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The global paper packaging market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 4% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Paper packaging refers to various rigid and flexible packaging materials, including corrugated boxes, liquid paperboard cartons, paper bags & sacks, folding boxes & cases, inserts & dividers, etc. They are manufactured by bleaching fibrous compounds obtained from wood and recycled wastepaper pulp. Paper packaging materials are usually highly versatile, customizable, lightweight, durable and recyclable. They are available in a wide variety of colors, shapes and sizes to meet the individual requirement of the customers. Owing to this, they find extensive applications across retail, food and beverage, cosmetic and healthcare industries.
The growing retail and e-commerce industries, along with the growing demand for environment-friendly packaging products, currently represent as the key factors driving the growth of the market. With the rapid increase in the number of online shopping platforms, the requirement for secondary and tertiary paper packaging products has escalated significantly. Furthermore, increasing consciousness among consumers regarding sustainable packaging and the implementation of favourable government policies are providing a boost to the market growth. Governments of various developed and emerging nations are promoting the usage of paper-based products as an alternative to plastic for minimizing pollution and toxin levels in the environment. Additionally, the rapidly growing food and beverages industry across the globe is acting as another growth-inducing factor. Food manufacturing organizations are adopting food-grade paper packaging products to retain the nutrient content and maintain the quality of the food contents. Other factors, including various product innovations to enhance the efficiency of the product and to produce visually appealing variants are projected to drive the paper packaging market growth in the upcoming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global paper packaging market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product type, grade, packaging level, and end use industry.
Breakup by Product Type:
Breakup by Grade:
Breakup by Packaging Level:
Breakup by End-Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being Amcor, DS Smith, Evergreen Group, Holmen, Hood Packaging Corporation, Huhtamäki, International Paper Company, Kapstone LLC, Mayr-Melnhof, Mondi Group, Pratt Industries, WestRock Inc., etc.
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