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 market for fiber-based packaging solutions is witnessing steady growth as businesses and consumers increasingly seek environmentally sustainable alternatives to conventional packaging. These solutions are primarily produced from natural fibers sourced from wood pulp or recycled paper, valued for their recyclability and biodegradability.

Fiber-based packaging finds extensive application across multiple sectors-including food and beverage, where it is particularly suited for fresh products, as well as consumer goods and electronics-due to its durability and protective performance. Key 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 category aligns closely with global sustainability objectives. Rising consumer environmental awareness has elevated eco-friendly packaging to a strategic priority, supporting reductions in reliance on single-use plastics. Furthermore, the use of fibers from sustainably managed forests encourages responsible forestry practices. Technological advancements in recycling have enhanced both the quality and availability of recycled fibers, accelerating the transition toward fiber-based materials. Collectively, these trends underscore a significant shift toward sustainable packaging, fostering market expansion as industries adapt to evolving consumer preferences and increasingly rigorous regulatory frameworks 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 imperatives, the rapid expansion of e-commerce, supportive regulatory frameworks, shifting consumer preferences, and ongoing technological advancements. Companies are progressively 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 heightened demand for lightweight yet durable packaging solutions-particularly corrugated boxes-which provide both protection and cost efficiency. Furthermore, stringent governmental regulations aimed at reducing plastic consumption are accelerating the transition toward fiber-based alternatives. Advances in recycling and manufacturing technologies are enhancing the quality, consistency, and availability of recycled fibers, facilitating broader industrial adoption and supporting long-term market growth.

Challenges:
Despite favorable growth prospects, the market faces several constraints, including volatility in raw material prices, complex regulatory compliance requirements, supply chain vulnerabilities, and limitations in recycling infrastructure. Fluctuating paper and cardboard costs directly affect manufacturing profitability, while evolving sustainability mandates necessitate substantial investment in research, development, and operational adjustments.

Additionally, disruptions in global supply chains can impede production schedules and distribution efficiency. Inadequate recycling systems in certain regions limit fiber recovery and reuse, constraining the overall environmental benefits of fiber-based packaging solutions.

Regional Trends:
North America continues to hold a leading position in the global fiber-based packaging market, driven by strong consumer demand for packaged and processed foods, rapid e-commerce growth, and increased awareness of sustainable practices.

The region's emphasis on product freshness and secure transport supports the adoption of packaging formats such as corrugated boxes and folding cartons. Established manufacturing infrastructure, combined with comprehensive regulatory measures targeting plastic waste reduction, reinforces North America's leadership in promoting fiber-based packaging solutions.

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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.