Global Paper & Paperboard Packaging Market Expected to Grow at a CAGR of 6%. Segmentation by Type, Grade, Application and Region : Forecast till 2023
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Paper and Paperboard Packaging Market Research Report 2018 published By Market Research Future, provides information on Global Paper and Paperboard Packaging Market By Industry Analysis, Growth Factors, Opportunity Assessment, Segmentation, Drivers and Restraints, Geographic Overview and Competitive Landscape.
Some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global paper & paperboard packaging market are :
• Aro Metal Stamping co. (U.S.)
• Kenmode Precision Metal Stamping (U.S.)
• Martinrea International Inc. (Canada)
• Shiloh Industries Inc. (U.S.)
• Acro Metal Stamping Co. (U.S.)
• Manor Tool & Manufacturing Company (U.S.)
• American Industrial Company (U.S.)
• Wisconsin Metal Parts, Inc. (U.S.)
• Clow Stamping Co. (U.S.)
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Paper and Paperboard Packaging Industry News
Global paper & paperboard packaging market is extremely diverse and competitive due to the presence of a decent number of large and small players active in the market.
Apr 2018 A division of Tulip called Dalehead Foods have recently launched paper board packaging in the UK fresh protein industry for the first time. The packs are available in three innovative ready-to-eat turkey meats in Waitrose stores around UK. The new format which took three years to develop as a part of Tulip’s packaging strategy works towards creating solutions to deliver consumer convenience, freshness as well as tackling food waste and incorporating recyclable materials.
In January 2017, WestRock Co. has signed a definitive agreement to acquire Multi Packaging Solutions International Ltd. (MPS), for USD 2.28 billion. MPS provides print-based specialty packaging solutions. Its product offering includes premium folding cartons, inserts, labels and rigid packaging.
In 2017, Smurfit Kappa Group collaborated with Sun Chemical, the leading producer of printing inks and coatings, so as to showcase their packaging solutions and enhance their productivity.
On May 2016, International paper acquires Weyerhaeuser’s Pulp Business for $2.2 Billion. On March 2016, International Paper signs agreement to acquire holmen paper madrid mill.
In 2016, Mondi Group acquired SIMET S.A., the corrugated plant in Poland, to expand and upgrade their operation to high-efficient box plant, which includes corrugated line for on-site board production.
In September 2014, Atlantic Corporation, known as Atlantic Packaging, Signs Agreement to purchase three paperboard converting facilities from International Paper. The converting facilities are located in Greensboro, N.C., Hazleton, P.A., and Sturgis, M.I.
As per MRFR Study, The global Paper & Paperboard Packaging market is expected to grow at a CAGR of 6% during the forecast period 2016-2023.
Paper & paperboard packaging Global Market – Overview
Paper and paperboard packaging is thick paper-based material used for packing and wrapping products. It is lightweight and can easily be cut, molded, and shaped. The paper and paperboard packaging market is growing at a high pace and is likely to continue growing at the same pace over the forecast period.
According to MRFR analysis, the global paper and paperboard packaging market is estimated to grow at a CAGR of 6.0% during the estimated period (2017-2023).
Increased shopping preferences of consumers are changing the products that are being demanded to be nearer to the place they are located in and in lesser volumes which is indirectly causing expansion of the paper & paperboard packaging industry. Rising awareness of the negative effects of plastic packaging are motivating consumers to prefer products in paper or paperboard packaging increasingly. The sector is expected to witness tremendous growth over the forecast period due to increasing investments by market players and new innovations that are being developed for the market.
Paper and Paperboard Packaging Market: Segments
The market for paperboard & paper packaging is segmented into grade, type, application and regions. On the basis of type the segment comprises of paper & paperboard packaging, boxboard, and paper bags. The segmentation on the basis of grade includes solid bleached sulfate, folding boxboard, coated unbleached kraft board, white line chipboard and others. The application segment of the market comprises of personal care, electronics, food & beverages, healthcare, and others. The segmentation on the basis of regions includes Europe, North America, APAC and Rest of the World.
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Paper and Paperboard Packaging Market: Detailed Regional Analysis
The regional analysis of the paper and paperboard packaging market includes regions such as Asia Pacific, North America, Europe and rest of the world. The Asia-Pacific region rules the market for the paperboard & Paper packaging, region. Countries like China, India and Japan are marked with rising disposable income and change in preferences & lifestyle. This has also contributed to a surge in consumption of ready to eat meals and packaged foods growing the demand for such packaging. Significant development in electronics industry has had a positive impact on the market. This region is estimated to grow at a good pace during the forecast period. The Asia Pacific region which includes nations like China where the healthcare and the food and beverage industries are the fastest growing industries that comprehensively involve the use of corrugated packages.
The paperboard & paper packaging market in the region is similarly growing with the development of the sector for processed food and the growing demand for paperboard & paper packaging by the machinery and electrical equipment manufacturers and suppliers. Japan is one of the chief manufacturers of paper & paperboard packaging. Japan is the highest per capita consumer of Boxes materials in the world. The rapidly evolving retail trends in the region are leading to increased innovations in the Boxes industry. India is among one of the major manufacturers of paper & paperboard packaging and boxes in the Asia Pacific region. The rising urbanization levels in the region and the growing disposable income level of the population in the nation are boosting the use of non-durable consumer goods, which is in turn leading to the growth of the paperboard & paper packaging market.
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