(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Oct. 21, 2024 (GLOBE NEWSWIRE) -- The "Paper Packaging market Report 2024-2034" has been added to ResearchAndMarkets.com's offering.
World revenue for the Paper Packaging Market is expected to surpass US$409.6 billion in 2024, with strong revenue growth through to 2034. The work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
Growing Environmental Concerns and Sustainability
The increasing awareness and concern for the environment are significant drivers of the paper packaging market. Consumers and governments worldwide are becoming more environmentally conscious, leading to a preference for sustainable and eco-friendly packaging solutions. Paper packaging is biodegradable, recyclable, and derived from renewable resources, making it an attractive alternative to plastic packaging. Governments in many countries are implementing stringent regulations and bans on single-use plastics, further driving the demand for paper-based packaging solutions. For example, the European Union's Single-Use Plastics Directive, which aims to reduce the impact of certain plastic products on the environment, has encouraged the shift towards paper packaging.
Fierce Competition from Flexible Plastic Packaging Hinder the Market Growth
The fierce competition from flexible plastic packaging poses a significant challenge to the growth of the paper packaging market. One key reason is that paper is less durable than plastic and lacks inherent water or grease resistance. To enhance its performance, paper often needs to be coated with chemicals or plastics, which complicates recycling efforts. These coatings, frequently plastic, require additional recycling procedures to separate from the paper, making the recycling process more cumbersome and less efficient.
Moreover, increased paper usage necessitates more tree cutting, leading to potential deforestation issues if reforestation efforts do not keep pace. The production of paper also has a higher energy, water, and greenhouse gas footprint compared to plastic. Plastic, on the other hand, has several advantages that contribute to its competitive edge. It is relatively cheaper to produce, highly durable, long-lasting, lightweight, and flexible. Environmentally, plastic production consumes less water and generates a lower greenhouse gas footprint than paper production. These factors collectively make flexible plastic packaging a formidable competitor to paper, hindering the latter's market growth.
Forecasts to 2034 and other analyses reveal commercial prospects
In addition to revenue forecasting to 2034, the new study provides you with recent results, growth rates, and market shares. You will find original analyses, with business outlooks and developments. Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising paper packaging prices and recent developments.
Segments Covered in the Report
Grade
Virgin Paper Recycled Paper
Packaging Level
Primary Packaging Secondary Packaging Tertiary Packaging
End-user Industry
Food and Beverage Healthcare Personal Care and Cosmetics Home Care Products Other
Product Type
Corrugated Boxes Paper Bags and Sacks Folding Cartons Paperboard Wrapping Paper Other
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for five regional and 20 leading national markets.
The report also includes profiles for some of the leading companies in the Paper Packaging Market, with a focus on this segment of these companies' operations.
Leading companies in the Paper Packaging Market profiled in the report include:
Amcor Cascades. Clearwater Paper DS Smith Easternpak International Paper Company ITC Mondi Nippon Paper Industries Packaging Corporation of America Smurfit Kappa Sonoco Products WestRock
In summary, the report provides you with the following knowledge:
Revenue forecasts to 2034 for Paper Packaging Market Market, with forecasts for grade, packaging level, end-user industry, and product type, each forecast at a global and regional level Revenue forecasts to 2034 for five regional and key national markets Prospects for established firms and those seeking to enter the market - including company profiles for 13 of the major companies involved in the Paper Packaging Market.
Key Topics Covered:
1 Report Overview
2 Executive Summary
3 Market Overview
3.1 Key Findings
3.2 Market Dynamics
3.3 Impact Analysis
3.3.1 Market Driving Factors
3.3.1.1 Increasing Demand for Biodegradable and Recyclable Paper Packaging Materials
3.3.1.2 Development of Advanced Paper Materials with Improved Strength, Durability, and Moisture Resistance
3.3.1.3 Rising Demand for Packaging that Ensures Product Safety Especially in the Food and Pharmaceutical Sectors
3.3.2 Market Restraining Factors
3.3.2.1 Fierce Competition from Flexible Plastic Packaging Hinder the Market Growth
3.3.2.2 Rising Costs in the Paper Industry Due to Global Pulp Price Surge and Geopolitical Tensions Hinder the Market Growth
3.3.3 Market Opportunities
3.3.3.1 Collaboration and Partnership Between Market Players Opportunities for the Market
3.3.3.2 Expansion in New Geographical Region Opportunities for the Market
3.3.3.3 Technological Development in Paper Packaging Opportunities for the Market
3.4 Supply Chain Analysis
3.5 Regulatory Framework
3.6 Emerging Markets and Megatrends
3.7 Porter's Five Forces Analysis
3.8 PEST Analysis
4 Paper Packaging Market Analysis by Grade
4.1 Key Findings
4.2 Grade Segment: Market Attractiveness Index
4.3 Paper Packaging Market Size Estimation and Forecast by Grade
4.4 Virgin Paper
4.5 Recycled Paper
5 Paper Packaging Market Analysis by Packaging Level
5.1 Key Findings
5.2 Packaging Level Segment: Market Attractiveness Index
5.3 Paper Packaging Market Size Estimation and Forecast by Packaging Level
5.4 Primary Packaging
5.5 Secondary Packaging
5.6 Tertiary Packaging
6 Paper Packaging Market Analysis by End-User Industry
6.1 Key Findings
6.2 End-User Industry Segment: Market Attractiveness Index
6.3 Paper Packaging Market Size Estimation and Forecast by End-User Industry
6.4 Food and Beverage
6.5 Healthcare
6.6 Personal Care and Cosmetics
6.7 Home Care Products
6.8 Other End-User Industry
7 Paper Packaging Market Analysis by Product Type
7.1 Key Findings
7.2 Product Type Segment: Market Attractiveness Index
7.3 Paper Packaging Market Size Estimation and Forecast by Product Type
7.4 Corrugated Boxes
7.5 Paper Bags and Sacks
7.6 Folding Cartons
7.7 Paperboard
7.8 Wrapping Paper
7.9 Other Product Types
8 Paper Packaging Market Analysis by Region
8.1 Key Findings
8.2 Regional Market Size Estimation and Forecast
9 North America Paper Packaging Market Analysis
10 Europe Paper Packaging Market Analysis
11 Asia-Pacific Paper Packaging Market Analysis
12 Middle East and Africa Paper Packaging Market Analysis
13 Latin America Paper Packaging Market Analysis
14 Company Profiles
14.1 Competitive Landscape, 2023
14.2 Strategic Outlook
International Paper Company WestRock Company Packaging Corporation of America Cascades Inc. Nippon Paper Industries Ltd Sonoco Products Company Clearwater Paper Corporation Amcor plc ITC Ltd. Easternpak Ltd. Mondi plc DS Smith Smurfit Kappa Group
15 Conclusion and Recommendations
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