Solid Bleached Sulfate (SBS) Paperboard Market Size and Growth Outlook
The solid bleached sulfate (SBS) paperboard market size reached US$ 8.70 billion in 2024 and is expected to reach approximately US$ 10.91 billion by 2034, growing at a CAGR of 2.3% during the forecast period from 2024 to 2034.
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Market Overview
Bleached chemical pulp with a coating in its top layer and some grades in its reverse side is known as solid bleached sulfate (SBS) board. It is used for high-quality graphical and packaging products as it has high strength, adaptability, and printability. These are widely used in electronics, cosmetics, chocolates, and pharmaceuticals for packaging purposes. These are the eco-friendly and sustainable packaging options due to which manufacturers, suppliers, and end-users depend upon SBS for packaging services. These are available in 200 to 600 GSM which makes them appropriate for various types of printing processes. SBS are found appropriate for flavour as well as essence packaging. The global packaging market size is estimated to grow from USD 1.20 trillion in 2022 to reach an estimated USD 1.58 trillion by 2032, growing at a 3.16% CAGR between 2023 and 2032.
Solid Bleached Sulfate (SBS) Board Market Trends
- Circular Economy Initiative: The drive towards a circular economy is encouraging the usage of biodegradable and recyclable materials. SBS boards being decomposable, are acquiring purchases among companies that are searching to decrease waste and enhance sustainability.
- Food Packaging Innovation: The food & beverages market is shifting towards safe and sustainable packaging choices. Solid Bleached Sulfate (SBS) boards are extensively used for packaging as it is safe, protect moisture, are grease resistant, and satisfy all the safety measures.
- Branding and Personalization: SBS boards are suitable for high-quality printing which makes them widely preferable for branding and providing personal touch. The clear surface available on both sides of the board helps to give an aesthetic look to the packaging.
- Technological Enhancement: Innovation in the manufacturing companies of solid-bleached sulfate boards reduces water and energy consumption and lowers the cost of packaging. It is also beneficial in reducing carbon footprint which makes it an eco-friendly option for packaging option.
Segmental Insights
By type, the SBS C1S segment led the solid bleached sulfate (SBS) boards market in 2023. This rising trend for luxury packaging in various sectors has enhanced the growth of the packaging industry. It fulfils the demand for sustainability by producing recyclable products in the market. These boards have one smooth surface that is suitable for printability to enhance the product’s appearance.
By application, the folding type segment led the solid bleached sulfate (SBS) boards market in 2023. This type is beneficial for pharmaceutical, food & beverage, and cosmetic markets by providing structural integrity while packaging products. Folding boards are durable yet lightweight which makes them ideal in these sectors for packaging purposes.
Recent Developments
- In September 2023, Graphic Packaging International, announced the launch of PaceSetter Rainier. It offers coated recycled paperboard (CRB) which is a new eco-friendly packaging in the pharmaceutical sector.
- In December 2023, Three entrepreneurs from IIT Bangalore Vinay Kumar, Rajeev Dixit, and Basavanahalli developed an Indigenous automatic paper waste recycling machine.
- In December 2022, Nampak Liquid Carton in partnership with Sarah Ferguson developed liquid paperboard packaging. It is to provide innovative and sustainable packaging solutions to the liquid board packaging industry.
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