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Fiber based packaging is seeing a rise in popularity among end-users including fast food restaurants. This is creating lucrative opportunities in the market.
ALBANY, N.Y. – March 8, 2022 (GLOBE NEWSWIRE — The global Market for fiber-based packagingAccording to Transparency Market Research (TMR) a forecast report, the industry is expected to grow at a CAGR 3.6% over the period 2021-2025.
This is due to the increasing awareness of consumers about environmental concerns. Enterprises in many industries are now using eco-friendly packaging to package their products. Food packaging and beverages packaging are increasingly using fiber-based packaging solutions. healthcare packagingTobacco packaging, homecare and toiletries, personal care and cosmetics, industrial packaging. This wide range of applications will fuel the growth of the global fiber-based packaging market over the forecast period.
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Many companies from the food industry and retailers are working with multi-partners like WWF or Environmental Defense Fund to reduce various ecological risks. These efforts will likely favor the growth curve for the global fiber-based packaging market over the next few years.
Major companies in the global fiber-based packaging market place are focusing on the use and advancement of technology in their daily work. Apps are being developed by players to allow them to keep their business operations transparent. These apps can be used to assist clients in a variety of activities, from placing orders to tracking the delivery of their products. These apps can also be used by companies to resolve customer issues such as purchasing inventory or providing real-time information. This is why the fiber-based packaging market will continue to grow at a significant pace in the coming years.
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Market for Fiber-Based Packaging: Key Findings
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Fiber-based packaging is becoming more popular because of their attractive visual appearance, as opposed to traditional adaptable packaging. Because it is resistant to mugginess, many end-users are utilizing this packaging. These factors are driving the global fiber-based packaging market’s growth prospects.
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High-efficiency manufacturing equipment is being used by companies operating in the fiber based packaging industry to increase their production capabilities. Many players in the fiber-based packaging market seek out experts to help them with different industry aspects, such as design, planning, and technical aspects, in order to improve their management. Sewage treatmentPulp-producing Equipment
Fiber-based Packaging Market: Growth Boosters
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Profitable opportunities are expected to arise in the global fiber-based packaging market due to the rising use of fiber-based packaging in food & beverage industries.
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The fiber-based packaging market is expanding as players place more emphasis on technological advancements.
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Market for Fiber-Based Packaging
The report profiles some of the most important players:
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Smurfit Kappa Group PLC
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International Paper Company
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WestRock Company
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Georgia-Pacific LLC
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Stora Enso Oyj
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Reynolds Group Holdings Ltd
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Huhtamaki Oyj
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DS Smith Plc
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Pratt Industries Inc.
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Sonoco Products Company
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Mayr-Melnhof Karton AG
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KapStone Paper and Packaging Corp
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Mondi Group
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Rengo Co., Ltd.
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BillerudKorsns AB
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AR Packaging Group AB
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UFP Technologies, Inc.
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U.S. Corrugated, Inc
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Brodrene Hartmann A/S
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ESCO Technologies Inc.
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Segmentation of the Fiber-Based Packaging Market
Packaging Type
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Corrugated boxes
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Cartons
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Folding Cartons
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Liquid Cartons
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Hinge Lid Cartons
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Partitions & Intls
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Bottles & Cup Carriers
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Trays
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Plates
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Clamshells
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Display Packaging
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Bags & Sacks
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Others
Material Type
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Corrugated
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Boxboard/Carton board
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Molded Pulp
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Kraft Paper
Material Source
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Virgin Fiber
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Recycled fiber
Packaging Level
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Primary Packaging
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Secondary Packaging
End User Base
Region
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North America
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Latin America
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Europe
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Asia Pacific
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MEA
Check out the Latest Packaging MarketTMR Research Reports:
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