The world class Global Paper and Paperboard Packaging marketing report provides an outlook of the business chain structure and explains the industry environment, analyzes the market size and forecast by product, region, and application. The report also provides market price analysis and value chain features. To endow with an absolute overview of the Materials & Packaging industry, this market document covers various aspects of market analysis, product definition, market segmentation, key developments, and the existing vendor landscape. Global Paper and Paperboard Packaging market research report conducts a precise analysis of the current scenario of the market which covers several market dynamics.
The market research performed in the world class Paper and Paperboard Packaging report was provided for leading growth status, including developments, segmentation, landscape analysis, product types, and applications. This market report is built by chewing over several fragments of the present and upcoming market scenario because an utter way to forecast what future holds is to comprehend the trend today. Furthermore, the scope of this industry analysis report includes in-depth insights of global and regional markets with the sense given for variation in the growth of the Materials & Packaging industry in certain regions. A professional Paper and Paperboard Packaging market report focuses on primary and secondary drivers, market share, market size, leading segments, and geographical analysis.
Data Bridge Market Research analyses that the paper and paperboard packaging market is expected to reach USD 214,492.80 million by 2030, which was USD 138,707.95 million in 2022, registering a CAGR of 5.60% during the forecast period of 2023 to 2030
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Market Overview
Paper and paperboard packaging materials are made of wood pulp, derived from wood and non-wood sources such as bamboo and straw. Wood pulp is available extensively and is gradually generated by recycling paper. The wood pulp's low cost and sustainable nature make paper and paperboard packaging a perfect choice for end-use industries.
Some of the major players operating in the paper and paperboard packaging market are:
- WestRock Company (U.S.)
- Smurfit Kappa (Ireland)
- International Paper (U.S.)
- Novolex (U.S.)
- NOVPLASTA CZ, s.r.o (Czechia)
- Burgass Carrier Bags (U.S.)
- Mondi (U.K.)
- CEE R.SCHISLER (France)
- Cascades Inc. (Canada)
- DS Smith (U.K.)
- Goodwin Robbins Packaging Company Inc. (U.S.)
- Oji Holdings Corporation (Japan)
- Georgia-Pacific LLC. (U.S.)
- Amcor plc (Switzerland)
- Sonoco Products Company (U.S.)
- Rengo Co. Ltd (Japan)
- Graphic Packaging International LLC (U.S.)
- Keystone Paper & Box Company, Inc (U.S.)
- Menasha Corporation (U.S.)
Paper and Paperboard Packaging Market Dynamics
Drivers
- The increasing emergence of the e-commerce sector
The growing emergence of the e-commerce sector has played a vital role in the growth and expansion of the paper and paperboard packaging market. E-commerce companies widely use corrugated packaging for secondary and tertiary packaging because of its low cost and lightweight nature. Additionally, increasing sustainability problems of plastic materials are compelling e-commerce companies to replace plastic packaging with paper packaging, which is expected to drive market growth during the forecast period.
- Rising consumption of packaged food
The increasing consumption of packaged food will likely drive the growth of the paper and paperboard packaging market during the forecast period. Paper and paperboard products are used for packaging milk products, frozen foods, dry meals, and other products. For instance, according to linchpin, an India-based mobile and software Development Company, digital fast-food orders increased by 23% between June 2019 and June 2020, which tripled in 2021. Therefore, the increasing consumption of packaged food is likely to drive market growth.
Opportunities
- Growth and expansion of the electrical and electronics sector
The electrical and electronics end-use sector is projected to grow significantly during the forecast period. Increasing technological advancement has been leading to the growth of various electronic products. Furthermore, the increasing expansion of compact-sized electrical products also provides lucrative opportunities for manufacturers in paper and paperboard packaging because paper and paperboard packaging is the perfect solution for compact-sized electrical products. Thus, the sturdy growth of the electrical and electronics industry is expected to impact the demand for paper and paperboard packaging in the upcoming few years.
- Increasing awareness among consumers regarding the usage of paper packaging over plastic
Plastic-based packaging products face stringent rules because of their non-biodegradability across the world. Single-use plastic is progressively being banned across various countries and extensively replaced by paper-based packaging because of its sustainability. Furthermore, growing sustainability awareness among consumers regarding paper-based packaging usage is anticipated to create ample opportunities for market growth in the coming years.
Restraints/ Challenges
- High competition from flexible plastic packaging
Flexible plastic packaging offers advantages to retailers and manufacturers because it lessens packaging weight, decreasing warehousing and shipping costs. Hence factors such as cost savings, health benefits, sustainability, and many others are shifting end users' preference from rigid paper-based materials to flexible plastic packaging. This will likely hamper the market growth.
- Fluctuating prices of raw materials
Fluctuations in the price of raw materials, such as cellulose fiber or wood pulp prices, because of the demand-supply gap, which is expected to impact the growth of paper negatively and the paperboard packaging market growth. This factor leads to a significant reduction in the profit margin of the manufacturers in the paper and paperboard packaging market, which may hamper the market growth during the forecast period.
This paper and paperboard packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the paper and paperboard packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Highlights of TOC :
Chapter 1: Global Paper and Paperboard Packaging Market Overview
Chapter 2: Study Assumptions
Chapter 3: Scope of the Study
Chapter 4: Global Paper and Paperboard Packaging Market Economic Impact
Chapter 5 : Analysis Methodology
Chapter 6: Research Phases
Chapter 7: Competition by Manufacturers
Chapter 8: Current Market Scenario
Chapter 9: Value Chain/Supply Chain Analysis
Chapter 10: Government Regulations and Initiatives
Chapter 11: Production, Revenue (Value) by Region
Chapter 12: Supply (Production), Consumption, Export, Import by Regions
Chapter 13 : Market Drivers
Chapter 14 : Market Restraints/Challenges
Chapter 15: Market Opportunities
Get the Full Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-paper-paperboard-packaging-market
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