Press release
Fiber Based Packaging Market Growth and Restrain Factors Analysis Report
The Global Fiber Based Packaging Market is valued at US$ 295.3 Bn in 2023, and it is expected to reach US$ 340.9 Bn by 2031, with a CAGR of 1.8% during the forecast period of 2024-2031.
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The popularity of fiber-based packaging solutions is building up gradually because most companies and consumers in the marketplace are looking forward to using more environmentally friendly alternatives instead of the conventional packaging solutions. This is mainly made from natural fibers derived from wood pulp or recycled paper. Due to its eco-friendliness, fiber-based packaging is valued since it is recyclable and biodegradable. This packaging is used highly in almost all industries-food and beverage, where it is best for fresh product, consumer goods, electronics for strength and protection. Some of its types include corrugated boxes for shipment, boxboard for packaging in the retail unit, molded pulp for protection of fragile items, and kraft paper for bags and wrapping.
The significance of this packaging is that it is in confluence with the global sustainability goals. Demand for Eco-Friendly Packaging Now a necessity because of consumer, who has become increasingly environmentally conscious. The reliance on single-use plastics is decreasing and will continue to decline, as the use of sustainably sourced materials promotes responsible forestry practices. Advancements in recycling technology are also improving the quality and availability of recycled fibers, further supporting this shift. This shift to fiber-based solutions is an important step toward sustainability. It drives growth as industries adapt to shifting consumer tastes and intensifying regulatory pressure on waste reduction.
List of Prominent Players in the Fiber Based Packaging Market:
• UFP Technologies Inc.
• Bumaga BV
• Oji Fibre Solutions
• WestRock Company
• Ahlstrom Corporation
• Sonoco Products Company
• Pratt Industries Inc.
• KapStone Paper and Packaging Corp.
• Mayr-Melnhof Karton AG
• Rengo Co. Ltd.
• Mondi Group
• AR Packaging Group AB
• BillerudKorsnäs AB
• USA Corrugated Inc.
• ESCO Technologies Inc.
• Brodrene Hartmann A/S
• International Paper Company
• Smurfit Kappa Group PLC
• Georgia-Pacific LLC
Market Dynamics:
Drivers-
Growth in the market for fiber-based packaging is driven by factors such as the increasing need for sustainability, the boom in e-commerce, and support from regulations, changing consumer preferences, and technological progress. Striving for more environmentally friendly packaging that meets the increasing demand of eco-conscious consumers, many companies are turning towards fiber-based products made from renewable sources and recyclable raw materials such as paper and cardboard. In addition, the development of e-commerce raises the demand for strong, lightweight products used for packaging, such as corrugated boxes. Governments of the world have implemented stricter regulations on the usage of plastic, forcing the shift towards fiber-based packaging. The technological advancements made to recycling and manufacturing processes simultaneously increase the quality and availability of recycled fibers for various industrial applications. All these parameters together ensure continued growth in the fiber-based packaging market.
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Challenges:
Challenges in the fiber-based packaging market consist of volatile raw material cost, strict regulations, change in supply chain, and scarcity of recycling infrastructure. Paper and cardboard face unstable price fluctuations that affect the margins of the manufacturers. Strict regulations on sustainability directly require heavy investments in R&D and changes in operations. Production and delivery schedules are further influenced because of disruptions in the global supply chain. Most regions lack proper recycling infrastructure, hence limiting the environmental scope of fibers recovered from packaging.
Regional Trends:
Consumer demand for processed foods, e-commerce growth, and awareness among consumers regarding sustainability are some of the main factors responsible for the North America fiber-based packaging market holding an abundant market share. Freshness preservation and product security during transportation add to the acceptance of products using fiber-based packaging like corrugated boxes and cartons in the region. In addition to this is an infrastructure of manufacturing as well as efficient sound regulations that gain governmental support for reducing plastic waste; such a reason further supports the adoption of fiber-based packaging in North America and is, therefore, key to sustaining dominance for this region in this market.
Recent Developments:
• In August 2023, Ahlstrom and The Paper People LLC have launched an innovative, fully fiber-based, recyclability-certified packaging solution for frozen foods, designed to replace traditional fossil-based plastics and films. This new packaging can be used on existing equipment, including vertical form-fill-seal, stand-up pouches, and SOS style systems.
• In June 2021, WestRock Company (NYSE: WRK) has expanded its produce packaging offerings with the launch of the EverGrow™ Collection. The WestRock EverGrow packaging is curbside recyclable when emptied and flattened, aligning with the company's goal to minimize waste and create a fully reusable, recyclable, and compostable product portfolio.
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Segmentation of Fiber Based Packaging Market-
By Material Type:
• Corrugated
• Boxboard/Cartonboard
• Molded Pulp
• Kraft Paper
By Material Source:
• Virgin Fiber
• Recycled Fiber
By Vertical:
• Corrugated Boxes
• Cartons
o Folding Cartons
o Liquid Cartons
o Hinge Lid Cartons
• Partations & Inserts
• Bottles & Cup Carriers
• Trays & Clamshells
• Plates & Bowls
• Bags & Sacks
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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