Paper Packaging Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Paper Packaging Market Report: Outlook

Players in the paper packaging market are adopting organic growth strategies such as expansion of production, acquisitions, partnerships, and new product launches to strengthen their foothold.

On these lines, in December 2019, Huhtamaki has completed the acquisition of the majority of the business of South Africa-based felxible packaging manufacturer Everest Flexibles (Pty) Limited (“Everest”), to leverage the organization’ existing consumer base.

Similarly, in January 2020, Huhtamaki acquired Mohan Mutha Polytech Pvt. Ltd., also a privately-owned flexible packaging manufacturer in India.

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paper packaging market

On a similar note, in 2017, WestRock announced acquisition of five facilities of U.S. Corrugated to expand its presence to the former’s consumer base, including food & beverage, pharmaceuticals and consumer electronics.

On both the product innovation and partnership fronts, DS Smith Packaging Limited is partnering with a leading supermarket chain, Delhaize Belgium, the leading supermarket chain, by offering sustainable packaging solutions to meet the growing demand for home deliveries, especially during the pandemic.

By the same lines, to keep the brand visibility and consumer interaction unhindered, DS Smith is focusing on virtual and hybrid customer interactions and has created a collaborative environment named ‘Impact Centre Online’ and continues to exhibit its products virtually.

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Moreover, players are focusing on minimizing the environmental impact of their production process, by making their processes eco-friendly and sustainable. On this premise, in November 2020, International Paper announced its goal to reduce the greenhouse gas emissions from their processes by 35% from 2017 levels.

Introduction
Future Market Insights delivers key insights on the Paper Packaging market in its published report, titled “Global Paper Packaging Market: Global Industry Analysis, Size, Share, Growth, Trends, Historic Analysis, 2013-2017 and Forecast 2018 – 2028.” In terms of revenue, the global paper packaging market is estimated to expand at a CAGR of 4.1% during the forecast period, owing to numerous factors, about which FMI offers thorough insights and forecasts in this report.

Paper packaging includes flexible and rigid paper packaging formats such as corrugated boxes, paper sacks & bags, cartons, wrapping paper, inserts & dividers, cups & trays, display packaging, clamshells, and tapes & labels. Paper packaging has significant weight advantages that ensure benefits in terms of raw material inputs and distribution efficiencies.

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Ban on Lightweight Plastic Bags to Improve Prospects of Paper Packaging
Paper packaging materials can be reused and recycled as compared to other materials such as metals and plastics. Therefore, paper packaging is amongst the most eco-friendly and economic forms of packaging.

The growing demand for flexible paper packaging due to the rise in consumer awareness regarding harmful effects of plastic on the environment is another driving factor for the global paper packaging market. Ban on lightweight plastic bags in some countries is expected to drive the paper packaging market during the forecast period.

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