Europe Paper Packaging Market
The revenue of the paper packaging market in Europe was USD 60 billion in 2016 and is expected to reach USD 78.58 billion by 2022, growing at a CAGR of 4.6%. Major economies like the UK, Germany, and France have shown some resilience but the deepening economic crisis will have an adverse impact on the paper packaging market. Slow economic recovery has impacted the consumer packaging pattern. The paper packaging market growth has been slow and is expected to witness the same trend in the foreseeable future.
Paper is one the most used material for packaging products. Paper packaging has the highest market share of the total packaging market. Added to this, the demand for paper packaging will continue to witness growth over the forecast period. With the focus now shifting towards eco-friendly and sustainability, paper packaging is expected to gain traction with many countries pushing for paper packaging products over plastic packaging, which poses a significant threat to the environment. Higher recycling demand will further push the use of paper as a packaging material, with consumers and businesses looking for solutions that help in cost reduction as well as keeping the environment safe while keeping government regulations intact.
Some of the factors driving the market include:
Consumer consciousness of sustainable packaging
Raw material availability
The increasing recycling rate and improving logistical efficiency are the major trends in the market. Paper has some distinct advantages over other packaging material. It is lightweight, biodegradable, and recyclable.
Some of the major companies mentioned in the report are:
Graphic Packaging International Corporation
International Paper Company
What the Report Offers
Complete market insights, driving forces of the market, challenges it faces, and the opportunities in the current market scenario
Complete market segmentation on the basis of different packaging and product types along with detailed analysis for the next five years
Complete market breakdown at a country level to give a detailed picture of the paper packaging market
The report also gives information on major vendors of paper packaging products, their existing share in the market, strategies they adopt, along with the major products, financials, recent developments, and profile of these vendors