By Cameron Chai
Global Industry Analysts, a leading publisher, has introduced a new research report titled ‘Paper Packaging Materials: A Global Strategic Business Report’.
The report offers a detailed review of strategic industry activities trends, issues, and profiles of leading companies across the globe. It offers market estimates for international and regional markets such as US, Europe, Canada, Japan, Latin America, Asia-Pacific, and Rest of World and examines product segments that comprise packaging & wrapping paper, carton board, container board, and other paperboard.
By 2012, the worldwide market for paper packaging materials is estimated to reach 240.9 million metric tons and this increase is mainly attributed to new applications areas and consumer spending. However, slow recovery in key geographic markets and increasing popularity of plastics present a challenge to this market.
Emerging demand for packaging, container board and wrapping papers in the developing markets as well as the increasing demand in food & beverage industry are anticipated to drive the market in the future.
Energy costs, transportation, volatility in raw material, and global economy slowdown are some of the factors that have affected the worldwide packaging industry over the past few years. Apart from these factors, climate change also impacted the industry. In view of growing environmental concerns, demand for paper and packaging had significantly slowed down.
On the other hand, factors like recyclability and affordability sustain the paper packaging market. Growing shipment of non-durable products present a positive trend in corrugated boxes and paperboard market, as such non-durable products make for more than three-fourth of demand for boxes. Market growth for durable goods, which use expensive and bulk boxes, could drive the demand for paper packaging materials.
Key players in the market include Georgia-Pacific, DS Smith PLC, Graphic Packaging International, International Paper Company, Holmen AB, MeadWestvaco, Oji Paper, Mayr-Melnhof Group, M-Real Oyj, Smurfit Kappa Group, Weyerhaeuse, RockTenn, Stora Enso Oyj, UPM-Kymmene, and Svenska Cellulosa Aktiebolaget.