Paper and Paperboard Packaging Market Is Expected To Grow With a CAGR Of 6% By 2023
Paper and Paperboard Packaging Market Is Expected To Grow With a CAGR Of 6% By 2023
(firmenpresse) - Paper and Paperboard Packaging Market Overview
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.
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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)
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 grade, the paper and paperboard packaging market encompasses white line chipboard, folding boxboard, solid bleached sulfate, coated unbleached kraft board, and others.
Based on the application, the paper & paperboard packaging market includes personal care, healthcare, food & beverages, electronics, and others. The food & beverage had the maximum market coverage during the 2016.
Regional Analysis
Region-specific details of the global COVID-19 Impact 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.
Europe has the potential to delivery remarkably during the forecast period. The product sustainability has made the region look for such packaging options to carry on with the ambition. In the APAC region, rise in packaging would be substantial with increasing number of industries in countries like India and China.
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Datum: 11.06.2020 - 09:03 Uhr
Sprache: Deutsch
News-ID 614287
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Typ of Press Release: Product
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Date of sending: 11/6/2020
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