Solid Board Market Size, Share, Growth, Trends, and Global Industry Analysis: By material Type, By product type, By End- User and Region Forecast 2019-2030
Solid Board Market was valued at US$ 8,525.3 million in 2023 and grew at 3.8% CAGR over the historical years (2019 - 2023). The Solid Board market is projected to reach US$ 11,683.9 million by 2030 at a CAGR of 4.1%. The solid board market is expected to increase significantly, owing to its optimal applicability in packaging solutions for humid areas, as well as in the packaging of fresh produce, frozen items and flowers. Solid boards have a particular competitive edge over other packaging materials due to their unique features.
One of the primary reasons for the increased demand for solid boards is their lightweight nature, which makes them an appealing alternative for a wide range of packaging and promotional applications, including boxes, layer pads, and point-of-purchase (POP) displays. This versatility, along with their great point-of-sale appeal, provides a cost-effective and environmentally friendly alternative to standard packaging materials such as plastic and metal.
The solid board market is expected to develop significantly from 2024 to 2030, as firms prioritize sustainability in their packaging solutions. Furthermore, solid boards offer various advantages that drive demand, such as increased moisture resistance, stiffness, and greater protection for valuable products. These advantages make solid boards a more popular choice, adding to the market's growth over the forecast period.
Study Period
2024-2030Base Year
2023CAGR
4.1%Largest Market
Asia PacificFastest Growing Market
Asia Pacific
The solid board industry is expanding in response to rising demand for sustainable packaging, which is being driven by increased environmental consciousness and a shift away from plastic. Because of its durability and lightweight nature, e-commerce has increased the need for solid board packaging. Furthermore, the food and beverage industry's need for solid board, which is used to package a variety of items, is increasing. Manufacturing technological developments, like as better recycling processes and increased coatings, are also helping to drive market growth by enhancing the quality and performance of solid board products. Despite rising demand, market expansion may be hampered by the volatility of raw material costs utilized in solid board manufacture. Despite rising demand, market growth may be hampered by volatility in raw material prices for solid board manufacture. This price fluctuation could affect the product's cost-effectiveness, thereby impeding market expansion. Furthermore, the technical limits of solid boards in specific packaging applications may impose difficulties. Furthermore, the industry presents potential opportunities, particularly with the growing use of digital printing technologies to improve the visual attractiveness of solid boards for promotional packaging. Furthermore, the rising application of solid boards in industries such as food and beverages, medicines, and chilled packaging presents significant opportunities for market expansion throughout the forecast.
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. The Asia Pacific region is likely to have a lead in the solid board market during the forecast period, owing to strong development in demand for packaged food goods in quickly emerging economies such as China and India. A number of fundamental variables contribute to this rise.
For instance, expanding urbanization and rising disposable incomes have resulted in a shift in consumer preferences, with more individuals choosing convenient, ready-to-eat, and processed foods. As a result, the food and beverage industry in this region is rapidly expanding, resulting in a high demand for dependable and effective packaging options. In nations such as China and India, the increasing middle class and their increased awareness of food safety and quality have spurred the preference for packaged goods. Solid boards, known for their durability, moisture resistance, and sustainability, have emerged as the appropriate packaging material to satisfy the demands of this growing market. Their capacity to protect fresh, frozen, and perishable food in changing climates makes them ideal for the Asia Pacific region's diverse and frequently humid weather circumstances. Overall, the Asia Pacific region is likely to continue to play an important role in the solid board market's growth, driven by both economic expansion and changing consumer preferences for sustainability and convenience.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 8,525.3 million |
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Market Size in 2030 |
US$ 11,683.9 million |
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Market CAGR |
4.1% |
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By Material Type |
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By Product Type |
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By End User |
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The Solid Board market was valued at US$ 8,525.3 million in 2023 and is projected to reach US$ 11,683.9 million by 2030, growing at a CAGR of 4.1%.
Rising environmental concerns have contributed to the market growth of solid boards over polymer-based boards.
