bleached paperboard are Saudi Arabia, South Africa, and the United Arab Emirates.
In February 2023, Domtar Corporation, a part of the Paper Excellence Group, and First Quality Enterprises, Inc. announced that they had struck an agreement to sell Domtar's Dryden pulp factory to First Quality.
In December 2022, WestRock completed the acquisition of Grupo Gondi.