Paper and Paperboard Packaging Market Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2023

Summary

Global Paper and Paperboard Packaging Market by Type (Corrugated Boxes, Boxboard, Paper bags), by Grade (Folding boxboard, Solid bleached sulfate, White line chipboard, Coated Unbleached Kraft board and others), by Application (personal care, healthcare, food & beverages, electronics, and others), and by Region – Forecast till 2023

Competitive Landscape

ITC Ltd. (India)

Amcor Ltd. (Australia)

Metsa Group (Finland)

Stora Enso Oyj (Finland)

Spartan Paperboard Company (U.S.)

Colbert Packaging (U.S.)

Industry News

Tetra Pak, in 2018, declared that they would spend USD 115 million to improve their packaging by developing several fields of their waste management plans. 71% of their packaging material is paperboard, which would experience significant impact owing to this huge investment.

Japan, on the other hand, is shifting towards paper and packaging board. The country is willing to comply with the recent public outcry against the usage of plastic.

Segmentation

MRFR segmented the global Paper and Paperboard Packaging Market by type, grade, and application in their latest report for a closer inspection of trends and factors driving the market ahead.

Based on the grade, the paper & paperboard packaging market encompasses white line chipboard, folding boxboard, solid bleached sulfate, coated unbleached kraft board, and others.

Based on the application, the Paper and Paperboard Packaging Market includes personal care, healthcare, food & beverages, electronics, and others. The food & beverage had the maximum market coverage during the 2016.

Regional Analysis

Region-specific details of the global paper & paperboard packaging market includes North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

North America’s second position is mostly due to the growth of the food and beverage sector in this country. The regional food & beverage business is quite large and on it the plastic container market is thriving. Increasing storage expenditures and proper measures taken to maintain the transportation of the product hike the growth further.

Europe has the potential to delivery remarkably during the forecast period. The product sustainability has made the region look for such packaging options to carry on with the ambition. In the APAC region, rise in packaging would be substantial with increasing number of industries in countries like India and China.

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