Fiber Based Packaging Market: Global Industry Analysis and Opportunity Assessment 2016-2026
Packaging industry has transformed into one of the most important industries all around the world. Packaging serves multiple functions, namely physical protection, product marketing, tamper evidence, theft protection, durability, and portion control. A lot of innovation has taken place in the realm of packaging allowing the packaging of products to witness advanced functionality and design.
Through the years, we find that sustainability has also crept into packaging solutions making it one of the most important forms of packaging all over the globe. Environmental impact of non-recyclable materials has led to a global reconsideration of industrial outputs. This has led to the advent of packaging that complies with international and national environmental protection guidelines. The rising demand for sustainable packaging from the consumer side also calls for producers to adopt the same. Fiber based packaging is one of the most relevant forms of sustainable packaging.
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Fiber based packaging utilizes renewable, reusable or biodegradable materials in the process of product packaging. Fiber based packaging is used in primary, secondary and tertiary packaging. Fiber based packaging is widely being used in the chemicals, food & beverages and constructions industry. Stringent regulations levied on the packaging industry also call for more sustainable forms of packaging.
Fiber based packaging Market- Market Dynamics:
Due to the evident concern of global warming, we have witnessed a shift in the way consumers and manufacturers approach buying & manufacturing/selling of products respectively. As the demand for sustainable products has risen, the supply has also kept up. Manufacturers have widened their product portfolio to include sustainable products. This has led to the development of sustainable packaging. Fiber based packaging forms a major chunk of sustainable packaging. Fiber based packaging is widely used in packaging of consumer goods, electronics, food & beverages etc. With the rising disposable incomes, fiber based packaging market is bound to witness a rise in growth during the forecasted period of 2016-2026. Millennials and Generation - Y prefer packaging to be sustainable because of their upbringing involving constant reminders of environmental degradation. Fiber based packaging is attractive to these segments of consumers and they are also willing to pay more for the same.
Fiber based packaging Market- Regional Outlook:
In terms of geography, the fiber based packaging market has been divided in to five key regions; North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. China, India, other East Asian countries and Latin America will show a strong growth in fiber based packaging market through the forecasted period of 2026-2026. The Asian and Middle Eastern market is largest with regards to fiber based packaging. Steady growth in the mature markets is also expected through the forecasted period of 2016-2026.
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Fiber based packaging Market- Major Players:
Some of the key players in the fiber based packaging market are Evergreen packaging, Omya AG, Orora Packaging Australia Pty Ltd, Stora Enso AB, Huthamaki Group, UFP Technologies, Inc., Bumaga BV, Oji Fibre solutions, Westrock Company, Ahlstrom Corporation.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights : Detailed overview of parent market,Changing market dynamics in the industry,In-depth market segmentation,Historical, current and projected market size in terms of volume and value,Recent industry trends and developments,Competitive landscape,Strategies of key players and products offered,Potential and niche segments, geographical regions exhibiting promising growth,A neutral perspective on market performance,Must-have information for market players to sustain and enhance their market footprint.
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