Fiber Based Packaging Market Key Players Analysis - engo Co. Ltd., Mondi Group, AR Packaging Group AB, BillerudKorsnäs AB.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Fiber Based Packaging Market Size, Share & Trends Analysis Report By Material Type (Corrugated, Boxboard/Cartonboard, Molded Pulp, Kraft Paper), Material Source (Virgin Fiber, Recycled Fiber), Vertical (Corrugated Boxes, Cartons, Partations & Inserts, Bottles & Cup Carriers, Trays & Clamshells, Plates & Bowls, Bags & Sacks)- Market Outlook And Industry Analysis 2031"

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 demand for fiber-based packaging solutions is steadily increasing as both businesses and consumers seek environmentally responsible alternatives to traditional packaging. These solutions primarily utilize natural fibers sourced from wood pulp or recycled paper, valued for their recyclability and biodegradability. Fiber-based packaging finds extensive application across various industries, including food and beverage-where it is ideal for fresh products-consumer goods, and electronics, offering strength and protection. Common formats include corrugated boxes for shipping, boxboard for retail packaging, molded pulp for safeguarding fragile items, and kraft paper for bags and wrapping.

This packaging approach aligns closely with global sustainability objectives. Growing environmental awareness among consumers has made eco-friendly packaging a critical priority, contributing to the ongoing decline in reliance on single-use plastics. Moreover, the use of sustainably sourced fibers supports responsible forestry practices. Technological advancements in recycling have enhanced the quality and supply of recycled fibers, reinforcing the transition to fiber-based materials. This shift represents a significant move toward sustainable packaging, driving market growth as industries respond to evolving consumer preferences and increasingly stringent regulatory requirements focused 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

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Market Dynamics:
Drivers - The fiber-based packaging market is experiencing robust growth driven by increasing sustainability demands, the expansion of e-commerce, supportive regulatory frameworks, shifting consumer preferences, and technological advancements. Companies are increasingly adopting fiber-based packaging made from renewable and recyclable materials such as paper and cardboard to address the rising expectations of environmentally conscious consumers. The rapid growth of e-commerce further amplifies demand for durable yet lightweight packaging solutions like corrugated boxes. Additionally, stringent government regulations aimed at reducing plastic usage are accelerating the transition to fiber-based alternatives. Technological improvements in recycling and manufacturing processes are enhancing the quality and availability of recycled fibers, supporting broader industrial applications and sustained market expansion.

Challenges - The market faces several challenges, including raw material price volatility, stringent regulatory requirements, supply chain disruptions, and limited recycling infrastructure. Fluctuating costs of paper and cardboard materials impact manufacturers' profit margins. Compliance with evolving sustainability regulations necessitates significant investment in research and development, as well as operational adjustments. Furthermore, disruptions in global supply chains affect production timelines and logistics. The inadequate recycling infrastructure in many regions restricts the recovery and reuse of fibers from packaging waste, limiting the full environmental benefits of fiber-based materials.

Regional Trends - North America holds a significant market share in the fiber-based packaging sector, driven by strong consumer demand for processed foods, rapid growth in e-commerce, and heightened sustainability awareness. The region's emphasis on product freshness and secure transportation bolsters the adoption of fiber-based packaging formats such as corrugated boxes and cartons. Additionally, North America benefits from well-established manufacturing infrastructure and robust regulatory support focused on reducing plastic waste. These factors collectively sustain the region's leadership position in the global fiber-based packaging market.

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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 EverGrowTM 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.

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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This release was published on openPR.