Paper Packaging Market Outlook, Leading  Manufacturers, Industry Analysis And Forecast

28/mag/2020 12:12:22 Grand View Research Contatta l'autore

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Paper Packaging Market

San Francisco, 28 May 2020: The Report Paper Packaging Market Analysis By Product (Liquid Packaging Cartons, Corrugated Cases, Carton & Folding Boxes), By Application (Beverages, Fast- food, Fresh food, Frozen food, Dairy & Bakery) And Segment Forecasts

The global Paper Packaging market share is anticipated to grow significantly in the following years. The food industry dynamics are strongly influential in the paper packaging market. For instance, packaging is utmost important in the fast food and frozen foods category across the globe. Therefore, the demand for paper packed food products are likely to witness a high momentum in the following years.

There have been several markets wherein plastic packaging faces a ban due to a majority of concerns. Also, government policies are playing a significant role in adoption of paper packaging practices and are encouraging eco-friendly approach witnessed in the hospitality industry.

The market growth is also stimulated by other factors such as innovative techniques, paper recycling practices, extensive R&D for developing high quality paper products, and encouraging paper packaging in retail sectors. These factors are determined to enable a huge momentum to the supply chain in the wholesale and retail food category.

Liquid packaging cartons lead with a high product demand accounting for a major stake in the paper packaging market. Paper cartons for food & beverages have resulted in lessening the waste disposal and curbing land pollution. Therefore, the demand for liquid packaging cartons is likely to result in a high marginal growth in the upcoming years based on their features.

The trend of personalized packaging is gaining a significant traction owing to the demand for personalized products. It is also predicted to have a huge impact on the packaging industry in terms of innovation and marketing. Since, more than 55% marketers hold an opinion that personalization creates a lasting impression in the minds of consumers.

Clean labeling and transparency are some of the innovative approaches adopted in the packaging industry. For instance, in the U.S. consumers can scan packaged food contents using their smartphone and get assurance over the food quality. Moreover, access to information about the product is one of the major objectives for food labelling

There has been a huge surge in E-commerce in the past few years which is anticipated to drive the demand for packaged and packaging products. The companies within packaging domain are likely to address sustainability issues followed by flexible packaging that is mainly driven by demand for convenient and light weight products

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