Paper and Paperboard Packaging Market Size, Outlook and Future Scope Analysis Forecast to 2023

Competitive Landscape

Packaging Corporation of America (U.S.)

Clearwater Paper Corporation (U.S.)

Mondi Group (South Africa)

Metsa Group (Finland)

DS Smith Plc. (U.K.)

Georgia-Pacific LLC (U.S.)

Sonoco Products Company (U.S.)

Nippon Paper Industries Co., Ltd. (Japan)

Stora Enso Oyj (Finland)

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 Size 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 & 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

The APAC market is both the largest and the fastest growing market Asia Pacific dominates the global paper & paperboard packaging market and is likely to grow at the fastest CAGR during the forecast period. Countries like India, China, Taiwan, and others are driving the market forward. The rise of packaging industry in the zone, along with growth of e-commerce, and others are also impacting the regional market.

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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