Paper Packaging Market to Reach $228.3 Billion This Year

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The global value of the paper packaging market is $228.3 billion in 2010, according to a new Visiongain report just released by MarketResearch.com, Rockville, Md., USA, titled "The Paper Packaging Market 2010-2020." Growth is expected to accelerate for the period of 2010-2020, mainly driven by the Asian region, especially emerging nations, including China and India. Both India and China are expected to be key contributors in the industry's growth over the next few years. There is also optimism that the overall paper packaging sector in China, India, and Brazil will see expansion by the end of 2011, the report says.

Dynamic growth, burgeoning food processing sectors, and an increased presence of multinational players will support the boost. Moreover, rising demand for eco-friendly, disposable, and recyclable packaging options are likely to further strengthen the market growth.

As the global paper packaging market undergoes regional shifts and technological changes, the future of the industry will look very different, leading to growth opportunities, the new report exp[lains. Moreover, the industry is likely to experience several revolutions and reformations, as new products and processes will be introduced to the world market, along with improved grades of paper packaging. These business opportunities are described in detail within the report.

The report surveys recent market trends among major companies and reveals where the market will experience growth, laying out the market's strengths and weaknesses with targeted forecasts.