The Global Paper Packaging Materials Market size is estimated to grow from USD 1.92 billion in 2017 to USD 2.7 billion by 2028, at a CAGR of 5.5% during the forecast period (2021-2028). The major factors driving this market growth are an increase in e-commerce and the growing disposable income levels in emerging markets such as China, India, Brazil, and Russia. In addition, developing countries are experiencing rapid urbanization with increasing disposable incomes leading to higher consumption levels for consumer goods which will drive demand for paper packaging materials products over the next decade.
Paper packaging material is a type of disposable packaging used for transporting various types of products. It can be made from paper, plastic, or other materials like cardboard and metal. Typically it's the inner layer that protects the product while in transit as well as during sale on retail shelves. Paper-based packaging has been popular since ancient times due to its low cost and ease of manufacturing. Paper packaging can be made from either paperboard or corrugated fiberboard.
On the basis of Types, the market is segmented into liquid packaging cartons, corrugated cases, carton & folding boxes, and others.
Liquid packaging cartons are a type of paper-based container that has been developed to replace plastic. These containers primarily comprise three features which are, fill hole for liquid products, a sealing mechanism on the top, which facilitates closure and prevents leakage when transporting or storing in stores, An opening at the bottom where you can pour liquid products.
Corrugated cases are paper-based containers that are used for transporting and storing products. These cases have a relatively long life because of their ability to resist moisture, dust, and light. These cases can be manufactured in different shapes such as square or rectangular shapes with the latter being more common among manufacturers than the former due to its low cost.
Cartons are rectangular boxes that have a hinged lid. The folding boxes are shaped in the form of an L with one side open for easy access to its content. These containers, like corrugated cases, can be made out of different materials such as paperboard and aluminum foils which vary based on the needs or preferences of their manufacturer.
On the basis of Application, the market is segmented into beverage, fast food, fresh food, dairy & bakery products, and frozen foods.
The usage of paper packaging material in the production of beverages is higher than that for other types, owing to its low cost and ease with which it can be recycled. Beverages have a large demand for packaging. This is because the production of beverages entails high-value products that companies do not want to jeopardize due to damage during transit and/or storage. Products such as juice, tea, milk, and wine are packaged in cartons using paperboard or aluminum foils.
Fast food is another application that consumes a large amount of paperboard. The consumption of these products has increased due to the rise in urbanization and changing lifestyles, which have led consumers to demand healthier food options from fast-food chains. In the fast-food industry, paperboard is used to package meat and vegetables. For example, McDonald's uses foam boxes made from recycled paper in order to reduce its ecological footprint. The company has also embarked on a campaign for sustainable packaging by using recyclable materials such as post-consumer content fiberboard (PCF).
The use of paperboard packaging in the fresh food industry is also significant. In this market, it is used to package dairy products and bakery goods such as cakes, muffins, and donuts. Paper board has a low cost-to-weight ratio that makes it ideal for delivering these types of items without exceeding shipment weight or volume limits.
The use of paperboard packaging in the dairy and bakery market is also significant. In this market, it is used to package products such as cheese, ice cream, butter cookies, and chocolate bars. This is primarily due to the ease with which paperboard packaging can be recycled.
More than a quarter of the packaging material (28.36%) used in frozen food is paper, followed by polyethylene film at 25.81%. Packaging materials are mainly used to preserve and protect the product from external factors during transit or storage. Paper provides an economical as well as an environmentally friendly alternative for long-term freezing applications because of its natural insulation properties.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.
The North American region has the maximum share in the market and is followed by Europe. The Asia-Pacific region at present holds a significant proportion of 18% with respect to the overall consumption due to some key growth factors including rapid population expansion, expansive urbanization, and growing disposable income. The middle east and Africa region are anticipated to be the fastest-growing region in terms of consumption.
The paper packaging materials market is expected to grow at a higher growth rate because of the increased demand for eco-friendly and biodegradable materials. Moreover, increasing consumption of fast food in developing countries like India is driving the global paper packaging materials market. The paper packaging industry has grown exponentially with increasing demand from countries like China and India due to their rapidly growing population base coupled with an increased consumption rate of fast food.
Up Market Research published a new report titled “Paper Packaging Materials Market research report which is segmented by Types (Liquid packaging cartons, Corrugated cases, Carton & folding boxes, Others), By Applications (Beverages, Fast food, Fresh food, Dairy & bakery, Frozen foods), By Players/Companies DS Smith PLC, Georgia-Pacific Corporation, Holmen AB, Hood Packaging Corporation, International Paper Company, MeadWestvaco Corporation, OJI Holding Corporation, Smurfit Kappa Group Plc, Stora Enso Oyj, The Mayr-Melnhof Group”.
|Report Attributes||Report Details|
|Report Title||Paper Packaging Materials Market Research Report|
|By Type||Liquid packaging cartons, Corrugated cases, Carton & folding boxes, Others|
|By Application||Beverages, Fast food, Fresh food, Dairy & bakery, Frozen foods|
|By Companies||DS Smith PLC, Georgia-Pacific Corporation, Holmen AB, Hood Packaging Corporation, International Paper Company, MeadWestvaco Corporation, OJI Holding Corporation, Smurfit Kappa Group Plc, Stora Enso Oyj, The Mayr-Melnhof Group|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||226|
|Number of Tables & Figures||159|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Liquid packaging cartons, Corrugated cases, Carton & folding boxes, Others and By Application Beverages, Fast food, Fresh food, Dairy & bakery, Frozen foods.
Some of the companies that are profiled in this report are:
Paper Packaging Materials Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Paper Packaging Materials Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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