Paper and Paperboard Packaging Market Trends| COVID-19 Impact

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Factors that can impact the global Paper and Paperboard Packaging Market Trends are the growing demand for eco-friendly options to reduce the adverse impacts of plastic on the earth. Online shopping is one of the major traction providers for the global Paper and Paperboard Packaging Market Trends.

 

Regional Analysis

Region-specific details of the global Paper and Paperboard Packaging Market Trends includes North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

The APAC market is both the largest and the fastest growing market Asia Pacific dominates the global Paper and Paperboard Packaging Market Trends and is likely to grow at the fastest CAGR during the forecast period. Countries like India, China, Taiwan, and others are driving the market forward. The rise of packaging industry in the zone, along with growth of e-commerce, and others are also impacting the regional market.  

North America’s second position is mostly due to the growth of the food and beverage sector in this country. The regional food & beverage business is quite large and on it the plastic container market is thriving. Increasing storage expenditures and proper measures taken to maintain the transportation of the product hike the growth further.

Europe has the potential to delivery remarkably during the forecast period. The product sustainability has made the region look for such packaging options to carry on with the ambition. In the APAC region, rise in packaging would be substantial with increasing number of industries in countries like India and China.

Segmentation

MRFR segmented the global Paper and Paperboard Packaging Market Trends by type, grade, and application in their latest report for a closer inspection of trends and factors driving the market ahead.

Based on the type, the Paper and Paperboard Packaging Market includes corrugated boxes, boxboard, and paper bags. The paper bags had the maximum market share in 2016. Several types of this segment are available like multi-wall paper over poly, sewn open mouth bags, pasted valve bags, and pinch bottom open mouth bags.

Based on the grade, the Paper and Paperboard Packaging Market encompasses white line chipboard, folding boxboard, solid bleached sulfate, coated unbleached kraft board, and others.

Competitive Landscape

Several companies are in the run to develop the best and take over the global Paper and Paperboard Packaging Market Trends. These companies are ITC Ltd. (India), Amcor Ltd.