Paper Packaging & Paperboard Packaging Materials Market
The global paper packaging & paperboard packaging materials market is expected to grow at a CAGR of 2.1% from 2023 to 2028. The growth of the market is driven by the increasing demand for paper packaging from the food and beverage, healthcare, and e-commerce industries.
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The key players in the market are
Amcor Ltd., Sonoco Corporation, Tetra PaK, International Paper Company, Evergreen, Sappi Ltd., Packaging Corporation of America, Clearwater Inc., WestRock, Carauster Industries Inc., DS Smith, Mondi Group, and Westrock.
These players are focusing on expanding their product portfolio, investing in research and development, and expanding their production capacity to meet the growing demand for paper packaging materials.
The market is segmented by type into
- containerboard,
- paperboard,
- paper bags,
- and shipping sacks.
Containerboard is the largest segment of the market, accounting for the majority of the market share. This is due to the increasing demand for containerboard from the food and beverage industry.
Paperboard is the second-largest segment of the market, and it is expected to grow at a faster rate than the containerboard segment during the forecast period. This is due to the increasing demand for paperboard from the e-commerce industry.
The market is also segmented by application into
- residential use
- and commercial use.
The commercial use segment is the larger segment of the market, accounting for the majority of the market share. This is due to the increasing demand for paper packaging from the food and beverage, healthcare, and e-commerce industries.
The regional markets for paper packaging & paperboard packaging materials are
- North America,
- Europe,
- Asia-Pacific,
- South America,
- and Middle East & Africa.
North America is the largest market for paper packaging & paperboard packaging materials, followed by Europe and Asia-Pacific. The growth of the market in North America is driven by the increasing demand for paper packaging from the food and beverage industry.
The growth of the market in Europe is driven by the increasing demand for paper packaging from the healthcare industry.
The growth of the market in Asia-Pacific is driven by the increasing demand for paper packaging from the e-commerce industry.
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The key trends in the paper packaging & paperboard packaging materials market are:
- Increasing demand for sustainable packaging
- Increasing demand for customized packaging
- Growing popularity of e-commerce
- Technological advancements in paper packaging
The paper packaging & paperboard packaging materials market is a growing market, and it is expected to continue to grow in the future. The growth of the market is driven by the increasing demand for paper packaging from various industries.
The key players in the market are focusing on expanding their product portfolio, investing in research and development, and expanding their production capacity to meet the growing demand for paper packaging materials.
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