Paris, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Fact.MR, a market research and competitive intelligence provider, reveals that worldwide demand for paper packaging materials is forecasted to increase at a CAGR of 6% and reach US$ 465 billion by 2032.
Paper packaging is a flexible and economical solution to store, transport, and preserve a variety of products. It can also be modified to match the needs of customers and any specifications for a particular product. Paper packaging has several advantages over other types of packaging, including lightweight, biodegradable, and recyclable. The market for paper packaging materials is being driven by rigorous restrictions by various environmental protection authorities and growing consumer awareness about sustainable packaging options. The demand for low-cost packaging alternatives such as bags, pouches, cellulose, and others is rising as a result of the growing population.
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A variety of end-use applications now call for environmentally safe and sustainable packaging materials as a result of recent breakthroughs in the packaging sector. This is a significant aspect influencing the development of the market for paper packaging materials.
Many retail stores employ packaging materials to keep food fresh and maintain its nutritional content. High market growth is anticipated as a result of a rise in the number of people buying groceries, including frozen and chilled foods. Food that has been packaged is ideal for convenience, barrier and contamination protection, and portion control, among other things. Food safety concerns are addressed through sustainable packaging, which guards against chemical contamination and food-borne illnesses while reducing food waste and loss.
Key Takeaways from Market Study
- The global paper packaging materials market is valued at US$ 260 billion in 2022.
- Market in Canada is projected to progress at a CAGR of 5.3% over the forecast period (2022-2032).
- Sales of paper bags & sacks are anticipated to expand at a CAGR of 5.7% from 2022 to 2032.
- Market in Germany is set to evolve at a CAGR of 5.5% through 2032.
Key Segments of Paper Packaging Materials Industry Research
- By Product :
- Liquid Packaging Cartons
- Paper Bags & Sacks
- Corrugated Containers & Packaging
- Folding Boxes & Cases
- Others
- By End User :
- Food & Beverages
- Healthcare
- Industrial
- Others
- By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Competitive Landscape
Key market participants are boosting their investments in innovative and specialized packaging solutions through increased R&D plans.
For instance :
- Smurfit Kappa and Wildlife Fund Combia have partnered to enhance forestry conservation and increase the use of recyclable papers.
Key Companies Profiled
- Stora Enso Oyj
- WestRock Company
- Hood Packaging Corporation
- DS Smith PLC
- Holmen AB
- Georgia-Pacific LLC
- BillerudKorsnäs AB
- International Paper Company
- Mayr-Melnhof Karton AG
- Mondi Group plc
- Napco National
- Oji Holdings Corporation
- Smurfit Kappa Group plc
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Winning Strategy
Key market participants engage in captive consumption of paper packaging materials used by a variety of end-user businesses, including the chemical industry and consumer goods industry that produces tablecloths, flatware, and cups. To expand their product range with superior product attributes to suit the escalating industry demand, leading companies heavily engage in R&D. To achieve a competitive edge, several market participants also partner with R&D firms.
For instance,
- Testronix introduced premium next-generation packaging testing equipment. The testing equipment from Testronix is renowned for its high level of technology and build quality. Testronix and its highly qualified team of engineers have been able to create the newest technological instruments to service paper and packaging industries thanks to extensive research and development efforts.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global paper packaging materials market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.
The study divulges essential insights on the market on the basis of product (liquid packaging cartons, paper bags & sacks, corrugated containers & packaging, folding boxes & cases, others) and end user (food & beverages, healthcare, industrial, others), across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA).
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
2.3. Inclusions/Exclusions
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product modifications /Innovation
4. Key Success Factors
4.1. Strategic Developments
4.2. Key regulations
4.3. Product USPs /Technology
4.4. List of Manufacturers and Providers
5. Market Background
5.1. Macro-Economic Factors
5.1.1. Global GDP outlook
5.1.2. Increasing R&D Expenditure
6. COVID19 Crisis Analysis
6.1. Current COVID19 Statistics and Probable Future Impact
6.2. Current GDP Projection and Probable Impact
6.3. Current Economic Projection as Compared to 2008 Economic analysis
Check out more related studies published by Fact.MR Research:
Polycoated Paper Packaging Market - The demand for polycoated paper packaging has increased owing to the numerous properties of this material that benefits various industries. The polycoated paper packaging imparts hygiene, increases the preservation times, and has heat sealing ability. Moreover, the polycoated paper packaging also possesses grease, aroma, gas, and moisture barrier properties.
Paper Carrier Bags Market - The global market for paper carrier bags is expected to flourish during the forecast period, owing to the increasing awareness among end-use consumers and paper carrier bag manufacturers regarding the effects of conventional plastic bags on the environment. This has resulted in the inclination towards environment-friendly packaging products, such as paper. One of the key drivers for the growth of the global paper carrier bags market is the booming retail sector in developing countries such as India.
Heavy Duty Bags & Sacks Market - Global demand for heavy duty bags & sacks is expected to witness a remarkable increase during the forecast period of 2018-2028, owing to relatively low cost and efficient load-bearing capacity. The global heavy duty bags & sacks market is estimated to be valued at US$ 11,165.6 million in 2018 in terms of revenue, expanding at a moderate CAGR of 4.0% through 2028.
Round Corrugated Box Market - The demand for round corrugated box is likely to grow in tandem with growth in the number of e-commerce sites. Further, rising scope of application in the packaging of gifts, cosmetic, food, garments, and healthcare products will possibly be one of the key factors influencing the development of round corrugated box market.
Foldable Large Containers Market - Foldable large containers are emerging as a packing material in the global market. Foldable large containers ensure the highest security for packaged goods. A large portion of the container is empty during return transport, which wastes space and increases freight costs. The foldable large containers are flexible storage boxes that can be used to reduce the transportation cost of the empty containers.
About Fact.MR
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