Asia-Pacific Paper Packaging Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Packaging is the process of protecting the product from all hazards it is exposed during transportation and handling. Paper is a thin material produced by moist fibres of cellulose pulp derived from wood, rags or grasses and are drying them into flexible sheets. Paper packaging is of lightweight and is easily filled or stacked for transportation. Paper-based products are biodegradable and create less damage to the environment compared to others. The benefits related to paper packaging includes eco-friendly, recyclable, reduces waste, less energy consumption and others.
Asia-Pacific Paper Packaging Market Size & Growth:
The Asia-Pacific Paper Packaging Market size is estimated to reach approximately $ XX Billion by the end of 2024 with a CAGR close to X% from $XX Billion in 2018 during the forecast period of 2018-2024. The Key factors that drive the growth of the market include growing consumer awareness towards sustainable materials, raising awareness of ecological issues around the world, due to its cost-effectiveness and environmentally friendly nature, the recyclable capacity of paper and others. Major restraints for the paper packaging market include increased deforestation rate and replacement of plastic packaging for food applications.
Rise in some hypermarkets & supermarkets along with rapidly growing retail sector leading to rising in demand for paper packaging. Paper packaging not only helps the retail stores to pack the food but also to protect and maintain nutrition values. Nowadays government is also implementing stringent rules and regulations to provide safe packaged
Asia-Pacific Paper Packaging Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
products by using sustainable materials such as biodegradable products.
Asia-Pacific Paper Packaging Market Share:
Various parameters divided the Asia-Pacific Paper Packaging market. By the type, they are divided into the corrugated box, containerboard, boxboard, paperboard, folding boxes, liquid package cartons and others. Among this liquid package, cartons are estimated to have the largest market share attributed to their extensive usage in milk and juice box packaging. Corrugated box is estimated to have fastest
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Asia-Pacific Paper Packaging Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
market growth owing to their highly durable, recyclable and lightweight properties. Increased usage of corrugated boxes in retail packaging attributed to its progress in design and innovations are estimated to drive the product demand. By the Grade, they are divided into coated unbleached craft board, folding box board, label paper, white lined chipboard, solid bleached sulfate board, glassine & grease proof and others. Folding boxboard is one of the major segment in paper packaging. Due to their low density and high stiffness properties, folding boxboard segment has the enhanced market growth.
By the application, they are divided into healthcare, food, beverages, personal care, home care, retail, and others. Among these beverages, a segment is estimated to have largest market share owing to the increase in consumption of functional beverages and juices. Technological advancements in food applications such as the implementation of laminated and coated papers will further prevent the leakages and are estimated to increase the market growth. By the Geography, China is projected
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