The
global paper packaging materials market is expected to
reach USD 391.17 billion by 2022, according to a new report by Grand View
Research, Inc. Rapid development of fast food and frozen food industries
particularly in emerging markets of Asia Pacific and Middle East & Africa
is expected to remain a key driving factor for global paper packaging materials
market over the forecast period.
Environmental concerns associated with
plastics packaging for food & beverages are also expected prompt demand for
paper packaging materials over the next seven years. Governments across various
regions have been implementing stringent regulations. Novel technologies
related to paper recycling and extensive R&D to develop superior quality
products are expected to create new avenues for market participants.
Liquid
packaging cartons were the leading product segment and accounted for over 40%
of total market volume in 2014. Positive outlook on global beverages industry
is expected to drive this segment over the forecast period. Corrugated cases
are projected to witness the highest growth rate over the forecast period owing
to novel retail packaging developments
North
America paper packaging materials market revenue by product, 2012 - 2022 (USD
Billion)
Browse full research report on Paper
Packaging Market: http://www.grandviewresearch.com/industry-analysis/paper-packaging-materials-market
Further Key
Findings from the Study Suggest:
- Global paper packaging materials market demand
was 195.72 million tons in 2014 and is expected to reach at 273.31 million
tons by 2022, growing at a CAGR of 4.3% from 2015 to 2022.
- Beverages were the leading application segment
with demand share estimated at 42.3% in 2014. Growth of organic beverages
industry in developed economies of North America and Europe are expected
to steer growth of this segment. Frozen foods are expected to witness the
highest growth of 4.6% from 2015 to 2022. Rise in convenience food and
fast food demand particularly in emerging markets China and India on
account of rising disposable income and rapid urbanization are expected to
assist the regional market in the near future.
- Asia Pacific was the leading regional market
with demand share exceeding 35% in 2014. Growth of food & beverages
industry coupled with government support in the form of tax holidays and
financial incentives to develop manufacturing sector particularly in
China, India, Thailand, Indonesia and Vietnam are expected to drive the
regional growth Asia Pacific is also expected to witness the highest growth
of 4.8% from 2015 to 2022.
- Paper packaging materials market is highly
fragmented and characterized by a large number of players. Key industry
participants include Hood Packaging Corporation, International Paper
Company, OJI Holding Corporation, Georgia Pacific Corporation, DS Smith
Plc., Smurfit Kappa Group Plc. And MeadWestvaco.
Access
Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-paper-packaging-materials-market
About
Grand View Research, Inc:
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, the company offers market intelligence
studies ensuring relevant and fact-based research across a range of industries
including technology, chemicals, materials, healthcare and energy.
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