Paper and Paperboard Packaging Market Overview, Challenges, Opportunities, Trends and Analysis By Forecast 2023

Paper and Paperboard Packaging Market by Type (Corrugated Boxes, Boxboard, Paper bags), by Grade (Folding boxboard, Solid bleached sulfate, White line chipboard, Coated Unbleached Kraft board and others), by Application (personal care, healthcare, food & beverages, electronics, and others), and by Region – Forecast till 2023

(firmenpresse) - Paper and Paperboard Packaging Market Overview

The industry is projected to demonstrate a 6 % CAGR through the forecast period

Factors that can impact the global paper & paperboard packaging market are the growing demand for eco-friendly options to reduce the adverse impacts of plastic on the earth. Online shopping is one of the major traction providers for the global paper & paperboard packaging market. These can be cut and molded as per the need, simplifying the packing procedure remarkably, which can ensure substantial growth for the market in the coming years.

Segmentation

MRFR segmented the global Paper and Paperboard Packaging Market by type, grade, and application in their latest report for a closer inspection of trends and factors driving the market ahead.

Based on the type, the paper & paperboard packaging market includes corrugated boxes, boxboard, and paper bags. The paper bags had the maximum market share in 2016. Several types of this segment are available like multi-wall paper over poly, sewn open mouth bags, pasted valve bags, and pinch bottom open mouth bags.

Based on the grade, the paper & paperboard packaging market encompasses white line chipboard, folding boxboard, solid bleached sulfate, coated unbleached kraft board, and others.

Competitive Landscape

ITC Ltd. (India)

Amcor Ltd. (Australia)

RockTenn Company (U.S.)

Cascades Inc. (Canada)

Packaging Corporation of America (U.S.)

Clearwater Paper Corporation (U.S.)

Mondi Group (South Africa)

Metsa Group (Finland)

DS Smith Plc. (U.K.)

Georgia-Pacific LLC (U.S.)

Sonoco Products Company (U.S.)

Nippon Paper Industries Co., Ltd. (Japan)

Stora Enso Oyj (Finland)

Regional Analysis

Region-specific details of the global paper & paperboard packaging market includes North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

The APAC market is both the largest and the fastest growing market Asia Pacific dominates the global paper & paperboard packaging market and is likely to grow at the fastest CAGR during the forecast period. Countries like India, China, Taiwan, and others are driving the market forward. The rise of packaging industry in the zone, along with growth of e-commerce, and others are also impacting the regional market.

North America’s second position is mostly due to the growth of the food and beverage sector in this country. The regional food & beverage business is quite large and on it the plastic container market is thriving. Increasing storage expenditures and proper measures taken to maintain the transportation of the product hike the growth further.

Access Full Report With TOC (at) https://www.marketresearchfuture.com/reports/paper-paperboard-packaging-market-1894

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