Harrisburg, NC -- (SBWire) -- 10/28/2020 --Global Paper Packaging Market Research Report published by market insight reports explores the current outlook in Global and key regions from the perspective of Major Players, Countries, Product types and end industries. This report analyzes top players in the Global market, and divides the Market into several parameters.

This Paper Packaging Market research report identifies the competitive landscape of industries to understand the competition at International level. This report study describes the projected growth of the Global market for approaching years from 2019 to 2025. This research report has been aggregated on the basis of static and dynamic aspects of the businesses.

The paper packaging market was valued at USD 69.91billion in 2019, and is anticipated to reach USD 88.73 billion by 2025, registering a CAGR of 4.1% during the forecast period of 2020-2025. Paper packaging is a versatile and cost-efficient method to protect, preserve, and transport a wide range of products. In addition, it can be customized to meet the customers' needs or product-specific needs. The attributes, like lightweight, biodegradability, and recyclability, are the advantages of paper packaging that make it an essential component for packaging.

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The prominent players in the Global Paper Packaging Market:

WestRock, International Paper Company, Amcor Ltd, Mondi Group, DS Smith and Others.

- April 2019 - Amcor launched Amite Ultra Recyclable, its first packaging product made from the company's revolutionary and more sustainable high-barrier polyolefin film. It can reduce a packs carbon footprint by about 64%.

Key Market Trends: -

Food and Beverages to Account for a Significant Portion of the Paper Packaging Market

- A fierce competition exists between the quality-product providers in the food market. Due to these parameters, manufacturers in the food market are continuously making and delivering high-quality products.
- The increase in the number of hypermarkets and supermarkets is expected to be one of the key factors driving the growth of the paper and paperboard containers and packaging market over the coming years. Besides, the increasing sales of paperboard-based products, the demand for super trays for vegetables and fresh fruits in the hypermarket contribute to the matket growth.
- A rapidly expanding organized-retail sector has led to an augmented demand for food and beverages and other consumer care products. Most retail stores use packaging materials not only to preserve food but also to retain the nutritional value of food. An increasing number of consumers are purchasing grocery items, including frozen and chilled foods, which, in turn, is expected to drive the growth of the paper packaging market.
- The food manufacturing companies have become cautious and are making extra efforts in the packaging of products. Various ranges of packaging materials in the market are available to fulfill various packaging needs, like corrugated boxes and cardboard boxes.

Asia-Pacific to Contribute Significantly to the Market Growth

- The increasing number of manufacturing plants all over the region, combined with the growing consumerism and transit packaging sector in the Asia Pacific, is contributing to the growth of the paper packaging market. Among the countries of Asia-Pacific, China occupied the largest market share and India is estimated to be the fastest growing market over the forecast period.
- The Indian pharmaceutical manufacturing market is of immense importance as it facilities the manufacturing of generic drugs in India, in a cost-effective manner to stay competitive in the market. This factor is making the pharmaceutical companies, across the world, to choose India as their manufacturing destination.
- Even the Government of India is taking steps to provide incentives in the form of soft loans for the up gradation of Schedule M facilities to WHO GMP compliant units, which leads to additional 1000 units certified as WHO GMP compliant, further boosting the packaging of cartons and folding boxes, thus, driving the market for paper packaging.
- Corrugated boxes segment is expected to dominate the APAC paper packaging market, owing to the escalating rate of exports and the developing logistics sector of the country.
- Strong growth in sectors, like fast-moving consumer goods (FMCG) and cosmetics, due to the fast-growing middle-class population along with organized retailing, is expected to spur the demand for paper packaging in the region.

Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Paper Packaging Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Paper Packaging Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth

Browse in-depth and report summary TOC on "Paper Packaging Market":

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Finally, the Paper Packaging market report offers a complete and detailed study of Global Paper Packaging market by using numerous analytical tools and models such as SWOT analysis, investment return analysis, and porter's five forces analysis which are useful for beginners to access the upcoming opportunities. After exploring the market insights through primary and secondary research methodologies, if anything is required except than this, market insight reports will provide customization as per specific demands.

Note: - All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.