Global Paper and Paperboard Container and Packaging Market:
About this market
Technavio’s paper and paperboard container and packaging market analysis considers sales from paper bags and sacks, corrugated containers and packaging, folding boxes and cases, and others. Our analysis also considers the sales of paper and paperboard container and packaging in APAC, Europe, North America, South America, and MEA. In 2018, the paper bags and sacks segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as cost-effectiveness and reusable nature of the product will play a significant role in the paper bags and sacks segment to maintain its market position. Also, our global paper and paperboard container and packaging market report look at factors such as emergence of specialized paper and paperboard containers, environmental benefits associated with paper and paperboard containers, and rising demand for e-commerce industry. However, chance of contamination with recycled paperboard, popularity of bioplastic packaging, and limited durability of paper bags may hamper the growth of the paper and paperboard container and packaging industry over the forecast period.
Global Paper and Paperboard Container and Packaging Market: Overview
Rising demand from the e-commerce industry
The rising penetration of the internet and improvements in access to smartphones are driving the growth of the e-commerce industry. This is leading the consumers to spend a limited period in the stores due to the comfort of shopping from their homes. Most companies focus on offering easy-to-pack and flexible solutions that eliminates the risk of product damage during transportation. This demand from e-commerce industry will lead to the expansion of the global paper and paperboard container and packaging market at a CAGR of almost 7% during the forecast period.
The advent of smart packaging
Smart packaging helps in reporting product-related information to enterprises, which enables them to make decisions on product retrieval from the shelf. These solutions are used by the food and beverage, and healthcare industry to monitor freshness, display information on quality, and improve customer and product safety, which in turn, will improve customer loyalty. This development is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global paper and paperboard container and packaging market during the forecast period 2019-2023, click here.
With the presence of several major players, the global paper and paperboard container and packaging market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading paper and paperboard container and packaging manufacturers. These vendors include Amcor Plc, DS Smith Plc, Georgia-Pacific LLC, International Paper Co., Mondi Group, Nippon Paper Industries Co. Ltd., Packaging Corp. of America, Smurfit Kappa Group Plc, Tetra Pak International SA, WestRock Co.
Also, the paper and paperboard container and packaging market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
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