The global Fiber Based Packaging market is expected to grow at a CAGR of around 3.7% over the forecast period 2021 to 2027 and expected to reach the market value of around US$ 9.2 Billion by 2027.
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The global fiber based packaging market is projected the increasing scope of fiber based packaging in end use industries such as food & beverages, electrical & electronics, healthcare, industrial packaging, etc. About which Nova one advisor offers detailed insights and forecasts in the fiber based packaging market report.
Fiber based packaging products have different visual appeal compared to conventional flexible packaging. Fiber based packaging can resist humidity and other solvents, and maintains integrity. The fiber based packaging market is expected to grow followed by the push of end-use industries, such as food & beverages and personal care & cosmetics, which are registering significant growth in several regions due to increased consumption. The decorating surface of carrying units with fiber based packaging is likely to augment market growth during the forecast period.
These special feature boxes and cartons are predominantly used by paper and paperboard manufacturers, which are highly demanded in cosmetic and food segments. Moreover, such additive features fasten up the product consumption operation of consumers, thus offering speed and flexibility to consumers across multiple application industries.
|Market Size||US$ 9.2 Billion by 2027|
|Growth Rate||CAGR of 3.7% From 2021 to 2027|
|Historic Data||2017 to 2020|
|Forecast Period||2021 to 2027|
|Segments Covered||Packaging Type,Material Type,Material Source,End User,Level of Packaging|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)|
|Companies Mentioned||International Paper Company, Smurfit Kappa Group PLC, Georgia-Pacific LLC, WestRock Company, Reynolds Group Holdings Ltd, Stora Enso Oyj, DS Smith Plc, Huhtamaki Oyj, Sonoco Products Company, Pratt Industries Inc., KapStone Paper and Packaging Corp, Mayr-Melnhof Karton AG, Rengo Co., Ltd.,|
Multi-sensor Packaging Product Features Propelling Market Growth
- Manufacturer across the packaging industry are focusing on adding tactile appeal, which renders a real velvet feel through soft touch pack products. Many fiber-based paperboard producers manufacturing cartons, partitions, inserts, etc. have entered into the competition of heightening the consumer’s consumption sensory experience.
- For instance, several carton packets render features of opening and reclosing through a click of a button, thus creating a unique feature appeal to consumers while purchasing food or cosmetic products
- These special feature boxes and cartons are predominantly used by paper and paperboard manufacturers, which are highly demanded in cosmetic and food segments. Moreover, such additive features fasten up the product consumption operation of consumers, thus offering speed and flexibility to consumers across multiple application industries.
- Regions of North America and Europe have adopted multisensory fiber based packaging products on a massive scale. Following such an enormous drive, countries of APAC have witnessed a significant increase in consumption of multi-sensory paper and paperboard packaging products.
Fiber Based Packaging in Personal Care & Cosmetics Industry to Boost Production
- Personal care is playing a key role in boosting the fiber based packaging market sales in the world. According to a study, the global personal care & cosmetics industry contributes more than 30% to the market share. Increasing consumption of various cosmetics products and rapidly evolving consumer habits of using cosmetics on a regular basis are driving the global cosmetics & personal industry, which, in turn, is fueling the growth of the fiber based packaging market.
- Moreover, retails and the eCommerce sector have resulted in increased supply of cosmetics across nations. The demand for making skin and body beautiful has made the world try more number of products. The availability of variety of products has fulfilled the demand of consumers at a wide and large scale. Furthermore, the ongoing trend of being entrepreneur in personal care & cosmetics industry is bringing a change in consumers’ choice, which has led to the production of more fiber based packaged products.
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Recent report on the Fiber Based Packaging market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Fiber Based Packaging market analyzes the scenario for the period of 2019 to 2027, wherein, 2021 is the base year and 2021 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global Fiber Based Packaging market for the forecast period of 2021-2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.
The report analyzes the historical and present-day scenario of the global Fiber Based Packaging market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the Fiber Based Packaging market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.
The report delves into the competition landscape of the global Fiber Based Packaging market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the Fiber Based Packaging market that are profiled in this report.
Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The Fiber Based Packaging market is analyzed at both regional and country levels.
Some of the prominent players in the Fiber Based Packaging market include:
International Paper Company, Smurfit Kappa Group PLC, Georgia-Pacific LLC, WestRock Company, Reynolds Group Holdings Ltd, Stora Enso Oyj, DS Smith Plc, Huhtamaki Oyj, Sonoco Products Company, Pratt Industries Inc., KapStone Paper and Packaging Corp, Mayr-Melnhof Karton AG, Rengo Co., Ltd., Mondi Group, AR Packaging Group AB, BillerudKorsnäs AB , U.S. Corrugated, Inc, UFP Technologies, Inc. and ESCO Technologies Inc, and Brodrene Hartmann A/S, etc.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Global Fiber Based Packaging Market Segmentation
Fiber Based packaging Market by Packaging Type
- Corrugated Boxes
- Folding Cartons
- Liquid Cartons
- Hinge Lid Cartons
- Partitions & Inserts
- Bottles & Cup Carriers
- Display Packaging
- Bags & Sacks
Fiber Based Packaging Market by Material Type
- Molded Pulp
- Kraft Paper
Fiber Based Packaging Market by Material Source
- Virgin Fiber
- Recycled Fiber
Fiber Based Packaging Market by End User Base
- Food Packaging
- Beverages Packaging
- Tobacco Packaging
- Healthcare Packaging
- Personal Care & Cosmetics
- Homecare & Toiletries
- Electrical & Electronics
- Industrial Packaging
- eCommerce Packaging
- Chemical & Fertilizers
Fiber Based Packaging Market by Level of Packaging
- Primary Packaging
- Secondary Packaging
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia],
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland],
- North America [United States, Canada, Mexico],
- South America [Brazil, Argentina, Columbia, Chile, Peru].
- Middle East & Africa [GCC, North Africa, South Africa],
A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global Fiber Based Packaging market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global Fiber Based Packaging market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Key Questions are
- What are the key factors influencing the Fiber Based Packaging market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2021 and 2027?
- What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Why should you invest in this report?
If you are aiming to enter the global Fiber Based Packaging market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Fiber Based Packaging are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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