The paper packaging market during the projection period of 2021-2026, the paper packaging market grew at a CAGR of 3.87 percent. The COVID-19 epidemic wreaked havoc on the packaging sector, with the impacts of nationwide lockdown, corporations shifting their sourcing away from China, and materials used in packaging being reconsidered. Although there has been a substantial impact on the supply side of paper packaging, a large growth in end-user demand in specific applications has significantly expanded the scope of paper packaging.
Paper packaging is a flexible and cost-effective way to protect, store, and transport a variety of items. It can also be tailored to match the needs of certain customers or products. The characteristics of paper packaging, such as lightweight, biodegradability, and recyclability, make it a crucial component for packaging.
The market for paper packaging is being driven by rising consumer awareness of sustainable packaging and tight rules enforced by various environmental protection organisations (regarding the usage of environmentally friendly packaging items). The use of cardboard and paper-based bags has increased due to the rapid expansion of online shopping and delivery-on-demand services.
For packaging companies all across the world, environmentally responsible packaging solutions have become the rule rather than the exception. A paradigm shift in the packaging business has occurred as a result of significant changes in corporate standards, government policies, trade rules, and consumer preferences. Since July 2016, France has prohibited the usage of plastic bags. According to the French government, approximately 5 billion plastic bags are issued annually, with 12 billion used to bundle fruits and vegetables.
The inability of paper to package highly heavy materials is one of the primary issues facing the paper packaging sector, which has resulted in the industry being overtaken by the plastics and metal packaging industries. Furthermore, environmental risks arise from deforestation to obtain raw materials and the release of dioxins during paper production. As a result of these issues, the paper packaging market is slowing down.
The COVID-19 epidemic wreaked havoc on the packaging sector, with the impacts of nationwide lockdown, corporations shifting their sourcing away from China, and materials used in packaging being reconsidered. Although there has been a substantial impact on the supply side of paper packaging, a large growth in end-user demand in specific applications has significantly expanded the scope of paper packaging.
Some of the key drivers of the examined market that arose from the COVID-19 epidemic include an increase in food packaging and an ever-increasing need for corrugated packages in growing e-commerce shipments. Packaging for groceries, healthcare supplies, and e-commerce shipments has seen a substantial surge in demand on e-commerce platforms. Demand for industrial, luxury, and some B2B-transport packaging has decreased at the same time.
When compared to other materials such as metals and plastics, paper packaging materials can be easily reused and recycled. This is why paper packaging is regarded as the most environmentally friendly and cost-effective type of packaging. The increased need for flexible paper packaging is assisting the expansion of the paper packaging sector, as consumers become more aware of the negative impacts of plastic on the environment.
Comments
Post a Comment