Fiber based Packaging Market Scope
The global packaging market is valued at over USD 800 billion and the market is expected to grow 3 percent annually. Food and beverage account for over 40 percent of the global packaging market value, and when other consumer products are added, the proportion of consumer packaging increases to approximately 65 percent, and industrial applications account for only 35 percent of the business value. For fiber-based packaging, renewable, reusable, or biodegradable materials are used in product packaging. The fiber-based packaging is generally used in all kinds of primary, secondary, and tertiary forms of packaging. Fiber-based packaging is widely used in the chemical, food and beverage and construction industries. As the demand for sustainable products has increased, the supply has also held up. The manufacturers have expanded their product portfolio to include sustainable products. This has led to the development of sustainable packaging. Fiber-based packaging forms a large part of sustainable packaging. Fiber-based packaging is often used for packaging consumer goods, electronics, food, and beverages, etc. Given the rising disposable incomes, the market for fiber-based packaging is expected to grow over the forecast period.
The market study is being classified by Type (Pouches and envelopes, Paper & cardboard, Cartons, Boxes, Containers, Barrels, Bubble wrap and Others), by Application (Food and Beverage, Industrial Goods, Pharmaceutical Firms, Biotechnological Firms and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Fiber based Packaging market throughout the predicted period.
International Paper (United States), DS Smith (United Kingdom), Huhtamaki (Finland), Smurfit Kappa (Ireland), Sonoco Products (United States), WestRock (United States), Georgia-Pacific (United States), Pratt Industries (United States), Reynolds Group Holdings (New Zealand), U.S. Corrugated (United States), UFP Technologies (United States), ESCO Technologies (United States) and Hartmann (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are KapStone Paper (United States), Mayr-Melnhof (Austria), Rengo (Japan), Mondi Group (Austria), Stora Enso (Finland) and BillerudKorsnas (Sweden).
AdvanceMarketAnalytics has segmented the market of Global Fiber based Packaging market by Type, Application and Region.
On the basis of geography, the market of Fiber based 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).
- Growing R&D Investments Leading to Increased Fiber-Based Packaging
- Rising Trend of Having Different Packaging Materials to Tackle Land & Water Pollution
- Consumer Preference For Eco-Friendly Packaging Solutions
- Government Statutes In Favor Of Naturally Sourced Packaging Solutions
- There is an Increase in Market Growth, Due to the Demand of Environmental Friendly Products
- Easy Availability Of Raw Material For The Manufacture Of Fiber-Based Packaging Products
- Growing Consumer Awareness about Contribution towards Saving the Environment by Using Fiber-Based Packaging
- Absence of Government Regulations Especially in Many Developing Countries on the Use of Non-Eco-Friendly Material
- Low Durability & Low Tensile Characteristic of Materials
Key Target AudienceManufacturers of Fiber-Based Packaging, Distributors, Traders, & Suppliers, Investors, Regulatory & Government Bodies, Market Research Firms and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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