Published by Coherent Market Insights
Posted on September 30, 2021
Paper-based packaging is a lightweight and cost-efficient packaging solution that provides proper protection to a wide range of products. Containerboard, paperboard, paper bags, and shipping sacks are type of paper-based packaging. Containerboard is produced by using cardboard, paperboard is thick and paper-based packaging bag comes in various grades that possess unique properties that are ideal for packaging of cereals, cosmetic boxes, and medicine. Paper bag is produced by using Kraft paper and available in different shapes and sizes. Shipping sacks are multi-wall paper sacks and mostly used to ship bulk products.
The global paper packaging market is projected to surpass US$ 485.0 billion by the end of 2027, in terms of revenue, growing at CAGR of 4.4% during the forecast period (2020 to 2027).
Top Key Players in Paper Packaging market: Clearwater, Paper, Corporation, Amcor, Ltd., ITC, Ltd., Metsa, Group, Cascades, Inc., Rock-Tenn, Company, Mondi, Group, Packaging, Corporation, of, America, and, DS, Smith, Plc.
Regional Analysis For Paper Packaging Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Paper Packaging market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Rising production of paper is expected to serve as a major driving factor for the market of the paper-based packaging. According to International Energy Agency, the paper and paperboard production growth rate accelerated to 2.3% in 2017, up from 0.7% during 2010?16, and demand is expected to continue rising to 2030, driven by a growing population and economic growth. Thus, growth in paper production will favor the market growth of paper-based packaging.
Increasing demand for eco-friendly packaging solutions due to growing environmental concerns is projected to augment the market growth of the paper-based packaging. Growing awareness among consumers regarding sustainable packaging is also contributing to the market growth of paper-based packaging. Moreover, rising governmental strict regulations regarding environmental protection will further favor the market growth of paper-based packaging.
Increasing adoption of paper recycling technologies and rising R&D activities by the government and manufacturers are expected to present lucrative opportunities to the market. The growing demand for paper packaging to provide an aesthetic look to the packaged product is also expected to augment the market growth of paper-based packaging. Rising demand for corrugated cases for shipping of material in bulk amount is further projected to augment the market growth of the paper-based packaging.
Imposing a ban on the use of plastic by the government is expected to open new avenues to the market of paper-based packaging. Various countries such as China, India, and Taiwan has implemented environmental safety policies in order to eliminate the usage of single-use plastic. For example, in January 2020, new policy was implemented by the National Development and Reform Commission and the Ministry of Ecology and Environment, the directive will see non-degradable bags banned in major cities by the end of 2020 and in all cities and towns by 2022.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Paper Packaging market Global Analysis, Company Profile, Latest Innovations and Industry Expansion Strategies 2025 appeared first on Gatorledger.
Paper-based packaging is a lightweight and cost-efficient packaging solution that provides proper protection to a wide range of products. Containerboard, paperboard, paper bags, and shipping sacks are type of paper-based packaging. Containerboard is produced by using cardboard, paperboard is thick and paper-based packaging bag comes in various grades that possess unique properties that are ideal for packaging of cereals, cosmetic boxes, and medicine. Paper bag is produced by using Kraft paper and available in different shapes and sizes. Shipping sacks are multi-wall paper sacks and mostly used to ship bulk products.
The global paper packaging market is projected to surpass US$ 485.0 billion by the end of 2027, in terms of revenue, growing at CAGR of 4.4% during the forecast period (2020 to 2027).
Top Key Players in Paper Packaging market: Clearwater, Paper, Corporation, Amcor, Ltd., ITC, Ltd., Metsa, Group, Cascades, Inc., Rock-Tenn, Company, Mondi, Group, Packaging, Corporation, of, America, and, DS, Smith, Plc.
Regional Analysis For Paper Packaging Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Paper Packaging market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Rising production of paper is expected to serve as a major driving factor for the market of the paper-based packaging. According to International Energy Agency, the paper and paperboard production growth rate accelerated to 2.3% in 2017, up from 0.7% during 2010?16, and demand is expected to continue rising to 2030, driven by a growing population and economic growth. Thus, growth in paper production will favor the market growth of paper-based packaging.
Increasing demand for eco-friendly packaging solutions due to growing environmental concerns is projected to augment the market growth of the paper-based packaging. Growing awareness among consumers regarding sustainable packaging is also contributing to the market growth of paper-based packaging. Moreover, rising governmental strict regulations regarding environmental protection will further favor the market growth of paper-based packaging.
Increasing adoption of paper recycling technologies and rising R&D activities by the government and manufacturers are expected to present lucrative opportunities to the market. The growing demand for paper packaging to provide an aesthetic look to the packaged product is also expected to augment the market growth of paper-based packaging. Rising demand for corrugated cases for shipping of material in bulk amount is further projected to augment the market growth of the paper-based packaging.
Imposing a ban on the use of plastic by the government is expected to open new avenues to the market of paper-based packaging. Various countries such as China, India, and Taiwan has implemented environmental safety policies in order to eliminate the usage of single-use plastic. For example, in January 2020, new policy was implemented by the National Development and Reform Commission and the Ministry of Ecology and Environment, the directive will see non-degradable bags banned in major cities by the end of 2020 and in all cities and towns by 2022.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Paper Packaging market Global Analysis, Company Profile, Latest Innovations and Industry Expansion Strategies 2025 appeared first on Gatorledger.
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