(PharmaNewsWire.Com, June 01, 2019 ) The report "Paper Packaging & Paperboard Packaging Market by Grade (SBS, CUK, FBB, WLC, Glassine & Greaseproof , Label Paper), Application (Food, Beverages, Healthcare, Personal & Homecare), & by Type (Corrugated Box, Boxboard, Flexible Paper) - Trends & Forecast to 2020" published by MarketsandMarkets, The Paper & Paperboard Packaging Market is projected to reach $213.4 billion by 2020, at a CAGR of 3.5% from 2015 to 2020.
The market report defines and segments the global paper & paperboard packaging market with analyses and forecast of the global market size for paper & paperboard packaging. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges. The market is segmented on the basis of application, grade of paper & paperboard, type of packaging and major regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW), and is forecasted till 2020. Major countries in all the regions have been considered for the study.
The Paper Packaging & Paperboard Packaging Market is end-user oriented. It has shown moderate growth after the economic slowdown from 2007 to 2009. This market is mostly driven by the switch in packaging solutions from plastic packaging to paper & paperboard packaging. With the increasing problems of landfill and non-biodegradable or very slow degradation of plastic & metal packaging, paper & paperboards are the preferred manufacturers. The eco-friendly appeal of paper has helped in acceptance and penetration in the global market. A lot of innovations in designs & technological advancements have been witnessed by the industry in the last decade, which has helped in entering new segments such as, frozen foods, multi-pack beverage holders, recycled paperboard for packaging of dry food, and healthcare products.
The Paper & Paperboard Packaging Market is projected to reach $213.4 billion by 2020, at a CAGR of 3.5% from 2015 to 2020. Asia-Pacific is estimated to grow the fastest in the review period, because of the increasing demand of convenience food, better health & personal care products. The developing economies also have a direct impact on paper & paperboard packaging industry because of the increasing disposable income of the citizens.
The Paper & Paperboard Packaging Market is marked with intense competition due to the presence of a large number of players. The market for this industry is highly unorganized because of the small- and medium- manufacturers and converters. New product launches, mergers & acquisitions, partnerships, and expansions are the key strategies adopted by market players to ensure their growth in the market. The key players in the market are Amcor Ltd. (Australia), ITC Ltd. (India), Cascades Inc. (Canada),RockTenn Company (U.S.), Clearwater Paper Corporation (U.S.), Packaging Corporation of America (U.S.), DS Smith Plc. (U.K.), Mondi Group (South Africa), and Metsa Group (Finland).
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