LONDON--(BUSINESS WIRE)--The global paper and paperboard container and packaging market size is poised to reach USD 84.54 billion by 2023, according to a new report by Technavio, progressing at a CAGR of 5% during the forecast period.
Read the 156-page research report with TOC on " Paper and Paperboard Container and Packaging Market Analysis Report by product (paperbags and sacks, corrugated containers and packaging, folding boxes and cases, others), by end-user (food and beverage industry, industrial products industry, healthcare industry, other industry) and geographical regions (APAC, Europe, North America, South America, and MEA) 2019 - 2023" Request Free Sample Pages
The market is driven by the environmental benefits associated with paper and paperboard containers. In addition, the rising demand from e-commerce industry is anticipated to further boost the paperboard container and packaging market during the forecast period.
Currently, paper and paperboard containers are biodegradable and are more sustainable than plastic, making them more acceptable to consumers. Some factors that make paper and paperboard containers environment friendly are that they are recyclable, reusable, save energy, and conserve natural resources. Thus, the environmental benefits associated with paper and paperboard containers will increase the adoption of such products by enterprises in several industries, such as retail, which will drive the growth of the global paper and paperboard container and packaging market during the forecast period.
Furthermore, the growth of the e-commerce industry has a direct impact on the paper and paperboard container and packaging industry. Packaging plays a major role in the first impression that consumers have of brands. Therefore, most brands try to differentiate themselves by offering various types of packaging, such as paper and paperboard containers and specialized corrugated containers. Thus, the growth of the e-commerce industry will increase the demand for paper and paperboard container and packaging, which will drive the growth of the market during the forecast period.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- Amcor Plc
- DS Smith Plc
- Georgia-Pacific LLC
- International Paper Co.
- Mondi Group
- Nippon Paper Industries Co. Ltd.
- Packaging Corp. of America
- Smurfit Kappa Group Plc
- Tetra Pak International SA
- WestRock Co.
Market Segmentation by Category and Product Types:
The Paper and Paperboard Container and Packaging market can be broadly categorized into the following product segments:
- Paper bags and sacks
- Corrugated containers and packaging
- Folding boxes and cases
Key Regions for the Paper and Paperboard Container and Packaging Market:
Featuring a breakdown of region wise market shares until 2019.
- North America
- South America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
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