Global Paper Packaging Materials Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Global Paper Packaging Materials Market Overview:

“The global Paper Packaging Materials Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Paper is commonly used material for packaging as compared to other packaging materials. Craft paper, glassine paper, and poster paper are some types of papers used in packaging. Paper is an eco-friendly option as it does less damage to the environment. Raw materials such as pulp, paper, timber, and other forest and recycled products are some of the raw materials used in paper packaging.

On the basis of product, the liquid packaging cartons segment is estimated to hold major revenue share in the global paper packaging materials market and is expected to maintain its dominance over the forecast period. Liquid cartons are used for applications such as frozen food, fresh foods, and beverages. Growing demand for beverages and other application is anticipated to drive segment growth over the forecast period.

On the basis of application, the beverages segment is estimated to hold major revenue share in the global paper packaging materials market on account of increase in consumption of alcoholic beverages, sports & energy drinks, and fruit & vegetable juices in developing and developed economies, which is expected to boost the segment growth over the forecast period.

Asia Pacific market is estimated to hold major revenue share in the global paper packaging materials market, in 2017 and is expected to maintain its dominance over the forecast period. Growing packaging industry in the region is expected to be a major factor driving market growth. Asia Pacific accounts for largest revenue share contribution of the target market, followed by markets in North America, Europe, Latin America, and the Middle East & Africa respectively. Moreover, increasing demand for frozen food such as fish and seafood, soup, fruits and vegetables, and meat owing to growing disposable income of people in the region is expected to propel market growth in next ten years. Growing awareness regarding ecological issues is anticipated to augment market growth.

Market segmentation and key players operating in the global paper packaging materials market:

By material:

• Liquid packaging cartons
• Corrugated cases
• Carton & folding boxes
• Others (bags)

By application:

• Beverages
• Fresh foods
• Fast food
• Frozen food
• Pet Food
• Others (pharmaceuticals and cosmetics)

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa