March 30, 2022 09:52 ET | Source: PMI PMI
Covina, March 30, 2022 (GLOBE NEWSWIRE) -- Global Paper and Paperboard Packaging Market accounted for US$ 215.34 billion in 2020 and is estimated to be US$ 298.3 billion by 2030 and is anticipated to register a CAGR of 3.3%. Paper and paperboard are created from pulp that comes from both wood and non-wood sources including straw and bamboo. Wood pulp is widely available and, as a result of paper recycling, is continuously rising. Because of its continuous nature and low price of wood pulp, paper and paperboard packaging is an attractive form of packaging for end-use commerce. Aside from the fact that a paperboard is thicker than paper, there is no discernible difference. A single-layer or multi-layer paperboard can be used.
The report " Global Paper & Paperboard Market, By Type (Paperboard, Corrugated board, Container board, Box board, Kraft Paperboard and Flexible Paper Packaging), By Grade (Folding box board, Glassine and Greaseproof paper, White line chipboard, Solid bleached sulphate, Label paper, Coated unbleached, Kraft paperboard and Others), By Application (Homecare, Food and Beverage, Healthcare, Personal care, Retail and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030”
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The market for paper and paperboard packaging is quickly growing and is likely to do so for the foreseeable future. The ongoing growth of online shopping, owing to faster delivery, better return policies, and free shipping, is fueling the overall expansion of the paper & paperboard packaging industry. People are choosing eco-friendly packaging solutions as their environmental awareness and concerns rise, which has an impact on the paper and paperboard business. One of the major benefits of paper and paperboard packaging is that it is easily recyclable; this feature is predicted to enhance demand in the coming years.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Paper & Paperboard Market, By Type (Paperboard, Corrugated board, Container board, Box board, Kraft Paperboard and Flexible Paper Packaging), By Grade (Folding box board, Glassine and Greaseproof paper, White line chipboard, Solid bleached sulphate, Label paper, Coated unbleached, Kraft paperboard and Others), By Application (Homecare, Food and Beverage, Healthcare, Personal care, Retail and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030”
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Key Market Insights from the report:
Global Paper and Paperboard Packaging Market accounted for US$ 215.3 billion in 2020 and is estimated to be US$ 298.3 billion by 2030 and is anticipated to register a CAGR of 3.3%. The Global Paper and Paperboard Packaging Market is segmented based on the type, grade, application, and region.
The key players operating in the global Paper and Paperboard Packaging Market includes DS Smith Plc., Amcor Ltd., Cascades Inc., Clearwater Paper Corporation, Packaging Corporation of America, Mondi Group, ITC Ltd., Metsa Group, RockTenn Company, Nippon Paper Industries Co. Ltd, RockTenn Company, Svenska Cellulosa Aktiebolaget, Stora Enso Oyj, International Paper Company, and Sappi Limited, Smurfit Kappa Group plc, and Others.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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