Paper Packaging Market Trend | Future Growth, Regional Segments, Demand Status, Competitive Situation, Latest Opportunities
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 Trend 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
trend. 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 Paper
Packaging 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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