PUBLISHER: The Business Research Company | PRODUCT CODE: 1532078
PUBLISHER: The Business Research Company | PRODUCT CODE: 1532078
Solid bleached sulfate (SBS) Board is a top-tier paperboard derived from bleached virgin wood pulp, renowned for its smooth, white surface ideal for printing and packaging purposes. It is prized for its strength, rigidity, and exceptional printability, making it well-suited for premium packaging, retail boxes, and food-safe applications. The smooth, white finish of SBS board ensures vivid and high-quality printed outcomes, making it a favored option for upscale product packaging.
The main product types in the solid bleached sulfate (SBS) board category are solid bleached sulfate C1S and solid bleached sulfate C2S. Solid bleached sulfate C1S (coated one side) is a premium paperboard coated on one side, delivering a smooth, glossy finish perfect for top-notch printing. Various categories include coated and uncoated SBS boards utilized for folding cartons, cups and plates, liquid packaging, and other applications. The diverse end uses encompass food, cosmetic, and pharmaceutical packaging, graphical applications, electronics packaging, and more.
The solid bleached sulfate (SBS) board market research report is one of a series of new reports from The Business Research Company that provides solid bleached sulfate (SBS) board market statistics, including the solid bleached sulfate (SBS) board industry global market size, regional shares, competitors with solid bleached sulfate (SBS) board market share, detailed solid bleached sulfate (SBS) board market segments, market trends, and opportunities, and any further data you may need to thrive in the solid bleached sulfate (SBS) board industry. These solid bleached sulfate (SBS) board market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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%. Historical growth in the Solid Bleached Sulfate (SBS) Board market can be attributed to several factors. These include the growth of consumer goods industries, the rise of quick-service restaurants leading to increased demand for packaging materials, the adoption of shelf-ready packaging in retail, growing consumer awareness about health and hygiene driving demand for safe packaging materials, and the expansion of the personal care industry requiring quality packaging solutions.
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%. Anticipated growth in the Solid Bleached Sulfate (SBS) Board market for the forecast period can be attributed to several key factors. These include an increased focus on packaging innovation in the electronics industry, with a focus on balancing high-quality features with cost-effectiveness. Companies are investing in research and development to innovate and improve SBS board properties, such as recyclable and compostable coatings, and to meet improvements in food safety standards. Major trends expected in the forecast period include the adoption of lightweight packaging solutions to reduce environmental impact, automation in manufacturing processes to improve efficiency and reduce costs, the use of 3D printing technology for customized packaging solutions, integration of Augmented Reality (AR) features in SBS board packaging for interactive consumer experiences, and the use of Artificial Intelligence (AI) algorithms for defect detection and quality control.
The growth of the solid bleached sulfate (SBS) board market is expected to be driven by the packaging industry. This sector encompasses the design, production, and supply of materials used for packaging products, ensuring their protection during distribution, storage, sale, and usage. The rapid expansion of e-commerce has significantly increased the demand for shipping and protective packaging solutions. Moreover, consumer preferences for convenient and portable products have spurred innovation in single-serve and on-the-go packaging designs. Solid Bleached Sulfate (SBS) board plays a vital role in supporting the packaging industry due to its attributes such as high printability, visual appeal, superior strength and durability, versatile applications, eco-friendly and recyclable properties, and enhanced barrier capabilities. These qualities make SBS board an ideal choice for safeguarding and promoting a diverse range of products. For example, Invest India forecasts that the Indian packaging market will reach $ 204.81 Bn by 2025, growing at a CAGR of 26.7% from 2020 to 2025, underscoring the significant influence of the expanding packaging industry on the solid bleached sulfate (SBS) board market.
Leading companies in the solid bleached sulfate (SBS) board market are placing a strong emphasis on developing sustainable products in response to increasing consumer and regulatory demands for eco-friendly packaging solutions. Sustainable packaging refers to packaging designs that minimize environmental impact by using eco-friendly materials or incorporating reusable features. For instance, Clearwater Paper, a US-based paper and forest product manufacturing company, introduced NuVo with BioPBS in June 2022. NuVo with BioPBS is an environmentally friendly cup made from solid bleached sulfate (SBS) board infused with BioPBS, a biodegradable and compostable bioplastic. This innovative material combines the strength and printability of SBS board with the eco-friendly benefits of BioPBS, making it a sustainable packaging solution.
In December 2022, WestRock, a US-based packaging and container manufacturing company, acquired Grupo Gondi for $970 million. This strategic acquisition enhances WestRock's presence in the Latin American packaging market, bolstering its offerings with four paper mills, nine corrugated packaging plants, and six high graphic plants from Grupo Gondi. This expansion strengthens WestRock's ability to provide comprehensive packaging solutions regionally, particularly focusing on sustainable packaging solutions and high-quality paperboard products.
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
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.
The countries covered in the solid bleached sulfate (SBS) board market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Solid Bleached Sulfate (SBS) Board Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on solid bleached sulfate (SBS) board market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for solid bleached sulfate (SBS) board ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The solid bleached sulfate (SBS) board market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.