The solid bleached sulfate (sbs) board global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Solid Bleached Sulfate (SBS) Board Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The solid bleached sulfate (SBS) board market size has grown steadily in recent years. It will grow from $8.22 billion in 2023 to $8.59 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to rise in consumer goods industries, rise of quick service restaurants, rise of shelf-ready packaging in retail, growing consumer awareness about health and hygiene, and expansion of the personal care industry.
The solid bleached sulfate (SBS) board market size is expected to see steady growth in the next few years. It will grow to $10.3 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to increased focus on packaging innovation in electronics, balancing high-quality features with cost-effectiveness, companies are investing in research and development to innovate and improve SBS board properties, recyclable and compostable coatings, and improvements in food safety standards. Major trends in the forecast period include lightweight packaging solutions, automation in manufacturing, use of 3D printing technology, integration of AR features in SBS board packaging, and use of AI algorithms to detect defects.
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Scope Of Solid Bleached Sulfate (SBS) Board Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Solid Bleached Sulfate (SBS) Board Market Overview
Market Drivers –
The packaging industry is expected to propel the solid bleached sulfate (SBS) board market growth going forward. The packaging industry is the sector involved in designing, manufacturing, and supplying materials used to enclose and protect products for distribution, storage, sale, and use. E-commerce expansion has dramatically increased demand for shipping and protective packaging. Consumer preferences for convenience and on-the-go products drive innovation in single-serve and portable packaging designs. Solid Bleached Sulfate (SBS) board supports the packaging industry by offering high printability and visual appeal, superior strength and durability, versatile applications, eco-friendly and recyclable properties, and enhanced barrier properties, making it an ideal choice for protecting and marketing a wide range of products. For instance, according to Invest India, an India-based national investment promotion and facilitation agency, the Indian packaging market is expected to reach $ 204.81 Bn by 2025, registering a CAGR of 26.7% from 2020 to 2025. Therefore, the expanding packaging industry drives the solid bleached sulfate (SBS) board market.
Market Trends –
Major companies operating in the solid bleached sulfate (SBS) board market are prioritizing the creation of sustainable products in response to rising consumer and regulatory expectations for eco-friendly packaging solutions. A sustainable cup is a cup or container designed to minimize environmental impact using eco-friendly materials or reusable designs. For instance, in June 2022, Clearwater Paper, a US-based paper and forest product manufacturing company, launched NuVo with BioPBS, a sustainable cup. NuVo with BioPBS is a type of solid bleached sulfate (SBS) board enhanced with BioPBS, a biodegradable and compostable bioplastic. This innovative material combines the strength and high printability of the SBS board with the environmental benefits of BioPBS, making it an eco-friendly packaging solution.
The solid bleached sulfate (SBS) board market covered in this report is segmented –
1) By Product: Solid Bleached Sulfate C1S, Solid Bleached Sulfate C2S
2) By Category: Coated, Uncoated
3) By Application: Folding Carton, Cup And Plate, Liquid Packaging, Other Applications
4) By End-Use: Food Packaging, Cosmetic Packaging, Pharmaceutical Packaging, Graphical Use, Electronics Packaging, Other End-Uses
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Regional Insights –
North America was the largest region in the solid bleached sulfate (SBS) board market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the solid bleached sulfate (SBS) board market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the solid bleached sulfate (SBS) board market are WestRock Company, International Paper Company, Stora Enso, Smurfit Kappa, Graphic Packaging Holding Company (GPK), Georgia-Pacific, ITC Limited, Sappi Limited, Billerud AB, Fedrigoni, JK Paper Ltd., Holmen Iggesund, Oji Fibre Solutions (NZ) Limited, PakFactory, Diamond Packaging, Newman & Company Inc., Lamitech Inc., Sandusky Packaging Corporation, Cascades Sonoco, Hammond Paper Company Limited
Table of Contents
1. Executive Summary
2. Solid Bleached Sulfate (SBS) Board Market Report Structure
3. Solid Bleached Sulfate (SBS) Board Market Trends And Strategies
4. Solid Bleached Sulfate (SBS) Board Market – Macro Economic Scenario
5. Solid Bleached Sulfate (SBS) Board Market Size And Growth
…..
27. Solid Bleached Sulfate (SBS) Board Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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