Global Paper & paperboard packaging Market Information by Type (Corrugated Boxes, Boxboard, and Paper bags), by Grade (Folding boxboard, Solid bleached sulfate, White line chipboard, Coated unbleached kraft board and others), by Application (Personal care, Electronics, Food & Beverages, Healthcare, and Others) and by Region - Forecast to 2022
Pune, India -- (SBWIRE) -- 04/16/2018 -- Market Research Future published a research report on "Paper and Paperboard Packaging Market Research Report- Forecast 2022" – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Paper and paperboard packaging are thick paper based materials used for wrapping and packing products. It can easily be cut, molded and shaped and is highly light in weight. Growing demand from food industry is the major driving factor of the paper & paperboard market. Additionally, growing consumer awareness for sustainable packaging techniques and recyclability of paper and paperboard packaging are also another major driving factor of this market. However, availability of other cheaper alternatives may hamper this market. The Paper & paperboard packaging market is expected to grow at CAGR of 6% by 2022.
Paper & paperboard packaging Global Market – Overview
The paper & paperboard packaging are generally made up of thick paper materials that are used in wrapping and packing the products. They are used in various packaging applications such as personal care, electronics, food & beverages, healthcare, and others. Rapid growth in the electronic sector is ultimately driving the demand of the paper & paperboard boxes.
According to REED Electronic Research, a leading market information provider on the global electronics industry, China has accounted for 38% of electronics equipment production in the global market in 2015. According to a recent study report published by the Market Research Future, The global market of paper & paperboard packaging is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023).
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- Aro Metal Stamping co. (U.S.)
- Kenmode Precision Metal Stamping (U.S.)
- Martinrea International Inc. (Canada)
- Shiloh Industries Inc. (U.S.)
- Acro Metal Stamping Co. (U.S.)
- Manor Tool & Manufacturing Company (U.S.)
- American Industrial Company (U.S.)
- Wisconsin Metal Parts Inc. (U.S.)
- Clow Stamping Co. (U.S.)
These are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global paper & paperboard packaging market.
Industry/ Innovation/ Related News:
The key strategies followed by most companies within the global Paper & paperboard packaging market are that of new product development.
On May 2016, International paper acquires Weyerhaeuser's Pulp Business for $2.2 Billion. On March 2016, International Paper signs agreement to acquire holmen paper madrid mill.
In 2017, Smurfit Kappa Group collaborated with Sun Chemical, the leading producer of printing inks and coatings, so as to showcase their packaging solutions and enhance their productivity.
In 2016, Mondi Group acquired SIMET S.A., the corrugated plant in Poland, to expand and upgrade their operation to high-efficient box plant, which includes corrugated line for on-site board production.
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Paper & Paperboard Packaging Market – Segmentation
The global Paper & paperboard packaging market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type : Comprises Paper & paperboard packaging, Boxboard, and Paper bags
Segmentation by Grade : Comprises Folding boxboard, Solid bleached sulfate, White line chipboard, Coated unbleached kraft board and others
Segmentation by Application : Comprises Personal care, Electronics, Food & Beverages, Healthcare, and Others
Segmentation by Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Paper & paperboard packaging Market: Regional Analysis
In China, the food and beverage and the healthcare industries are the fastest growing industries that extensively use corrugated packages. The paper & paperboard packaging market in the region is also growing with the growth of the processed food sector and the increasing demand for paper & paperboard packaging by the electrical equipment and machinery manufacturers and suppliers. India is one of the largest manufacturers of paper & paperboard packaging and boxes in the Asia-Pacific region. The increasing urbanization in the region and the growing disposable income of the people in the nation are encouraging the use of non-durable consumer goods, which is in turn leading to the growth of the paper & paperboard packaging market. Japan is one of the largest manufacturer of paper & paperboard packaging. Japan is the highest per capita consumer of Boxes materials in the world. The rapidly evolving retail trends in the region are leading to increased innovations in the Boxes industry. preferences for shopping in consumers is changing as they are demanding goods in smaller volumes and closer to home, which is in turn leading to the growth of the paper & paperboard packaging market.
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The report for Global Paper & Paperboard Packaging Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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