Paper Packaging Market Covering Sales Outlook, Demand Forecast & Up-To-Date Key Trends During 2020-2027

 

Paper Packaging Market

The Packaging industry experienced some significant issues as a result of the COVID-19 pandemic, including the effects of a nationwide lockdown, companies shifting their sourcing away from China, and rethinking packaging materials. Despite a significant impact on the supply side of paper packaging, a significant increase in end-user demand in some applications has significantly expanded the scope of paper packaging.

Floating paper bottles are a popular trend. Along these lines, L'Oréal USA Seed Phytonutrients, a division of L'Oréal USA, has had its recyclable, compostable, paper-based pump bottle specially designed to be used in showers since 2018. L'Oréal USA collaborated with Ecologic Brands to create this bottle. The paper bottle's outer shell is made entirely of paper and is recyclable and compostable. The shell is made of recycled corrugated board from L'Oréal USA. This bottle's labels are also compostable and can be recycled alongside the bottle. As a result, it is possible to conclude that paper packaging, which was a mere subset of packaging a few years ago, has evolved into the parent set with various permutations and combinations of paper.

The global Paper Packaging Market is projected to surpass US$ 485.0 billion by the end of 2027, in terms of revenue, growing at CAGR of 4.4% during the forecast period (2020 to 2027).

Paper Packaging is a versatile and cost-effective way of protecting, preserving, and transporting a wide variety of products. Furthermore, it can be tailored to meet the needs of the customer or a specific product. Paper packaging benefits include lightweight, biodegradability, and recyclability, making it an essential component for packaging. The growing consumer awareness of sustainable packaging, as well as the strict regulations imposed by various environmental protection agencies (regarding the use of environmentally friendly packaging products), are driving the paper packaging market. The rapid growth of online shopping and on-demand delivery services has increased the use of cardboard and paper-based bags.

Environmentally friendly packaging solutions have become the norm rather than the exception for packaging companies all over the world. The profound shift in corporate standards, governmental policies, trade regulations, and consumer tastes has resulted in a paradigm shift in the packaging market toward eco-friendly solutions. Since July 2016, France has prohibited the use of plastic bags. According to the French government, approximately 5 billion plastic bags are distributed annually, with 12 billion of these bags used to pack fruits and vegetables.

The inability of paper to package very heavy materials is one of the major challenges facing the Paper Packaging Market, which has resulted in the industry being dominated by the polymers and metal packaging industries. Furthermore, deforestation for raw material acquisition and dioxin release during paper production are environmental concerns. In turn, these factors are impeding the growth of the paper packaging market. The packaging industry experienced some significant issues as a result of the COVID-19 pandemic, including the effects of a nationwide lockdown, companies shifting their sourcing away from China, and rethinking packaging materials. Although the supply side of paper packaging has been significantly impacted, a significant increase in end-user demand in some applications has significantly expanded the scope of paper packaging.

 

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