The paper packaging material is used in diverse industries such as food processing sectors, recreational foods, personal care products like cosmetics and hygiene, pharmaceuticals, salt, paper, spices and food & beverages. Paper is made up of renewable material or wood which makes paper packaging 100% recyclable and environment-friendly.
The paper packaging material market mainly is driven by the rising demand for paper packaging from different industries like food and beverages, pharmaceutical, automotive, consumer electronics etc. Escalating awareness of ecological issues around the world helps to expand the exposure of paper packaging market globally. The rapid growth of fast food and frozen food chains in emerging economies is another key factor to drive this market. However, some issues faced by manufacturers like deforestation is expected to hamper the growth of paper packaging industry.
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The paper packaging material market is categorized on the basis of region application and product. On the basis of product segment, market is segmented as corrugated cases, carton & folding boxes, liquid packaging cartons, and others. Liquid packaging cartons dominated the paper packaging material market in 2015 in terms of volume.
The report covers a comprehensive view on the paper packaging material market, in which we have incorporated a detailed company market share analysis, and product portfolio of the major industry players. To identify with the competitive landscape in the market, an analysis of Porter’s Five Forces model for the paper packaging material market has been incorporated. The study encircles a market attractiveness analysis, wherein product and application are benchmarked based on their market size, growth rate and general attractiveness. Key application covered in this report includes the use of this paper packaging material in beverages, fast foods, fresh foods, dairy & bakery, frozen foods and others.
The segments covered in this study have been analyzed based on historic, current, and future trends, and this market has been estimated from 2016 to 2021 in terms of volume (million tons) and revenue (USD million).
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Major regional segments analyzed in this report contain Asia Pacific, Latin America, Europe, North America, and Middle East & Africa. Paper packaging material market was dominated by Asia Pacific in 2015 and is expected to have consistent growth in coming years due to increasing population coupled with rising disposable income in the region.
Some of the key players for global paper packaging material market includes DS Smith PLC, Georgia-Pacific Corporation, Holmen AB, International Paper Company, MeadWestvaco Corporation, Hood Packaging Corporation, OJI Holding Corporation, Smurfit Kappa Group Plc, The Mayr-Melnhof Group and Stora Enso Oyj.
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