Paper & Paperboard Packaging Market Top Key Players - ITC Ltd., Cascades Inc., International Paper, WestRock Company, Mondi Group, Nippon Paper Industries Co. Ltd., Georgia-Pacific LLC, Spartan Paperboard Company

 

According to a new report published by xResearch, titled, “Paper & Paperboard Packaging Market 2022- Industry Insights, Trends, Opportunity & Forecast, 2021–2030,” the global paper & paperboard packaging market size is anticipated to witness moderate growth during the forecast period i.e.2022-2030.

                                                   

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The surging awareness regarding sustainability and recyclability of paper and paperboard packaging among the consumers; the rising demand for sustainable and recycled packaging across various end-user industries worldwide; the increasing demand for eco-friendly packaging; the rapid shiftfrom plastic paper & paperboard packaging due to their sustainable nature; the fast-paced expansion of the packaged food industry; the escalating number of stringent regulations against plastic-based packaging products, and the increasing number of environmental issues of landfills and degradation of packaging material are among the major factors contributing to the growth of the global paper & paperboard packaging market.

 

According to application, the food & beverage segment captured the largest share of the global paper & paperboard packaging market in 2021, followed by the personal & homecare segment. The trend is anticipated to remain unchanged during the forecast period of 2022-2030. According to grade, the coated unbleached kraft paperboard (CUK) segment dominated the global paper & paperboard packaging market in 2021. The segment is predicted to maintain its position further in the market during the forecast period of 2022-2030. According to type, the flexible paper segment led the global paper & paperboard packaging market in 2021. The segment is projected to retain its dominance further in the market during the forecast period of 2022-2030.

 

Geographically, the Asia Pacific region acquired the largest share of the global paper & paperboard packaging market in 2021, followed by North America and Europe. The region is estimated to continue with its lead and attain the highest CAGR in the market throughout the forecast period of 2022-2030. Countries such as India, China, Japan, and Australia are among the key contributors to the growth of the market in the region. In North America, the U.S. is the predominant contributor to the growth of the market in the region.

 

Some of the major paper & paperboard packaging companies profiled in the report include ITC Ltd., Cascades Inc., International Paper, WestRock Company, Mondi Group, Nippon Paper Industries Co. Ltd., Georgia-Pacific LLC, Spartan Paperboard Company, Stora Enso Oyj, and Sonoco Products Company.

 

The global paper & paperboard packaging market is segmented into grade, type, application, and region. Based on grade, the market is bifurcated into solid bleached sulfate (SBS), coated unbleached kraft paperboard (CUK), folding boxboard (FBB), white lined chipboard (WLC), glassine & greaseproof paper, label paper, and others. Based on type, it is classified into corrugated box, boxboard, and flexible paper. Based on application, it is classified into food & beverage, healthcare, personal & homecare, and others.

 

The global paper & paperboard packaging market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

 

Key Insights of Paper & Paperboard Packaging Market

·         On the basis of application, the food & beverage segment captured the largest share of the global paper & paperboard packaging market in 2021, followed by the personal & homecare segment. The trend is anticipated to remain unchanged during the forecast period of 2022-2030.

·         On the basis of grade, the coated unbleached kraft paperboard (CUK) segment dominated the global paper & paperboard packaging market in 2021. The segment is predicted to maintain its position further in the market during the forecast period of 2022-2030.

·         On the basis of type, the flexible paper segment led the global paper & paperboard packaging market in 2021. The segment is projected to retain its dominance further in the market during the forecast period of 2022-2030.

·         On the basis of region, the Asia Pacific region acquired the largest share of the global paper & paperboard packaging market in 2021, followed by North America and Europe. The region is estimated to continue with its lead and attain the highest CAGR in the market throughout the forecast period of 2022-2030.

 

 

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About Us:-

xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

                   

 

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