Paper Packaging Materials Market Size, Share, Growth Analysis, By Product Insights(Liquid packaging cartons, folding & carton boxes, corrugated cases, and other products such as sacks and bags are the major product segments. Liquid packaging cartons segment emerged as a dominant segment in 2015 and accounted for 41.7% of the total revenue share. The segment is expected to gain momentum owing to enhancement in novel retail packaging.), By Application Insights(Beverages segment was the dominant application in 2015, accounting for 42.33% of the total revenue share and is expected to continue its dominance over the forecast period. Rising preference for functional foods, broad product portfolio, and easy availability of products is benefitting the segment.), By Regional Insights(Asia Pacific was the largest region that accounted for 36.1% of the total revenue share in 2015 and is expected to continue its dominance over the forecast period. This can be attributed to growing number of manufacturing industries across the region, developing transit packaging sector, and growing consumerism., Asia Pacific region is expected to witness the highest growth rate over the forecast period. Rising standards of living) - Industry Forecast 2024-2031

Segmentation Analysis:

The Paper Packaging Materials Market is segmented by Product Insights, Application Insights, Regional Insights. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

• Based on Product Insights the market is segmented as, Liquid packaging cartons, folding & carton boxes, corrugated cases, and other products such as sacks and bags are the major product segments. Liquid packaging cartons segment emerged as a dominant segment in 2015 and accounted for 41.7% of the total revenue share. The segment is expected to gain momentum owing to enhancement in novel retail packaging., Retail packaging developments such as innovative designs are expected to aid the corrugated cases product segment. Cartons & folding boxes, as well as corrugated products, are expected to witness a growth in market share over the forecast period at the expense of other product categories., Different products are characterized by different applications. Liquid cartons are used for applications such as beverages. Corrugated cases are used during transportation of goods. Cartons & folding boxes are used for smaller items such as electronics, consumer goods, and cosmetics., Corrugated cases are becoming popular among packaging manufacturers as sustainability becomes a more major concern across the value chain. Several pulp paper manufacturers demand for these products as they are easy to recycle. Moreover, rising popularity of online shopping in the developing as well as developed economies, such as the U.S., Germany, China, and India is expected to boost the segment.
• Based on Application Insights the market is segmented as, Beverages segment was the dominant application in 2015, accounting for 42.33% of the total revenue share and is expected to continue its dominance over the forecast period. Rising preference for functional foods, broad product portfolio, and easy availability of products is benefitting the segment., The expansion of organic beverage industries across the developed economies of North America and Europe also help to expand the paper packaging material industry. Owing to rapid expansion of frozen food and the fast food sector in emerging economies, the frozen food application segment is expected to grow at a substantial rate over the forecast period., Strong demand for convenience foods such as frozen foods and fast foods, particularly in the emerging regions such as Asia Pacific is presumed to assist the regional industry over the forecast period. Such brisk demand growth can be attributed to increasing disposable income, rising standards of living, and growing population., Fast food segment is expected to grow at a substantial rate over the forecast period owing to rising enhancements in paper packaging materials and marketing techniques. In addition, rapid expansion of fast food chain in emerging economies such as Indonesia, India, and others that uses paper as a packaging material is expected to boost the segment growth.
• Based on Regional Insights the market is segmented as, Asia Pacific was the largest region that accounted for 36.1% of the total revenue share in 2015 and is expected to continue its dominance over the forecast period. This can be attributed to growing number of manufacturing industries across the region, developing transit packaging sector, and growing consumerism., Asia Pacific region is expected to witness the highest growth rate over the forecast period. Rising standards of living, increasing disposable income, and rising awareness regarding probiotics usage are the primary attributed reasons for this scenario. Strong demand from countries such as China and Japan is expected to benefit the market in the region., Europe emerged as the largest market in 2015 and is expected to continue its dominance over the forecast period. High awareness regarding the usage of probiotics, coupled with the presence of a large number of industry participants and inclination toward preventive healthcare, has benefitted the probiotics ingredients market in this region and is expected to continue to do so over the forecast period., Developed regions such as North America and Europe are anticipated to witness a slightly moderate growth rate over the forecast period due to end-use industry saturation. Emerging regions comprising of Central & South America and the Middle East & Africa are projected to witness strong demand growth over the projected period owing to factors such as growing packaging industry and increasing per capita income., Paper Packaging Materials Market Share Insights, The industry is highly fragmented in nature and is dominated by regional players. These players indulge in captive consumption of paper packaging materials for several end-user industries such as chemicals and consumer products such as cups, cutlery, and tablecloths., The paper packaging material market value chain consists of raw material producers, material manufacturer, distributor/suppliers, and end-use industries. The major business players in the industry invest extensively in R&D in order to develop their product portfolio with superior product properties to meet the growing industry demand. Numerous participants also incorporate third-party R&D companies to gain a competitive advantage.