Paper Packaging Materials Market 2020-2027 : Global Analysis and Forecast Report
Global Paper Packaging Materials Market was valued at USD 68.35 billion in 2019 which is expected to reach USD 89.73 billion at a CAGR 4.5%.
The Paper Packaging Materials Market report, at first, has given a brief understanding of the industry through basic overview. This overview includes the market definition, key applications of the product, and the recent manufacturing technology employed for such production. The global Paper Packaging Materials market has been analyzed in detail to gain an understanding of the competitive landscape, key regional status, and recent trends noted in the relevant industry.
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Paper is the important and commonly used material for packaging as compared to other materials. For packaging use of paper is the eco-friendly option it does less damage to environment. Craft paper, glassine paper, and poster paper are the examples of papers used in packaging. Paper, pulp, timber and others are the raw materials used in paper packaging process. Paper packaging material is widely used for packaging of Fast Food, Beverages, Frozen Food, Dairy, and Bakery Products.
Market Drivers
Increase in demand for paper packaging in food and beverages industry is the key driving factor which is expected to boost the global paper packaging materials market growth. Paper packaging materials are used for packaging of raw and processed food items. Also, paper packaging materials are used in packaging of food products like cereals, and grains etc. Furthermore, Increase in consumption of canned sea foods, frozen meat products, and ready to eat meals will increase the demand for paper packaging materials, over the forecast period. Moreover, rise in consumption of alcoholic and non-alcoholic beverages will have the positive impact on global paper packaging materials market growth.
Market Restraints
However, high operational cost is the major restraining factor which is expected to hamper the global paper packaging materials market growth. Also, deforestation on paper packaging will affect the global paper packaging materials market growth.
Market Key Players
Various key players are discussed in this report such as Pratt Industries, Mayr-Melnhof Karton AG, Brodrene Hartmann, ESCO Technologies Inc, UFP Technologies, Stora Enso, Reynolds Group Holdings, US Corrugated Inc, KapStone Paper &Â Packaging Corp, Rengo Co. Ltd.,and DS Smith Packaging Limited.
Market Taxonomy
By Product Type
- Cartons
- Folding Boxes
- Corrugated Cases
- Liquid Packaging Cartons
By Application
- Fast Food
- Beverages
- Frozen Food
- Dairy and Bakery Products
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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