Paper Packaging Market 2020 | Business Outlook- DS Smith, Graphic Packaging, International Corporation, International Paper Company

Japan Paper Packaging Market - Growth, Trends and Forecasts - (2020 - 2025)

The report will make detailed analysis mainly on in-depth research on the development environment, Market size, development trend, operation situation and future development trend of Paper Packaging Market on the basis of stating current situation of the industry in 2020.

The Japan Paper Packaging Market is estimated to grow at a CAGR of about 6% over the forecast period 2020 to 2025

- Japan is the world's second-largest producer of per capita of plastic waste, standing just behind the US added with the tighter international regulation in Japan is expected to encourage the manufacturers to capitalize on the rising demand for environmentally sustainable packaging materials such as paper packaging, which can potentially be deployed across various industries.
- Seemingly, major plastic bag suppliers in the region, such as Fukusuke Kogyo, are experiencing a decline in demand for plastic bags at groceries store as the customers are legally required to pay explicitly for the bags as the company expects to brace one-third decrease in order soon. Also, the company recently announced that it is currently investing in the development of materials that have lower environmental impacts and also to lower its production cost.
- Furthermore, Major paper manufacturing companies in the region, such as Nippon Paper, are aiming to capitalize on the decreasing demand for plastic and have also announced the expansion of paper-based barrier materials world-wide that can protect the products from air and water. The company reports that over the years, the demand for paper and paperboard packaging materials has risen as a replacement for more cost-effective plastics. Currently, paper-based packaging materials account for 70% of its total sales.
- As with recent outbreak of global pandemic COVID-19 and announcement of lockdown has led to a surge in demand for the essentials with sanitized packaging.
- Also, with the recent study conducted by the New England Journal of Medicine, which suggests the virus could only survive up to 24 hours on the paper-based cardboard packaging as compared to 72 hours on plastic-based packaging is further driving the market growth. For instance, In March 2020, Nestle and DS Smith announced the delivery of 90,000 food packages to hospitals.
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Competitive Landscape

The market is moderately fragmented with the presence of players, like DS Smith, Graphic Packaging, International Corporation, International Paper Company, RengoSappi, and LimitedTetra Laval among others, which play a vital role in upscaling the rise in demand leveraging the declining demand for plastic packaging and customer' preference towards paper-based packaging. To capture the market share, vendors in the regions are strategizing their business models by enhancing their product lines, collaborations, and acquisitions with a core focus on sustainability.

- February 2020: Graphic Packaging International announced the launch of a new line of PaperSeal trays targetted to offer brands and retailers to replace the modified atmosphere and vacuum skin packaging plastic trays with paperboards alternative as part of its vision 2025 to expand and improve the packaging solutions while reducing the impact on the environment and thereby levering its sustainability profile in the industry. The solution is said to utilize 80-90% paperboards and 10-20% film extracted from the sustainably-managed forest.

Key Market Trends:
The Food & Beverage Industry to Drive the Demand for the Market

- Japan is considered one of the significant consumer of paper-based products across various industries, including newsprint, packaging, Printing & Communication, Sanitary, and other miscellaneous applications. There's been a recent trend with the adoption of paper in the packaging industry owing to the consumer consciousness of sustainable packagings, concerns associated with deforestation, and Raw material availability, among others.

- For instance, the food manufacturers in the region have started to realize the drawbacks associated with the plastic wrapping and are preparing to switch to the paper packaging.

- Also, since the announcement of Nestle Japan's plan to use 100% recyclable packaging by 2025, In September 2019, Nestle Japan released new packaging for its famous miniature KitKat Chocolate bars that will now be wrapped with the origami paper instead of using plastic material. Also, the new paper packaging is set to certify the Forest Stewardship Council certification and is fully recyclable.

- Furthermore, to counter the environmental concerns and to drive sustainability, the company expects to down around 380 tons of plastic each year, as its plans to release further paper bags for its other products such as normal-sized Kitkat multipacks and single-layer paper wrappers for individual Kitkats by 2021.

- Also, NGOs worldwide running campaigns such as PlasticMonsters with around 1,834,646 people filing the petition to stop the production of single-use plastics and targeting brands such as Nestle and Unilever responsible for not recycling 90% of plastic is forcing the companies to switch to environmentally friendly packaging. Nestle, Japan, is currently exploring the scope of the new packaging to other brands and products. They are also actively exploring materials to reduce the burden on the environment further as it sells around 4 million products every day.

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The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the report’s an invaluable resource for industry executives, Marketing, Sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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