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. 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.
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.
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Top Players of Paper Packaging Materials Market:
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.
Market Segmentation of Paper Packaging Materials Market:
The Global Paper Packaging Materials Market on the basis of Product, Application and Region.
By Product:
Liquid Packaging Cartons
Corrugated Cases
Cartons & Folding boxes
By Application:
Beverages
Fast Foods
Fresh Foods
Dairy & Bakery
Frozen Foods
By Region:
North America
Europe
Asia Pacific
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