Paperboard Packaging Market Projected Value $225 billion by 2022
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The Global Paperboard Packaging Market is expected by Market Research Engine (New York., N.Y., USA) to exceed more than $225 billion by 2022 and will grow at a CAGR of more than 3% in the given forecast period.
Paperboard packaging is used to offer packaging solutions, largely to the consumer products. Demand for paper and paperboard packaging answers is growing in particular set of utility regions, whereas paperboard packaging call for registered impasse growth. Paper and paperboard packaging solutions have widespread applications across several business verticals from healthcare to food and drinks industry and personal care to domestic care. Additionally, these packaging answers are used in sectors together with freight & service, training and desk bound, and production.
Paper and paperboards are also currently being used to make more packaging labels, packing containers, cartons and cardboard containers. Groups engaged in paper and paperboard packaging solution are widening their imparting from center product to consulting services to the stop customers for choosing out the simplest packaging answer as in step with consumer necessities. The want for such strategy is essentially because of stagnate increase inside the traditional paper and paperboard production industry.
Paper and paperboards are also currently being used to make more packaging labels, packing containers, cartons and cardboard containers. Groups engaged in paper and paperboard packaging solution are widening their imparting from center product to consulting services to the stop customers for choosing out the simplest packaging answer as in step with consumer necessities. The want for such strategy is essentially because of stagnate increase inside the traditional paper and paperboard production industry.
The major driving factors of Global Paperboard Packaging Market are increasing consumer alertness about sustainable packaging material and the recyclability of paper and paperboard; while the restraining factors noted of the Global Paperboard Packaging Market are as follows: Changing plastic packaging for food appliance in developing countries and overall market infiltration of diverse application in developing countries.
Key players profiled in the report include Amcor Ltd. (Australia), ITC Ltd. (India), Cascades Inc. (Canada), WestRock Co. (U.S.), Clearwater Paper Corporation (U.S.), Packaging Corporation of America (U.S.), DS Smith Plc. (U.K.), Mondi Group (South Africa), and Metsa Group (Finland).
