Paper packing refers to packaging made of papers and boards. Paper packaging can be made from a variety of materials, including cardboard, Kraft paper, cartridge paper, and recycled paper. Tetra packs, cartons and folding boxes, sacks, bags, and corrugated cases are examples of paper packaging materials used in the fast food, fresh food, dairy and bakery, frozen foods, pet food, cosmetics, and pharmaceutical industries. Paper packaging materials have exceptional features in that they can be reused and recycled easily, giving them an edge over other packaging materials such as metal and plastic. Paper packaging materials are lightweight, cost-effective, and environmentally friendly, which is one of the primary drivers of market growth. Furthermore, this market is predicted to rise at a rapid pace due to rising demand for paper-based flexible packaging as consumers become more conscious of the negative effects of plastics. Moreover, strong economic situations in BRIC countries are expected to drive the paper packaging market in these regions. As paper remains to be the largest material used in the packaging industry the growth in the packaging market is estimated to boost demand for paper packaging. The rigid deforestation regulations in several countries worldwide are expected to largely slow down the growth of the market over the forecast period. The opportunity for the growth of this market shortly is the ban on lightweight plastic bags. Major Shift from rigid packaging to flexible packaging also aids in the growth of this market.
The global paper packaging market is projected to surpass US$ 485.0 billion by the end of 2027, in terms of revenue, growing at CAGR of 4.4% during the forecast period (2020 to 2027).
The paper packaging market is divided into several categories, including liquid packaging cartons, carton and folding boxes, corrugated cases, and others. Because of their widespread use in milk and juice box packaging, liquid packaging cartons are the most important product segment of paper packaging materials. Corrugated cases are likely to see increased use in retail packaging as design innovation advances, driving product demand. Furthermore, corrugated cases, which are very robust, reusable, recyclable, and lightweight, are predicted to grow rapidly, encouraging the growth of the paper packaging market. Carton and folding box demand is predicted to expand significantly over the next few years as decorative and bulk packaging need grows.
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