Paper and Paperboard Packaging Market Growth, Revenue, Future Scope, Trends, Key Players And Forecast To 2023
Summary
Global Paper and Paperboard Packaging Market Growth, 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
Paper and Paperboard Packaging Market Overview
Factors that can impact the global paper & paperboard packaging market are the growing demand for eco-friendly options to reduce the adverse impacts of plastic on the earth. Online shopping is one of the major traction providers for the global paper & paperboard packaging market. These can be cut and molded as per the need, simplifying the packing procedure remarkably, which can ensure substantial growth for the market in the coming years.
Competitive Landscape
ITC Ltd. (India)
Amcor Ltd. (Australia)
RockTenn Company (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)
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 Packaging Board 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 & 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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