LONDON--(BUSINESS WIRE)--Technavio estimates the global paper and paperboard container and packaging market to grow by USD 102.51 billion, progressing at a CAGR of almost 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The market is driven by rising demand from e-commerce industry. However, the chances of contamination with recycled paperboard might challenge growth.
Paper and Paperboard Container and Packaging Market: Product Landscape
Based on the product, the market saw maximum growth in the paper bags and sacks segment in 2019. The segment is driven by the extensive use of paper bags and sacks in food and beverages and construction industries. The market growth in the segment will be significant over the forecast period.
Paper and Paperboard Container and Packaging Market: Geography Landscape
40% of the market’s growth originated from APAC in 2019. Factors such as expanding population and increasing urbanization across developing countries are fueling the growth of the paper and paperboard container and packaging market in APAC.
China, Japan, and South Korea (Republic of Korea) are the key markets for paper and paperboard container and packaging in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Major Three Paper and Paperboard Container and Packaging Market Vendors:
Amcor Plc operates its business through segments such as Flexibles and Rigid Packaging. The company offers products such as BBBLux, Banderole, Charta, Viva, and Expeco.
DS Smith Plc
DS Smith Plc offers corrugated packaging for retail, shelf-ready packaging, consumer packaging, transit and transport packaging, online and e-retail packaging, and industrial packaging.
Georgia-Pacific LLC operates its business through segments such as Consumer Products, GP Building & Construction, GP PRO, GP Cellulose, GP Nonwovens, GP Packaging, and Georgia-Pacific Recycling. The company offers a variety of grades of performance linerboards and corrugating medium. It also offers white top linerboard products.
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Related Reports on Materials Include:
Global Paper Chemicals Market – Global paper chemicals market is segmented by type (bleaching chemicals, pulping agents, sizing agents, binders, and others) and geography (APAC, Europe, MEA, North America, and South America). Get a free sample report to know more
Global Specialty Paper Market – Global specialty paper market is segmented by application (packaging and labeling, printing and writing, industrial, construction, and others), raw material (hardwood, and softwood), and geography (APAC, Europe, MEA, North America, and South America). Get a free sample report to know more
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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