Global Paper & Paperboard Packaging Market is expected to reach US$ XX Bn by 2026 from US$ XX Bn in 2019 at a CAGR of 3.5 % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Paper & Paperboard Packaging Definition:
Paper and paperboard are sheet materials made up of an interlaced network of cellulose fibers. These materials are printable and have physical properties that enable them to be made into flexible and rigid packaging by cutting, creasing, folding, forming, glueing, etc. There are many different types of paper and paperboard. They vary in appearance, strength, and many other properties depending on the types and amount of fiber used and how the fibers are processed in paper and paperboard manufacture.
Global Paper & Paperboard Packaging Market Dynamics:
A wide range of paper and paperboard is used in packaging today from lightweight infusible tissues for tea and coffee bags to heavy-duty boards used in distribution. Paper and paperboard are found wherever products are produced, distributed, marketed and used, and account for about one-third of the total packaging market. Over 40% of all paper and paperboard consumption in Europe is used for packaging and over 50% of the paper and paperboard used for packaging is used by the food industry.
The manufacture of paper had progressed from a laborious manual operation, one sheet at a time, to continuous high-speed production with wood pulp replacing rags as the main raw material. There were also developments in the techniques for printing and converting these materials into packaging containers.
Today, examples of the use of paper and paperboard packaging for food can be found in many places, such as supermarkets, traditional markets, and retail stores, mail order, fast food, dispensing machines, pharmacies, and in hospitals, catering, and leisure situations, which is expected to boost the growth of the Global Paper & Paperboard Packaging Market.
Packaging technologists play a pivotal role in defining packaging needs and cooperating with other specialists to meet those needs in a cost-effective and environmentally sound way. They work with suppliers to keep abreast of innovations in the manufacture of materials and innovations in printing, conversion, and use. They are aware of trends in distribution, retailing, point-of-sale/dispensing, consumer use, disposal options, and all the societal and environmental issues relevant to packaging in general, which is acting as a driving factor to the growth of the Global Paper & Paperboard Packaging Market.
Continuous development of plastic materials has resulted in various advanced plastic materials, which are lightweight, biodegradable, recyclable, and high strength having higher load-bearing capacity than the honeycomb paper boards. The superiority in the strength of plastics is expected to hamper the growth of the Global Paper & Paperboard Packaging Market.
Global Paper & Paperboard Packaging Market Segment Analysis:
The report groups the Global Paper & Paperboard Packaging Market in different segments by Type, End-Use, and region to forecast the revenues and analyze the market share of each segment over the forecast period.
Global Paper & Paperboard Packaging Market
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Based on End Use, the Global Paper & Paperboard Packaging Market is segmented into Consumer Durables, Automotive, Chemicals, Construction, Pharmaceuticals, Food & Beverage, Transportation & Logistics, and Others. The Food & Beverage segment was dominant in 2019 and is expected to command a market share of xx% by 2026. The use of Paper Board is largely done for the packaging of the food and beverage materials. As the proper handling during
transportation of these materials is very important the use of Paper & Paperboard Packaging is done.
Based on Type, the Global Paper & Paperboard Packaging Market is segmented into Corrugated box, Boxboard, and Flexible Box Board. According to the end-user requirement, the use of the various types is done. The use of corrugated for display/promotional packs, POPs, and dispensers is becoming popular. Increasing demand for safe and cushioned packaging of the product will augment the growth of the Corrugated box market.
Global Paper & Paperboard Packaging Market Regional Insights:
The Asia Pacific is expected to command the largest market share of xx% by 2026
According to tradition, a paper was first made in China around the year AD 105 using fibers such as cotton and flax. The increase in demand for paper board packaging in the region is due to rapid industrialization, environmental sustainability, and cost-benefit associated with corrugated packaging. The growth of E-commerce in China and India has boosted the demand for honeycomb paper board packaging materials in recent years.
Also, with various new international e-commerce players entering the developing markets, the demand from the e-commerce sector is expected to increase further during the forecast period. India is ranked 15th in the world for its paper and paperboard consumption and is expected to improve its rank in the forecast period.
The objective of the report is to present a comprehensive analysis of the Global Paper & Paperboard Packaging Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Paper & Paperboard Packaging Market dynamics, structure by analyzing the market segments and projects the Global Paper & Paperboard Packaging Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Paper & Paperboard Packaging Market make the report investor’s guide.
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Global Paper & Paperboard Packaging Market
Global Paper & Paperboard Packaging Market Key Players:
• Honicel (Netherlands)
• Euro-Composites (Luxembourg)
• Hexcel Corporation (US)
• Argosy International (US),
• Grigeo AB (Lithuania)
• Plascore (US)
• Tubus Baer GmbH (Germany)
• Corinth. (Netherlands)
• Axxion (Netherlands)
• Ten Cate (Netherlands)
• The Gill Corporation (US)
• Samia Canada (US)
• Corex Honeycomb (UK)
• Lsquare Eco-Products Pvt. Ltd.
• Safe Corrugated Containers Pvt. Ltd.
• Yoj Pack Kraft
• Packaging Corporation of America
• Honeycomb Cellpack A/S
• Premier Packaging Products
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