Global Paper Packaging Materials Market

Global Paper Packaging Materials Market is anticipated to reach US$ 469.58 Bn by 2026 from US$ 342.76 Bn in 2019 at a CAGR of 4.6% during a forecast period.

Global Paper Packaging Materials Market Overview

The market is expected to register growth of 4.6 % during the forecast period due to an increase in demand for eco-friendly packaging and the rapid development of frozen food industries. There have been severe problems in the packaging sector owing to the COVID-19 pandemic, including the impact of national lockdowns. The consequences of countrywide lockdown have a major effect on the materials used in packaging. Although there has been a major impact on the supply side of paper packaging, considerable growth in end-user demand has greatly increased the growth of the paper packaging materials market. North America holds the largest share of the global paper packaging materials due to the growing number of beverage industries. The liquid packaging cartons segment in the region holds 44% of the total revenue share in 2019. The regions such as the Asia Pacific, South America and the Middle East are also expected to grow at a faster pace due to the demand for eco-friendly packaging materials to tackle pollution. Global Paper Packaging Materials Market To know about the Research Methodology :- Request Free Sample Report

Global Paper Packaging Materials Market Dynamics

The government’s environmental concern regarding the use of eco-friendly solutions is the primary factor for the growth of the paper packaging materials market. Thus, various regulations are put by the regulatory bodies to promote recyclable paper-based options, which initiates paper recycling technologies. Also, the need for flexible packaging such as Kraft paper, greaseproof paper, and parchment paper is driving the growth of paper packaging materials. This flexible packaging holds the market share of US$ 42.65 Bn in 2019 and is expected to reach US$ 56.25 Bn by 2026. Thus, manufacturers across the globe are investing in research and development activities due to technological development in the paper recycling process. Rapid Development of Fast Food Industries The paper packaging provides primary and secondary packaging to the products that help to preserve fast food and its nutritional value. Thus, the retails stores use these paper packaging materials to preserve food that includes frozen and chilled foods due to the growing purchasing of these products. Asia and Latin America hold the maximum industries of fast food due to a rise in demand from millennials combined with an increase in demand for ready-to-eat foods. Also, an increase in the number of hypermarkets and supermarkets is expected to be one of the key factors driving the growth of the paper packaging materials market.However, several deforestation rules are exposed to the paper packaging materials market. Thus, growth and development are expected to be hampered by such an adverse regulatory environment. Global Paper Packaging Materials Market

Global Paper Packaging Materials Market Segmentation Analysis

By Product, the liquid packaging cartons segment dominated the market, with market size of US$ XX Mn. in 2019 and to reach US$ XX Mn. by 2026, with a CAGR of 4.2%. These packaging are light in weight, have more shelf life and biodegradable properties, and are used for applications such as beverages. Global Paper Packaging Materials However, the Corrugated Cases segment occupied the second largest market share of XX% in 2019 as they are mostly used in the transportation of goods. The growth of this segment is attributed to the growth in Retail packaging such as innovative designs. By Application, the Beverages segment was valued at US$ XX Mn. in 2019 and is projected to reach US$ XX Mn by 2026 at a CAGR of 43% during 2020-2026. This is mainly due to the increasing demand for liquid packaging, preference for functional foods, and its easy availability. Also, it increases the conservation of beverages, which drives the segment’s growth. The growth in beverage industries across the developed countries like Europe and North America also drives the growth of the paper packaging material market. Global Paper Packaging Materials However, the frozen food segment occupied the second largest market share of XX% in 2019 due to rapid growth in the frozen food industries in developing countries. Similarly, the Fast food segment is expected to grow at a considerable rate due to growing techniques of marketing using paper packaging materials.

Global Paper Packaging Materials Market Regional Insights

North America held the largest market share of 41% in 2020 and is projected to grow at the highest CAGR of XX% over 2020-2026. The consumer’s preference for fast food and processed products are all driving the growth of the market in the region. According to data, in 2019, around 42 million tons of paper packaging were used in production, which is expected to increase by around 82% in 2020. In the North American region, the United States dominates the paper packaging materials market due to growing food industries. Asia Pacific region is expected to register the highest growth rate over the forecast period. Among the Asian countries, China is expected to lead the APAC market, generating revenue worth US$XX Mn by 2026. This is mainly due to the increasing number of manufacturing and transit packaging units across the region. Also, factors like rising awareness regarding probiotics usage, rising standard of living, and increasing disposable income are expected to drive the growth of the market during the forecast period. Leading market key players are working to demonstrate the opportunity to Paper Packaging Materials Market. Major players are involved in adopting maintainable strategies to gain competitive edges such as new product launches, product up-gradation, and M&A, collaborative agreements. For example, KapStone Paper and Packaging Corporation was acquired by WestRock Company. KapStone’s purchase broadens the company’s distinct offering of paper and packaging products, such as folding cartons and paperboard, and is expected to improve customer service across the board. Smurfit Kappa announced a partnership with Wildlife Fund Combia on August 18, 2020, to improve forestry protection and expand the usage of recyclable papers. In June 2020, Amazon India stated that all single-use plastic in packaging coming from its 50 plus fulfillment centers in the country are going to be replaced with plastic-free and biodegradable paper. Global Paper Packaging Materials Market The objective of the report is to present a comprehensive analysis of the Global Paper Packaging Materials Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Paper Packaging Materials Market dynamics, structure by analyzing the market segments and project the Global Paper Packaging Materials Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Paper Packaging Materials Market make the report investor’s guide.

Global Paper Packaging Materials Market Scope: Inquire before buying

Global Paper Packaging Materials

Global Paper Packaging Materials Market by Region

• North America • Asia pacific • Europe • Middle East and Africa • South America

Global Paper Packaging Materials Market Key Players

• Koch Industries • International Paper Company • Holmen AB • DS Smith Plc • Smurfit Kappa Group Plc • Napco National Paper Products Company • Billerudkorsnas • WestRock Company, Georgia Pacific LLC • Pratt Industries • DS Smith Packaging Limited • Stora Enso Oyj • Mondi Group Plc • The Mayr-Melnhof Group • OJI Holding CorporationContact info:

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