Overview and Scope
The solid bleached sulfate (SBS) board market consists of revenues earned by entities by providing services such as high-quality packaging solutions for luxury goods, exceptional printing capabilities for vibrant designs, and strong structural integrity for product protection. The market value includes the value of related goods sold by the service provider or included within the service offering. The solid bleached sulfate (sbs) board market also includes sales of packaging materials, board grades, and cartons. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The solid bleached sulfate (sbs) board market report table of contents includes:
1. Executive Summary
2. Solid Bleached Sulfate (SBS) Board Market Characteristics
3. Solid Bleached Sulfate (SBS) Board Market Trends And Strategies
4. Solid Bleached Sulfate (SBS) Board Market – Macro Economic Scenario
5. Global Solid Bleached Sulfate (SBS) Board Market Size and Growth
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32. Global Solid Bleached Sulfate (SBS) Board Market Competitive Benchmarking
33. Global Solid Bleached Sulfate (SBS) Board Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Solid Bleached Sulfate (SBS) Board Market
35. Solid Bleached Sulfate (SBS) Board Market Future Outlook and Potential Analysis
36. Appendix
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