The global paper & paperboard packaging market size is estimated to grow from USD 199.8 billion in 2021 and is projected to reach USD 254.5 billion by 2026, at a CAGR of 5.0% during the forecast period. The global market is primarily driven by increasing environmental issues of landfills and degradation of packaging material. A shift has been seen from plastic to more usage of paper & paperboard in the packaging industry. The rising demand for sustainable and recycled packaging for food, healthcare, and personal & homecare applications will further drive the paper & paperboard packaging market.
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Paper & paperboard packaging manufacturers are the most important players in the value chain as they as they produce and provide various product types of paper packaging based on their required properties for the specific end-use applications. The end-use applications such as food, beverage, healthcare, personal & homecare and other. This provides additional value to the chain.
Corrugated box is the largest market of Paper & paperboard packaging with a 46.4% share in terms of value, globally. The market for this segment is driven by rising demand from the e-commerce sector and developments in digital printing technologies.
International Paper (US), Amcor plc (Switzerland), WestRock Company (US), Mondi Group (UK), and DS Smith (UK) These among others are the leading paper & paperboard packaging manufacturers, globally. These companies adopted expansion as their key growth strategies between 2016 and 2021 to earn a competitive advantage in the paper & paperboard packaging market.
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International Paper is one of the world leaders in manufacturing containerboard and corrugated packaging products. The businesses of the company are industrial packaging and global cellulose fibers. The company is also involved in consumer packaging and printing papers. The company’s product portfolio includes corrugated boxes, bulk packaging, retail displays, specialty packaging, and paper bags. International Paper has operations in North America, South America, Europe, and the Middle East & Africa. The company sells more than 7 million tons of corrugated packaging and paper annually. It is also one of the largest companies that are into recovery and recycling. It has estimated sales of USD 21 billion for 2020. It serves more than 25,000 customers in 150 countries.
Amcor plc is the second-largest player in the paper & paperboard packaging market, globally.The company has a wide range of products both in rigid and flexible packaging areas. The global sales of flexible packaging and rigid packaging accounted for 78% and 22 %, respectively, for the financial year ended on 30th June 2021. . The company’s flexible packaging business caters to food, beverage, pharmaceutical, medical, home & personal care, and other industries. The rigid plastic business caters to food, beverage, home & personal care, and healthcare industries. Amcor Limited has its presence in more than 40 countries across Europe, the Americas, Asia, the Middle East & Africa, and has approximately 225 facilities.
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