Press release
Demand for Paper Packaging Materials is slated to reach US$ 465 billion by 2032
Paper Packaging Materials
Paper packaging stands out as a flexible and cost-effective solution for storing, transporting, and preserving a diverse range of products. Its adaptability to meet specific customer needs and product specifications makes it a versatile option. The advantages of paper packaging include being lightweight, biodegradable, and recyclable, making it a preferred choice.
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The market for paper packaging materials is gaining traction due to stringent environmental regulations and a growing consumer focus on sustainable packaging. The demand for affordable packaging alternatives, such as bags, pouches, and cellulose, is rising, driven by a growing global population.
Key Points from the Market Study:
The global paper packaging materials market is valued at US$ 260 billion in 2022.
The Canadian market is expected to progress at a CAGR of 5.3% from 2022 to 2032.
Sales of paper bags & sacks are projected to expand at a CAGR of 5.7% during the same period.
The German market is set to evolve at a CAGR of 5.5% through 2032.
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Key Segments of Paper Packaging Materials Industry Research:
By Product:
Liquid Packaging Cartons
Paper Bags & Sacks
Corrugated Containers & Packaging
Folding Boxes & Cases
Others
By End User:
Food & Beverages
Healthcare
Industrial
Others
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Competitive Landscape:
Major market players are increasing investments in innovative and specialized packaging solutions through heightened R&D initiatives. For example, Smurfit Kappa and Wildlife Fund Combia have joined forces to enhance forestry conservation and promote the use of recyclable papers.
Key Companies Profiled:
Stora Enso Oyj
WestRock Company
Hood Packaging Corporation
DS Smith PLC
Holmen AB
Georgia-Pacific LLC
BillerudKorsnäs AB
International Paper Company
Mayr-Melnhof Karton AG
Mondi Group plc
Napco National
Oji Holdings Corporation
Smurfit Kappa Group plc
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Winning Strategy:
Leading companies in the market are engaging in captive consumption of paper packaging materials used by various end-user industries. These companies, involved in the chemical and consumer goods sectors, are expanding their product ranges through extensive R&D efforts. Collaboration with R&D firms and the development of superior product attributes help these companies maintain a competitive edge.
More Insights on the Market:
The market analysis from Fact.MR provides unbiased insights into the global paper packaging materials market, offering historical demand data (2017-2021) and forecast statistics for the period of 2022-2032. The study covers essential aspects based on product type, end-user industries, and regional analysis across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Related Reports:
Fruit Packaging Market is expected to garner a market value of US$ 170 Billion by the end of 2028
https://www.factmr.com/report/1570/fruit-packaging-market
Demand Gift Packaging Market is anticipated to surpass USD 38 Billion by 2032
https://www.factmr.com/report/2231/gift-packaging-market
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