The market demand is driven by the rapid expansion of the processed food sector and rising demand for frozen food items.
Market research is segmented based on material type, application, end-user, and region.
Asia-Pacific is estimated to largest share with the highest CAGR over the forecast period.
| 1.Executive Summary |
| 2.Global Solid Board Market Introduction |
| 2.1.Global Solid Board Market - Taxonomy |
| 2.2.Global Solid Board Market - Definitions |
| 2.2.1.Material Type |
| 2.2.2.Product Type |
| 2.2.3.End User |
| 2.2.4.Region |
| 3.Global Solid Board Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Solid Board Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Solid Board Market By Material Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Recycled Paper |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Virgin Paper |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global Solid Board Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Boxes |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Trays |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Edge Protectors |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. POP Display |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Layer Pads |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global Solid Board Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Electrical and Electronics |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Cosmetics and Personal Care |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Healthcare and Pharmaceuticals |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Food and Beverages |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Others |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.Global Solid Board Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Solid Board Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Material Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Recycled Paper |
| 9.1.2.Virgin Paper |
| 9.2. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Boxes |
| 9.2.2.Trays |
| 9.2.3.Edge Protectors |
| 9.2.4.POP Display |
| 9.2.5.Layer Pads |
| 9.2.6.Others |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Electrical and Electronics |
| 9.3.2.Cosmetics and Personal Care |
| 9.3.3.Healthcare and Pharmaceuticals |
| 9.3.4.Food and Beverages |
| 9.3.5.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Solid Board Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Material Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Recycled Paper |
| 10.1.2.Virgin Paper |
| 10.2. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Boxes |
| 10.2.2.Trays |
| 10.2.3.Edge Protectors |
| 10.2.4.POP Display |
| 10.2.5.Layer Pads |
| 10.2.6.Others |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Electrical and Electronics |
| 10.3.2.Cosmetics and Personal Care |
| 10.3.3.Healthcare and Pharmaceuticals |
| 10.3.4.Food and Beverages |
| 10.3.5.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Solid Board Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Material Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Recycled Paper |
| 11.1.2.Virgin Paper |
| 11.2. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Boxes |
| 11.2.2.Trays |
| 11.2.3.Edge Protectors |
| 11.2.4.POP Display |
| 11.2.5.Layer Pads |
| 11.2.6.Others |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Electrical and Electronics |
| 11.3.2.Cosmetics and Personal Care |
| 11.3.3.Healthcare and Pharmaceuticals |
| 11.3.4.Food and Beverages |
| 11.3.5.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Solid Board Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Material Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Recycled Paper |
| 12.1.2.Virgin Paper |
| 12.2. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Boxes |
| 12.2.2.Trays |
| 12.2.3.Edge Protectors |
| 12.2.4.POP Display |
| 12.2.5.Layer Pads |
| 12.2.6.Others |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Electrical and Electronics |
| 12.3.2.Cosmetics and Personal Care |
| 12.3.3.Healthcare and Pharmaceuticals |
| 12.3.4.Food and Beverages |
| 12.3.5.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Solid Board Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Material Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Recycled Paper |
| 13.1.2.Virgin Paper |
| 13.2. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Boxes |
| 13.2.2.Trays |
| 13.2.3.Edge Protectors |
| 13.2.4.POP Display |
| 13.2.5.Layer Pads |
| 13.2.6.Others |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Electrical and Electronics |
| 13.3.2.Cosmetics and Personal Care |
| 13.3.3.Healthcare and Pharmaceuticals |
| 13.3.4.Food and Beverages |
| 13.3.5.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Lyburn Supplies |
| 14.2.2.DS Smith |
| 14.2.3.International Paper |
| 14.2.4.Sonoco |
| 14.2.5.Tetra Pak |
| 14.2.6.Huhtamaki |
| 14.2.7.VPK Packaging Group |
| 14.2.8.Essentra |
| 14.2.9.Solidus Solutions |
| 14.2.10.Smurfit Kappa |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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