Market Study Report recently released report titled Global Paper and Paperboard Packaging Market Report is an in-depth study providing complete analysis of the industry for the period 2018 – 2026. It provides complete overview of Global Paper and Paperboard Packaging Market considering all the major industry trends, market dynamics and competitive scenario.
Asia-Pacific generated the highest Paper and Paperboard Packaging market share in terms of revenue in 2018 and is expected to lead the global Paper and Paperboard Packaging market throughout the forecast period. The growing population, rising disposable incomes, and a transition from traditional markets to the purchasing of packaged consumerist goods, especially in the food segment has accelerated the adoption of Paper and Paperboard Packaging market growth in the region. The food and beverage, and food delivery industry is on a significant rise in the region. The specialized and on-demand O2O (online to offline) delivery market is generating numerous opportunities for the Paper and Paperboard Packaging industry.
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The global Paper and Paperboard Packaging Market is anticipated to reach $413 billion by 2026 according to a new research. In 2018, the food and beverage segment accounted for the highest Paper and Paperboard Packaging market share in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global Paper and Paperboard Packaging market revenue in 2018.
Paper packaging plays a critical role in food and beverage industry for containing, protecting, and preserving food products. Paper packaging provides a simple and economical method for packaging of food products, while also providing product information, and influencing the sale, consumption, use and disposal of products. In April 2018, Tetra Pak launched Tetra Pak Artistry, a new range of new packaging material effects for food and beverage producers. The effects include Tetra Pak Reflect for incorporating holographic effects onto the package, Tetra Pak Metallized for creating a metallic effect, and Tetra Pak Craft for providing the package with a natural look of bare paperboard with wood fibers. The use of these effects enables brands to attract shoppers attention without switching to a new packaging format or investing in new equipment.
The well-known companies profiled in the Paper and Paperboard Packaging report include International Paper Company, Nippon Paper Group Inc., DS Smith Plc, Mondi Group, Georgia-Pacific Corporation, Amcor Limited, WestRock Company, Clearwater Paper Corporation, ITC Limited, Tetra Pak. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
The growth in e-commerce, driven by growing broadband internet penetration, use of smartphones and an increasing proportion of technologically inclined consumers would further support the growth of the Paper and Paperboard Packaging market. Increasing demand for sustainable packaging solutions and stringent regulations against use of non-biodegradable packaging materials boosts the Paper and Paperboard Packaging market growth. The growing retail industry, modern retail practices, growing initiatives taken by retailers to improve in-store and distribution efficiencies would increase the trend of Retail-ready packaging during the forecast period.
Global Paper and Paperboard Packaging market on the basis of Type, Grade, End-User and region:
Paper and Paperboard Packaging Market Size and Forecast, By Type
· Carton board
· Flexible Paper
Paper and Paperboard Packaging Market Share and Forecast, By Grade
· Unbleached Kraft Paperboard
· Bleached Paperboard
· Recycled Paperboard
Paper and Paperboard Packaging Market Share and Forecast, By End-User
· Food and Beverage
· Consumer Goods
More Details on this Report At: https://www.marketstudyreport.com/reports/paper-and-paperboard-packaging-market-by-type-containerboard-cartonboard-flexible-paper-others-by-grade-unbleached-kraft-paperboard-bleached-paperboard-recycled-paperboard-others-by-end-user-food-and-beverage-healthcare-retail-consumer-goods-others-by-regions-market-size-forecast-2018-2026