Paper Packaging Materials Market Will Accomplish Outstanding USD 391.17 billion Figure By 2022

 

The global Paper Packaging Materials Market size is expected to reach USD 391.17 billion by 2022. The paper packaging materials industry is subject to witness a substantial growth due to the increasing demand from various manufacturing industries across the globe. Paper packaging solutions are largely utilized in various manufacturing and retail applications. Increasing adoption of the paper packaging materials is credited to their lightweight and eco-friendly nature, thus rocketing the demand of paper packaging materials market, in recent years.

Additionally, paper-packaging solutions are considered as recycled for multiple use due to their flexibility. These factors are responsible for the increasing demand of the paper packaging materials in packaging sector. Other factors such as ease to use, simple operation and cost-effectiveness are complementing market growth, in recent years. Paper packaging solutions are biodegradable, thus limiting environmental hazards. Paper packaging materials are ideal substitute for plastics in packaging & manufacturing sector. These factors are largely influencing growth of the paper packaging materials industry, thus creating lucrative opportunities for industry players during this period.

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Base materials used for paper packaging include the cardboards, Kraft paper, cartridge paper and recyclable papers. Some of the common types of the paper packaging materials include tetra packs, cartons, folding papers, paper sacks, and corrugated cases. Use of the paper packaging materials varies as per the application. Various application of the paper packaging include the fast food chains, fresh food delivery services, dairy & bakery industry, frozen foods, animal feed, cosmetics and pharmaceuticals industries.

Paper packaging materials are easily recycled due to its variable properties, replacing metal and plastic in manufacturing sector. Paper packaging materials are lightweight, economical and eco-friendly in nature. Paper packaging has shown substantial growth in the Asia-Pacific region due to numerous governmental laws and regulation, thus prompting use of the paper & paperboard over plastic.

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Furthermore, increasing consumer awareness about environmental hazards with excessive use of plastic and complete ban on the use of the lightweight plastic materials in few countries are expected to amplify market growth over the forecast period. Improved financial condition and growing concerns regarding environmental hazards among BRICs nations are anticipated to escalate market value of paper packaging materials market in the near future.

Moreover, easy availability of paper due to its natural abundance serves as a critical factor for sustained market growth. However, factors such as stringent the rules and regulations by local governments all across the globe against deforestation regulations is predicted to negatively influence marker progress. Yet, latest trends including shift from rigid packaging to flexible packaging solutions, and the complete ban on lightweight plastic bags are driving the market growth at present.

Paper packaging materials are manufactured from cellulose fibers; these cellulose fibers are derived from trees. Various additives are added to form a consistent matted mixture. Various on and off-line techniques are implemented for manufacturing of fibrous substrates that are used in paper packaging, later on converting them into suitable packaging components. Some of these widely popular components include wrapping products, bags, sacks, boxes, containers, caps & closure, molded fiber packaging materials, and backing cards, thus providing wide variety in number industrial applications.

The paper packaging materials industry is divided by region such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the growing demand form from various manufacturing industries, strict government laws & regulations to promote environment friendly packaging solutions, and existence of well-established manufacturing sector in the region.

Asia-Pacific region is predicted to hold major market share in the paper packaging materials market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with rapid industrialization, ever-growing population, rising number of manufacturing units, and substantial investment by leading industry players considering potential opportunities in the region.

The key players in the paper packaging materials industry are International Paper Co., Smurfit Kappa Group Plc., OJI Holding Co., Stora EnsoOyj, Hood Packaging Co., Georgia Pacific Co., MeadWestvaco, Inc., and DS Smith Plc.