Paper Packaging Market Research
Report Size, Growth & Global Forecast – 2021-2028
The Global Paper Packaging Market is Market is estimated to grow at a robust CAGR of 3.6% during the forecast period 2021-2028.
The factors driving growth of the Paper Packaging Market includes rising demand for environment friendly packaging solutions, increase in the production of corrugate boxes, ban imposed by Governments worldwide on single-use plastics, emerging trend of online shopping and improvements in the living standards. Moreover, expansion of hypermarkets and supermarkets across the globe, growing adoption of advanced technologies by manufacturers, increasing application of paper packaging solutions in beverages, fast foods and frozen food and rapid urbanization, are some of the additional factors supplementing the Paper Packaging Market size. In addition, the increasing investments by major companies on research and development, rising population growth rates and growing disposable incomes, are further contributing towards the market growth.
However, growth of the Paper Packaging Market is hindered due to strict regulations to reduce deforestation.
The leading players operating in the market are MeadWestvaco Corporation, Oji Holdings Corporation, Smurfit Kappa, DS Smith, Georgia-Pacific, Holmen, Stora Enso Oyj, Hood Packaging Corporation, International Paper, and Mayr-Melnhof Karton AG, among others.
Based on Product, the Liquid Packaging Cartons segment is predicted to lead the market during the forecast period
Increasing use of liquid cartons for packaging of milk and other beverages, is propelling growth of the segment.
Based on Application, the Beverages segment is projected to capture the largest market share over the forecast period
Growing demand for organic beverages across the globe, owing to its health benefits, is pushing segment’s growth.
Based on Region, the Asia-Pacific region is anticipated to hold the highest market share during the forecast period
Growing demand for paper packaging solutions in the fast food and bakery food items, development of environment friendly packaging solutions, rapid urbanization, expansion of the e-commerce industry, increasing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.
Segmentation by Product
Segmentation by Application
Segmentation by Region
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