What Has Been The Evolution of the Solid Bleached Sulfate (SBS) Board Market in Recent Years?
The solid bleached sulfate (sbs) board market has seen considerable growth due to a variety of factors.
• The solid bleached sulfate (SBS) board market has grown steadily in recent years. It is expected to grow from $8.59 billion in 2024 to $9.01 billion in 2025 at a CAGR of 4.9%.
The growth can be attributed to the rise in consumer goods industries, the expansion of quick-service restaurants, the increasing popularity of shelf-ready packaging, growing consumer awareness of health and hygiene, and the expansion of the personal care industry.
What Are the Future Growth Projections for the Solid Bleached Sulfate (SBS) Board Market?
The solid bleached sulfate (sbs) board market is expected to maintain its strong growth trajectory in upcoming years.
• The solid bleached sulfate (SBS) board market is expected to grow steadily, reaching $10.75 billion by 2029 at a CAGR of 4.5%.
Growth is driven by packaging innovations in electronics, balancing quality and cost, investments in R&D to improve SBS board properties, recyclable coatings, and improved food safety standards. Key trends include lightweight packaging, automation, 3D printing, AR features in packaging, and AI-based defect detection.
What Are The Core Factors Supporting Growth In The Solid Bleached Sulfate (SBS) Board Market?
The projected growth of the solid bleached sulfate (SBS) board market is anticipated to be fuelled by the packaging industry. This sector is charged with the task of creating, producing, and supplying materials that provide protection and enclosure for goods during distribution, storage, retailing, and utilization. The boom in e-commerce has led to a proportional rise in demand for protective and shipping packaging. Consumer predilection for convenient and mobile products instigates advancements in single-use and transportable packaging styles. The SBS board proves invaluable to the packaging industry, providing high printability and aesthetic appeal, impressive strength and longevity, multi-use applications, improved barrier qualities, and is environmentally friendly and recyclable. This makes it the perfect choice for the safeguarding and marketing of a vast variety of goods. For example, Invest India, a domestic agency promoting and facilitating investment, forecasts that the packaging market in India will reach $ 204.81 Bn by 2025. This represents a CAGR of 26.7% from 2020 to 2025. Consequently, the burgeoning packaging industry propels the solid bleached sulfate (SBS) board market.
What Are The Major Segments Within The Global Solid Bleached Sulfate (SBS) Board Market?
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
Subsegments:
1) By Solid Bleached Sulfate C1S: C1S Packaging Board, C1S Printing And Labeling Paper, C1S Cartons And Boxes
2) By Solid Bleached Sulfate C2S: C2S Packaging Board, C2S Printing And Labeling Paper, C2S High-Quality Packaging Solutions
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Which Emerging Market Trends Are Altering The Solid Bleached Sulfate (SBS) Board Industry?
In response to increasing consumer and regulatory demands for environmentally friendly packaging solutions, leading corporations in the solid bleached sulfate (SBS) board market are focusing on developing sustainable products. A sustainable cup, either a cup or a container, is designed to limit environmental damage through the use of eco-friendly materials or recyclable designs. As an illustration, Clearwater Paper, an American paper and forest product production company, in June 2022, introduced NuVo with BioPBS, a sustainable cup. NuVo with BioPBS is an SBS board enriched with BioPBS, a biodegradable and compostable bioplastic, that combines the toughness and higher printability characteristics of the SBS board with the environmental advantages of BioPBS, positioning it as an environmentally friendly packaging solution.
Who Are the Key Players In The Solid Bleached Sulfate (SBS) Board Market?
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 Fiber Solutions (NZ) Limited
• PakFactory
• Diamond Packaging
• Newman & Company Inc.
• Lamitech Inc.
• Sandusky Packaging Corporation
• Cascades Sonoco
• Hammond Paper Company Limited
What Is The Most Dominant Region In The Solid Bleached Sulfate (SBS) Board Market?
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.
