5th January 2020 – Global Paper
Packaging Materials Market Research Report Presents Intellect by
Leading Players, Type, Applications, Distribution Channel, Consumption, Revenue
(Mn/Bn USD) and Region –Forecast to 2022.
The global Paper Packaging Materials
Market size is expected to reach USD 391.17 billion by 2022. The paper
packaging materials industry is subject to witness a substantial growth due to
the increasing demand from various manufacturing industries across the globe.
Paper packaging solutions are largely utilized in various manufacturing and
retail applications. Increasing adoption of the paper packaging materials is
credited to their lightweight and eco-friendly nature, thus rocketing the
demand of paper packaging materials market, in recent years.
Additionally, paper-packaging solutions
are considered as recycled for multiple use due to their flexibility. These
factors are responsible for the increasing demand of the paper packaging
materials in packaging sector. Other factors such as ease to use, simple
operation and cost-effectiveness are complementing market growth, in recent
years. Paper packaging solutions are biodegradable, thus limiting environmental
hazards. Paper packaging materials are ideal substitute for plastics in
packaging & manufacturing sector. These factors are largely influencing
growth of the paper packaging materials industry, thus creating lucrative
opportunities for industry players during this period.
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Base materials used for paper packaging
include the cardboards, Kraft paper, cartridge paper and recyclable papers.
Some of the common types of the paper packaging materials include tetra packs,
cartons, folding papers, paper sacks, and corrugated cases. Use of the paper
packaging materials varies as per the application. Various application of the
paper packaging include the fast food chains, fresh food delivery services,
dairy & bakery industry, frozen foods, animal feed, cosmetics and
pharmaceuticals industries.
Paper packaging materials are easily
recycled due to its variable properties, replacing metal and plastic in
manufacturing sector. Paper packaging materials are lightweight, economical and
eco-friendly in nature. Paper packaging has shown substantial growth in the
Asia-Pacific region due to numerous governmental laws and regulation, thus
prompting use of the paper & paperboard over plastic.
Furthermore, increasing consumer
awareness about environmental hazards with excessive use of plastic and
complete ban on the use of the lightweight plastic materials in few countries
are expected to amplify market growth over the forecast period. Improved
financial condition and growing concerns regarding environmental hazards among
BRICs nations are anticipated to escalate market value of paper packaging
materials market in the near future.
Moreover, easy availability of paper due
to its natural abundance serves as a critical factor for sustained market
growth. However, factors such as stringent the rules and regulations by local
governments all across the globe against deforestation regulations is predicted
to negatively influence marker progress. Yet, latest trends including shift
from rigid packaging to flexible packaging solutions, and the complete ban on
lightweight plastic bags are driving the market growth at present.
Paper packaging materials are
manufactured from cellulose fibers; these cellulose fibers are derived from
trees. Various additives are added to form a consistent matted mixture. Various
on and off-line techniques are implemented for manufacturing of fibrous
substrates that are used in paper packaging, later on converting them into
suitable packaging components. Some of these widely popular components include
wrapping products, bags, sacks, boxes, containers, caps & closure, molded
fiber packaging materials, and backing cards, thus providing wide variety in
number industrial applications.
The paper packaging materials industry
is divided by region such as North America, Europe, Asia-Pacific, Latin America
and Africa. North America has shown major growth in recent years owing to the
growing demand form from various manufacturing industries, strict government
laws & regulations to promote environment friendly packaging solutions, and
existence of well-established manufacturing sector in the region.
Asia-Pacific region is predicted to hold
major market share in the paper packaging materials market with massive growth
in forecast period. Countries such as India, China and Singapore are leading
the Asia-Pacific market with rapid industrialization, ever-growing population,
rising number of manufacturing units, and substantial investment by leading
industry players considering potential opportunities in the region.
The key players in the paper packaging
materials industry are International Paper Co., Smurfit Kappa Group Plc., OJI
Holding Co., Stora EnsoOyj, Hood Packaging Co., Georgia Pacific Co.,
MeadWestvaco, Inc., and DS Smith Plc.
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