Paper Packaging & Paperboard Packaging Materials Market Evolving Technology, Trends and Demands 2021 to 2027| WestRock, International Paper Company, Westrock

Global Paper Packaging & Paperboard Packaging Materials Sales Market Report 2021

Paper Packaging & Paperboard Packaging Materials Market research performs thorough market analysis and uses a variety of sources to provide key players with wide-ranging knowledge about industry strategies. This analysis concentrates more on current trends, market scenario along with depicting dynamic methods and key advancements. All these factors greatly help leading industries to get an advantage over competitive market and leverage their position in the market. Key players of the market focus on following some key strategies such as mergers, acquisitions, collaborations and novel product launches. It further captures actions and plans followed by the competitors in the market to make their business gainful. Paper Packaging & Paperboard Packaging Materials Market study discusses about how COVID-19 pandemic affected market growth globally.

The Global Paper Packaging & Paperboard Packaging Materials market is expected to register a CAGR of 7.45 % during the forecast period (2021- 2027).

The report introduces the market competition landscape and a detailed analysis of the major suppliers/key players in the market.

Top companies in the global Paper Packaging & Paperboard Packaging Materials market: WestRock, International Paper Company, Westrock, Evergreen, Packaging Corporation of America, Amcor Ltd., Mondi Group, Sappi Ltd., DS Smith, Sonoco Corporation, Clearwater Inc., Carauster Industries Inc., Tetra PaK

INDUSTRY NEWS

WestRock has acquired 12 companies, including 8 in the last 5 years. It has also divested 2 assets.

WestRock’s largest acquisition to date was in 2018, when it acquired Kapstone Paper and Packaging for $4.9B. It’s largest disclosed sale occurred in 2017, when it sold WestRock - Specialty Closures and Dispensing Systems Business to Silgan Holdings for $1.0B. WestRock has acquired in 7 different US states, and 3 countries. The Company’s most targeted sectors include packaging (92%) and forest products (9%).

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MARKET OVERVIEW

The packaging industry witnessed some major issues due to the COVID-19 pandemic, including the effects of nationwide lockdown, companies moving to source away from China, and reconsidering materials used in packaging. Although the supply side of the paper packaging has witnessed significant impact, a drastic increase in the end-user demand in some applications has significantly expanded the scope of the paper packaging.

Paper packaging is a versatile and cost-efficient method to protect, preserve, and transport a wide range of products. In addition, it can be customized to meet the customers' needs or product-specific needs. The attributes, like lightweight, biodegradability, and recyclability, are the advantages of paper packaging that make it an essential component for packaging.

The global Paper Packaging & Paperboard Packaging Materials market is divided by product type and application:

The report breaks down the global Paper Packaging & Paperboard Packaging Materials market according to the following types:

Containerboard

Paperboard

Paper Bags

Shipping Sacks

According to the application, the global Paper Packaging & Paperboard Packaging Materials market can be subdivided into:

Residential Use

Commercial Use

Regional Outlook of the Paper Packaging & Paperboard Packaging Materials market:

North America (United States, Canada and Mexico)

Europe (Germany, France, United Kingdom, Russia and Italy)

Asia Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

Middle East and Africa (Saudi Arabia, UAE) , Egypt, Nigeria and South Africa)

REGIONAL ANALYSIS

North America Expected To Have Significant Market Share
North America continues to be one of the leading markets for paperboard packaging products with a host of players operating in the country. In 2018 alone, the paper and paperboard consumption in North America reached 74.21 million metric ton. This is according to data released by FAO and UNECE.
The United States dominates the folding carton packaging market in the North American region, where food is expected to continue as the primary end user of folding cartons. 

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The Influence of the Paper Packaging & Paperboard Packaging Materials market report:

-Comprehensive assessment of all opportunities and risks in the Paper Packaging & Paperboard Packaging Materials market.

-The latest innovations and major events in the Paper Packaging & Paperboard Packaging Materials market.

-Research in detail the business strategy of leading enterprises in the Paper Packaging & Paperboard Packaging Materials market.

-Conclusive research on the growth chart of the Paper Packaging & Paperboard Packaging Materials market in the next few years.

-In-depth understanding of the Paper Packaging & Paperboard Packaging Materials market, especially the driving factors, constraints and major micro-markets.

-Have a good impression on the important technologies of the Paper Packaging & Paperboard Packaging Materials market and the latest market trends.

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Key Highlights of the Paper Packaging & Paperboard Packaging Materials Market Report

Market Segments and other perspectives have been studied across 3600 perspectives
Both Supply and Demand-side mapping has been done to understand the market scenario
We have used data triangulation to derive the market numbers
Our data and analysis have been verified through C-level Executives while conducting primary interviews
Porter’s Five Forces Analysis, Swot, Analysis, PEST Analysis, Value Chain Analysis and Market Attractiveness would be an added advantage in the report
Historical Year: 2016; Base Year: 2021; Forecast Years: 2021 – 2027

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