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Segmentation
MRFR segmented the global Paper and Paperboard Packaging Market Share by type, grade, and application in their latest report for a closer inspection of trends and factors driving the market ahead.
Regional Analysis
Region-specific details of the global Paper and Paperboard Packaging Market Share includes North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
The APAC market is both the largest and the fastest growing market Asia Pacific dominates the global Paper and Paperboard Packaging Market Share and is likely to grow at the fastest CAGR during the forecast period. Countries like India, China, Taiwan, and others are driving the market forward. The rise of packaging industry in the zone, along with growth of e-commerce, and others are also impacting the regional market.
North America’s second position is mostly due to the growth of the food and beverage sector in this country. The regional food & beverage business is quite large and on it the plastic container market is thriving. Increasing storage expenditures and proper measures taken to maintain the transportation of the product hike the growth further.
Europe has the potential to delivery remarkably during the forecast period. The product sustainability has made the region look for such packaging options to carry on with the ambition. In the APAC region, rise in packaging would be substantial with increasing number of industries in countries like India and China.
Competitive Landscape
Several companies are in the run to develop the best and take over the global Paper and Paperboard Packaging Market Share. These companies are ITC Ltd. (India), Amcor Ltd. (Australia), RockTenn Company (U.S.), Cascades Inc. (Canada), Packaging Corporation of America (U.S.), Clearwater Paper Corporation (U.S.), Mondi Group (South Africa), Metsa Group (Finland), DS Smith Plc. (U.K.), Georgia-Pacific LLC (U.S.), Sonoco Products Company (U.S.), Nippon Paper Industries Co., Ltd. (Japan), Stora Enso Oyj (Finland), Spartan Paperboard Company (U.S.), and Colbert Packaging (U.S.). MRFR profiled them in their latest report to have an insight regarding the upcoming years.
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