Research and Markets has announced the addition of the "Global Paper Packaging Materials (Liquid Packaging Cartons, Corrugated Cases, Carton & Folding Boxes and Others) Market - Forecast to 2019" report to their offering.
Paper, timber, pulp and other such forest and recycled products are used as basic raw materials in paper packaging materials. Paper packaging materials are used for various purposes such as bracing, blocking, cushioning and preserving products. Paper is used in the packaging of a wide range of products such as foods, beverages, cosmetics, pharmaceuticals and pet food among others.
Paper packaging materials can be recycled and reused easily compared to other packaging materials such as plastic and metal. Hence, paper packaging is among the most eco-friendly and economic packaging material. This has been the primary driver for market growth.
Additionally, growing demand for paper based flexible packaging due to rising consumer awareness regarding the harmful effect of plastics on environment is expected to be another vital factor for the growth of the paper packaging market. Furthermore, increasingly favorable economic conditions in BRIC countries are expected to drive the packaging market in these countries.
Paper was the largest type of material in the packaging industry. Growth in the packaging market is estimated to boost demand for paper packaging and subsequently paper packaging materials. Moreover, increasing awareness of ecological issues regarding the use of plastics is expected to drive consumer preference towards paper packaging as they are a cheaper and eco-friendly option as compared to other materials such as glass and metal.
However, stringent deforestation regulations in several countries around the world are expected to impact the growth of the market adversely over the forecast period. Ban on lightweight plastic bags are expected to provide an opportunity for the growth of the market over the next few years.
Liquid packaging cartons was the largest product segment of the paper packaging materials market; it accounted for over 40% of the market in 2012. However, corrugated cases are expected to be the fastest growing product type of the market due to increasing trade activities across the globe.
Corrugated cases are primarily used in packaging as they offer a highly durable and light weight solution along with being reusable and recyclable. Additionally, corrugated cases are being increasingly used in retail packaging due to advancement in design innovation. Furthermore, demand for cartons & folding boxes is expected to rise significantly over the next few years due to its growing demand in bulk and decorative packaging.