Fiber Based Packaging Market Top Players - 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 market for fiber-based packaging solutions is experiencing sustained growth as enterprises and consumers increasingly pursue environmentally responsible alternatives to conventional packaging. These solutions are predominantly manufactured from natural fibers derived from wood pulp or recycled paper, recognized for their recyclability and biodegradability. Fiber-based packaging is widely utilized across diverse sectors-including food and beverage, where it is well-suited for fresh products, as well as consumer goods and electronics-owing to its durability and protective capabilities. Common applications include corrugated boxes for shipping, boxboard for retail packaging, molded pulp for safeguarding delicate items, and kraft paper for bags and wrapping.

This packaging format aligns closely with global sustainability objectives. Rising environmental consciousness among consumers has positioned eco-friendly packaging as a strategic priority, contributing to the gradual reduction in single-use plastic dependency. Additionally, sourcing fibers from sustainably managed forests promotes responsible forestry practices. Advances in recycling technologies have improved the quality and availability of recycled fibers, further accelerating the shift toward fiber-based materials. This transition marks a pivotal step in advancing sustainable packaging, supporting market expansion as industries adapt to evolving consumer expectations and increasingly stringent regulatory frameworks aimed at 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 witnessing strong growth, propelled by rising sustainability imperatives, the rapid expansion of e-commerce, favorable regulatory initiatives, evolving consumer preferences, and continuous technological innovation. Businesses are increasingly adopting renewable and recyclable materials-such as paper and cardboard-to meet the expectations of environmentally conscious consumers.

The surge in e-commerce activity has further intensified demand for lightweight yet durable solutions, particularly corrugated boxes, which offer both protection and cost efficiency. Moreover, stringent government regulations aimed at curbing plastic consumption are accelerating the shift toward fiber-based alternatives. Advances in recycling and manufacturing technologies are improving the quality, consistency, and availability of recycled fibers, enabling broader industrial adoption and supporting long-term market growth.

Challenges -
Despite its positive trajectory, the market is constrained by several challenges, including volatility in raw material prices, stringent regulatory compliance requirements, supply chain vulnerabilities, and limitations in recycling infrastructure. Fluctuating costs of paper and cardboard directly impact manufacturing profitability, while evolving sustainability mandates demand substantial investment in research, development, and operational adjustments. Additionally, global supply chain disruptions can impede production schedules and distribution efficiency. Inadequate recycling systems in certain regions hinder fiber recovery and reuse, limiting the overall environmental benefits of fiber-based packaging solutions.

Regional Trends -
North America maintains a prominent position in the global fiber-based packaging market, driven by strong consumer demand for packaged and processed foods, robust e-commerce growth, and heightened awareness of sustainable practices. The region's focus on ensuring product freshness and secure transport continues to fuel the adoption of formats such as corrugated boxes and folding cartons. Well-established manufacturing capabilities, combined with comprehensive regulatory support targeting plastic waste reduction, reinforce North America's leadership in advancing fiber-based packaging adoption.

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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.