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Asia-Pacific Paper Packaging Market - By Product (Corrugated Box, Folding Carton, Kraft Paper), Industry (Food, Beverage, Home and Personal Care, Healthcare), Geography, Trends, Forecast - (2020 - 2025)

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The revenue of the paper packaging market in APAC was USD 69 billion in 2016 and is expected to reach USD 112 billion by 2021, growing at a CAGR of 8.5%. China and India are the major drivers of the paper packaging market in the Asia-Pacific region. Rapid urbanization, rising consumption levels, increasing disposable income, and economic growth above that of the world average are some of the major factors that have contributed to the growth of the packaging market in the region. Home to 40% of the world’s population, the market will experience moderate growth over the next five years.

Developing economies like India and China will drive the market for the paper packaging segment, with applications across industries like healthcare, personal care, homecare, retail, and others. With the focus now shifting towards eco-friendly and sustainability, paper packaging is expected to gain traction with many countries pushing for paper packaging products over plastic packaging, which poses a significant threat to the environment. Higher recycling demand will further push the use of paper as a packaging material, with consumers and businesses looking for solutions that help in cost reduction as well as keeping the environment safe while keeping government regulations intact.

Drivers

Some of the factors driving the market include:

  • Consumer consciousness of sustainable packaging
  • Consumer preference
  • Raw material availability
  • Deforestation

The increasing recycling rate and improving logistical efficiency are the major trends in the market. Paper has some distinct advantages over other packaging material. It is lightweight, biodegradable, and recyclable.

Some of the major companies mentioned in the report are:

  • DS Smith
  • Graphic Packaging International Corporation
  • International Paper Company
  • MeadWestvaco Corporation
  • Rengo
  • Sappi Limited
  • Tetra Laval

What the Report Offers

  • Complete market insights, driving forces of the market, challenges it faces, and the opportunities in the current market scenario
  • Complete market segmentation on the basis of different packaging and product types along with detailed analysis for the next five years
  • Complete market breakdown at a country level to give a detailed picture of the paper packaging market
  • The report also gives information on major vendors of paper packaging products, their existing share in the market, strategies they adopt, along with the major products, financials, recent developments, and profile of these vendors

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