Increasing demand for eco-friendly packaging drives paper packaging growth
According to market report, paper packaging market is expected to grow at a CAGR of around 4.5% during 2020-2026. Paper packaging includes a wide range of rigid and flexible packaging materials, manufactured by bleaching fibrous compounds obtained from wood and recycled wastepaper pulp. It is a lightweight and cost-effective packaging solution that offers proper security to a wide variety of products.
Furthermore, paper packaging materials are generally customisable, highly versatile, durable, lightweight, and recyclable. Additionally, paper packaging is available in a variety of colours, shapes and sizes and also customisable according to the requirements of customers.
3 Key market drivers of paper packaging
1. Rising production of paper
2. Increasing demand for eco-friendly packaging
3. Increasing consumer awareness and inclination towards recyclable packaging
Paper packaging includes corrugated boxes, folding boxes and cartons, liquid paperboard cartons, paper bags and sacks.