Global Industry Analysts (GIA) has released a research report on the worldwide paper packaging industry. The report comprises summaries of research findings, market briefs, statistical information, major market challenges and growth drivers.
It also includes evaluation of regional markets, including Mexico, Brazil, India, China, UK, Germany, France, Canada and the U.S.
Paper packaging, an extensively used packaging format, has rising demand from end-users. This is due to a large number of benefits that include low-cost, easy handling and storage, recycling benefit and availability of a broad range of sources. Through continuous innovations in technology and production techniques, paper packaging products can be used as a potential alternative for metal, steel, plastic, glass and wood packaging types. The paper packaging industry is likely to see tremendous growth with the development of new products and technologies and also with the availability of an enhanced range of paper packaging products.
The corrugated board packaging sector has witnessed high demand from developing countries such as Poland, Russia, India, China and Brazil. The demand is due to widening industrial activity and steady economic growth. Also, development of improved small flutes and high quality graphic board is expected to promote access of corrugated boxes in the traditional folding cartons market. Consumer goods companies are the largest users of folding paperboard boxes. Demand for these boxes started to decline in the second half of 2008. However, the folding cartons have favorable growth, due to a major increase in demand from the Asia Pacific. In the non-durables sector, beverages and food signify the fastest growing division for folding paperboard boxes.