Recycling nature of paper and paper board packaging is likely to increase the adoption rate: Nowadays, extensive application of packaging solutions, ranging from food and beverages to healthcare industry is raising the need for the improvisation in packaging method. Paper and paper board packaging method provides excellent tamper-resistance with high stiffness and strength keeping our environment safe. With improving packaging solutions, paper and paper board packaging market is expected to witness significant growth in the near future.
The global paper and paperboard packaging market is segmented on the basis of product type, by grade and by end-user. Product type is further bifurcated into corrugated box, flexible paper packaging and box board. Corrugated box held largest revenue share of global paper and paperboard packaging market in 2016, owing to its extensive use in shipping of products across the globe. Cost-effectiveness, strength quality, light weight and recyclability features are expected to boost the demand for corrugated box in the near future. In the US, nearly 96% of items shipped in corrugated box.
However, high demand of efficient packaging in retail industry is likely to propel the demand of flexible paper packaging. Flexible paper packaging helps in preventing contamination of food items thus flexible paper packaging is gaining huge popularity. Flexible paper packaging is projected to occupy nearly 40% revenue share of global paper and paperboard packaging market by the end of 2024.
Geographically, Europe is the fastest growing region for paper and paperboard packaging market and is expected to grow at a healthy CAGR during the forecast period. Rising demand of cost effective and efficient packaging solution in healthcare and manufacturing industry is driving growth of paper and paperboard packaging market in the region.
Compact Design Packaging: Transformation in Packaging Method
Cost-effective packaging solution with appealing aesthetic view is an emerging trend which is propelling the paper and paper board packaging market. Z-View multi-pack launched by Zumbiel is a revolutionary innovation in packaging solutions which provides innovative design with convenient packaging. This packaging promotes the visibility of the product with efficient use of paperboard space. Such innovations in packaging solutions is expected to increase the market competitiveness and is likely to positively impact the paper and paperboard packaging market in the near future.
“Global Paper and Paper Board Packaging Market Outlook 2024” contains detailed overview of the global paper and paper board packaging market in terms of market segmentation by product type, by grade type and by end-user.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis.
This market report also includes provides competitive outlook of some of the major players of the global paper and paper board packaging market which includes profiling of companies Amcor Ltd. , ITC Ltd, Clearwater Paper Corporation, Kapstone, DS Smith, Packaging Corporation of America, Evergreen Packaging Inc. and DS Smith. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents comprehensive synopsis on the global paper and paperboard packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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