Paper and Paperboard Packaging Market Scope
In Paper and Paperboard, Packaging technologists play a pivotal role in defining packaging needs and cooperating with other specialists to meet needs in a cost-effective and environmentally. A huge proportion of paper and paperboard is used for packaging purposes. Furthermore, Up to 40% of all packaging is based on paper and paperboard, making it the largest packaging material used, by weight. . Paper and paperboard packaging are found in goods that are produced, distributed, marketed, and used. A large number of features of paper and paperboard used for packaging, such as raw material, manufacture, environmental, and waste management are identical to those applying to all the main types of paper and paperboard
The Paper and Paperboard Packaging market study is segmented, by Application (Household Product, Glass and Glassware, Paper-based tubes, Engineering Goods and Others) and major geographies with country level break-up.
The major and local companies are exploring the market by adopting new packaging technology and trends as well as mergers & acquisitions, expansions, investments, new launches, and collaborations as their preferred strategies. The major players are exploring new geographic regions through expansions and acquisitions to avail a competitive advantage through combined synergies. The market is expected to grow in a large extended E-Commerce industry. Several companies such as International Paper, WestRock are operating in the market to provide customers with various features & unique offering packaging materials and products. The market is a partially fragmented market with the presence of several market players and local players.
International Paper (United States), WestRock (united States), Oji Holdings (Japan), Tetra Pak (Switzerland), Stora Enso (Finland), Amcor ( Switzerland), Crown Holdings (United States), Ball Corporation (United States), Smurfit Kappa Group (Ireland), Reynolds Group Holdings (New Zealand), Balmer Lawrie & Co. Ltd (India), Cosmo Films Ltd (India), Sampada Paper Industries Pvt (India) and Others are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Paper and Paperboard Packaging market by Type, Application and Region.
On the basis of geography, the market of Paper and Paperboard Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On December 2021 BillerudKorsnäs has acquired Verso in order to ignite growth in the United States, Canada, and Mexico The acquisition was USD 825 million in cash, however, the main aim of the acquisition was to expand its untapped market in order to reach a new customer base.
On September 2021 Heinz has launched a paperboard sleeve for multipack cans in the UK. This recyclable paperboard sleeve is made from West Rock’s CarrierKote paperboard, which is sourced from sustainably managed forests and certified by the Programme for the Endorsement of Forest Certification (PEFC)., and On August 2021 Chobani has Launches Paper Yogurt Cup
Market Trend
- Rapidly rising demand for eco-friendly packaging for paper and paperboard
Market Drivers
- Growing consumer awareness regarding sustainable packaging material
Opportunities
- Huge demand in E-Commerce
Restraints
- The increasing cost of raw material
Challenges
- Lack of Market Access & Advanced technology
Key Target Audience
Paper and Paperboard Packaging Regulatory Authorities, Paper and Paperboard Packaging New Entrants/Investors, Paper and Paperboard Packaging Strategic Business Planners, Paper and Paperboard Packaging Governments/Council, Raw Material Supplier and End-use Industry