According to a recent market research report published by Transparency Market Research, the global paper packaging materials market is expected to expand at a CAGR of 4.4% during the period between 2013 and 2019. The report, titled “Paper Packaging Materials Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” projects the global paper packaging materials market to reach a valuation of US$344.4 bn by 2019. The overall market was worth US$254.8 bn in 2012. In terms of volume, the demand for paper packaging stood at 181.48 bn tons in 2012.
Paper packaging materials are witnessing high demand across the pharmaceutical, food and beverages, and cosmetics industries. Several materials such as cardboard, Kraft paper, recycled paper, and cartridge paper are used as paper packaging materials. The report points out that the growing demand for flexible packaging across the emerging BRIC markets will propel the growth of the global paper packaging materials market. Increasing awareness of ecological issues will further boost the demand for paper packaging materials. However, stringent regulations regarding deforestation are expected to restrain the market during the forecast period. The ban on lightweight plastic bags in several regions around the world will create new opportunities for the growth of the overall market in the coming years.
On the basis of product type, the report categorizes the global paper packaging materials market into corrugated cases, liquid packaging cartons, cartons and folding boxes, and others. In 2012, liquid packaging cartons accounted for 40% of the market. The demand for corrugated cases is expected to increase by 2019. Due to the rising demand for decorative packaging, the cartons and folding boxes segment will also grow significantly.
In terms of applications, the report segments the global paper packaging materials market into fresh foods, fast foods, beverages, dairy and bakery, frozen foods, and others. The demand for paper packaging materials from the fresh foods and beverages segments has been quite high.
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The report studies the paper packaging materials market across four key regions: Europe, North America, Asia Pacific, and Rest of the World. In 2012, Asia Pacific accounted for 35% of the market owing to rapid development of paper packaging. Europe and North America also witnessed strong demand for paper packaging materials the same year. During the forecast horizon, the Rest of the World market is expected to register significant growth.