Paper and Paperboard
Container and Packaging Market Research Report
The Paper and Paperboard Container and Packaging Market is expected to grow at a robust CAGR over the forecast period (2020-2027).
The factors driving growth of the market includes advent of specialized paper and paperboard containers, rising focus of manufacturers on launching environment friendly solutions, growing demand for paper and paperboard container and packaging solutions from end-use industries such as Food and Beverage, Personal Care & Cosmetics, and electronics, and improvements in the living standards. Paper Packaging and Paperboard Packaging solutions are lightweight, have magnificent printability along with its non-reactive properties, are further pushing the Paper and Paperboard Container and Packaging Market Size. Moreover, growing adoption of advanced technologies by manufacturers, increasing use of smart packaging in medical monitoring, rise in the launch of new products and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major companies on research and development, strategic partnerships between enterprises, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.
However, growth of the Paper and Paperboard Container and Packaging Market is hindered due to risks of contamination with recycled paperboard.
The major players operating in the Paper and Paperboard Container and Packaging Market are Mondi Group, Nippon Paper Industries Co. Ltd., Packaging Corp. of America, Amcor Plc, DS Smith Plc, Georgia-Pacific LLC, Smurfit Kappa Group Plc, Tetra Pak International SA, WestRock Co, and International Paper Co., among others.
Based on Product, the Paper Bags & Sacks segment is predicted to grow at a significant CAGR during the forecast period
E-commerce and Food & Beverage industries are increasingly adopting paper and paperboard container and packaging solutions owing to its enhanced durability and lightweight features, are propelling segment’s growth.
Based on End-User, the Food and Beverages segment is projected to expand at a remarkable CAGR over the forecast period
Rising focus of companies on developing sustainable packaging solutions which can be easily open and reclosed, easy to carry and can preserve nutritional value of food, is pushing growth of the segment.
Based on Region, the Asia-Pacific region is anticipated to capture the largest market share during the forecast period
Rising concerns related to pollution caused by non-recyclable and non-biodegradable packaging solutions, increasing adoption of latest technologies by manufacturers, rapid urbanization, and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.
Segmentation by Product
Segmentation by End-User
Segmentation by Region
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