PUBLISHER: Value Market Research | PRODUCT CODE: 1547662
PUBLISHER: Value Market Research | PRODUCT CODE: 1547662
The global demand for Paper and Paperboard Packaging Market is presumed to reach the market size of nearly USD 460.29 Billion by 2032 from USD 414.54 Billion in 2023 with a CAGR of 1.17% under the study period 2024-2032.
'Paper and Paperboard Packaging are highly sustainable, renewable, and recyclable packaging materials. They are made of fibrous material obtained from fresh sources (e.g., wood) or recycled wastepaper. These fibers are turned into pulp and then bleached to create one or more layers of the board. The thick paper or board is then coated for a better surface, improved appearance, printed with brand-enhancing graphics, and cut/folded into unique structures. Paper and Paperboard are quite commonly used for packaging food and beverages, personal care products, and electronics. They can also be used for high-quality graphic printing, such as book and magazine cover or postcards, and in fine arts for creating sculptures. Different grades of paperboard based on the surface treatment, the main furnish, and the color or bulk are available.
The rising demand for eco-friendly packaging materials from various end-use industries will be the primary trend for this market's growth. The several advantages offered by this packaging material like lightweight, biodegradability, sustainability, low cost, printability, recyclability, and the endless possibilities for creating unique, eye-catching packaging designs will significantly benefit this market. The emerging e-commerce sector and the high prevalence of delivery-on-demand services will boost this market considerably. Growing awareness among modern-day consumers regarding plastic's harmful effects as a packaging material will be a market booster. The main challenge associated with this market is the procurement of raw materials.'
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Paper and Paperboard Packaging. The growth and trends of Paper and Paperboard Packaging industry provide a holistic approach to this study.
This section of the Paper and Paperboard Packaging market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Paper and Paperboard Packaging market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Paper and Paperboard Packaging market include International Paper Company, Eastern Pak Limited, Mondi Group, Smurfit Kappa Group, DS Smith PLC, WestRock Company, Packaging Corporation Of America, Cascades Inc., Nippon Paper Industries Ltd, Sonoco Products Company. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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