The Report Paper Packaging Materials Market by Product (Liquid Packaging Cartons, Corrugated Cases, Cartons & Folding Boxes), by Application ( Beverages, Fast Food, Frozen Food, Diary and Bakery Products) and by Level Of Packaging (Primary Packaging, Secondary Packaging, Tertiary Packaging) The increasing adoption of Paper Packaging Materials Market as a sustainable and high-performance material drives its market growth.
The global Paper Packaging Materials Market is on track to achieve significant growth, with a projected is anticipated to reach US$ 513.77 Bn by 2029 from US$ 375.01 Bn in 2022 at a CAGR of 4.6% during a forecast period.
Please connect with our representative, who will ensure you to get a report sample here : https://www.maximizemarketresearch.com/request-sample/122220
Product segment with the quickest growth
With a market value of US$ in 2022 and projected to reach US$ by 2029, the liquid packaging cartons segment led the market by product, with a CAGR of 4.2%. These containers are utilised for applications like beverages since they are lightweight, have a longer shelf life, and are biodegradable.
For detail insights on this market, request for methodology here @https://www.maximizemarketresearch.com/request-sample/122220
Beverages, Fast Food, Frozen Food and Diary and Bakery Products segments based on the type of Application in Paper Packaging Materials Market
Beverages, a segment by application, had a market value of US$ in 2022 and is anticipated to reach US$ by 2029, growing at a CAGR of 43% from 2023 to 2029. This is mostly a result of the rise in liquid packaging demand, preference for functional meals, and accessibility. Additionally, it improves beverage preservation, which fuels the segment's expansion. The market for paper packaging materials is expanding as a result of the expansion of the beverage industries in industrialised nations like North America and Europe.
North America region is positioned as a frontrunner in the Paper Packaging Materials Market
In 2022, North America had a 41% market share and was expected to expand at the greatest CAGR between 2023 and 2029. The market is expanding in the area due to consumer preferences for processed goods and fast meals. According to research, 42 million tonnes of paper packaging would be utilised in production in 2022, an increase of around 82% from the previous year. Because of its expanding food sectors, the United States controls the market for paper packaging materials in North America.
Paper Packaging Materials Market Key Players:
1. Koch Industries 2. International Paper Company 3. Holmen AB 4. DS Smith Plc 5. Smurfit Kappa Group Plc 6. Napco National Paper Products Company 7. Billerudkorsnas 8. WestRock Company, 9. Georgia Pacific LLC 10. Pratt Industries 11. DS Smith Packaging Limited 12. Stora Enso Oyj 13. Mondi Group Plc 14. The Mayr-Melnhof Group 15. OJI Holding Corporation
For More Information About This Research Please Visit :https://www.maximizemarketresearch.com/market-report/paper-packaging-materials-market/122220/
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Maximize Market Research:
MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 444 West Lake Street, Floor 17,
Chicago, IL, 60606, USA.
✆ +1 800 507 4489
✆ +91 9607365656
? sales@maximizemarketresearch.com
? www.maximizemarketresearch.com
Related Report Published by Maximize Market Research :
Cleaning Robot Market https://www.maximizemarketresearch.com/market-report/cleaning-robot-market/868/
Hybrid System Market https://www.maximizemarketresearch.com/market-report/global-hybrid-system-market/1761/
Flexible AC Transmission System Market https://www.maximizemarketresearch.com/market-report/global-flexible-ac-transmission-system-market/29235/
Comments (0)