Paper Packaging Market Segmentation:
Material Type Segment Analysis
Corrugated board segment is estimated to hold paper packaging market share of over 28% by the end of 2035 owing to the consumer's support of the circular economy model, which reduces environmental pollution and carbon footprints by using cardboard. According to the Ellen MacArthur Foundation, demand for new business services would be created using a circular economy, such as reverse logistics collection, and reintroduction of end-of-use products into the system.
Packaging Type Segment Analysis
The corrugated boxes segment in the paper packaging market is set to garner a notable share during the forecast period, impelled by its increasing usage in online retail & e-commerce propelled by its sturdiness which is necessary while transporting through handling and shipping. According to the International Trade Administration, the global B2B e-commerce sector expansion is expected to cross USD 5.5 trillion by 2027 with a CAGR of about 14.4%. Moreover, the lightweight property of corrugated boxes also helps in reducing the shipping cost.
End-User Segment Analysis
The food & beverage segment is projected to hold the highest influencing segment under the end-user of the paper packaging market. The reason behind this impact is projected driven by the increasing usage of paper packaging in fast foods, frozen foods, and fresh foods. According to a report, more than 52% of millennials are estimated to consume fast food a few times a week and about 24% consume it daily.
Additionally, innovations such as coated papers and wraps are increasing the demand in this sector as they prevent leakage of food while delivering, packaging, storing, and many more.
Our in-depth analysis of the paper packaging market includes the following segments:
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Material Type |
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Packaging Type |
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End-user |
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Source Type |
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Level of Packaging |
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