Paper Packaging Materials Market is expected to surpass the value of US$ 553.1 Bn By 2031, expanding at a CAGR of 4.4%
Paper Packaging Materials Market: Introduction
Packaging made from papers and boards is classified as paper packaging. Various materials such as Kraft paper, cardboards, cartridge paper, and recycled paper are used in the manufacture of packaging. Tetra packs, corrugated boxes, and cartons and folding boxes are some of the different types of products used for packaging in food & beverages, pharmaceutical, and cosmetics industries.
The report forecasts and analyzes the paper packaging materials market on a global and a regional level. The forecast demand on a global level is based on volume (million tons) and revenue (US$ Bn) for a period ranging from 2021 to 2031. The study consists of drivers and restraints of the paper packaging materials market and their impact on the growth of the market on the mentioned time period. In addition, the study includes opportunities available for the market on a regional and global level and their effect in the above mentioned time period.
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Significant Demand for Paper Packaging Materials in Food & Beverages Packaging
Based on application, the paper packaging materials market is segmented into beverages, fresh food, fast food, frozen food, dairy & bakery, and others. Among these, the beverages segment held the leading share in 2020. On the other hand, the combined share of frozen food, fast food, and fresh food in the same year is significant and is expected to rise at the major CAGR during the forecast period.
The demand for paper packaging materials for frozen food, fast food, and fresh food is driven by the significant demand for wrapping food products. In addition, recent advances in materials used for paper packaging and constant advancement in manufacturing technologies have led to the emergence of highly functional packaging, such as those that are leak proof.
Paper Packaging Materials Market: Key Players
Profiles of certain key manufacturers have been covered in this report, along with a detailed analysis of their market share. The study profiles companies such as DS Smith Plc, International Paper Company, MeadWestvaco, OJI Holding Corporation, and Smurfit Kappa Group Plc. A competition landscape comprising their business strategies, SWOT analysis and recent developments in the field of paper packaging materials has been provided.
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Global Paper Packaging Materials Market: Segmentation
Paper Packaging Materials Market Segmentation, by Product
Paper Packaging Materials Market Segmentation, by Application
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets
Nov 10, 2022
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