Paper, Paperboard Packaging Market Worth $213.4 Billion by 2020

 

The report Paper Packaging & Paperboard Packaging Market by Grade (SBS, CUK, FBB, WLC, Glassine & Greaseproof, Label Paper), Application (Food, Beverages, Healthcare, Personal & Homecare), & by Type (Corrugated Box, Boxboard, Flexible Paper) - Trends & Forecast to 2020 published by MarketsandMarkets, Dallas, Texas, USA, reports that the paper and paperboard packaging market is projected to reach $213.4 billion by 2020, at a CAGR of 3.5% from 2015 to 2020.

More information about this report is available online.

 

The market is segmented on the basis of application, grade of paper and paperboard, type of packaging, and major regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW), and is forecasted to 2020. Major countries in all the regions have been considered for the study.

According to the report, the paper packaging and paperboard packaging market is end-user oriented. It has shown moderate growth after the economic slowdown from 2007 to 2009. This market is mostly driven by the switch in packaging solutions from plastic packaging to paper and paperboard packaging. With the increasing problems of landfill and non-biodegradable or very slow degradation of plastic and metal packaging, paper and paperboards are the preferred manufacturers. The eco-friendly appeal of paper has helped in acceptance and penetration in the global market. A lot of innovations in designs and technological advancements have been witnessed by the industry in the last decade, which has helped in entering new segments such as, frozen foods, multi-pack beverage holders, recycled paperboard for packaging of dry food, and healthcare products.

Key players in the market are Amcor Ltd. (Australia), ITC Ltd. (India), Cascades Inc. (Canada), RockTenn Co. (U.S.), Clearwater Paper Corp. (U.S.), Packaging Corp. of America (U.S.), DS Smith Plc. (U.K.), Mondi Group (South Africa), and Metsa Group (Finland).