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(Medical-NewsWire.com, July 20, 2024 ) InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Paper and Paperboard Packaging Market Size, Share & Trends Analysis Report By Grade (Solid Breached Sulfate, Coated Unbleached Kraft Paperboard, Folding Boxboard, White Lined Chipboard, Glassine & Greaseproof Paper, Label Paper), Type (Corrugated Box, Boxboard, Flexible Paper), Application(Food, Beverage, Healthcare, Personal & Healthcare, Others)- Market Outlook And Industry Analysis 2031"
Download Free Demo Report: https://www.insightaceanalytic.com/request-sample/1703
Paper and paperboard packaging, made from wood pulp or layered paper, is prized across diverse industries for its strength, versatility, and eco-friendly attributes. It effectively safeguards products during transport and storage with its robust yet lightweight composition. Its superior printability makes it an ideal choice for branding and labeling, enhancing its appeal in sectors such as food and beverages, personal care, healthcare, and consumer goods.
A key driver of the global paper and paperboard packaging market's growth is its sustainability. Biodegradable and recyclable, it offers a more environmentally friendly option compared to plastic, metal, and glass alternatives. This aligns with increasing consumer and regulatory emphasis on sustainable packaging solutions. Moreover, its cost-effectiveness appeals to businesses seeking efficient packaging solutions that also support their environmental goals.
List of Prominent Players in the Paper and Paperboard Packaging Market:
Amcor Plc
Atlantic Packaging
Cascades Inc.
Clearwater Paper Corporation
DS Smith Plc.
Fedrigoni S.P.A.
Georgia-Pacific
International Paper Company
ITC Limited
Mayr-Melnhof Karton AG
Metsa Group
Mondi Group
Nippon Paper Industries Co. Ltd.
Oji Holdings Corporation
Packaging Corporation of America
Rengo Co., Ltd.
Shandong Bohui Paper Company Ltd.
Smurfit Kappa Group Plc.
Sonoco
South Africa Pulp and Paper Industries Ltd.
Stora enso Oyj
Svenska Cellulosa Aktibolaget
UPM
Westrock Company
Market Dynamics:
Drivers-
The paper and paperboard packaging market are increasing driven by key factors. The booming e-commerce industry is increasing demand for corrugated packaging due to its cost-effectiveness and sustainability, with a shift away from plastic. Global consumption of packaged food is also rising, boosting the need for robust and recyclable paper packaging solutions. Additionally, growth in the electrical and electronics sector is expanding opportunities for compact-sized product packaging. Heightened consumer awareness and regulatory pressures against single-use plastics further reinforce the market's shift towards eco-friendly paper-based alternatives.
Challenges:
Manufacturers of paper packaging face significant competition from plastics, which excel in durability, moisture resistance, and shelf life extension. This necessitates continuous innovation in paper-based packaging to match these attributes. Balancing packaging performance with sustainability is crucial, especially in protecting sensitive products and ensuring a longer shelf life while minimizing environmental impact. Reducing greenhouse gas emissions and managing environmental footprints during production and recycling processes remain key challenges for enhancing the overall sustainability of paper packaging solutions.
Regional Trends:
Rapid economic growth and the expanding middle class in emerging economies such as China and India are driving increased consumption of packaged goods, leading to growing demand for paper and paperboard packaging in the Asia-Pacific region. There is a notable shift towards sustainable packaging solutions driven by consumer preferences and government regulations aimed at reducing single-use plastics. This trend is accelerating the adoption of eco-friendly and recyclable paper-based packaging options. Furthermore, the booming e-commerce sector is a major catalyst for paper and paperboard packaging demand, with widespread use of corrugated boxes for shipping and storage. The robust growth of key industries like food & beverage, personal care, and consumer goods further contributes to the escalating need for paper packaging across various applications in Asia-Pacific.
Curious about this latest version of the report? @ https://www.insightaceanalytic.com/enquiry-before-buying/1703
Recent Developments:
In April 2024, The acquisition of DS Smith by International Paper, valued at around $9.9 billion, marks a significant milestone in the packaging industry, forming a global leader in sustainable packaging solutions.
In Feb 2024, Graphic Packaging Holding Company (Graphic Packaging) and Clearwater Paper Corporation (Clearwater Paper) have reached a definitive agreement where Graphic Packaging will sell its Augusta, Georgia bleached paperboard manufacturing facility to Clearwater Paper. The transaction is valued at approximately $700 million, reflecting an Adjusted EBITDA of around $100 million.
In Nov 2023, Rengo Co., Ltd. has acquired a 30% stake in Velvin Containers Private Limited, an Indian corrugated packaging manufacturer. Following Rengo's equity investment, the company will be rebranded as Velvin Rengo Containers Private Limited.
Segmentation of Paper and Paperboard Packaging Market-
By Grade:
Solid Breached Sulfate
Coated Unbleached Kraft Paperboard
Folding Boxboard
White Lined Chipboard
Glassine & Greaseproof Paper
Label Paper
Others
By Type:
Corrugated box
Box board
Flexible paper
By Application:
Food
Beverage
Healthcare
Personal & Healthcare
Others
By Region-
North America-
The US
Canada
Mexico
Europe-
Germany
The UK
France
Italy
Spain
Rest of Europe
Asia-Pacific-
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America-
Brazil
Argentina
Rest of Latin America
Middle East & Africa-
GCC Countries
South Africa
Rest of Middle East and Africa
For More Customization @ https://www.insightaceanalytic.com/customisation/1703
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Insight Ace Analytics
Diana Dsouza
+8884144123
diana.dsouza@insightaceanalytics.com
Source: EmailWire.Com 
Source: EmailWire.com
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