Paper Packaging Market is expanding at a compound annual growth rate of 3.6% during the period 2021-2028 | Size, Share & Global Report
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/paper-packaging-market-analysis-industry-research/
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.
In 2019, International Paper agrees to acquired two packaging business of DS Smith, which is one of the leading companies in paper and pulp. This acquisition helped the company to expand its product portfolio of the group and thus company generated more revenue from the business line.
Segmentation by Product
Liquid Packaging Cartons
Carton and Folding Cases
Segmentation by Application
Dairy & Bakery
Segmentation by Region
Rest of APAC
United States of America
Rest of Europe
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