Press release
Paperboard Packaging Market Revenue, Opportunity, Segment and Key Trends 2017-2022
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the paperboard packaging market. The scope of this report covers the paperboard packaging market by its major segments, which include the types, applications, and the major geographic regions.
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On the basis of region, the paperboard packaging market has been fragmented into North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. Among these, Asia Pacific region in the past few years was the largest market for paperboard packaging. This growth was led by increased packaged food as well as personal care & cosmetic packaging industries. On the other hand, North America and Europe are quite matured markets in comparison with other regions. Hence, in the next few years the growth of paperboard packaging is anticipated to be slow in these regions. Asia Pacific is expected to grow fast, followed by Latin America. Expansion of cosmetic & personal care industry as well as e-commerce industry in India, Japan, and China is expected to drive the demand in Asia Pacific for paperboard packaging over the forecast period.
KEY PREMIUM INDUSTRY INSIGHTS
Factors driving the growth of paperboard packaging market include rising awareness among consumers regarding ill-effects of materials that are non-biodegradable as well as growing environmental concerns, and escalating adoption of eco-friendly packaging solutions.
Moreover, growing disposable income particularly in developing regions is also boosting the growth of paperboard packaging market globally. Furthermore, rising dependence among consumers on convenient foods is key factor fuelling market growth of paperboard packaging currently.
On the other hand, strong competition among the various manufacturers of paperboard packaging is key factor impeding the growth of paperboard packaging market. Besides this, existing fragmentation in the industry owing to escalating concentration of various converters and manufacturers also act as restraining factor for the market growth of paperboard packaging across the globe.
Browse Report: https://www.scalarmarketresearch.com/market-reports/paperboard-packaging-market
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