Global Paper & paperboard packaging market is anticipated to witness growth during the forecast period due to growing demand at the end user level. The paper & paperboard packaging report is generated based on the market type, size of the organization, availability on-premises, the end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Integrated approaches and latest technology have been employed for the best results while generating such market research report. The report identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the market.
Global Paper & Paperboard Packaging Market is expected to rise from its initial estimated value of USD 199.01 billion in 2018 to an estimated value of USD 264.09 billion by 2026, registering a CAGR of 3.6% in the forecast period of 2019-2026. This rise in market value can be attributed to the rising levels of sustainable packaging methods and materials.
Key Market Competitors:
Few of the major competitors currently working in the paper & paperboard packaging market are Amcor Limited, Cascades inc., Clearwater Paper Corporation, ProAmpac, DS Smith, International Paper, ITC Limited, METSÄ GROUP, Mondi, Packaging Corporation of America, WestRock Company, NIPPON PAPER INDUSTRIES CO. LTD., Smurfit Kappa, Stora Enso, Svenska Cellulosa Aktiebolaget SCA (publ), Sappi, Brødrene Hartmann A/S, UFP Technologies Inc., Pactiv LLC, Henry Molded Products Inc., Orcon Industries, and FiberCel.
Paper and paperboard are specifically manufactured from wood pulp. There is no such significant difference between paper and paperboard except that paperboard is thick in size compared to paper. Moreover, paperboard is strong, versatile, lightweight, cost-effective and can be easily cut which makes it suitable for packaging. It is also used to cover books, magazines, postcards, and many other items. In the food industry, the paper and paperboard packaging is used to pack fruits, vegetables, ice-cream, meat, etc. One of the major advantages of paper is that it can be easily recycled and hence it is expected to fuel the demand in near future. The rising demand for packaging material in food and beverage industry is also driving the market. To address the concern of eco-friendly packaging material, several manufacturers are investing in new materials and water technologies also. The growing demand for cost-effective paperboard container for food and beverages is also playing a major role in demand for paper and paperboard trays. These containers offer many benefits to end use industries such as thermal stability, retail differentiation, and moisture content. According to American forest and paper association, the usage of paper products has increased from 92 million tons to 208 million tons in last 20 years. Hence with the increasing demand of paper in packaging industry, the market is expected to grow on a good scale.
For a pervasive understanding of the market, business strategies and latest developments of the vital players accompanied with co-development deals and market size have also been enclosed. Briefly citing, their revenue share, contact information and meticulous SWOT analysis is available. The regions which have been studied in depth are North America, Europe, Asia Pacific, Middle East & Africa and Latin America. This helps gain better idea about the spread of this particular market in respective regions.
The report takes a close and analytical look at the various companies that strive for a higher share of the Paper & Paperboard Packaging Market. Data on the leading and fastest-growing segments along with what drives them has been given.
This report implements a balanced mix of primary and secondary research methodologies for its analysis. The market is segmented on the basis of key criteria.
- Increasing sustainable packaging material awareness among customers is expected to drive the market growth
- Growing need of paper and paper board recyclability is also expected to drive the market growth
- Removal of plastic packaging material for food industry in developing countries is expected to act as a restraint to the market growth
- Use of eco-friendly packaging solutions is also expected to restrain the market growth
A bird’s eye view of the Paper & Paperboard Packaging Industry made available in the report helps readers to understand the key drivers, restraints, challenges, and opportunities that are shaping the Paper & Paperboard Packaging market. Furthermore, the report evaluates challenges experienced from buyers and sellers side.
Key Developments in the Market:
- In November 2018, WestRock Company announced the acquisition of KapStone Paper and Packaging Corporation. This acquisition enhancing the product portfolio and servicing capabilities of WestRock Company.
- In September 2017, ProAmpac acquired PolyFirst Packaging, which is specialized in printed and customized roll stock and many types of plastic pouches and bags. This acquisition will lead the business growth of the company in different regions.
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- Solid bleached sulphate board
- Coated unbleached kraft board
- Folding boxboard
- White lined chipboard
- Glassine & greaseproof
- Label paper
- Corrugated box
- Flexible paper packaging
- Personal & homecare
Global paper & paperboard packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of paper & paperboard packaging market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Insights in the report:
- Complete Market analysis and forecasting
- Market Definition, understanding the concept of paper & paperboard packaging
- Market Drivers and Restraints of the industry
- Market Segmentations and market share divided amongst them
- Key Players in the market and their analysis
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