Paper and Paperboard Packaging Market Trends

Paper and Paperboard Packaging Market Trends Overview

Paperboard packaging is a material with thick paper base. The end product is then used for packing and wrapping products. The Paper and Paperboard Packaging Market Trends is expected to gain 6% CAGR during the forecast period (2017-2023). Market Research Future (MRFR) claims in their report that the paper & paperboard packaging market can gain much acceptance owing to rise in demand for sustainable and bio-friendly packaging.

Factors that can impact the global paper and paperboard packaging market are the growing demand for eco-friendly options to reduce the adverse impacts of plastic on the earth.

Competitive Landscape

ITC Ltd. (India)

Amcor Ltd. (Australia)

RockTenn Company (U.S.)

Cascades Inc. (Canada)

Packaging Corporation of America (U.S.)

Clearwater Paper Corporation (U.S.)

Mondi Group (South Africa)

Metsa Group (Finland)

DS Smith Plc. (U.K.)

Georgia-Pacific LLC (U.S.)

Sonoco Products Company (U.S.)

Nippon Paper Industries Co., Ltd. (Japan)

Stora Enso Oyj (Finland)

Spartan Paperboard Company (U.S.)

Colbert Packaging (U.S.)

Industry News

Tetra Pak, in 2018, declared that they would spend USD 115 million to improve their packaging by developing several fields of their waste management plans. 71% of their packaging material is paperboard, which would experience significant impact owing to this huge investment.

Japan, on the other hand, is shifting towards paper and packaging board. The country is willing to comply with the recent public outcry against the usage of plastic. 

Segmentation

MRFR segmented the global Paper and Paperboard Packaging Market Trends by type, grade, and application in their latest report for a closer inspection of trends and factors driving the market ahead.

Based on the type, the paper & paperboard packaging market includes corrugated boxes, boxboard, and paper bags. The paper bags had the maximum market share in 2016. Several types of this segment are available like multi-wall paper over poly, sewn open mouth bags, pasted valve bags, and pinch bottom open mouth bags.

Based on the grade, the paper & paperboard packaging market encompasses white line chipboard, folding boxboard, solid bleached sulfate, coated unbleached kraft board, and others.

Based on the application, the paper & paperboard packaging market includes personal care, healthcare, food & beverages, electronics, and others. The food & beverage had the maximum market coverage during the 2016.

Access Full Report With TOC @ https://www.marketresearchfuture.com/reports/paper-paperboard-packaging-market-1894

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sagar Joined: January 20th, 2020