Paper Packaging Market Share | Industry Growth, Trends and Research Report, To 2027
The global paper packaging market size is anticipated to register a ~4.2% CAGR between 2021 and 2028 and reach an approximate value of 488.0 billion in 2028.
The
global Paper Packaging Market Share is
anticipated to register a ~4.2% CAGR between 2021 and 2028 and reach an
approximate value of USD 488.0 billion in 2028.
Industry
News
- In August
2021, Mondi, one of the leading packaging and paper manufacturers,
launched a comprehensive portfolio of corrugated packaging solutions in
Central Europe for online grocery market. This enables retailers to choose
from Mondi’s corrugated packaging solutions for all kinds of grocery
pick-up and delivery options.
- In
August 2021, Smurfit Kappa collaborated with McBride, one of the prominent
European manufacturers of private label products for the cleaning and
hygiene market, to develop an innovative new packaging solution for
detergent. The new paper-based Click-to-Lock Pods Box offers a sustainable
and safe alternative to the traditional plastic box for laundry pods.
In
2021, the corrugated boxes segment held a significant market share: MRFR
The
global market for paper packaging share has been segmented on the basis
of type, level of packaging, end-user industry, and region.
Corrugated boxes segment continues to capture a leading share in the global
paper packaging paper market. The strength, cost-effectiveness, and
eco-friendly attributes of corrugated boxes fuel the use of corrugated boxes in
the global paper packaging market.
Based
on end-user industry, the paper packaging market is segmented into food,
beverage, healthcare, personal & home care. The food and beverage
segment is anticipated to demonstrate the highest growth in the market due to
the high demand of food products worldwide. Growing preference for packed and
processed food contributed to the use of paper packaging.
On
the basis of level of packaging, the paper packaging market is segmented into
primary, secondary, tertiary. Primary packaging is considered to hold the major
share of the global paper packaging market. The growing demand for primary
packaging from food and beverages, pharmaceutical, personal care, and household
care industries is expected to drive the global packaging market. Since
single-use plastic damages, the environment and strict government guidelines
keep plastic use under control.
Based
on region, the paper packaging market is segmented into North America, Europe,
Asia-Pacific, and Rest of the World. North America accounts for the largest
market for paper packaging worldwide, followed by Europe, given these regions'
flourishing food & beverage and healthcare industries.
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Key
industry participants in the Paperboard Packaging industry include International Paper International Paper Company
(US), Mondi Group (UK), Smurfit Kappa Group (Ireland), DS Smith PLC (UK),
WestRock Company (US), Packaging Corporation of America (US). Cascades Inc.
(Canada), Nippon Paper Industries Ltd. (Japan), Rengo Co. Ltd. (Japan), Graphic
Packaging International (US), METSÄ BOARD (Finland), Sonoco Products Company
(US), Visy Industries (Australia), Seaboard Folding Box Company Inc. (US),
Georgia-Pacific Corporation (US), MeadWestvaco (US), OJI Holding Corporation
(Japan), Stora Enso Oyj (Finland), and The Mayr-Melnhof Group (Austria).
This
research report provides insights into various levels of analysis, such as
industry analysis and market share analysis for the leading industry
competitors, along with their profiles. It also helps in studying the target
segments by providing views on the emerging and high-growth segments. The
market data comprises the basic assessment of the competitive scenarios and
strategies in the global paper packaging market, including high-growth
regions and/or countries and political and economic environments. The project
report further provides both – historical market values and pricing and cost
analysis.
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