Worldwide Paper Packaging Industry Trends, 2020-2025 - Rapid Increase in the Number of Online Shopping Platforms Driving the Requirement for Secondary & Tertiary Paper Packaging Products

The global paper packaging market is expected to grow at a CAGR of nearly 4% during 2020-2025.

This report provides a deep insight into the global paper packaging market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc.

The growing retail and e-commerce industries, along with the growing demand for environment-friendly packaging products, currently represent as the key factors driving the growth of the market. With the rapid increase in the number of online shopping platforms, the requirement for secondary and tertiary paper packaging products has escalated significantly.

Furthermore, increasing consciousness among consumers regarding sustainable packaging and the implementation of favourable government policies are providing a boost to the market growth. Governments of various developed and emerging nations are promoting the usage of paper-based products as an alternative to plastic for minimizing pollution and toxin levels in the environment.

Additionally, the rapidly growing food and beverages industry across the globe is acting as another growth-inducing factor. Food manufacturing organizations are adopting food-grade paper packaging products to retain the nutrient content and maintain the quality of the food contents. Other factors, including various product innovations to enhance the efficiency of the product and to produce visually appealing variants are projected to drive the market in the upcoming years.

The competitive landscape of the industry has also been examined with some of the key players being Amcor, DS Smith, Evergreen Group, Holmen, Hood Packaging Corporation, Huhtamki, International Paper Company, Kapstone LLC, Mayr-Melnhof, Mondi Group, Pratt Industries, WestRock Inc., etc.