Paper & Paperboard Packaging Market Growth, Trends, COVID-19 Impact, and Forecasts 2029

mangesh

Jan 23, 2023 • 3 min read

Paper & Paperboard Packaging Market is expected to grow at a CAGR of 3.5% during the forecast period and is expected to reach US$ 241 Bn by 2029.

Paper & Paperboard Packaging Market Overview:

The Paper & Paperboard Packaging market study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The scope of the research includes a full examination of the Paper & Paperboard Packaging Market, as well as the reasons for variations in the industry's growth between regions.

Market Scope:

Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.

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Segmentation:

A wide range of paper and paperboard is used in packaging today from lightweight infusible tissues for tea and coffee bags to heavy-duty boards used in distribution. Paper and paperboard are found wherever products are produced, distributed, marketed and used, and account for about one-third of the total packaging market. Over 40% of all paper and paperboard consumption in Europe is used for packaging and over 50% of the paper and paperboard used for packaging is used by the food industry.

Key Players:

• Honicel (Netherlands)
• Euro-Composites (Luxembourg)
• Hexcel Corporation (US)
• Argosy International (US),
• Grigeo AB (Lithuania)
• Plascore (US)
• Tubus Baer GmbH (Germany)
• Corinth. (Netherlands)
• Axxion (Netherlands)
• Ten Cate (Netherlands)
• The Gill Corporation (US)
• Samia Canada (US)
• Corex Honeycomb (UK)
• Lsquare Eco-Products Pvt. Ltd.
• Safe Corrugated Containers Pvt. Ltd.
• Yoj Pack Kraft
• Grigeo
• AB

Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers' annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data.

The biggest players in the Paper & Paperboard Packaging market are as follows:

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Regional Analysis:

Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Paper & Paperboard Packaging market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.

COVID-19 Impact Analysis on Paper & Paperboard Packaging Market:

Due to a break in operations, end-user sectors where Paper & Paperboard Packaging are used suffered a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, and Spain, France, and India. As a result, the revenues of enterprises in these industries fell significantly, as did the demand for Paper & Paperboard Packaging manufacturers, impacting the growth of the Paper & Paperboard Packaging market in 2020. Lockdowns and a surge in COVID-19 events globally have severely reduced end-user business demand for Paper & Paperboard Packaging.

Key Questions Answered in the Paper & Paperboard Packaging Market Report are:

In 2021, which segment held the highest proportion of the Paper & Paperboard Packaging market?
What is the Paper & Paperboard Packaging market's competitive landscape?
What are the primary drivers assisting Paper & Paperboard Packaging market growth?
Which region has the most market share in the Paper & Paperboard Packaging market?
What will be the Paper & Paperboard Packaging market's CAGR throughout the projected period (2022-2027)?

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